Bank of Korea Stands Pat, Keeping Guard Up Against Inflation
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Biden Warns Mexico Against Letting Chinese EV Makers Set Up Shop There
The administration's aggressive moves against cheap Chinese imports addresses a possible loophole that could be used to evade new high tariffs.Inc. - Business - Joe Biden -
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US Treasury threatens Austria’s Raiffeisen Bank over Russia unit
Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctionsFinancial Times - Business - Russia -
Soros Fund Management dumps New York Community Bank stake
Soros Fund Management eliminated its stake in New York Community Bank, a regulatory filing shows.MarketWatch - Business - New York -
Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.The New York Times - Business -
‘We have to do what we have to do’: Israel’s Netanyahu stands firm on Rafah offensive despite U.S. tensions
Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military operation in Rafah in the Gaza Strip.CNBC - Business - Israel -
'These young kids, they have no fear': Kyrie Irving, the last of the NBA playoffs' old guard
The older generation of superstars is gone, bounced from the postseason -- with one exception.ESPN - Sports - NBA -
Here's the inflation breakdown for April 2024 — in one chart
The consumer price index rose 3.4% in April from a year earlier, marking a decrease from March, according to the Bureau of Labor Statistics.CNBC - Business -
Bill Ackman’s Pershing Square dumps stake in Lowe’s, keeps Google
Home-improvement retailers are in the spotlight as mortgage rates stay highMarketWatch - Business - Google -
Ben Carson keeps his distance as other VP contenders audition for Trump
Ben Carson remains in contention to be Trump's VP pick, even as others throw themselves more forcefully into public auditions for the job.NBC News - Politics - Donald Trump -
America is pulling up the drawbridge
The nation is growing tired of upholding the economic rules it laid out for the world after 1945Financial Times - Business -
U.S. announces new sanctions against Nicaragua
Some of the new sanctions are being taken to address "significant concern" about the Nicaraguan government's "continued repression" of the Nicaraguan people.CBS News - Politics -
Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
US stocks close at record high on slower pace of inflation
Investors increase bets on Fed’s interest rate cuts this year as price growth moderatesFinancial Times - Business -
Inflation Moderated Slightly in April, Offering Some Relief for Consumers
Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.The New York Times - Business -
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
Yen’s weakness drives up prices of imported food and gasoline.The Wall Street Journal - World - Japan -
Traders examine interest rate bets after inflation updates
Also in this newsletter: Putin hits out at west, Slovak PM shot, measuring productivity in the officeFinancial Times - World -
S&P 500 Pushes Past Previous Record After Inflation Report
Investors seized on the latest inflation report as another sign that interest rates could be cut this year, helping push the S&P 500 past its March record.The New York Times - Business -
Smartphones Can Now Last 7 Years. Here’s How to Keep Them Working.
Google and Samsung used to update smartphone software for only three years. That has changed.The New York Times - Tech -
Orioles rally past Blue Jays with Adley Rutschman walk-off to keep 105-series sweepless streak alive
The Orioles, who have gone 105 straight series without being swept, are on pace to surpass the all-time record shortly after the All-Star break.Yahoo Sports - Sports - MLB -
2024 NFL schedule release, Week 1 odds, picks: Aaron Rodgers, Jets keep it close vs. 49ers in primetime
Here's an early look at the Week 1 odds for the 2024 seasonCBS Sports - Sports - NFL -
As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
Analysts say the relationship is nuanced, deeper than a "marriage of convenience," and complex on a number of fronts.CNBC - Business - China -
2 journalists in detention in Tunisia as authorities launch wave of arrests against critics
Two Tunisian journalists are kept in pre-trial detention as authorities continued a wave of arrests targeting perceived critics of President Kais Saied's governmentABC News - World -
UN agency authorizes second vaccine against dengue amid outbreaks in the Americas
The World Health Organization has authorized a second dengue vaccine, a move that could provide protection for millions worldwide against the mosquito-borne disease that has already sparked numerous outbreaks across the Americas this yearABC News - Health -
Protests against Israel's war in Gaza rattle colleges across the US
Colleges and universities held graduation ceremonies this weekend as pro-Palestinian protests continued on campuses across the US. Follow for live updates.CNN - Top stories - Israel -
Federal prosecutors reissue criminal charges against ex-Rep. Jeff Fortenberry
The Nebraska Republican was convicted of lying to the FBI two years ago, but an appeals court ruled the charges should’ve been brought in a different venue.Politico - Politics -
U.S. removes Cuba from list of countries not cooperating fully against terrorism
The U.S. removed Cuba from a short list of countries the United States alleges are “not cooperating fully” in its fight against terrorism, a State Department official said on Wednesday but it's still listed as a State Sponsor of Terrorism.NBC News - Politics -
'Glow up' for Bridgerton stars as new season starts
Colin and Penelope's relationship is at the centre of the third season of Netflix's period drama.BBC News - Top stories -
Resold police guns end up in criminal hands
A new CBS News investigation finds thousands of guns once owned by law enforcement have turned up at crime scenes across the country. National investigative correspondent Stephen Stock reports.CBS News - Top stories -
High inflation harms older households — and two factors determine who is most at risk, research finds
Retirees and near retirees face unique dilemmas when it comes to trying to make their money last amid rising prices.CNBC - Business -
Bitcoin is having its best day since March following cooler April inflation reading
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.CNBC - Business - Crypto -
Bond-market rally may not be over after inflation report brings ‘massive relief’
The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.MarketWatch - Business -
Ministers split over aid for Titanic shipbuilder Harland & Wolff
UK chancellor ‘dragging feet’ over £200mn package for Belfast groupFinancial Times - World -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.CNBC - Business -
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Menendez "put his power up for sale," prosecutor argues in bribery trial
A lawyer for New Jersey Sen. Bob Menendez sought to pin the blame on his wife, Nadine Menendez.CBS News - Politics -
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Angel Reese pulls up fitted for her WNBA debut in Dallas
Angel Reese, the Sky's ninth overall pick of the 2024 draft, is ready for her first professional gameYahoo Sports - Sports - WNBA -
'Shiver up the spine': Leagues weigh betting risks after Porter scandal
Sportsbooks say legal betting allows for greater transparency, but is the new market causing the issues?ESPN - Sports