Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
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Who has been player of the year? It's Garth's team of the season
Which players impressed our football pundit Garth Crooks enough to make his Team of the Season?BBC News - Top stories -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business -
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 -
Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.CNBC - Business -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
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 -
Higher Ed Has a Progressive Disease. Can It Be Reversed?
The prognosis seems grim, but I found signs of life as a proud father at Notre Dame’s commencement.The Wall Street Journal - World -
Slovak interior minister says that a ‘lone wolf’ who did not belong to political groups has been charged in shooting PM
Slovak interior minister says that a ‘lone wolf’ who did not belong to political groups has been charged in shooting PMABC News - World -
Drama at Trump trial as judge reprimands witness and clears court
"You don't roll your eyes at me," Justice Merchan barks at witness Robert Costello, in a dramatic moment in court.BBC News - Top stories - Donald Trump -
Federal Reserve Chair Jerome Powell working from home after positive COVID-19 test
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptomsABC News - Top stories - Federal Reserve -
Clemson's Dabo Swinney defends lack of transfer portal activity amid criticism: 'We've been very consistent'
It was always going to be difficult for Swinney to quicken Clemson's sonic-speed momentum gathered in the mid-2010sCBS Sports - Sports -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - 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 -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Treasury yields climb for third straight day after flurry of Fedspeak
Treasury yields ticked higher on Monday, rising for a third straight day as several senior Federal Reserve officials warned that the central bank likely faces a slower path toward reaching its inflation target.MarketWatch - Business -
Stock gains in the summer are weaker when the market has been strong
This year there’s even less of a reason to expect a summer rally.MarketWatch - Business -
Japan Government Bond Yields Climb on Expectations BOJ Could Reduce Bond Purchases
Japanese government bond yields rose on expectations the Bank of Japan could lower its bond buying in the coming months to support the weakening yen, Deutsche Bank Research said.The Wall Street Journal - World -
‘A history that’s been suppressed’: the Black cowboy story is 200 years old
Historians estimate a quarter of settlers of the US west were Black, moving cattle on horseback, settling towns and keeping the peace. When Larry Callies went to the movies as a boy in Rosenberg, Texas, the heroes riding horses and wearing ...The Guardian - World -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -
FDIC chair says he'll resign once successor is confirmed
Federal Deposit Insurance Corp. (FDIC) Chair Martin Gruenberg announced Monday he will resign once his successor is confirmed by the Senate after several reports documented a culture of sexual harassment, misconduct and retaliation at the agency ...The Hill - Politics -
British Museum says 626 items lost or stolen have been found
Museum chair George Osborne hails ‘remarkable result’ as recovery effort continues with leads on another 100. The British Museum has located another 268 items that went missing or were stolen from its storerooms, bringing the total number ...The Guardian - World -
The Nike Pegasus 41 shoe is coming in June, so the NFL Pegasus 40 has been marked down to $55
Ahead of the Nike Pegasus 41 launch, you can get last year's shoe in your favorite NFL team's colors for just $55.CBS Sports - Sports - NFL -
Tua Tagovailoa has been mostly absent from Dolphins activities as Miami QB looks for big next contract
Tagovailoa has skipped most voluntary OTAs over the past month as team prepares for him to play on fifth-year-optionCBS Sports - Sports - NFL -
The 401(k)’s success has been overlooked and the retirement plan will continue to help even more Americans
The 401(k) of 2024 is nothing like the 401(k) of 1984MarketWatch - Business -
Trump Trial Judge Clashes With Defense Witness: 'Are You Staring Me Down Right Now?'
Prosecutors rested their case in Trump’s hush-money trial after four days of testimony by Michael Cohen, onetime fixer to the former president.The Wall Street Journal - World - Donald Trump -
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 -
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 -
Democratic Senate campaign chair Sen. Gary Peters says he takes polls "with a grain of salt"
Sen. Gary Peters of Michigan, the chair of the Democratic Senate Campaign Committee, tells "Face the Nation" that he believes Democrats can be elected to the Senate from Arizona and Florida. "I take every poll with a grain of salt," Peters said.CBS News - Top stories -
The case against Julian Assange has been a cruel folly. His right to appeal is a small step towards justice | Duncan Campbell
Successive home secretaries and the courts have been spineless in pandering to the US government. Almost obscured on its perch outside the Royal Courts of Justice, amid the crush of camera crews and vociferous supporters of Julian Assange, was the ...The Guardian - World -
GOP lawmaker says Biden 'must've been jacked up' during State of the Union
Rep. Greg Murphy (R-N.C.) suggested in a Thursday interview that President Biden “must’ve been jacked up” during his State of the Union address, pointing to the president’s energetic performance. Murphy, co-chair of the GOP Doctors Caucus, said in ...The Hill - Politics - Joe Biden -
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 -
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 -
FTAV’s further reading
17 Mai; VC friends; leverage; used Teslas; elephant greetingsFinancial Times - World -
US military says the first truckloads of aid have been driven across a newly built US pier into the war-torn Gaza Strip
US military says the first truckloads of aid have been driven across a newly built US pier into the war-torn Gaza StripABC News - World -
Russia has advanced 10km towards Kharkiv, says Ukraine
Kyiv claims its forces have ‘stabilised’ Kremlin assault as it launches a massive drone counterstrikeFinancial Times - Business - Ukraine -
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Iranian President, Foreign Minister Killed in Helicopter Crash
Ebrahim Raisi’s death deprives Supreme Leader Ayatollah Ali Khamenei of a longtime ally as Tehran angles for regional dominance.The Wall Street Journal - World - Iran -
DR Congo army says it has thwarted attempted coup
The Democratic Republic Congo army said they have stopped an attempted coup involving Congolese and foreign soldiers.BBC News - Top stories -
Nepal's top cricket star has his 8-year sentence for rape thrown out and is cleared of all charges
A high court in Nepal has overturned an eight-year prison sentence for rape for the country’s star cricket player and former captain of the national team, and cleared him of all chargesABC News - World -
‘I stopped counting birthdays decades ago.’ This 65-year-old is financially independent and has no urge to retire.
Financial freedom allows him to focus on the pleasures of his job and hobbies.MarketWatch - Business