Ecb Raises Rates by Half Point Despite Mounting Banking Stress
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Oil prices ends lower as weekly U.S. crude supplies rise by over 7 million barrels
Oil futures fell for a third straight session on Wednesday, settling at their lowest level since mid-March, after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.MarketWatch - Business -
National 3-point shooting leader Koby Brea becomes the 5th transfer this week to land at Kentucky
Koby Brea, who led the nation in 3-point shooting for Dayton, has announced he will play his final season at KentuckyABC News - Sports -
Luka Doncic scores 35 points, leads Mavericks to 123-93 victory and 3-2 series lead over Clippers
Luka Doncic scored 20 of his 35 points in the second half and added 10 assists and seven rebounds, propelling the Dallas Mavericks to a 123-93 victory over the Los Angeles Clippers in Game 5 and a 3-2 lead in the first-round seriesABC News - Sports - NBA -
Third Point made ‘substantial investment’ in Alphabet as shares fell on Google’s Gemini fiasco
Daniel Loeb’s hedge fund said it believes Alphabet is well positioned to capitalize on the rise of AI,MarketWatch - Business -
Call Of Duty File Text Might, Maybe, Possibly Point To New Game Reveal This Month
Activision Blizzard might be aiming to unveil the next Call of Duty game this month. That's because dataminers uncovered references to a reveal in the latest update for Call of Duty Warzone.On X (formerly known as Twitter), CharlieIntel ...GameSpot - Tech -
Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car
One ex-Tesla employee's post about the shock of losing his job amid a round of layoffs is sparking a workplace debate.CBS News - Top stories -
GOP Rep. Armstrong supports Speaker Johnson despite policy disagreements because ‘I’m a grown-up’
Rep. Kelly Armstrong (R-N.D.) explains why he supports Speaker Johnson despite opposing the Ukraine aid bill. He joins Meet the Press NOW to discuss the division within the House Republican conference.NBC News - Politics -
Houston moving forward with blue alternate jerseys despite threats of legal action from NFL
The NFL threatened Houston with legal action for wearing jerseys reminiscent of the old Oilers threadsCBS Sports - Sports -
Phillies strike out 18 times, but beat Angels 2-1 on Schwarber's 2-run single
Kyle Schwarber had a two-run single in the second inning, Alec Bohm extended his hitting streak to 15 games and the Philadelphia Phillies defeated the Los Angeles Angels 2-1ABC News - Sports - MLB -
Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.CNBC - Business -
Middle East Crisis: Hopes for Gaza Cease-Fire Remain as Hamas Says It Will Keep Negotiating
A Hamas leader said it was studying Israel’s latest proposal for a deal with a “positive spirit,” and would soon return to in-person talks.The New York Times - World -
Dameon Pierce trade rumors: Why Texans GM believes in young RB despite disappointing 2023 season
Pierce fell behind Devin Singletary in the rotation last seasonCBS Sports - Sports - NFL -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
Knicks vs. 76ers: NBA admits Tyrese Maxey's crucial 4-point play in Game 5 should have been waved off
For the second time this series, a frantic ending featured a few missed callsCBS Sports - Sports - NBA -
Portuguese-flagged ship is hit far in Arabian Sea, raising concerns over Houthi rebel capabilities
A Portuguese-flagged container ship has come under attack by a drone in the far reaches of the Arabian SeaABC News - World -
Coca-Cola beats first-quarter earnings estimates, raises annual revenue outlook
Coca-Cola Co. reported better-than-expected first-quarter results before market open Tuesday, boosted by what the beverage giant described as “a dynamic backdrop.”MarketWatch - Business -
Ranking each team's 2024 NFL Draft class: Ranking each team's 2024 NFL Draft class: Bears, Commanders, Steeler
Keep reading to see how your team did, everything from our favorite picks to best values to most surprising selectionsCBS Sports - Sports - NFL -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
HSBC Chief Executive Noel Quinnunexpectedly said he would retire, leaving the bank without a clear successor.
HSBC Chief Executive Noel Quinn unexpectedly said he would retire, leaving the bank without a clear successor.The Wall Street Journal - World -
Court case over fatal car crash raises issues of mental health and criminal liability
No one disputes that Michelle Wierson crashed her SUV into a car stopped at a traffic light in suburban Atlanta, causing the death of a young boyABC News - Health -
We're raising our Amazon price target, betting light guidance proves conservative
Shares rose on a strong quarter. The upside, however, was tempered by a lower-than-expected outlook.CNBC - Business -
Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”MarketWatch - Business -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - Business - United Kingdom -
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.CNBC - Business - Joe Biden -
Kenya floods: tourists evacuated from Maasai Mara after river bursts banks
Kenya Red Cross rescues more than 90 people from hotels and lodges as heavy rainfall continues. Scores of tourists have been evacuated by air from Kenya’s Maasai Mara national reserve after more than a dozen hotels, lodges and camps were flooded ...The Guardian - World -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
Caitlin Clark's Childhood Shows 'Delayed Specialization' Is the Best Way to Raise Successful Kids, Backed by New Research
Clark's developmental background is the norm for most outstanding athletes--and for most successful entrepreneurs.Inc. - Business -
Danish firm behind weight-loss drug Wegovy raises profit forecast to £15.3bn
Novo Nordisk, which is now Europe’s most valuable company, also reports strong sales of diabetes drug Ozempic . Strong sales of diabetes and weight loss drugs Ozempic and Wegovy have prompted the Danish pharmaceutical company Novo Nordisk to raise ...The Guardian - World -
Fever raise expectations after pairing top picks Caitlin Clark, Aliyah Boston: 'Sometimes losing does pay off'
Indiana has its eyes set on the postseason after making back-to-back No. 1 picksCBS Sports - Sports -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Top stories -
German unemployed rate remains at 6% in April
Yahoo News - World - Germany -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Business -
New Zealand's Jobless Rate Rises Sharply
New Zealand’s unemployment rate jumped sharply in the first three months of this year as the economy slumbered in an extended recession and high interest rates battered household budgets.The Wall Street Journal - World - New Zealand -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
What to Watch for at Today’s Fed Meeting on Interest Rates
Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals that rates will stay higher for longer.The New York Times - Top stories - Federal Reserve -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.The New York Times - Business - Federal Reserve -
Federal Reserve likely to leave interest rates unchanged
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.CBS News - Top stories - Federal Reserve