Key Words Fed Official Says He Gauges Inflation by the Price of Stouffer S Frozen Lasagna
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10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - Business - Japan -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - World - Japan -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - World -
What the GDP Report Says About Inflation: A Hot First Quarter
Thursday’s gross domestic product report suggests that a widely watched inflation reading due Friday could be worse than expected.The Wall Street Journal - World -
5th person charged in killing of 2 Kansas moms, officials say
Paul Grice, 31, was arrested and charged by Oklahoma authorities with murder and kidnapping in connection to the deaths of Veronica Butler and Jilian Kelley.CBS News - Top stories -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Hamas official says group would lay down its weapons if a two-state solution is implemented
A top Hamas political official has told The Associated Press the Islamic militant group is willing to agree to a five-year truce with Israel and that it will lay down its weapons and convert into a political party if an independent Palestinian ...ABC News - World -
Over 100 pilot whales beached on western Australian coast have been rescued, researcher says
A whale researcher says more than 100 long-finned pilot whales that beached on the western Australian coast have returned to sea, while 31 had died on the shoreABC News - World -
Over 100 pilot whales beached on western Australian coast have been rescued, officials say
Yahoo News - World -
Trump immunity case updates: Lawyer says assassinating rival could be 'official act'
The Supreme Court is hearing a historic case on whether Trump has immunity or can be criminally prosecuted over his efforts to overturn his 2020 election lossABC News - Top stories - Donald Trump -
One-word Ofsted grades should stay, says government
The government says the judgements are useful for parents, after MPs called for them to be scrapped.BBC News - Top stories -
Trump mocks Barr after endorsement, says he will remove 'lethargic' label
Former President Trump late Wednesday swiped at his one-time attorney general, Bill Barr, after Barr said he would support the GOP presidential ticket despite his criticisms. "Wow! Former A.G. Bill Barr, who let a lot of great people down by not ...The Hill - Politics - Donald Trump -
2024 NFL Draft: Marvin Harrison says he skipped combine, Pro Day because he 'trained to play football instead'
Harrison Jr. leaned on advice from his father, Colts legend Marvin HarrisonCBS Sports - Sports - NFL -
Spain's prime minister denies corruption allegations against his wife, but says he's considering resigning over them
Spain's prime minister denies corruption allegations against his wife, but says he's considering resigning over themABC News - World -
Spain's prime minister says he will consider resigning after wife is targeted by judicial probe
Spanish Prime Minister Pedro Sánchez has denied corruption allegations against his wife but says he will consider resigning after a judicial investigation was launched into accusations by a right-wing legal platform that she used her position to ...ABC News - World -
George Conway says he ‘almost felt bad’ for Trump’s lawyers at gag order hearing
Conservative attorney George Conway said Wednesday that he almost “felt bad” for former President Trump’s attorneys, as they argued Tuesday that the former president had not violated the gag order in his hush money trial. “I almost felt bad for ...The Hill - Politics -
Ex-minor league umpire sues MLB, says he was harassed by female ump, fired for being bisexual man
A fired minor league umpire sued Major League Baseball on Wednesday, claiming he was sexually harassed by a female umpire and discriminated against because he is male and bisexualABC News - Sports -
Knicks vs. 76ers: Tom Thibodeau discusses Game 2 controversy, says he 'knew they couldn't call a foul there'
New York's coach added he's more concerned with the '46-minute report' than the Last Two Minute ReportCBS Sports - Sports - NBA -
Ty Cobb responds to Giuliani indictment, says he 'sold his soul' for Trump
Former White House attorney Ty Cobb on Wednesday suggested that Rudy Guiliani "sold his soul" to protect former President Trump following an Arizona grand jury indictment charging him for his alleged role in a "fake elector" scheme. Cobb, in an ...The Hill - Politics - Donald Trump -
'Europe could die,' France's Macron says as he calls for stronger defense and economic reform
President Emmanuel Macron appealed for stronger, more integrated European defenses and said the continent must not become a vassal of the United States.NBC News - Top stories -
David Pecker testifies he bought McDougal story so it did not ‘hurt Trump campaign’ – live
Ex-National Enquirer publisher testifies that he bought the Karen McDougal story so it did not affect the outcome of the 2016 election . A guide to Trump’s hush-money trialWho is David Pecker, key witness in Trump’s criminal trial?“He said she was ...The Guardian - World - Donald Trump -
Stocks Fall After GDP, Inflation Data
Stocks fell sharply after data showed the U.S. economy slowed in the first quarter. Nasdaq posted the biggest losses as Meta dragged down the wider tech sector.The Wall Street Journal - World -
Gallego nabs two key Latino endorsements
Civil rights icon Dolores Huerta and the United Farm Workers (UFW), the union she founded alongside Cesar Chavez, on Wednesday endorsed Rep. Ruben Gallego (D-Ariz.) in his Senate bid. Endorsements from Huerta and the UFW, key players in the birth ...The Hill - Politics -
Metals Mixed Ahead of Key U.S. Data
Base metals prices ticked higher while gold fell slightly as traders awaited key U.S. economic and inflation data for further clues on the Fed’s monetary-policy trajectory.The Wall Street Journal - World -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.The New York Times - Business -
Chicago’s infamous sidewalk ‘rat hole’ removed by officials
City officials made the decision after saying the sidewalk in Roscoe Village was damaged and needed to be replaced. A Chicago sidewalk landmark some residents affectionately referred to as the “rat hole” has been removed after city officials ...The Guardian - World -
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.NBC News - Top stories - Federal Reserve -
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.The New York Times - Business - Federal Reserve -
Myanmar rebel group withdraws troops from key town on Thai border
An armed ethnic group in Myanmar has withdrawn its troops from a town along the Thai border following a counteroffensive by the ruling junta.NBC News - Top stories -
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.The New York Times - Top stories - Federal Reserve -
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.The Wall Street Journal - World -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
BYD Seal 2024 Review: Prices, Specs, Availability
A world-class sedan for the people, from China’s biggest name in EVs. It’s here to best Elon’s offering, and it may well be the car to do it.Wired - Tech -
German retirees will get an inflation-busting pension increase this year
Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rateABC News - World - Germany -
U.S. Economic Growth Slows to 1.6%, Inflation Stays Firm
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Senior Russian Military Official Held on Corruption Charges in Defense Deals
A deputy defense minister responsible for the armed forces’ most ambitious construction projects was arrested in the highest-profile corruption scandal Russia has seen in years.The Wall Street Journal - World - Russia -
Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai
U.S. Secretary of State Antony Blinken has raised what the U.S. describes as unfair Chinese trade practices in meetings with local government officials in the financial hub of ShanghaiABC News - World -
Middle East Crisis: U.S. and 17 Other Nations Call on Hamas to Release Hostages
“The fate of the hostages and the civilian population in Gaza, who are protected under international law, is of international concern,” the leaders said in a joint statement.The New York Times - World