Svb Bank Failure Shines Light on Dangers Lurking in Higher Interest Rates
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Golf has a ratings problem, and the Masters could shine a light on why viewers are tuning out
Golf has a ratings problemABC News - Sports -
Gaming festival shines a light on diversity
Two young gaming creatives talk about the changing face of the industry in a difficult year.BBC News - Top stories -
High Rates Have Been a Profit Machine For Banks. Not Anymore.
America’s biggest bank warned that it is starting to pay more on customer deposits.The Wall Street Journal - World -
Bank of America Earnings Drop, Under Pressure From Higher Rates
The bank reported an 18% drop in first-quarter profit, but still topped expectations with strong performances from its Wall Street and wealth-management operations.The Wall Street Journal - World -
The migrant story shining a light on Gulf states' exploitation
The film tells the story of a kidnapped migrant worker forced into slave-like labour as a goat herder.BBC News - Top stories -
Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool itABC News - Top stories -
Fed Vice Chair Jefferson says interest rates could stay higher for longer if inflation persists
Federal Reserve efforts to reduce inflation hit snagMarketWatch - Business - Federal Reserve -
Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100 tumbling – business live
IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points. Try the Be the Chancellor toolUK unemployment rate leaps to 4.2% amid fears of job cutsThe Resolution Foundation have dug into today’s UK jobs ...The Guardian - World -
Prima Wawona Collapse Shines Harsh Light on Private-Equity Owner
The fruit grower’s bankruptcy tops a series of setbacks for the agribusiness strategy of Paine Schwartz Partners.The Wall Street Journal - World -
New York Community Bank’s online arm is paying the nation’s highest interest rate
NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.CNBC - Business - New York -
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past.CNBC - Business -
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
The euro zone's central bank held interest rates steady for a fifth straight meeting.CNBC - Business - Federal Reserve -
What to expect from bank earnings as high interest rates pressure smaller players
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.CNBC - Business -
High interest rate anxiety
How long can the economy last without a recession?Financial Times - World -
Leak Shines Light on Tesla’s Self-Driving Taxi Plans, Canceled Cheap Car Project
The EV makers' global layoffs and robotaxi plans look like pillars of the company's future growth plans.Inc. - Business -
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.The Wall Street Journal - World -
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.The Wall Street Journal - World -
Wall Street’s Big Rethink on Interest Rate Cuts
Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.The New York Times - Business -
Are the odds of Fed interest rate cuts headed for zero?
Investors should consider whether the clock is running out for the Fed to ease policy this year.The Hill - Politics - Federal Reserve -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
Democrats bank on abortion in 2024 as Arizona and Florida push stakes higher
Focus on reproductive rights has yielded big wins and Democrats hope threat of more Republican bans will mobilize voters. Kamala Harris’s Friday visit to Arizona was planned before the state’s top court upheld a 160-year-old law that bans almost ...The Guardian - World - Abortion -
Morgan Stanley Earnings Rise on Higher Investment Banking Revenue
The company’s profit rose 14%, as investment banking received a boost from stronger equity and debt underwriting. Shares rose 2.7% premarket.The Wall Street Journal - World -
Bank of America's Q1 profits fall 18% on higher expenses, charge-offs
Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest ratesABC News - Top stories -
ECB leaves eurozone interest rates on hold but hints at cut this summer – as it happened
European Central Bank says rate cuts would be appropriate if inflation keeps falling, as BoE policymaker Megan Greene argues UK rate cuts are a way off. There’s takeover drama in the self-storage world this morning, as another UK company falls to ...The Guardian - World -
The migrant highway that could sway the US election
The Darién Gap has become a key migration route for people heading towards the USFinancial Times - Business -
Top commodities traders dismiss IPO route after bumper profits
Executives at Vitol, Trafigura and Mercuria say banks and export credit agencies have never been so keen to lend to themFinancial Times - Business -
Franklin, Apple TV+ — story of a polymath patriot who secured the future of America
Part biography and part costume drama, Michael Douglas plays Benjamin Franklin with twinkling mischiefFinancial Times - World - Apple -
China's Central Bank Holds Key Policy Rates
The People’s Bank of China kept key policy rates steady and drained liquidity from the banking sector as economic data shows fresh signs of weakness.The Wall Street Journal - World - China -
Investors wrongfooted as ‘higher for longer’ rates return to haunt markets
Analysts tear up interest rate forecasts as inflation proves more stubborn than most had expectedFinancial Times - Business -
Net interest income may have peaked for Wall Street banks
The flipside to higher rates is people want more for their savings, tooFinancial Times - World -
Bank of America tops estimates on better-than-expected interest income, investment banking
Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue.CNBC - Business -
Fed Governor Goolsbee Urges Rethink of Stationary Interest Rates
The head of the Chicago Fed wonders how long the central bank can leave interest rates alone before hurting the economy.Inc. - Business - Federal Reserve -
Biden says inflation report ‘may delay’ expected interest rate cut
President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could ...The Hill - Politics - Joe Biden -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
Resurgent inflation looms over Biden’s White House bid
Consumer prices are rising quickly at just the wrong time for the US presidentFinancial Times - Business - Joe Biden -
Hot inflation likely to delay interest rate cuts. Here's what to expect
Rate cuts may not begin this year, some experts said.ABC News - Top stories -
Interest Rates Have Investors Worried. Profits Give Them Comfort.
A stronger-than-expected economy portends fewer rate cuts this year as well as improving earnings.The Wall Street Journal - World -
Tory election hopes fade with prospects for interest rate cuts
Rishi Sunak hoped to go to the polls in the autumn with cheaper mortgages and lower taxesFinancial Times - Business -
What eight centuries of data tell us about interest rates
Research suggests that these have long been in steady declineFinancial Times - World -
ECB keeps interest rates on hold at 4% in contested decision
Some policymakers backed cut at Thursday’s meeting as bank signals it will consider such a step in JuneFinancial Times - World