European Central Bank Signals Coming Rate Cut, Setting Up Split With Fed
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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 -
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 -
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 -
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 -
European airlines signal surge in ticket prices is near peak
Ryanair says ticket prices will either be flat or ‘modestly’ higher this summer than 2023Financial Times - Business - Travel -
With GTA 6 Release Coming Up, Take-Two Boss Talks About Setting Game Prices
With Grand Theft Auto VI's release coming up in late 2025, some are wondering if Take-Two might charge more than $70 for the game's standard edition. After all, Take-Two was among the first major companies to up the price of its topline games from ...GameSpot - Tech -
Gold Steady as Rate-Cut Hopes Wane
Gold was steady. After hitting new highs, gold “immediately withdrew back” as Fed speakers overnight warned that rate cuts are still some way down the road, DailyFX said.The Wall Street Journal - World -
Week Ahead for FX, Bonds: PMI Surveys, Asia Central Banks in Focus
Key data from the U.S., Europe and U.K. will share the stage with a raft of central bank decisions out of Asia-Pacific, as the timing of interest rate cuts stays front of mind for investors.The Wall Street Journal - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - 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 -
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 -
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 -
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 -
European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
ECB pressures banks to speed up Russia exits on fear of US action
Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s RaiffeisenFinancial Times - Business - Russia -
When to Treat Your 401(k) as a Bank. And When to Keep It Locked Up.
Higher interest rates make retirement-plan loans more attractive, but there are risks.The Wall Street Journal - World -
Efforts by JPMorgan's Jamie Dimon and other big-bank chief executives to resist Fed proposals that the lenders hold more capital appear to be paying off.
Efforts by JPMorgan’s Jamie Dimon and other big-bank chief executives to resist Fed proposals that the lenders hold more capital appear to be paying off.The Wall Street Journal - World -
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 -
Southampton set up final with Leeds for place in PL
Southampton moved a step closer to returning to the Premier League with a 3-1 home win over West Bromwich Albion in the second leg of their Championship playoff semifinal on Friday to reach the final by the same score on aggregate.ESPN - Sports -
Man City come up short in 'cruellest' WSL title race
They won 18 of their 22 Women’s Super League matches. They had the division’s top scorer and kept the most clean sheets. Yet for Manchester City, it was not enough.BBC News - Top stories -
Bryson DeChambeau puts on a show but somehow comes up short at PGA Championship
Bryson DeChambeau put on the kind of show, and got the sort of breaks, that make players larger than life and sometimes win them major championshipsABC News - Sports -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Trump-era tax cuts set to expire after 2025 — here's what you need to know
Several tax cuts enacted by former President Donald Trump are set to expire after 2025 without changes from Congress. Here's how it could affect your wallet.CNBC - Business -
Apple could owe you up to $349 in the iPhone 7 settlement. The deadline to register is coming up.
To qualify, you’ll need a piece of information from Apple.MarketWatch - Business - Apple -
WATCH: Zoo sets up new pulley system for giraffes
A newly installed pulley system at the Oakland Zoo allows giraffes to eat at a more natural height.ABC News - Top stories -
Warrington crush Huddersfield to set up Wigan Wembley date
Warrington run in eight tries to dismiss Huddersfield and set up a Challenge Cup final against Wigan.BBC News - Top stories -
PGA Championship: Logjam atop the leaderboard sets up fantastic Sunday
Collin Morikawa and Xander Schauffele are tied for the lead in the 2024 PGA Championship heading into Sunday's final round.Yahoo Sports - Sports -
Defense in Trump trial calls first witnesses during chaotic day in court
Robert Costello, a witness called by former President Donald Trump's defense team, was severely admonished by the judge over his behavior on the stand.CBS News - Politics - Donald Trump -
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 -
Zoom bumps its longer-term outlook higher, but near-term forecast comes up short
Zoom Video Communications Inc. on Monday bumped its full-year profit and sales forecast higher, after reporting first-quarter results that beat Wall Street’s expectations, helped by a broader artificial-intelligence rollout across the ...MarketWatch - Business -
Let Buffett’s Pilot truck stops set up EV chargers, not the government, GOP Sen. Tillis says
Washington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lot of chargers for electric vehicles, but Republican Sen. Thom Tillis of North Carolina said Thursday that he views that as a good feature of the law, ...MarketWatch - Business -
'They beat our ass': Wolves' rout of champs sets up a monster Game 7
After a resilient Game 6, the NBA's marquee series is headed for what could be an instant classic between Minnesota and the champs.Yahoo Sports - Sports - NBA -
New Disney Lorcana Ursula's Return Set Up For Preorder, Including Cooperative Card Game
Lorcana is gearing up for another expansion, with Ursula's Return arriving on May 31. Preorders are now available for a variety of Ursula's Return items, including starter decks, booster packs, and more. The most intriguing addition might be the ...GameSpot - Tech -
The Italian Open was where Zverev's career took off. Another title in Rome signals a career revival
Alexander Zverev put on a serving clinic in a 6-4, 7-5 win over 24th-ranked Nicolas Jarry to claim his second Italian Open title and earn his biggest trophy since tearing his ankle apart two years agoABC News - Sports -
The Office Follow-Up: Cast, Story, Setting, Potential Release Window, And Everything Else We Know
The Office is coming back (sort of) More than a decade after The Office ended in 2013 (and more than 20 years since the original BBC series), Greg Daniels is creating a follow-up to The Office. No, it's not a reboot or a revival that brings back ...GameSpot - Tech -
NFL schedule 2024: Teams with easiest road to playoffs based on schedule; Kirk Cousins' Falcons set up best
A look at the teams with the most -- and least -- favorable schedulesCBS Sports - Sports - NFL -
20 killed in central Gaza airstrike
Twenty people in central Gaza were killed following an Israeli airstrike on Sunday as fighting continued to ravage the region over the weekend. Records from the Al-Aqsa Martyrs Hospital showed that twenty people were killed in the airstrike ...The Hill - Politics