Inflation in New Zealand Eases But Near Term Rate Cuts Unlikely
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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 -
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 -
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 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 -
Iron Ore Edges Lower in Possible Technical Correction
Iron ore futures were slightly lower in Asia in a possible technical correction, after prices rose following China’s announcement on Friday of a major property policy change.The Wall Street Journal - World -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Nikkei Falls 0.3%, Dragged by Real-Estate, Machinery Stocks
Japanese stocks ended lower, dragged by falls in real estate and machinery stocks, amid continued concerns about higher borrowing costs.The Wall Street Journal - World -
German Bunds Seen More Attractive Than U.S. Treasurys in Near Term
German Bunds look to offer more value versus Treasurys during the countdown to ECB interest-rate cuts, but major rallies in Bunds are unlikely, Societe Generale said.The Wall Street Journal - World - Germany -
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 -
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 -
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 -
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 -
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 -
Mets reportedly offered Pete Alonso a long-term extension last summer; superstar slugger nearing free agency
The Mets attempted to lock in Alonso for less than either Matt Olson or Freddie Freeman receivedCBS Sports - Sports -
New Zealand and Australia sending planes to evacuate nationals from New Caledonia's unrest
New Zealand and Australia sending planes to evacuate nationals from New Caledonia's unrestABC News - World - New Zealand -
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New Caledonia unrest: Australia and New Zealand sending evacuation flights for stranded tourists
France gives clearance for several planes to bring home travellers stuck in French Pacific territory in wake of violent protests. People in New Caledonia: how have you been affected by the riots?Why is there unrest in New Caledonia? Everything you ...The Guardian - World - New Zealand -
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The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
More valuable than gold: New Zealand feather becomes most expensive in the world
The well-preserved huia bird feather was expected to fetch up to NZD$3,000 but ended up selling for more than NZD$46,000. A rare and highly prized feather from the extinct New Zealand huia bird has sold for NZD$46,521 (US$28,365), making it by far ...The Guardian - World - New Zealand -
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 -
New study focuses on long term use of weight loss drug Wegovy
The study looked at whether people on the drug maintained their weight loss.ABC News - Top stories -
Test Scores Down, GPAs Up: The New Angst Over Grade Inflation
Teachers say they have to balance “giving grace” to struggling students with maintaining high expectations.The Wall Street Journal - World -
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 -
Justin Simmons remains unsigned, with Broncos unlikely to bring him back
On our list of this offseason's Top 100 free agents, only four of the Top 50 are still available.Yahoo Sports - Sports -
White House Considers Easing Sanctions on Israeli Billionaire
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.The New York Times - Top stories - Israel -
Justice Department moves forward with easing restrictions on marijuana
The Justice Department officially proposed a new rule on Thursday that would reclassify marijuana as a Schedule III drug.CBS News - Top stories -
Canadian Pacific Kansas City Says Railroad Strike Unlikely in Next 60 Days
The timing of the labor-relations board decision could push back the timing of simultaneous walkouts by over 9,000 unionized workers.The Wall Street Journal - World -
Who pays for long-term care?
People are confused and overestimate Medicare’s role in paying for long-term careMarketWatch - Business -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - World - Israel -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - Business - Israel -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
Electric pulses help Melanie move her hand better 14 years after breaking neck
One patient who lost movement in her hand can now use it to scroll on a smartphone.BBC News - Top stories -
Romney says he laughs at term 'America first'
Sen. Mitt Romney (R-Utah) said that he laughs at the term “America first,” an increasingly common phrase heard in the Republican Party regarding U.S. foreign policy that he finds “disorienting.” Romney said during an interview with MSNBC’s “The ...The Hill - Politics -
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 -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business