Treasury Tells Congress It Will Suspend Some Federal Retirement Investments after Debt Limit Breach
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Spanish PM considers quitting as wife faces corruption investigation
Pedro Sánchez says he will announce decision on his political future next weekFinancial Times - Business -
TikTok reward-to-watch feature suspended after EU threats to block it
Service suspended in France and Spain amid safety and addiction concerns among children, in first use of new digital laws. A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the company shortly after ...The Guardian - World - Tiktok -
10-year Treasury yield slips after latest U.S. inflation report
U.S. Treasury yields fell on Friday as investors digested Thursday’s gross domestic product report and the PCE data.CNBC - Business -
'Stay strong,' parents tell Gaza hostage after video
Hamas issues a proof-of-life video of US-Israeli Hersh Goldberg-Polin, abducted on 7 October.BBC News - Top stories -
Marta to retire from Brazil squad after Olympics
Brazil's all-time top scorer in both men's and women's football, Marta, will retire from internationals this year, the striker said on Thursday.ESPN - Sports - Brazil -
Head of Federal Student Aid steps down after chaotic FAFSA season
The head of the Federal Student Aid (FSA) office Richard Cordray announced Friday he would step down from his role following the difficulties with the first season of the new Free Application for Federal Student Aid (FAFSA) forms. “My first day at ...The Hill - Politics -
Leader of Federal Student Aid Office Steps Down After FAFSA Crisis
During Richard Cordray’s tenure at the agency, the botched rollout of the new FAFSA upended the college admissions process.The New York Times - Top stories -
Spain’s PM suspends public duties to ‘reflect’ on future after wife is targeted by judicial probe
Spain's Prime Minister Pedro Sanchez said he would step back from public duties after a court launched a business corruption probe into his wife’s dealings.NBC News - Top stories -
Burkina Faso suspends BBC and Voice of America after they covered a report on mass killings
Burkina Faso has suspended the BBC and Voice of America radio stations for their coverage of a report by Human Rights Watch on a mass killing of civilians carried out by the country’s armed forcesABC News - World -
‘We were all set to enjoy our retirement’: My son invested in startups and we bailed him out with $100,000. What now?
“When we agreed to help, it was with the understanding that this debt would be paid back with his share of inheritance.”MarketWatch - Business -
Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot
Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%.MarketWatch - Business -
Treasury yields slip from 2024 highs after Fed’s favored inflation gauge meets expectations
Long-term Treasury yields finished off their highest levels of the year on Friday after the Federal Reserve’s preferred inflation gauge matched expectations, but they still notched their fourth straight week of advances.MarketWatch - Business -
Biden tells Howard Stern about feelings of suicide after first wife's death
President Biden joined radio host Howard Stern for a surprise live interview Friday, sitting down with the shock jock at his New York City studio for a roughly hour-long discussion about Biden's personal life and his presidency. In one of the more ...The Hill - Politics - Joe Biden -
Change Healthcare Grinds Through Massive Breach Probe
Two months after cyberattack, the claims tech company’s parent UnitedHealth Group works to identify the ‘substantial proportion’ of people in America whose personal data was compromised.The Wall Street Journal - World -
Dead whistleblower accused Boeing of safety breaches
John Barnett had been giving a formal legal deposition against the plane manufacturer before his sudden death.BBC News - Top stories -
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costsABC News - Top stories - Travel -
Supreme Court Seems Poised to Limit Trump Election Case After Immunity Hearing
Such a ruling would probably send the case back to a lower court and could delay any trial until after the November election.The New York Times - Top stories - Donald Trump -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Congress could finally take a stand on crypto
A U.S. stablecoin bill could come into focus in May that aims to create a new regulatory framework for digital assetsMarketWatch - Business -
Why now is a great time to consider debt relief
A debt relief service may be able to help you deal with mounting debt. Here's why now is a great time to sign up.CBS News - Top stories -
How to pay off $7,500 in credit card debt
Do you have $7,500 or more in credit card debt? Here are a few ways to pay it off quickly.CBS News - Top stories -
What to do if you are in debt and need help
What help and options are available to people struggling with debt repayments?BBC News - Top stories -
Congress passed a TikTok bill. Will the US really ban the app?
A bill passed by Congress and signed by Biden requires owner ByteDance to sell or face a US ban – it’s its biggest threat yet. Senate passes bill banning TikTok if parent company does not sell itThe House of Representatives passed a bill that ...The Guardian - World - Tiktok -
Fauci to testify before Congress for the first time since stepping down
Anthony Fauci, former chief medical adviser to President Biden, will testify before the House Select Subcommittee on the Coronavirus Pandemic on June 3, making it the first time he will appear before a congressional panel since leaving government ...The Hill - Politics -
Schumer Says Bill to Aid Ukraine and Israel Shows Congress Isn’t Broken
The majority leader says the measure to help Ukraine and other recent bipartisan efforts show there is a path to success on Capitol Hill. But deep partisan differences and institutional problems remain.The New York Times - Top stories - Ukraine -
Ex-McKinsey Consultant Says Firm Misled Congress onHandling ofOpioid Documents
Former McKinsey partner Arnab Ghatak sued the consulting firm, accusing it of making false statements about document retention after improperly deleting records while under government investigation.The Wall Street Journal - World -
Americans largely split on support for Ukraine aid as Congress passes deal: Survey
Americans are split about whether the United States should continue to send more aid to Ukraine for its war with Russia, despite Congress recently passing a bill to do so, a new survey found. The survey, conducted by YouGov, found that 28 percent ...The Hill - Politics - Ukraine -
The Hunt for a Retirement Keepsake
On a family trip to Switzerland, Joseph Barreto fell in love with an Omega Constellation.The New York Times - Lifestyle -
Burkina Faso suspends BBC over HRW report on alleged mass killings
Yahoo News - World -
Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech
ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.CNBC - Business -
Is it too late to invest in the gold rush?
Demand from China drove prices to a record high this month — now many suspect the normal rules no longer applyFinancial Times - Business -
Is it too late to invest in the gold rush?
Demand from China drove prices to a record high this month — now many suspect the normal rules no longer applyFinancial Times - World -
Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
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 -
Big asset managers adopt ‘vulture’ tactics in distressed debt fights
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolveFinancial Times - Business -
Big asset managers adopt ‘vulture’ tactics in distressed debt fights
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolveFinancial Times - Business -
U.S. 10-Year Treasury Yield Remains Near Multi-Month Highs
Treasury yields remained at multi-month highs they reached on Thursday, following weaker-than-expected first-quarter GDP and a stronger-than-expected acceleration in core PCE inflation.The Wall Street Journal - World -
Why Trump really could push the U.S. to default on its debt
If Trump is elected president in November, he will face the U.S. government’s growing debt burden. He might try to resolve the issue by defaulting.MarketWatch - Business - Donald Trump -
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.The Wall Street Journal - World -
Protesters Are Demanding Colleges Divest From Israel. Here's Why That's Not Happening.
Endowment chiefs say divesting would set a questionable precedent, prove challenging and raise fiduciary questions.The Wall Street Journal - World - Israel