Fed Prepares to Skip June Rate Rise But Hike Later
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Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and 11 mayoralties in England and WalesFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - 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 -
Politics trumps patents for Ireland
A planned public vote on joining an EU body focused on IP protection has been scrappedFinancial Times - World - Donald Trump -
Bank of Canada Gov. Macklem Acknowledges Limits on Rate-Policy Divergence From Fed
“Clearly, if we cut interest rates and that weakens the Canadian dollar, that is something you have to take into account,” Macklem said.The Wall Street Journal - World - Federal Reserve -
Assassin's Creed Mirage Is Coming To iPhone And iPad In June
Ubisoft has announced that Assassin's Creed Mirage will come to iPhone and iPad devices on June 6. In order to play it, the phone model must be an iPhone 15 Pro powered by the A17 Pro chip. iPads with the M1 chip or later can also play it.. These ...GameSpot - Tech -
Eight years later, Trump is still driving the media nuts
You don’t have to be paranoid to believe Trump may be onto something when he says he’s the victim of a progressive district attorney pursuing a flimsy case and hoping for a guilty verdict that would hurt him and help Joe Biden.The Hill - Politics - Donald Trump -
Cardinals GM 'felt strongly' about Marvin Harrison Jr., even with WR skipping predraft workouts
The Cardinals felt like they had seen enough to make a decision at No. 4CBS Sports - Sports - MLB -
Xbox Games Showcase airs on June 9, mysterious Direct to follow
Xbox announced that it's holding its summer Games Showcase on June 9, with a Direct to follow focused on an untitled game.VentureBeat - Tech -
Star Wars 4v4 Hero Shooter Is Coming To Switch And Mobile In June
Over three years since its first gameplay trailer and nearly six since the deal between Disney and Zynga was announced, Star Wars Hunters--the 4v4 multiplayer hero shooter featuring new characters to the Star Wars lore--will finally launch on ...GameSpot - Tech -
Americans widely opposed to decision overturning Roe nearly 2 years later: Poll
Americans still widely oppose the Supreme Court decision overturning Roe v. Wade, which ruled women do not have a federal right to an abortion, according to a poll released Wednesday. In the CNN poll, conducted April 18-23, 65 percent of ...The Hill - Politics -
What We Got Right in Preparing for Retirement
We thought a lot about what we would do once we quit or jobs, and that has made all the difference. But we didn’t anticipate everything.The Wall Street Journal - World -
The Dangerous Rise of GPS Attacks
Thousands of planes and ships are facing GPS jamming and spoofing. Experts warn these attacks could potentially impact critical infrastructure, communication networks, and more.Wired - Tech -
Elder fraud on the rise in the U.S.
Scams targeting people over 60 are on the rise in the U.S., with $3.4 billion being stolen just last year, according to a new FBI report. Nicole Sganga has the details.CBS News - Top stories -
5 Best Rain Jackets (2024): Cheap, Eco-Friendly, Hiking, and Running
When it rains, it pours. Here are our picks for cold, wet days—plus expert tips on deciphering product specs.Wired - Tech -
The frozen Fed
And the spill at StarbucksFinancial Times - World - Federal Reserve -
Clariant Confirms Outlook as Profits Rise
Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and a strong performance at its aviation business.The Wall Street Journal - Business -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Haleon Keeps Outlook as Profits Rise
Haleon reported a 2% rise in underlying profits for the first quarter despite lower revenue, and maintained its full-year guidance and buyback plan.The Wall Street Journal - World -
Oil Market Balance Expected to Improve Through 2024, Morningstar DBRS Says
Global oil supply is expected to catch up with demand in the coming months, according to Morningstar DBRS.The Wall Street Journal - World -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
John Swinney gets Kate Forbes' backing to be next first minister
Former deputy FM Swinney is the only candidate so far to officially launch an SNP leadership bid.BBC News - Top stories -
We are hiking our price target on Eaton as demand for AI computing power heats up
Results under the hood were a bit mixed, but the positives far outweighed the negatives.CNBC - Business -
Novo Nordisk says starter doses of weight-loss drug surge as company hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after the company boosted supplies to meet insatiable demand.MarketWatch - Business -
3 savings moves to make with inflation still rising
Inflation is on the rise, but that may be good news for savers. Here are three savvy savings moves to make now.CBS News - Top stories -
The WSJ Dollar Index Rises 1.81% This Month to 100.81
The dollar firmed across the board on the session and posted its best monthly performance since January.The Wall Street Journal - World -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business