Latest in Dollar hits 2 year high after robust US data pares back bets on rate cuts
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Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - 5d -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - 5d -
'Music is back' as vinyl and streaming help sales hit a 20-year high
Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.BBC News - 5d -
Tents arrive for survivors of quake that hit holy city in freezing high-altitude Tibet, killing 126
Rescue workers in the freezing, high-altitude Tibet region are searching for more survivors and victims, one day after a strong earthquake leveled thousands of houses and killed at least 126 people ...ABC News - 5d -
Nippon Steel bets on Trump to salvage $15bn US deal
Japanese company and target US Steel have also sued the Biden administration and rival Cleveland-CliffsFinancial Times - 5d -
Alaba back in Madrid squad after year-long layoff
David Alaba has returned to the Real Madrid squad ahead of the Spanish Supercopa semifinal against Mallorca following a year-long layoff due to injury.ESPN - 5d -
US stocks slide as strong data sends Treasury yields higher
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figuresFinancial Times - 5d -
Is a 2-year CD still worth opening?
A 2-year CD can still be valuable for many savers, even at a slightly lower interest rate. Here's why.CBS News - 5d -
Trudeau hits back at Trump on Canada annexation: 'There isn't a snowball's chance in hell'
Outgoing Canadian Prime Minister Justin Trudeau hit back Tuesday at President-elect Trump over his threats to annex America's northern neighbor. “There isn’t a snowball’s chance in hell that Canada ...The Hill - 5d -
Emirati billionaire investing $20B in US to build data centers
President-elect Trump announced Tuesday that Emirati billionaire Hussain Sajwani plans to invest $20 billion in the United States “over a very short period of time” to build data centers across the ...The Hill - 6d -
Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - 6d -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - 6d -
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - 6d -
Boeing Looks Back on a Turbulent Year
A year ago, a side panel on one of its 737 MAX planes blew off in midair, sending Boeing into a financial, industrial, and existential crisis.Inc. - 6d -
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Starmer hits back at Musk over comments on historic sex abuse cases
UK prime minister says ‘line has been crossed’ as Emmanuel Macron also expresses alarm about billionaire’s interventionsFinancial Times - Jan. 6 -
Donald Trump denies he will pare back aggressive tariffs plan
Washington Post report said aides were aiming to target only critical imports but president-elect calls it ‘fake news’. President-elect Donald Trump on Monday denied a newspaper report that said ...The Guardian - Jan. 6 -
UK high-speed rail line told to cut charges
Regulator rules fees should come down by 3.8% compared with HS1’s proposalFinancial Times - Jan. 6 -
Harris to certify Trump's US election win, four years after Capitol riot
Monday's session in Congress comes on the anniversary of violence by Trump supporters on 6 January 2021.BBC News - Jan. 6 -
U.K. Prime Minister Keir Starmer hits back at Elon Musk
Britain's Prime Minister Keir Starmer hit back at Elon Musk on Monday after the world's richest man repeatedly lobbed a host of inflammatory allegations at the country's leader over the past week.CBS News - Jan. 6 -
Dollar drops on reports Trump will scale back tariff plans
Shares in European carmakers rally on hopes new US administration targets only critical importsFinancial Times - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
Live updates: US reels after New Year’s attacks; 119th Congress kicks off
In the past week, the U.S. saw a pair of New Year’s Day attacks in Nevada and Louisiana that took multiple lives and injured dozens, and the 119th Congress kicked off with a packed first day. ...The Hill - Jan. 5 -
Hamza Igamane’s hat-trick not enough as Hibs hit back in thriller with Rangers
Hamza Igamane’s hat-trick was not enough to secure victory for Rangers as Rocky Bushiri’s late header earned a dramatic 3-3 draw for in-form Hibernian. Gers looked on course to follow up their 3-0 ...The Guardian - Jan. 5 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
Sunday shows preview: US reels after New Year's attacks; 119th Congress hits ground running
The U.S. is reeling from a pair of New Year’s Day attacks in Nevada and Louisiana that have taken multiple lives and injured dozens. Authorities said the suspect in the New Orleans terror attack, ...The Hill - Jan. 4 -
US homebuilder shares slide on fears of higher rates and Trump tariffs
Threat of rising costs brings post-pandemic rally to a haltFinancial Times - Jan. 4 -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Jan. 4 -
'Strewth!' - Pant hits Starc for back-to-back sixes to reach 50
India's Rishabh Pant hits Mitchell Starc for back-to-back sixes to reach his half-century from only 29 balls against Australia in Sydney.BBC News - Jan. 4 -
Louisiana boy rewarded after giving away his only dollar
Nine-year-old Kelvin Ellis Jr. of Baton Rouge, Louisiana, had only $1 to his name, but chose to give it away to a man he mistook as homeless. That single act of generosity sparked a friendship he ...CBS News - Jan. 3 -
Cheney hits back at Trump: 'You can't change the truth'
Former Rep. Liz Cheney (R-Wyo.) clapped back a President-elect Trump after he blasted President Biden for awarding her and Rep. Bennie Thompson (D-Miss.) the Presidential Citizens Medal this week. ...The Hill - Jan. 4 -
U.S. Car Sales Hit a Five-Year High in 2024
Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.Inc. - Jan. 3 -
SPFL appeals for witnesses after Engels hit by coin
The Scottish Professional Football League has appealed for fans to contact Police Scotland with information that will help find whoever threw a coin that struck Celtic midfielder Arne Engels during ...BBC News - Jan. 3 -
WWE begins its Netflix era after years of controversy, drama and ratings
On Monday, WWE "Raw" will stream exclusively on Netflix. The wrestling franchise is hoping for a huge global and multigenerational audience following years of success on TV and drama inside and ...Los Angeles Times - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
10-year Treasury yield ends not far from 7-month high as new trading year begins
Yields on U.S. government debt ended little changed on Thursday, leaving the benchmark 10-year rate near its highest level since late May.MarketWatch - Jan. 2 -
U.S. dollar index hits more than two-year high as markets brace for Trump return
Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.CNBC - Jan. 2 -
US Teenager Fighting for His Life After Father and 2 Others Killed in Mexico
Jason Peña, now 14, was shot in the head on a highway in the state of Durango, a family spokeswoman said. His father and uncle, both U.S. citizens, and a Mexican relative were also killed.The New York Times - Jan. 2 -
NBA Power Rankings: Celtics and Clippers riding high into the new year
Our NBA insiders break down this week's Power Rankings and where all 30 teams stand heading into 2025.ESPN - Jan. 2 -
Cruise ship stomach bug illnesses hit 12-year high: CDC
Cruise ships saw the highest number of stomach bug illnesses since 2012 with 16 outbreaks that impacted 1,894 passengers.The Hill - Jan. 2