Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
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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 -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
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 -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
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 -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.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 -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.CBS News - Top stories -
Do dogs need sunscreen? Here’s what vets say
Dog sunscreen protects pets from sunburn, skin cancer and sun damage. What kind of sunscreen is best for dogs, according to vets? Can I put human sunscreen on my dog?NBC News - Top stories -
Junior doctors talks need time and space, says health secretary
The health secretary says renewed negotiations should take place away from deadlines and social media.BBC News - Top stories -
There’s more good news on inflation. Americans may have a hard time believing it.
Purchasing power for the average household actually increased from 2019 to 2023, a government report found. But higher earners are still coming out on top.MarketWatch - Business -
Why a shift in market environment may make an ‘accident’ more likely
Markets are returning to the traditional relationship between stocks and volatility that leaves markets more prone to an accident, according to one market observer.MarketWatch - Business -
Israeli military says more troops to join Rafah operation
The Israeli military said Thursday that five soldiers were killed and seven injured in a friendly fire incident in northern Gaza, amid renewed battles in the area against regrouped Hamas militants.NBC News - Top stories - Israel -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
‘I’ll say a prayer’: Fury and Usyk eschew trash talk before heavyweight battle
Fighters respectful after discordant buildup to Riyadh bout‘I am excited … let’s make history,’ says Ukrainian UsykTyson Fury and Oleksandr Usyk were in no mood for needless chatter at the final press conference before they meet for Saturday ...The Guardian - World -
Middle East Crisis: Israel Says It Will Send More Troops to Rafah, Defying International Pressure
“This operation will continue,” the defense minister said after meeting with commanders in the area.The New York Times - World - Israel -
Walmart says more diners are buying its groceries as fast food gets pricey
Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.CNBC - Business -
The Latest | Israel says it will send more troops to Rafah, as fighting also rages in Gaza's north
Israel’s defense minister says the military will send more troops into Rafah, a city along Gaza’s southern border with Egypt, as fighting also rages in northern Gaza, where Hamas has regroupedABC News - World - Israel -
Walmart says more diners are buying its groceries as fast food gets pricey
Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity.NBC News - Top stories -
The number of child migrants arriving in an Italian city has more than doubled, a report says
An aid group says that the number of unaccompanied children who arrived in the northern Italian city of Trieste through the Balkan migratory route has more than doubled last yearABC News - World -
Family of Lewiston, Maine gunman testifies and says more could have been done
The family of the gunman who killed 18 people in Lewiston, Maine testified in front of a commission Thursday, saying more could have been done to help him and prevent the mass shooting.CBS News - Top stories -
Neuroscience Says 6 to 10 Minutes a Day Can Make You Smarter, More Focused, and Even Increase the Size of Your Brain
Surprisingly, one study shows that even two minutes of this type of activity provides clear cognitive benefits.Inc. - Business -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories