Fed Shifts to Quarter Point Rate Rise But Warns of More to Come
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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 -
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 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 -
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 -
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 -
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Israel and Iran backed away from the brink. But the stakes have been raised, and the rules are no longer clear.The Wall Street Journal - World -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World -
Drake Maye to the Commanders? There was big odds shift for the 2nd pick of NFL Draft
Are the Commanders going to pick Drake Maye over Jayden Daniels?Yahoo Sports - Sports - NFL -
Raducanu falls to Swiatek in Stuttgart quarter-finals
Britain's Emma Raducanu falls to world number one and defending champion Iga Swiatek in the quarter-finals of the Stuttgart Open.BBC News - Top stories -
Almost a quarter of kids aged 5-7 have smartphones
The regulator calls the data a "wake up call", and says parents and industry need to do more.BBC News - Top stories -
Schlumberger posts profit gain for first quarter as revenue tops estimates
International revenue for the oil-services company rose 18% to offset softness in North America, Schlumberger’s CEO said.MarketWatch - Business -
Legacy Aerospace Contractors Orbits Stall as Military Shifts to Fast-Paced Satellite Manufacturing
Smaller startups are running rings against their larger competitors as changes in drafting and awarding lucrative government contracts fill the industry's horizon.Inc. - Business -
Nottingham Forest's points appeal hearing set for Wednesday
Nottingham Forest's appeal against their Premier League points deduction will be heard on Wednesday.BBC News - Top stories -
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 -
WSJ Dollar Index Rises 0.3% This Week
The dollar was flat Friday but edged 0.3% higher on the week, marking a second-straight weekly gain.The Wall Street Journal - World -
European carbon trading catching less than quarter of airline emissions, data finds
With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by systemFinancial Times - World -
Web3 Funding Spiked 58 Percent Last Quarter, but It Isn't Exactly Roaring Back Yet
Startups building cryptocurrency and blockchain tech are helping revive an embattled category.Inc. - Business -
NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
Three London Fashion Brands Coming to the U.S.: Hunza G, Rixo and Me + Em
Three beloved London brands are making their way across the Atlantic to stake a bricks and mortar presence in the United States.The New York Times - Lifestyle -
Vitesse Arnhem relegated from Eredivisie after 18-point deduction
Dutch club relegated in wake of Guardian and TBIJ investigationDocuments appeared to show financial ties to AbramovichThe Dutch football association has deducted 18 points from Vitesse Arnhem, officially confirming the club’s relegation, in the ...The Guardian - World -
Senate Boeing hearings open with fingers pointing back at FAA
Politico - Politics -
Shopify Just Revealed a New Points-System Approach to Pay Raises
Here's the secret: You're probably doing something similar.Inc. - Business -
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 -
Millennials Are Coming for Your Golf Communities
Living on golf courses has surged in popularity since the pandemic. Many courses have upgraded facilities and broadened amenities. Now the 40-year-olds want in too.The Wall Street Journal - World -
The EV Battery of Your Dreams Is Coming
Quiet developments signal that over the next five years we will see technological leaps.The Wall Street Journal - Tech -
‘Civil War’ has a stark warning for Washington
In the 2014 film “Ex Machina,” director Alex Garland offered a chilling forecast of a future dominated by unchecked artificial intelligence. The groundbreaking sci-fi thriller prompted us to consider what happens when such technology is developed ...The Hill - Politics -
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