Powell Talks Up Progress, Putting Rate Cuts Back Into View
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CBS News - Top stories
Gaza cease-fire talks progressing, officials indicate
A senior U.S. official said Saturday that the response from the militant group Hamas to an existing cease-fire proposal in the war with Israel "may provide the basis for closing the deal." The details of the cease-fire plan were initially outlined ... -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
The Wall Street Journal - World
Metal Prices Mixed; Gold Slips Slightly But Base Metals Rise
Base metals prices were higher while gold futures ticked lower but broadly holding ground, supported by rising jobless claims, which weighed on investor belief in a still-hot U.S. labor market, SP Angel said. -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
Financial Times - Business
ECB minutes reveal doubts over rate cut
Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction -
The Wall Street Journal - World
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates.
The Nasdaq and S&P 500 gained 0.9% and 0.5% Friday to close out the week at fresh highs while the Dow edged higher after the jobs report shored up hopes that the Fed will cut rates. -
The Wall Street Journal - World
Biden Presses Netanyahu to Close Cease-Fire Deal After Talks Show Progress
An embattled U.S. president pressed the Israeli prime minister to hammer out a Gaza cease-fire deal, saying now is the time to save the lives of hostages held by Hamas.Joe Biden -
The Wall Street Journal - World
Gold Futures Near Two-week Highs on Hopes for US Rate Cuts
Gold futures rose, nearing a two-week high, amid growing investor optimism for a U.S. interest rate cut. -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
The New York Times - Business
Investors Bet on Rate Cuts as Recent Data Suggests Slowdown
Markets are expecting the Federal Reserve to make roughly two reductions of a quarter-point each this year. -
CBS News - Top stories
Hiring in the U.S. slowed in June, raising hopes for interest rate cuts
Employers added 206,000 jobs last month and the unemployment rate edged higher to 4.1%. -
The Wall Street Journal - World
Nasdaq Rises After Jobs Report Keeps Rate Cuts in Play
The S&P 500 and Nasdaq Composite were poised to hit fresh closing peaks, after reaching new records ahead of the Fourth of July holiday. The Dow industrials were roughly flat. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
The Wall Street Journal - World
Weak Labor Market to Offer Bank of Canada Comfort on July Rate Cut
A weak employment report for June should provide comfort to the Bank of Canada about following up June’s interest rate cut with another reduction in July, says CIBC Capital Markets. -
CBS News - Top stories
June jobs report signal possible interest rate cut later this year
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers ... -
The Wall Street Journal - World
Case for September Rate Cut Builds After Slower Jobs Data
The U.S. economy added a solid 206,000 jobs last month. But the unemployment rate ticked up to 4.1%, a sign of slack in what has been a strong labor market. -
The New York Times - World
The Windmills Are Back Up on the Moulin Rouge
The Paris landmark has completed its restoration after the blades fell off this spring — and just in time for the Summer Olympic Games to begin. -
Financial Times - World
UK consultant numbers shrink as companies cut back on external advice
Headcount fell 3 per cent last year with firms axing jobs and moving staff as post pandemic boom fadesUnited Kingdom -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
CNBC - Business
Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko. -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 99.83
The WSJ Dollar Index was down 0.2 to 99.83 — down for four consecutive trading days. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve -
CBS Sports - Sports
Warriors have quietly had a strong summer, but Lauri Markkanen would put them back in title contention
Mike Dunleavy Jr. has beefed up Stephen Curry's support staff, but the Dubs could still use a second star -
The Guardian - World
Remco Evenepoel in bloom can put a Belgian back on top of Tour de France | William Fotheringham
Young rider has an ace up his sleeve after winning on Friday with final stage set for time trial for the first time since 1989. Naming famous Belgians is a pub quiz staple, but for cycling fans, there is a more intriguing piece of trivia. Your ... -
The Wall Street Journal - World
Cooling Labor Market Sets Up Debate Over September Cut
There probably wasn’t anything alarming enough in Friday’s report to lead Fed officials to put a July rate cut on the menu. But the latest reading suggests a labor market continuing to loosen, much as the central bank anticipated. -
GameSpot - Tech
Xbox Servers Are Back Up After Extended Downtime
Xbox's online servers went down on July 2, with some people reporting that they are having difficulty connecting to games and services on the platform. The issues were widespread and long-lived, as it took Microsoft hours to clear out the issues ... -
CBS Sports - Sports
2024 NFC West race: Can anyone challenge the 49ers? How the Rams and Seahawks could put up a fight
San Francisco has won the NFC West two years in a row, but could be challenged in 2024NFL -
The Guardian - World
French PM says ‘no place for violence and intimidation’ after candidate attacked putting up election posters – Europe live
Gabriel Attal said candidate Prisca Thevenot and members of her campaign team were attacked by four individuals. The Ecologists’ Marine Tondelier has criticised the far right National Rally’s Jordan Bardella, arguing that his party is allowing ... -
MarketWatch - Business
Mortgage rates post biggest increase in two months, going back over 7%
Mortgage applications fell 2.6% in the last week, the Mortgage Bankers Association said.Mortgage -
MarketWatch - Business
Paramount stock and bonds snapped up on report deal with Skydance is back on
The deal between Shari Redstone and Skydance Media that was scrapped a few weeks ago has been revived -
The Wall Street Journal - World
U.S. Natural Gas Futures Settle Lower
U.S. natural gas futures settled lower in light up-and-down trade. -
The Guardian - World
Netherlands fight back to see off Turkey and set up semi-final against England
The Netherlands lie between England and a place in next Sunday’s final, although that does not tell half the story of a night that swirled in every conceivable direction. In the end they overcame a relentless Turkey and did so, in large part, by ...Turkey -
The Wall Street Journal - World
Analysis: U.S. Jobs Market Cools Just Like Fed Chief Powell Wants
June payrolls were solid, but down slightly from May, while wage inflation slipped a few notches. Both continued trending toward what Powell has called ‘sustainable’ levels.Federal Reserve -
The Wall Street Journal - World
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market. -
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The Guardian - World
The Guardian view on Trump and presidential immunity: the return of the king | Editorial
The supreme court’s sweeping ruling is a blow to democracy in the US. The supreme court’s ruling on presidential immunity combines a tectonic constitutional shift and immediate political repercussions to devastating effect. It allows one man to ...Donald Trump