Schnabel says ECB could benefit from Fed style ‘dot plot’
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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 -
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 -
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 -
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."CNBC - Business -
Russia could increase Ukraine attacks, says Zelensky
Moscow continues to make military gains in the Kharkiv region as Ukraine struggles with resources.BBC News - Top stories - Ukraine -
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 -
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 -
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 -
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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 -
Showcasing Authentically American Style
The inaugural Native Fashion Week, held this month in New Mexico, reflected the diversity and potency of Indigenous designers.The New York Times - Lifestyle -
Body of hostage recovered from Gaza, says IDF
The Israeli military said Ron Benjamin was found alongside the bodies of three other hostages.BBC News - Top stories -
Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
Bruins' Brad Marchand could return to lineup for Game 6, comments on controversial hit from Sam Bennett
Marchand has missed the last two games after being hit by Panthers forward Sam Bennett in Game 3CBS Sports - Sports -
Pitch count rule violation could keep South Carolina high school from competing for state title
Summerville High School may have violated the pitch count rules in a recent gameCBS Sports - Sports -
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 -
New blood test for strokes could help tackle a $2 trillion problem, researchers say
A new blood test can quickly detect a particularly severe type of stroke, according to new research published Friday, dramatically improving patients’ odds of getting lifesaving treatment before it’s too late.MarketWatch - Business -
Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come
Musk said that he was "very excited" to bring internet services to areas with limited or no connectivity.CNBC - Business -
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist
Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the stock indexes could soar even higher thanks toMarketWatch - Business -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Workplace flexibility is the most used, wanted benefit among caregivers: AARP
A flexible schedule is the workplace benefit most used among family caregivers, according to an S&P Global and AARP survey published Thursday. S&P Global and AARP conducted a survey of 1,200 full-time and part-time employees last fall who said ...The Hill - Politics -
For decades, states have taken foster children's federal benefits. That's starting to change
States have for decades been using foster children's federal Social Security benefits to help cover the costs of state servicesABC News - Health -
U.S. travelers are hungry for international travel. These stocks will likely benefit.
“Airports are bracing for a spike in travelers.”MarketWatch - Business -
Children plot Chelsea Flower Show takeover
This year's event includes junior judges and a "no adults allowed" garden designed by children.BBC News - Top stories -
German group accused of plotting coup go on trial
The group believed that Queen Elizabeth II's death might have been a secret signal to act.BBC News - Top stories - Germany -
Knicks could never slow down Pacers, who ran away from New York's banged-up, 'special' team in Game 7
New York's storybook season ended Sunday, with Indiana piling up points as it has all yearCBS Sports - Sports -
New Caledonia 'under siege' from rioting, says capital's mayor
Hundreds of French gendarmes are trying to secure the road from Nouméa to the airport, officials say.BBC News - Top stories -
US troops to complete withdrawal from Niger by mid-September, the Pentagon says
American and Nigerien defense officials say U.S. troops ordered out of Niger by its ruling junta will complete their withdrawal from the West African country by the middle of September.CBS News - Top stories -
No signal from helicopter that crashed killing Iran’s president, Turkish minister says
Initial investigation by rescue group finds ageing aircraft either did not have transponder fitted or had it turned off. The helicopter that crashed killing the Iranian president, Ebrahim Raisi, and the foreign minister, Hossein Amir-Abdollahian, ...The Guardian - World -
Cohen says he stole thousands from Trump Organization
The prosecution rested Monday and closing statements are expected to take place next week.BBC News - Top stories - Donald Trump -
Yellen says U.S. wants to diversify, not decouple, from China
Treasury Secretary Janet Yellen said the U.S. is trying to diversify but not decouple from China, a week after a series of new tariffs were introduced.MarketWatch - Business - China -
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bankFinancial Times - World -
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 -
Your Social Security benefits won’t disappear after 2035 — even if Congress doesn’t act
The average monthly payment in 2036 will be $2,077 — versus $1,907 now.MarketWatch - Business -
Trump aides plot deportation effort inspired by UK Rwanda plan – report
Wall Street Journal notes that British example may not be a good one, as ‘plan hasn’t gone into effect yet ‘amid legal challenges’. Aides to Donald Trump working to transform US immigration policy should he return to power are pursuing goals ...The Guardian - World - United Kingdom -
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Poland arrests nine suspects over alleged Russian sabotage plot
Prime minister Donald Tusk says detained are accused of ‘beatings, arson and attempted arson’. Poland has arrested nine members of an alleged Russian spy ring in connection with alleged sabotage plots, prime minister Donald Tusk said on Monday.. ...The Guardian - World - Russia -
Germany coup plot trial to begin amid high security
Self-styled Prince Heinrich XIII among alleged ringleaders of plan for violent overthrow of state. The most spectacular of a trio of trials of a sprawling group of far-right conspiracists who plotted to violently overthrow the German state is to ...The Guardian - World