Blackrock Warns That Investors Are Making A Mistake by Betting on the Fed to Cut Rates
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Investors place record £300mn bet against BT
New chief executive Allison Kirkby is battling to reverse declining share priceFinancial Times - Business -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
Your favorite WNBA rookies didn’t make the cut. So what’s their path back to the league?
For rookies who were waived, the climb to their pro dreams is steeper, but the path ahead is well-worn with trail markers of established success.Yahoo Sports - Sports -
BlackRock closes in on crown of world’s largest bitcoin fund
Asset manager pushes deeper into digital assets after ETF successFinancial Times - Business - Crypto -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
Jeremy Hunt bets on creating a $1tn ‘British Microsoft’
UK chancellor shrugs off flurry of overseas bids for UK companiesFinancial Times - Business - United Kingdom -
Migration council warns ministers not to axe student visa programme
Two-year post-grad work scheme does not lead to abuse of system, independent report findsFinancial Times - Business -
OPEC+ Potential Extension of Output Cuts Isn't Done Deal, Goldman Says
OPEC+ is expected to extend output cuts at its June meeting, but recent mixed messages from Russia and Iraq suggest no final decision has been made yet, Goldman Sachs said.The Wall Street Journal - World -
T+1 will not be a ‘slam dunk’ for ETFs, industry insiders warn
US move to one-day trade settlement happens over a public holiday weekend between major index rebalancingsFinancial Times - World -
As Europe’s power shrinks, its fear is growing – and the result is huge mistakes | Nathalie Tocci
Scared of Ukraine losing and scared of Russia being beaten, of migrants, Gaza and Trump, the EU is making poor choices at home and abroad. Europe no longer wields the power it once did in world affairs, when there was a liberal international order ...The Guardian - World -
50 Cent trolls Diddy's son King Combs for diss track that refers to feds' raids of homes
After Diddy's son Christian 'King' Combs name-checked 50 Cent on a diss track, he roasted the young Combs and rehashed allegations against him and his father.Los Angeles Times - Entertainment -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
Blow to $53bn Chevron-Hess deal as investors advised to abstain
Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISSFinancial Times - Business -
Forget U.S. stocks — UBS says Europe's are a better bet. Here's why
In a bold "U-turn," UBS says European stocks are now more attractive than their U.S. counterparts.CNBC - Business -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - World -
FirstFT: UK chancellor Jeremy Hunt bets on creating a $1tn ‘British Microsoft’
Also in today’s newsletter, investors bet against BT and Saudi Arabia’s diversification plan faces reality checkFinancial Times - World - United Kingdom -
AI boom to keep supply of high-end memory chips tight this year, analysts warn
SK Hynix and Micron – the world's largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.CNBC - Business -
Middle East crisis live: Israeli tanks push deeper into Rafah as Qatar PM warns ceasefire talks heading ‘backwards’
Israeli operation means truce negotiations cannot progress, says Sheikh Mohammed, as estimated 500,000 flee after evacuation order. Israel deepens offensive in Rafah and re-enters northern areas of Gaza‘Total outrage’: White House condemns Israeli ...The Guardian - World - Israel -
Pursuit Makes the Case for Their Innovative Job Training Program
Pursuit, a nonprofit that trains low-income workers to become software engineers, is urging New York legislators to pass a new regulatory model for jobs programs.The New York Times - Business -
Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
GameStop stock surges over 70%—but investors should still be wary of 'meme stocks'
Roaring Kitty returns to social media, GameStop's stock surges and short sellers lost over $1 billion. However, investors should be wary of chasing meme stocks.CNBC - Business -
There are 11 times as many WNBA MVP bets on Caitlin Clark than any other player
The Indiana Fever are a popular bet to win the WNBA title, as well.Yahoo Sports - Sports - WNBA -
Record travel expected as millions make plans for Memorial Day
Tens of millions of Americans are gearing up for the upcoming Memorial Day weekend. Nearly 50 million people are expected to travel 50 miles or more this year, making it the busiest Memorial Day weekend in almost 20 years, according to AAA. Kris ...CBS News - Top stories -
New Orioles owner David Rubenstein is making a splash at Camden Yards and beyond
The Baltimore billionaire is taking steps to become the most public, accessible, front-facing owner in Major League Baseball.Yahoo Sports - Sports -
The Spin: Making a call on 5 slumping fantasy baseball stars
All five of these hitters were drafted highly in fantasy baseball leagues. So far, they have not lived up to their ADPs — and that's an understatement. Scott Pianowski analyzes.Yahoo Sports - Sports -
What’s More Fun Than Poking Fun at Fashion?
A jewelry brand’s ad campaign has generated buzz for skewering the industry in videos featuring models, editors and, now, Susan Sarandon.The New York Times - Lifestyle -
Mets vs. Phillies odds, line, score prediction, start time: 2024 MLB picks, May 14 best bets from proven model
SportsLine's model simulated Tuesday's Philadelphia Phillies vs. New York Mets game 10,000 times and released its MLB picks, predictions and best betsCBS Sports - Sports - MLB -
41-year-old who make $160,000 a month in passive income: This is 'the business model that has set me free'
Entrepreneur Graham Cochrane's businesses bring in $160,000 a month in passive income. He shares the business model that "set him free."CNBC - Business -
Prince William makes a surprise BAFTA TV Awards appearance after recent return to public duties
Prince William, out of the public eye until recently caring for wife Kate, congratulated TV presenter and kids' advocate Floella Benjamin at the BAFTA TV Awards.Los Angeles Times - Entertainment -
NFL schedule release 2024: Tom Brady to make NFL broadcasting debut Week 1 by calling Cowboys at Browns
Another game has been leakedCBS Sports - Sports - NFL -
George Clooney to make his Broadway debut in a play version of movie 'Good Night, and Good Luck'
George Clooney will make his Broadway acting debut next year in a familiar project for the Hollywood star: “Good Night, and Good Luck.”ABC News - Entertainment -
Music Review: Miley Cyrus, Lorde and more team up for fun Talking Heads' 'Stop Making Sense' tribute
In 1984, Talking Heads’ concert film and live album “Stop Making Sense" captured the alt-rock quartet at the height of their powersABC News - Entertainment -
China says Russian President Vladimir Putin will make a 2-day state visit this week amid closer ties over Ukraine war
China says Russian President Vladimir Putin will make a 2-day state visit this week amid closer ties over Ukraine warABC News - World - China