Bank of England policymaker warns against cutting rates too soon
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Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Companies warn against immigration cuts as Trump plans crackdown
Business groups say US economy remains dependent on foreign workers as migration becomes election issueFinancial Times - World - Donald Trump -
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 -
Britain's inflation rate could be about to drop below the Bank of England's 2% target
The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.CNBC - Business - United Kingdom -
IMF warns Hunt against UK tax cuts as it flags £30bn funding gap
Fund says real departmental spending growth may rise at double the pace seen in official projectionsFinancial Times - Business - United Kingdom -
Japanese Yen Could Rise if Fed Cuts Rates
The Japanese yen could strengthen against the dollar if signs of a weaker U.S. economy allow the Fed to cut interest rates in September and December, Rabobank said.The Wall Street Journal - World - Federal Reserve -
Cities and towns provide kindergarten. They soon might fund child-care services for toddlers and infants too.
Across the country, there are too few affordable child-care spots for families who need them, in part because too few people are willing to do this important but challenging work for the low pay typical for the sector.MarketWatch - Business -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
Rates should be cut to 3.5% by end of 2025, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories -
Worldwide alert warns of violence against LGBTQ community
While the State Department bulletin is meant for overseas travel, there is concern of a domestic threat from ISIS, two sources told CBS News.CBS News - Top stories -
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 -
Treasury yields end lower for first time in four sessions amid dearth of U.S. data
Rates on U.S. government debt finished slightly lower in rangebound trading on Tuesday as investors eyed another batch of comments from Federal Reserve officials.MarketWatch - Business -
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.MarketWatch - Business -
England name Euro 2024 training squad: Marcus Rashford, Raheem Sterling, Jordan Henderson miss the 33-man cut
It's a new-look side for Gareth Southgate with a younger generation alongside stalwarts such as Harry KaneCBS Sports - Sports -
Sony Music Group warns more than 700 companies against using its content to train AI
One of the biggest record labels in the world is issuing notices warning hundreds of companies not to train artificial intelligence models on its content without permission.NBC News - Top stories -
EPA warns cyberattacks against water utilities more frequent and severe, urges steps to protect nation's drinking water
EPA warns cyberattacks against water utilities more frequent and severe, urges steps to protect nation's drinking waterABC News - Health -
EPA warns cyberattacks against water utilities more frequent and severe, urges steps to protect nation's drinking water
EPA warns cyberattacks against water utilities more frequent and severe, urges steps to protect nation's drinking waterABC News - Tech -
More Northern Lights soon as Sun storms strengthen
Another spectacular light show could come within two weeks as Sun storms reach 11-year high.BBC News - Top stories -
Closing arguments expected soon in Trump criminal trial
Former President Donald Trump's New York criminal trial is getting back underway in Manhattan Monday with more testimony from former Trump lawyer Michael Cohen. The case is expected to wrap up soon after Cohen's time on the stand. CBS News ...CBS News - Top stories - Donald Trump -
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 -
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.The Wall Street Journal - World -
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 -
Soon-to-be grandparents have the most joyous, delightful reaction to baby news
A couple had the most over-the-top and ecstatic reaction to learning they were going to become grandparents.NBC News - Top stories -
Marijuana may soon be a Schedule III drug: What will change?
The Justice Department took a major step this week, formally moving to reclassify marijuana as a less dangerous drug. The process isn't finalized yet, but if approved, the plan would drop marijuana from a Schedule I drug to a Schedule III.The Hill - Politics -
Google Search’s New AI Overviews Will Soon Have Ads
Google is set to start mixing ads into its new AI-generated search answers. It’s a test of how the company’s biggest revenue stream can adapt to the age of generative AI.Wired - Tech - Google -
Call Of Duty Brings Back The Boys DLC Soon, Along With These Unexpected Bundles
Activision has announced the next store bundles for Call of Duty as part of the big Season 4 launch, and the lineup includes the return of Activision's partnership with Prime Video's TV show The Boys and more.. Five store bundles themed around The ...GameSpot - Tech -
C.D.C. Warns of a Resurgence of Mpox
A deadlier version of the infectious disease is ravaging the Democratic Republic of Congo, while the type that caused a 2022 outbreak among gay and bisexual men is regaining strength.The New York Times - World -
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 -
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What a Spanish bank mega-deal means for TSB
After BBVA’s bid, Sabadell is under pressure to prove it makes sense for a Spain-focused bank to own the midsize UK lenderFinancial Times - Business