Atlanta Fed’s Bostic: ‘Housing is unaffordable for far too many’
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Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Fed’s Bostic expects inflation to keep coming down — but slowly
The U.S. economy is slowing down, albeit at a glacial pace, and this should help inflation continue to gradually cool, Atlanta Federal Reserve Bank President Raphael Bostic said Monday.MarketWatch - Business -
Too Many Credit Cards? Here's How Visa Plans to Change That
The credit card company plans numerous technological innovationsthat will widen payment options and reduce the number of cards people carry in their wallets.Inc. - Business -
Treasury yields climb for third straight day after flurry of Fedspeak
Treasury yields ticked higher on Monday, rising for a third straight day as several senior Federal Reserve officials warned that the central bank likely faces a slower path toward reaching its inflation target.MarketWatch - Business -
Too Big or Not Enough? China Housing Bailout Treads a Fine Line
Beijing will try to provide enough support to absorb unsold apartments while not sparking a new bubble.The Wall Street Journal - World - China -
RenderATL is a tech conference dedicated to diverse perspectives in Atlanta
RenderATL is a different kind of tech conference that is far away from the tech heartland of Silicon Valley.VentureBeat - Tech -
Toronto homes are unaffordable, so I bought a houseboat for $250K—it's 'the best decision I ever made'
Real estate in Toronto was unaffordable for Kate Fincham till she found a houseboat: Now "I spend my summers going for sunrise kayaks and picnics at the beach."CNBC - Business -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Too bald, too mad, too red … How royal portraits get it so wrong
Jonathan Yeo’s divisive painting of the king raises the question of whether paintings of the monarchy have become irrelevant and anachronisitic. Why do reports always say that a portrait of someone great and good has been “unveiled”? The word is ...The Guardian - World -
Biden's Weekend Stops in Atlanta and Detroit Aim to Amp Up Black Voters
The president is set to give the commencement address at Morehouse College and speak at an NAACP dinner on Sunday, as support from a key constituency sags.The Wall Street Journal - World - Joe Biden -
Atlanta zoo set to return last giant pandas in US to China
Zoo Atlanta is preparing to send its giant pandas back to China, following suit with other states, the zoo confirmed Friday in a press release. “With the 2024 expiration of Zoo Atlanta’s giant panda agreement with China, preliminary plans are ...The Hill - Politics - China -
Many Armies Struggle for Recruits. In Sweden They Turn Them Away.
American and European militaries are straining to reinforce their ranks to deter Russia. Sweden’s answer is to conscript only the brightest and best.The Wall Street Journal - World -
OpenAI pauses use of voice that many compared to Scarlett Johannson's
OpenAI said Monday that it is pausing use of a voice in its projects that many people have compared to Scarlett Johansson's in the sci-fi dystopia movie “Her.”NBC News - Top stories -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
Yes, Women Have Midlife Crises, Too
Novelists are finally taking up the once taboo subject of menopause.The Wall Street Journal - World -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
Max Verstappen clinched Imola, but it was too close for comfort
Lando Norris pushed Imola winner Verstappen to the very end, setting up a thrilling finish.ESPN - Sports -
Has the US finally borrowed too much?
A conversation with Jason Furman about the limits of debtFinancial Times - Business -
Top tennis players say they're playing too much because the tournaments are too long
The long-sought upgrade for the tennis tournaments in Madrid and Rome has been a bonanza for the organizers by expanding them from one to nearly two weeksABC News - Sports -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
A New York man pleaded guilty to swindling people out of more that $1 million in a scheme that referenced the "Seinfeld" character George Costanza.CNBC - Business - New York -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -
GOP lawmaker on Feds, UFOs: 'Give us the information. Let us decide'
Rep. Tim Burchett (R-Tenn.) is calling on federal government leaders to declassify all documents related to unidentified aerial phenomena (UAP), arguing federal agencies must be transparent if they are going to be funding millions of dollars. ...The Hill - Politics -
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Křetínský’s Royal Mail deal is far from in the bag
Were overdue reforms to take place, then the Czech tycoon’s offer looks lowFinancial Times - Business -
Atlanta Dream moving two games vs Caitlin Clark-led Fever to NBA arena
To accommodate much larger crowds, the Atlanta Dream are moving their two regular-season home games against Caitlin Clark and the Indiana Fever to the downtown home of the NBA HawksABC News - Sports - NBA -
WNBA's Atlanta Dream to move two games against Indiana Fever to NBA Hawks' arena
Atlanta's regular WNBA venue is the smallest in the league, only seating 3,500CBS Sports - Sports - NBA -
Atlanta officer accused of killing Lyft driver allegedly said victim was ‘gay fraternity’ recruiter
An Atlanta police officer accused of murdering a Lyft driver allegedly said the victim was in a gay fraternity trying to recruit him.NBC News - Top stories -
Biden urges Atlanta voters to stand up against Trump: 'He's running for revenge'
President Biden during a campaign reception in Atlanta urged his supporters to stand up against former President Trump, as the two party front-runners head toward a rematch in November. Biden in remarks Saturday at Mary Mac's Tea Room, argued that ...The Hill - Politics - Joe Biden -
Many remember solid economy under Trump, but his record also full of hype, debt
Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hypeABC News - Top stories -
Thousands of children waiting too long for school support, BBC finds
Many councils in England are failing to meet legal deadlines to set out the extra help pupils need to access education.BBC News - Top stories -
Senate GOP fears Trump setting bar too low for Biden
Senate Republicans say former President Trump is making a mistake in setting too-low expectations for President Biden at their initial debate next month as he argues his successor at the White House “can’t put two sentences together.” They say ...The Hill - Politics - Joe Biden -
Too Racy for Times Square? An Ad for Lactation Cookies Is Replaced.
Clear Channel, which manages many of the advertisements in the area, said a provocative billboard for a Molly Baz recipe was “flagged for review.”The New York Times - Lifestyle -
This Is Hot Slaw. And Cleveland, Tenn., Wants You to Love It, Too.
A spicy, yellow dollop of cabbage slaw became Tennessee’s first official state food — then everyone had to learn what it was.The New York Times - Top stories -
Infected blood victims have waited too long - Shapps
Families have been let down over decades, says minister, ahead of a long-awaited inquiry report.BBC News - Top stories -
The Guardiola supremacy: how City became too good for their own good | Jonathan Liew
A seventh title in 10 years is proof of how incredible wealth has eroded any sense of competitive balance in the Premier League . Once more, without feeling. The sun rose on Sunday morning, the Earth completed one full rotation around its axis, ...The Guardian - World