Fed Prepares to Skip June Rate Rise But Hike Later
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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 -
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 -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Fed poll shows concern that inflation could stall rate cuts
Financial Times - Business - Federal Reserve -
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 -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
The 2024 Paris Olympics Prepares For Cyberattacks
“We will be attacked,” the official responsible for fending off cyberthreats said. To prepare, organizers have been hosting war games and paying “bug bounties” to hackers.The New York Times - Tech - Olympics -
Wilson skips Jets workouts while on trade block
Former No. 2 pick Zach Wilson is skipping voluntary workouts as he remains on the trading block with less than a week to go before the NFL draft.ESPN - Sports -
Here's All The Destiny 2: Into The Light Content Leaving In June
In the lead-up to The Final Shape, Bungie has detailed which parts of Into The Light will remain after June 3 and which parts of it will be going away.. First up, the new raid boss gauntlet Pantheon will be exiting Destiny 2 in June. This mode ...GameSpot - Tech -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Chinese hackers preparing to attack critical US infrastructure: FBI
Hackers linked to the Chinese government are waiting for the right moment to “deal a devastating blow” to U.S. critical infrastructure, FBI Director Christopher Wray said Thursday. The Chinese hacking group known as Volt Typhoon has gained access ...The Hill - Politics - China -
Kings prepare for Pelicans with clean slate despite winless record
The Kings lost all five games against the New Orleans Pelicans this season, but they're keeping the past in the past for Friday's NBA Play-In Tournament game.Yahoo Sports - Sports -
Trump meets with Orbán, Saudis, Cameron as they prepare for his return
Former President Trump is holding court with world leaders as foreign governments brace for the possibility of a second Trump administration, which would bring with it a major shift in U.S. foreign policy. Trump met Wednesday at Trump Tower with ...The Hill - Politics - Donald Trump -
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 -
Nvidia dragged to worst day since March 2020 after Super Micro plunge
Super Micro Computer shares plunged on Friday as investors peeled back their holdings of one of the stock market's hottest names.CNBC - Business -
P&G's initial decline had nothing to do with earnings. The market later agreed
Management's call with investors had us feeling very good about Procter & Gamble's future, no matter the economic backdrop.CNBC - Business -
Zach Wilson landing spots: Logical fits as Jets' former first-rounder skips voluntary workouts, per report
The ill-fitted marriage appears to be coming to an endCBS Sports - Sports -
2-year Treasury yield ends with largest four-week advance since last June
Rates on U.S. government debt finished slightly lower on Friday after Israel’s limited retaliation against Iran led to a modest flight-to-safety trade, yet yields still advanced for the third or fourth week in a row.MarketWatch - Business -
5 Maryland teens shot, 2 critically injured during senior skip day
Hundreds of teens had skipped school to meet in the park for a water gun fight, police said.CBS News - Top stories -
A politician running for mayor in northern Mexico is killed, the 16th hopeful slain over June vote
A mayoral candidate in a northern Mexico border state has been killed, the 16th political hopeful slain ahead of the June 2 electionsABC News - World -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Israel launches calibrated retaliatory strikes against Iran
Officials and diplomats indicate attacks were limited and sought to avoid full-blown escalationFinancial Times - Business - Iran -
Culling's rapid rise to London Marathon's elites
Five years ago, Anya Culling took more than four and a half hours to complete the London Marathon - but in 2024 she will take her place among the elites.BBC News - Top stories -
Shoppers shun department stores as prices rise
Higher prices put off shoppers as sales volumes overall stagnate in March.BBC News - Top stories -
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 -
Cavaliers feel better prepared for playoff stage after '23 flop, face Magic in first-round series
The Cavaliers have waited a year to redeem themselves in the NBA playoffsABC News - Sports -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
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 -
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 -
Oil price rises as US says Israel has struck Iran
Reports of a retaliatory strike by Israel raise commodity prices and fears over inflation.BBC News - Top stories - Israel -
China Hits U.S. With Levy on Chemical as Trade Tensions Rise
China slapped a levy on imports from the U.S. of a widely used chemical, a small salvo in an escalating trade dispute between Washington and Beijing.The Wall Street Journal - World - China -
Stocks waver and oil prices rise after Israeli missile strike on Iran
Direct conflict between Israel and Iran, which threaten global oil supplies and could drive up energy costs, has investors on edge.CBS News - Top stories - Israel -
Trump’s ‘DJT’ stock rises as CEO ‘tries to blame’ short sellers for weakness
Trump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company of Donald Trump’s social-media platform Truth Social asked regulators to look into potential illegal selling activity.MarketWatch - Business -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
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 -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports