Oecd Calls on Central Banks to Keep Raising Rates
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Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
Blasts heard in central province of Isfahan
Blasts are heard in central Isfahan province, though it is not clear what might have been hit.BBC News - Top stories -
Attack blamed on IS militants kills 22 pro-government fighters in central Syria
An opposition war monitor and a pro-government media outlet say an attack on pro-government fighters by suspected members of the Islamic State group in central Syria killed 22 pro-government fightersABC News - World -
Mistral in talks to raise €500mn at €5bn valuation
One-year-old French start-up approached by multiple investors who view it as Europe’s answer to OpenAIFinancial Times - Business -
Tesla’s stock keeps getting cheaper — and Cathie Wood’s ETFs keep buying it
ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.MarketWatch - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Kerr: 'Lot of value' in keeping Dubs' core together
The hope within the Warriors is that the core of Klay Thompson, Draymond Green and Stephen Curry can remain intact despite missing the playoffs for the third time in five seasons.ESPN - Sports -
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 -
Abolishing IHT tax reliefs could raise £3bn, IFS finds
Eliminating Aim, business and pension scheme tax relief would make the scheme fairer, said the think-tankFinancial Times - World -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Chelsea’s £76.5m hotel deals raise questions over PSR compliance
Club’s losses reduced by property deal with sister companyChelsea would have lost £166.4m without hotel salesPremier League clubs reacted with exasperation after seeing that Chelsea eased their financial position with the £76.5m sale of two ...The Guardian - 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 -
Nasdaq, S&P 500Drop After Israel Strikes Iran
Stocks were mixed, with the Nasdaq in retreat and the Dow edging higher. The Nasdaq and S&P 500 were on track for weekly losses, extending an April slump.The Wall Street Journal - World - Iran -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
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 -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Top stories -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - 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 -
Why historic buildings keep catching fire during renovations
Denmark’s historic stock exchange is latest in a series of European monuments that burnt downFinancial Times - Business -
Kit Vintage Is a Secondhand Oasis in Los Angeles
A laid-back shop in Los Angeles is a semi-secret spot for celebrities and costume designers.The New York Times - Lifestyle -
Modi’s Power Keeps Growing, and India Looks Sure to Give Him More
Few doubt the popular prime minister will win a third term in voting that starts Friday. His strong hand is just what many Indians seem to want.The New York Times - World - India -
Battle of the Beaches: Greece Has New Plan to Keep Its Coasts Pristine
The government has pledged to crack down on rapid development, and on seaside businesses seeking to take advantage of a tourist boom. But some residents and conservationists are unimpressed.The New York Times - World -
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 -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Why the Fed Should Declare Victory and Cut Interest Rates.
Small business owners are being punished by the central bank's data obsession. We need 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 -
Victimise people who raise a voice in Britain? Then destroy their families? Not in my name | George Monbiot
Marcus Decker dared to protest on climate and was punished. Now he could be deported. Is that a humane democracy?. When the traditional ruling class was obliged to concede to demands for democracy, it gave away as little as possible. We could ...The Guardian - World -
Reince Priebus Was Pushed Out by Trump. Now He's Raising Money for His Coronation.
The former White House chief of staff, who has longtime Wisconsin ties, aims to bring in $70 million for the Republican convention in Milwaukee.The Wall Street Journal - World -
Shopify Just Revealed an Ultra-Competitive, 'Hunger Games' Style Approach to Pay Raises
It sounds horrible. Employees competing? But here's the secret: You're probably doing something similar.Inc. - Business -
Cinemark poised to reap the benefits of a better box office, says Wedbush, raising price target and estimates
Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.MarketWatch - Business -
Doctors call to expand syphilis testing during pregnancy amid recent surge
A coalition of doctors are sounding the alarm on the need for increased syphilis testing for pregnant individuals, amid a recent surge of the sexually transmitted infection in U.S. newborns. The American College of Obstetricians and Gynecologists ...The Hill - Politics -
Columbia University calls in police to break up pro-Palestinian protest
Clampdown on ‘disruptive’ demonstrations leads to more than 100 arrests as US campus tensions intensifyFinancial Times - World -
Starmer calls for police investigation into Tory MP Mark Menzies
Politician accused of using thousands of pounds given by donors for medical bills and personal expensesFinancial Times - World