Dow Jones Newswires Bank of Korea Stands Pat on Rates Cuts Growth Forecast
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US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
Massive AI Growth Outpacing U.S. Power Capacity
Tech leaders and electricalgrid executives lament the obstacles to connecting power-draining data centers to utility networks.Inc. - Business -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Don't Compete--Collaborate. How Cannabis Partnerships Are Driving Growth
Entrepreneurs behind fast-growing cannabis companies share how they're growing their brands, and their industry, together.Inc. - Business -
100 MPs to stand down at the next election
More than 60 are Conservatives and they include former prime minister Theresa May.BBC News - Top stories -
Pat Tillman's mother recalls command blunders behind ex-Cardinals safety's death
Twenty years after Pat Tillman's death, his mom reflects on bad command decisions and false narratives.ESPN - Sports -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
South Korea President’s Support at New Low After Stinging Election Loss
Yahoo News - World - South Korea -
‘Only in Rio’: South Korea’s ambassador to Brazil is an unlikely samba star
Lim Ki-mo first heard Brazilian music 50 years ago in his home town of Busan; now his consular crooning marks a triumph of soft power. Brazil’s latest music sensation grinned from ear to ear as he moseyed down Copacabana beach contemplating his ...The Guardian - World - Brazil -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
NHL playoffs: Panthers vs. Lightning series schedule, TV channels, times, results
The Panthers captured the Atlantic Division crown during the regular season and will now take on the Lightning in the first roundCBS Sports - Sports - NHL -
NHL playoffs: Rangers vs. Capitals series schedule, TV channels, times, results
The Presidents' Trophy winners will take on the Capitals in the opening round of the Stanley Cup PlayoffsCBS Sports - Sports - NHL -
NHL playoffs: Bruins vs. Maple Leafs series schedule, TV channels, times, results
The Bruins and Maple Leafs should offer one of the more entertaining series of the opening roundCBS Sports - Sports - NHL -
NHL playoffs: Hurricanes vs. Islanders series schedule, TV channels, times, results
The Hurricanes will look to begin their Stanley Cup run on the right foot against the IslandersCBS Sports - Sports - NHL -
NHL playoffs: Jets vs. Avalanche series schedule, TV channels, times, results
The Jets and Avalanche will give fans a first-round slugfestCBS Sports - Sports - NHL -
NHL playoffs: Canucks vs. Predators series schedule, TV channels, times, results
Two of the NHL's biggest overachievers are going head-to-head.CBS Sports - Sports - NHL -
Constellation Brands moves itself further away from cannabis grower Canopy Growth’s business
Alcoholic-beverage giant Constellation Brands Inc. on Thursday announced a number of moves intended to further wash its hands of the struggling Canadian cannabis producer Canopy Growth Corp., following a multibillion-dollar investment in the pot ...MarketWatch - Business -
Party Like It’s 1989
In the 1980s and ’90s, Dafydd Jones’s party shots captured Manhattan’s rich and powerful.The New York Times - Lifestyle -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Politics -
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
Luxury car sales plunge as buyers put off by Seoul’s neon licence plates
President Yoon Suk Yeol has pledged to target private use of company vehiclesFinancial Times - World -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
North Korea is buying Chinese surveillance cameras in a push to tighten control, report says
A report from the website 38 North says that North Korea is putting surveillance cameras in schools and workplaces in a technology-driven push to monitor its population even more closelyABC News - Tech - North Korea -
2024 NHL Playoffs bracket: Stanley Cup Playoffs schedule, standings, games, TV channels, times
The 2024 NHL postseason begins on April 20CBS Sports - Sports - NHL -
Billy Joel special to air again after abrupt cut-off on CBS
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."CBS News - Entertainment