UK inflation falls to lowest level since late 2021 as food prices ease further
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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 -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
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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 -
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 -
Hong Kong Shares Fall 1.0%, Weighed by Auto, Tech Stocks
Hong Kong shares opened lower, weighed by auto and tech stocks.The Wall Street Journal - World - Hong Kong -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
WATCH: Francisco Lindor receives warm welcome in first return to Cleveland since 2021 trade to Mets
Lindor played for Cleveland from 2015 through 2020CBS Sports - Sports -
UK set for slower inflation than Eurozone and US
Drop in household energy bills set to push price growth close to Bank of England targetFinancial Times - Business - United Kingdom -
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Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
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 -
Oil prices fall as traders monitor developments in Iran after president's death
Ebrahim Raisi, president of OPEC's third-largest producer, died in a helicopter accident.CNBC - Business - Iran -
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 -
UK engineering firm Arup falls victim to £20m deepfake scam
Hong Kong employee was duped into sending cash to criminals by AI-generated video call. Business live – latest updatesThe British engineering company Arup has confirmed it was the victim of a deepfake fraud after an employee was duped into sending ...The Guardian - World - United Kingdom -
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgetsABC News - Top stories -
Tech stocks helped lift the Nasdaq 0.7% to a record, while the S&P 500, which traded at record levels before a late-session pullback, rose less than 0.1%. The Dow fell 0.5%.
Tech stocks helped lift the Nasdaq 0.7% to a record, while the S&P 500, which traded at record levels before a late-session pullback, rose less than 0.1%. The Dow fell 0.5%.The Wall Street Journal - World -
FTAV’s further reading
17 Mai; VC friends; leverage; used Teslas; elephant greetingsFinancial Times - World -
PGA Championship: Shane Lowry ties the lowest score in major history
Ireland's Lowry was simply magnificent on a day when low scores at Valhalla were there to be taken.Yahoo Sports - Sports -
Biden's Israel approval gets lowest mark yet in new poll
The approval rating for President Biden’s handling of the Israel-Hamas war has dropped to its lowest point in a new poll, as the fighting continues in Gaza. The latest Harvard CAPS/Harris poll found Biden with a 36 percent job approval rating on ...The Hill - Politics - Joe Biden -
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 -
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Madueke backs Lavia to take Chelsea to next level
Noni Madueke believes Chelsea are starting to "take shape" under Mauricio Pochettino and has backed teammate Romeo Lavia to help take the team to the next level next season.ESPN - Sports -
Tiger falters late in PGA Championship 1st round
Tiger Woods faltered late in his opening round at the PGA Championship and finished with a 1-over 72.ESPN - Sports - Golf -
Messi returns as Miami strikes late to beat D.C.
Lionel Messi returned to the starting lineup as Inter Miami struck late to beat D.C. United 1-0 thanks to a stoppage-time goal from substitute Leonardo Campana on a rainy night in Fort Lauderdale, Florida, on Saturday.ESPN - Sports -
Channel crossings since start of year at record high
The number of migrants crossing the Channel since January 1 is 9,681, according to Home Office data.BBC News - Top stories -
Cubs' Shota Imanaga shrinks ERA to 0.84, the lowest mark through first 9 career starts in MLB history
Shota Imanaga already looks like an ace and the bargain of the offseason.Yahoo Sports - Sports - MLB -
'My fake food was good enough for Barbie'
A fake food artist is "stunned" by the response since her work featured in the hit film Barbie.BBC News - Top stories -
Palestinians Struggle for Food and Water After Fleeing Rafah
Many of the 800,000 who left the city huddle in tents on a crowded beach, with little in the way of amenities or humanitarian aid. “It’s a constant battle for survival,” a refugee says.The Wall Street Journal - World -
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 -
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Topeka superintendent on furthering the legacy of Brown v. Board of Education
The district at the center of the landmark 1954 Brown v. Board of Education ruling, which outlawed racial segregation in schools, is now helmed by its first Black female superintendent.CBS News - Top stories -
Slovakia Prime Minister Undergoes Further Surgery After Assassination Attempt
The authorities have released few details about the assassination attempt on Robert Fico, including the plan for leading the country in his absence. But they partially named the suspect for the first time.The New York Times - World -
Biden announces grants to further desegregate schools on Brown vs. Board anniversary
The $20 million in new grants will go to creating magnet programs across the country to attract students across many backgrounds, the White House says.ABC News - Top stories - Joe Biden