Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call
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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 -
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 -
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 -
Micron’s stock rises as Morgan Stanley admits its bearish stance ‘was a mistake’
An analyst said he failed to properly appreciate how high-bandwidth memory would drive stock momentum.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 -
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 -
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 -
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 -
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 -
Target’s price cuts imply earnings may be a concern — but UBS says don’t worry
“Our take is that these actions are a sign of strength, not a signal of vulnerability,” a UBS analyst wrote about the retailer’s price cuts.MarketWatch - Business -
One of Wall Street’s last remaining bears, Morgan Stanley, has finally capitulated. Here’s its new S&P 500 target.
Morgan Stanley’s Mike Wilson sees S&P 500 at 5,400 by second quarter of next yearMarketWatch - Business -
The WSJ Dollar Index Falls 0.1% to 99.27
The WSJ Dollar Index was down 0.1% to 99.27 — and is down for five of the past seven trading days.The Wall Street Journal - World -
Labor unions call for repeal of Trump tax cuts
Top U.S. labor unions are saying they’ve had enough of the Trump tax cuts and want them repealed. Unions including the United Auto Workers (UAW), the AFL-CIO, the Service Employees International Union (SEIU), the Screen Actors Guild (SAG-AFTRA), ...The Hill - Politics - Donald Trump -
Southgate's 'difficult calls' to select England squad
England manager Gareth Southgate explains why Marcus Rashford and Jordan Henderson have been left out of his provisional 33-man squad for Euro 2024.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 -
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 -
Arab League Calls for U.N. Peacekeepers in Gaza and the West Bank
Any use of U.N. forces would have to be approved by the Security Council. “There first has to be peace to keep," said a U.N. spokesman.The New York Times - World -
Biden takes credit for Target grocery price cuts: 'They're answering the call'
Target announced price cuts on roughly 5,000 items, which Biden says is because of his administration's pressure campaign.CNBC - Business - Joe Biden -
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 -
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 -
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Strategies to Retain Gen Z Candidates
As the newest cohort in the workforce, Gen Z brings unique values, preferences, and expectations, requiring a fresh perspective on retention strategies.Inc. - 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 -
Senate Banking chief calls on Biden to replace FDIC chair after sexual harassment probe
Senate Banking Committee Chair Sherrod Brown (D-Ohio) called on President Biden on Monday to replace the chair of the Federal Deposit Insurance Corporation (FDIC) in the wake of reports of a toxic workplace environment at the agency. Brown is the ...The Hill - Politics - Joe Biden -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
Islamic Jihad leader killed in West Bank and 70 targets hit in Gaza, says Israel
IDF says ‘senior terrorist operative’ Islam Khamayseh was killed in strike on the city of Jenin. Israel says its jets have struck 70 targets across Gaza in the past 24 hours, while an airstrike in Jenin killed a “significant” Islamic Jihad figure ...The Guardian - World - Israel -
Bad weather may be cause of Iran helicopter crash, expert says
ABC contributor Col. Steve Ganyard, a former fighter pilot and a former State Department official, weighs in on what may have caused Iran helicopter crash.ABC News - Top stories - Iran -
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States have legal duty to cut greenhouse emissions, says top maritime court
Wealthy states must cut emissions faster than their developing peers, court says, in major step for climate justice. Greenhouse gases are pollutants that are wrecking the marine environment, and states have a legal responsibility to control them, ...The Guardian - World -
JuJu Smith-Schuster says he's 100% healthy after knee issues plagued first season in New England
Smith-Schuster struggled after signing with the Patriots last offseasonCBS Sports - Sports -
Baby Reindeer 'a big problem' for Netflix and Gadd - Morgan
Journalist Piers Morgan says there are issues to be addressed by the programme makers.BBC News - Top stories - Netflix -
WNBA says all teams will be flying charters to games by May 21 after rough program rollout
For W players still stuck flying commercial, May 21 can't come fast enough.Yahoo Sports - Sports -
May 17 is your last chance to claim your 2020 tax refund — the median payment is $932, IRS says
There is no late filing penalty if you're owed a tax refund. Roughly 940,000 taxpayers could surrender their 2020 refund payment if they don't file by May 17.CNBC - Business -
BMW, Jaguar and VW Parts May Have Been Made With Forced Labor, Senate Report Says
The report from Senate Finance Committee Chair Ron Wyden says automakers aren’t doing enough to root out the use of forced labor in their supply chainsThe Wall Street Journal - World -
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Ether may rally over 75% if SEC approves the crypto-based ETF, says AllianceBernstein
Ether may rally more than 75% if an exchange traded fund investing directly in the crypto is approved, according to AllianceBernstein.MarketWatch - Business -
Turbulence-related deaths are rare, but climate change is making for bumpier air travel
One passenger died and 30 others were injured aboard a Singapore Airlines flight that was hit by "severe turbulence," officials said Tuesday, but experts say such deaths are rare even as researchers warn climate change may be causing more extreme ...NBC News - Top stories - Climate