Fed Chair Powell Signals Rates Will Remain Higher for Longer
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Gold Edges Higher, Supported by Fed Rate-Cut Hopes
Gold edged higher in early Asian trade, supported by hopes for Fed rate cuts which would enhance the allure of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Oil Edges Higher, Aided by Fed Rate-Cut Prospects
Oil edged higher in early trade, aided by prospects of Fed rate cuts which would help support the U.S. economy and energy demand.The Wall Street Journal - World - Federal Reserve -
Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Yahoo News - World - Brazil -
Sinn Fein’s Support Falls Again, Irish Times Poll Signals
Yahoo News - World -
Cracker Barrel is the latest restaurant chain to signal trouble ahead as it sees fewer diners
Restaurant chain slashes dividend as it reports fewer diners, says it had to close stores this quarterMarketWatch - Business -
Boxing announcer Dan Hennessey retires after naming wrong winner: 'No longer the world's punching bag'
ESPN's Joe Tessitore described the incident as an “absolute clown show garbage amateur hour."Yahoo Sports - Sports -
Fixed income should have more love in a ‘higher and hold’ world
The prospects for returns are much brighter, with bond yields at the highest levels since the global financial crisisFinancial Times - World -
Treasury yields end higher for first time in four sessions
Rates on U.S. government debt closed higher on Thursday, with 10- and 30-year yields bouncing off their lowest levels since early April, after a fresh round of data.MarketWatch - Business -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
35 Years Later, the Remains Known as ‘Chimney Doe’ Have a Name and a Face
A skeleton found in the chimney of a Wisconsin music store in 1989 has been identified, relaunching a police investigation that had been dormant for decades.The New York Times - Top stories -
Bridge between Galveston and Pelican Island remains closed after barge crash
The bridge connecting Galveston, Texas, to Pelican Island remains closed after a barge crashed into a pillar supporting the span, causing it to partially collapseABC News - Top stories -
Post-Brexit deal on border between Gibraltar and Spain remains unresolved
European Commission vice president, Maroš Šefčovič, cites progress on trade and economy for territory but not border checks. Talks on a post-Brexit deal to govern the border between Gibraltar and Spain have broken up without an agreement, although ...The Guardian - World -
Chevron to sell off its remaining North Sea oil and gas fields
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers. Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.. The ...The Guardian - World -
Will an antitrust settlement actually settle college sports? Lots of questions remain
A settlement worth more than $2.7 billion could be reached next week. But plenty of questions regarding implementation will remain.ESPN - Sports -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Slovak president-elect says he spoke to prime minister who was shot but says his condition remains very serious
Slovak president-elect says he spoke to prime minister who was shot but says his condition remains very seriousABC News - World -
‘Chimney Doe,’ skeletal remains found in pipe of Wisconsin music store in 1989, finally identified
The skeletal remains of "Chimney Doe" were identified as Ronnie Joe Kirk nearly 35 years after he was found in a Madison, Wisconsin, music store pipe in 1989.NBC News - Top stories -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.CBS News - Top stories -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business