Uk Lenders Increase Mortgage Rates after Gilt Yields Rise on Inflation Data
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Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - Business -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
Jeremy Hunt defends civil service job cuts to increase defence spending
Yahoo News - World - United Kingdom -
Tensions rise at college protests; Johnson calls for Columbia president to resign
Columbia University and other schools have taken steps to try to address students' concerns over safety and freedom of expression. Follow for live news updates.CNN - Top stories -
Does a fixed-rate HELOC make sense in today's elevated rate environment?
There are benefits to considering a fixed-rate HELOC in today's economic climate, but there are downsides, too.CBS News - Top stories -
New-car sales expected to tick higher as inventories, and deals, are on the rise
2024 is shaping up to be the best for new-car sales since 2019.MarketWatch - Business -
Speaker Johnson addresses rise of antisemitism on college campuses at Columbia: Watch live
House Speaker Mike Johnson (R-La.) will deliver public remarks during a visit to Columbia University Wednesday afternoon. Along with every Republican member of the New York congressional delegation, Johnson has also called for the resignation of ...The Hill - Politics -
Meta's Advertising Business Keeps Rolling as AI Aspirations Rise
Meta Platforms on Wednesday reported record first-quarter sales, with a 27% increase versus the year prior.The Wall Street Journal - World -
Meta’s Profits More Than Double, While Spending on A.I. Rises
The owner of Facebook, Instagram and WhatsApp continued to grow, even as it said it would spend billions of dollars more on artificial intelligence.The New York Times - Business -
Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.The Wall Street Journal - Tech -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
US House speaker jeered at Columbia as tensions rise over campus protests
Republican Mike Johnson criticized for ‘divisive’ trip as he calls for university president to quit and condemns ‘virus of antisemitism’. Student Gaza protests – live updatesMike Johnson, the Republican House speaker, was jeered by pro-Palestinian ...The Guardian - World - House -
Ford keeps EV losses in check, stock rises 3%
Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.MarketWatch - Business -
Botswana's foreign minister says UK also approached his country to take 'unwanted immigrants'
Yahoo News - World - United Kingdom -
Botswana's foreign minister says UK also approached his country to take 'unwanted immigrants'
Botswana’s foreign minister says his country was approached by the U.K. to take some of what he called their “unwanted immigrants” but declined the requestABC News - World - United Kingdom -
SpaceX Worker Injury Rates Are Alarmingly High for Second Year in a Row
Injury rates among SpaceX employees are as much as nine times higher than the industry average in some facilities.Inc. - Business -
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 -
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 -
On TikTok, Resignation and Frustration After Potential Ban of App
While Congress says the social app is a security threat, critics of the law targeting it say it shows how out of step lawmakers are with young people.The New York Times - Tech -
On TikTok, Potential Ban of App Leads to Resignation and Frustration
While Congress says the social app is a security threat, critics of the law targeting it say it shows how out of step lawmakers are with young people.The New York Times - Top stories -
Sharks fire Quinn after historically woeful season
The Sharks have fired coach David Quinn after two rough seasons as part of a massive rebuilding project.ESPN - Sports -
What’s next for TikTok after Biden approves ban
Video app vows legal battle to prevent effort to separate it from Chinese parentFinancial Times - Business - Joe Biden -
Biden speaks after signing $95 billion foreign aid package into law
President Biden spoke from the White House Wednesday after signing into law a $95 billion foreign aid package that will send money to Israel, Ukraine and Taiwan. The president had been pushing Congress on the legislation for months. CBS News chief ...CBS News - Top stories - Joe Biden -
Spanish PM considers quitting as wife faces corruption investigation
Pedro Sánchez says he will announce decision on his political future next weekFinancial Times - Business -
How Johnson and Biden locked arms on Ukraine
The planned vote on a foreign aid package is validation of a White House strategy to court the speaker behind the scenes while letting him find his own path.Politico - Politics - Joe Biden