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Delivering Starmer’s promises will depend on rewiring ‘Treasury brain’
The Labour leader needs Rachel Reeves to redefine the way spending decisions are made or his ‘missions’ will failFinancial Times - Business -
Trump on political violence in 2024: 'If we don't win, you know, it depends'
Donald Trump said he doesn't think there'll be political violence this election because he'll win — but that it "always depends on the fairness of an election."NBC News - Politics - Donald Trump -
Cannabis stocks pull back after rallying on DEA’s plans to reclassify marijuana
Canopy Growth Corp., Tilray Brands Inc. and Curaleaf Holdings Inc. were among cannabis stocks that were sliding into the red on Wednesday, a day after news of the federal government’s plans to reclassify marijuana.MarketWatch - Business -
Colombia to cut diplomatic ties with Israel
Colombian President Gustavo Petro said Wednesday he plans to sever diplomatic ties with Israel over the Middle Eastern country’s conduct in its war against Hamas in Gaza. Speaking at a May Day rally in Bogotá’s central Plaza de Bolívar, Petro ...The Hill - Politics - Israel -
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Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
Analysis: The Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage today for a summer rate cut.The Wall Street Journal - World -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Analysis: Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage for a summer rate cut.The Wall Street Journal - World -
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Peloton CEO Dismounts as Company Cuts 400 Jobs
Barry McCarthy ends two-year tenure as the fitness company keeps pedaling to a post-pandemic turnaround.Inc. - Business -
Jags cut WR Jones after picking Thomas in draft
The Jaguars have released wide receiver Zay Jones, the team announced Tuesday.ESPN - Sports - NFL -
Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.CNBC - Business -
New Jersey barber specializes in cuts for those with developmental disabilites
A barber in Nutley, New Jersey, specializes in giving haircuts to adults with autism, sensory issues and other developmental disabilities. His services are so sought after, some of his clientele even fly in from out of state.CBS News - Top stories -
How much will the 2p National Insurance cut save me?
A further 2p cut in National Insurance for 27 million workers has come into effect.BBC News - Top stories -
The Fed rate decision meeting is today. Here are the odds of a cut.
Inflation-weary consumers have also been slammed by high borrowing costs. Here's what economists expect the Fed to announce.CBS News - Top stories - Federal Reserve -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Powell Likely to Signal Rate Cut Unlikely Until Inflation Drops
The Fed weighs three straight reports of persistent inflation with calls to lower interest rates at its latest meeting.Inc. - Business -
Fed holds off on rate cuts after 'lack of further progress' on inflation
The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up and the labor market remains strong, likely pushing potential rate cuts even later into the year. Interest rates will remain at a range of 5.25 to 5.5 ...The Hill - Politics - Federal Reserve -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - World -
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Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - Business -
Fed’s Powell keeps the door open for a July rate cut
Here are more details of the four main takeaways from Powell’s press conference.MarketWatch - Business - Federal Reserve -
Jay Powell’s dilemma: the US economy is too strong to cut rates
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November electionFinancial Times - Business -
OECD Sees Room for Rate Cuts But Warns of Oil-Price Threat
The global economy is likely to avoid an anticipated slowdown this year, but could yet suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher, the OECD said.The Wall Street Journal - World -
Jay Powell’s dilemma: the US economy is too strong to cut rates
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November electionFinancial Times - World -
Canada’s oil industry cuts reliance on US market as pipeline expands
Trudeau government completes C$34bn Trans Mountain project amid cost overruns and climate concernsFinancial Times - World -
With more of us living longer, traditional retirement plans just won’t cut it
Whatever your age, you need to invest more in your future to ensure you age well.MarketWatch - Business -
Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs
The fitness-equipment maker has warned of cash-flow issues and continued losses amid a decline in paying subscribers and a recall.The Wall Street Journal - World -
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its businessABC News - Top stories -
Peloton CEO Barry McCarthy Steps Down as Company Cuts 15% of Workers
Barry McCarthy took over as C.E.O. in February 2022 to revive Peloton from its late-pandemic slump, but the company has struggled to become profitable.The New York Times - Business -
Euro's Scope to Fall Due to ECB Rate Cuts Looks Limited
The European Central Bank could cut interest rates more than the Federal Reserve this year but any depreciation in the euro-dollar exchange rate may be limited, Monex Europe said.The Wall Street Journal - World -
Euro's Scope to Fall Due to ECB Rate Cuts Looks Limited
The European Central Bank could cut interest rates more than the Federal Reserve this year but any depreciation in the euro-dollar exchange rate may be limited, Monex Europe said.The Wall Street Journal - World -
Migration agency chief warns that even more Syrians will leave Lebanon as donors cut back on aid
The head of the International Organization for Migration is warning that the number of Syrian refugees leaving Lebanon is likely to keep rising as donors cut back on aidABC News - World -
2 men are charged with cutting down famous 150-year-old tree near Hadrian's Wall in England
Prosecutors in England say two men have been charged with cutting down the beloved 150-year-old Sycamore Gap tree that toppled over on Hadrian’s WallABC News - World -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
Starbucks gets a price target cut after a brutal quarterly miss and light guidance
Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.CNBC - Business -
Tyrese Maxey saves Sixers from elimination with huge finish in OT win that cuts Knicks' lead to 3-2
Tyrese Maxey saved Philadelphia from elimination with seven points in the final 25 seconds of regulation, finished with 46 and led the 76ers to a 112-106 overtime victory over the New York Knicks in Game 5 of their first-round seriesABC News - Sports -
Florida's 6-week abortion ban takes effect, cutting off access in much of the South
A ban on abortions after six weeks of pregnancy took effect in Florida on Wednesday. Before that, the state had been a refuge for abortion access in the South.NBC News - Top stories - Abortion