Treasury Yields Rise as U.S. Data Remain Solid
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Bond Markets Expected to Calm Down After U.S. CPI-Triggered Rally
Rates markets looked set to enter calmer waters after U.S. inflation and retail sales data caused the latest leg higher [in prices], Commerzbank Research said.The Wall Street Journal - World -
Oil Rises, Buoyed by Second Straight Weekly Fall in U.S. Inventories
Oil gained in early Asian trade, buoyed by a second straight weekly decline in U.S. inventories.The Wall Street Journal - World -
The U.S. saw a slight decline in the number of overdose deaths last year, marking a rare improvement in a persistent fentanyl crisis, preliminary federal data show.
The U.S. saw a slight decline in the number of overdose deaths last year, marking a rare improvement in a persistent fentanyl crisis, preliminary federal data show.The Wall Street Journal - World -
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.The Wall Street Journal - World -
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.
U.S. inflation eased slightly in April, offering relief to investors and the Fed after a run of economic data at the start of the year revealed simmering price pressures.The Wall Street Journal - World -
Mortgage rates cut but borrowing pressures remain
More homeowners are facing the first stage of the repossession process, new figures indicate.BBC News - Top stories - Mortgage -
US Treasury threatens Austria’s Raiffeisen Bank over Russia unit
Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctionsFinancial Times - Business - Russia -
Bridgewater founder Dalio warns of danger of US debt on Treasury market
Billionaire investor has concerns about rising financial burden, global conflict and growing possibility of ‘civil war’Financial Times - Business -
US government data shows the number of fatal overdoses fell last year
US government data shows the number of fatal overdoses fell last yearABC News - Health -
Data centres have turned Big Tech into big spenders
Companies need AI services revenues, not cost savings, to fuel data centre boomFinancial Times - Business -
Nikkei Rises 1.4%, Led by Electronics, Brokerage Stocks
Japanese stocks ended higher, led by gains in electronics and brokerage stocks, as easing U.S. inflation keeps hopes for Fed rate cuts later this year intact.The Wall Street Journal - World -
Australian Unemployment Rises, Easing Pressure on RBA to Hike
Unemployment in Australia jumped in April as more people searched for work, a rise that is likely to reduce pressure on the Reserve Bank of Australia to raise interest rates further.The Wall Street Journal - World -
Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
‘He is borrowing from Trump’: the rise of Robert Fico, Slovakia’s populist leader
The veteran politician shot and wounded on Wednesday, is a fan of Viktor Orbán and has embraced ever more extreme positions to retain power. Robert Fico ‘in life-threatening condition’ – latest updatesSlovakia prime minister Robert Fico shot and ...The Guardian - World - Donald Trump -
'Scottie is that guy': Stories behind Scheffler's rise to the top of the golf world
At the PGA Championship, Scheffler can become the first golfer to win the first two majors of a season since 2015.ESPN - Sports -
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.CNBC - Business -
U.S. announces new sanctions against Nicaragua
Some of the new sanctions are being taken to address "significant concern" about the Nicaraguan government's "continued repression" of the Nicaraguan people.CBS News - Politics -
Netanyahu Rejects U.S. Calls for Postwar Plan in Gaza
The Israeli prime minister says Hamas must be defeated on the battlefield before questions about governing the enclave after the war are answered.The Wall Street Journal - World - Israel -
TikTok Creators Sue U.S. Government Over Law That Could Ban the Platform
A group of eight content creators who rely on the social media app toreachcustomers and audiences challenge the law requiring Chinese parent ByteDance to sell its U.S. business or be banned.Inc. - Business - Tiktok -
U.S. military begins moving pieces of offshore pier to provide aid to Gaza
The U.S. began moving pieces of the military pier toward Gaza on Wednesday, and it's expected to be operational in days.CBS News - Politics -
U.S. Suspends Funding for Group at Center of Covid Origins Fight
The decision came after a scorching hearing in which lawmakers barraged EcoHealth Alliance’s president with claims of misrepresenting work with Chinese virologists.The New York Times - World - Covid -
Gaza Aid Gains May Be Lost as Fighting Rages in Rafah, U.S. Says
Nearly 10 days after Israel began a military operation in the southernmost city of Gaza, aid trucks are backed up at the border.The New York Times - World -
TikTok creators sue U.S. government in a bid to stop potential ban
TikTok creators sued the U.S. government on Tuesday, alleging a new law that could ban the app violates their free speech rights under the 1st Amendment. The legislation is meant to force Chinese owner ByteDance to sell the service.Los Angeles Times - Entertainment - Tiktok -
Overdose Deaths Dropped in U.S. in 2023 for First Time in Five Years
Preliminary numbers show a nearly 4 percent decrease in deaths from opioids, largely fentanyl, but a rise in deaths from meth and cocaine.The New York Times - Health