Ecb Policymakers Say June Cut Is Plausible
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ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."CNBC - Business -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Member of Israel's War Cabinet says he'll quit the government June 8 unless there's a new war plan
A popular centrist member of Israel’s three-man War Cabinet has threatened to resign from the government if it doesn’t adopt a new plan for the war in Gaza in the next three weeksABC News - World - Israel -
Netanyahu rival Benny Gantz says he’ll quit Israel’s war Cabinet on June 8 unless new Gaza plan devised
DEIR AL-BALAH, Gaza Strip — Benny Gantz, a member of Israel’s three-man war Cabinet, has threatened to resign from the government if it doesn’t adopt a new plan for the war in Gaza, a move that would leave Prime Minister Benjamin Netanyahu more ...NBC News - Top stories - Israel -
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bankFinancial Times - World -
ECB pressures banks to speed up Russia exits on fear of US action
Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s RaiffeisenFinancial Times - Business - Russia -
Biden and Trump agree to debate in June and September
President Joe Biden and former President Donald Trump agreed to two one-on-one debates, with the first on June 27 and another on Sept. 10. NBC’s Peter Alexander reports for TODAY.NBC News - Politics - Joe Biden -
Why Biden might be happy to debate Trump in June
The campaigns have agreed to debate twice before November's election - and the stakes will be high.BBC News - Top stories - Joe Biden -
3 reasons to use home equity before June
Are you considering a home equity loan or HELOC? Here's why you may want to apply before June.CBS News - Top stories -
Celebrity birthdays for the week of May 26-June 1
Celebrities having birthdays during the week of May 26-June 1 include actor Laverne Cox, singer Lenny Kravitz and actor Helena Bonham CarterABC News - Entertainment -
Scheffler's arraignment delayed until June 3
Scottie Scheffler's arraignment on multiple charges stemming from an incident prior to the second round of the PGA Championship has been delayed until June 3.ESPN - Sports -
Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech -
Gantz threatens to quit Israeli government if no new war plan by June 8
Ultimatum by member of Netanyahu’s war cabinet brings to a head months of internal tensions over GazaFinancial Times - Business - Israel -
Honor of Kings gets a global rollout on June 20 on mobile
TiMi Studio Group and Level Infinite, both divisions of Tencent, have confirmed that Honor of Kings will have a global roll-out on June 20.VentureBeat - Tech -
Ireland’s push to shore up share of ECB staff triggers call for nationality quotas
Union hits at warning by bank’s chief economist that retirement wave risks diluting Ireland’s presenceFinancial Times - World -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
Tiger Woods will miss the cut at the PGA Championship at Valhalla
Tiger Woods will miss the cut at the PGA Championship at ValhallaABC News - Sports - Golf -
Shaken by the Fico assassination attempt, the EU wonders if June elections can be free of violence
In an increasingly vitriolic political climate, the last thing needed in the runup to the June European Union elections was an assassination attempt on one of the bloc’s most controversial figuresABC News - World -
The Nike Pegasus 41 shoe is coming in June, so the NFL Pegasus 40 has been marked down to $55
Ahead of the Nike Pegasus 41 launch, you can get last year's shoe in your favorite NFL team's colors for just $55.CBS Sports - Sports - NFL -
USMNT name June friendlies roster as Copa America looms: Gregg Berhalter looks for Sergino Dest replacement
After the right back's injury, who will step up and fill the void?CBS Sports - Sports -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Replit cuts staff by 30 amid aggressive AI push in software development
Replit, a cloud-based software development platform, lays off 30 employees as it focuses on integrating AI into its coding tools, aiming to make programming more accessible.VentureBeat - Tech -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.CNBC - Business - California -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices ...NBC News - Top stories - California -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
Tiger (77) has 2 triple-bogeys, misses cut at PGA
After posting his 11th consecutive round of par or worse in a major championship with a 6-over 77 in the second round of the PGA Championship, Tiger Woods is headed home on the weekend again.ESPN - Sports - Golf -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new all-time high as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Companies warn against immigration cuts as Trump plans crackdown
Business groups say US economy remains dependent on foreign workers as migration becomes election issueFinancial Times - World - Donald Trump -
Target to cut prices on 5,000 items in bid to lure cash-strapped customers
Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.CBS News - Top stories