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China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Companies warn against immigration cuts as Trump plans crackdown
Business groups say US economy remains dependent on foreign workers as migration becomes election issueFinancial Times - World - Donald Trump -
The plan for a new California city
A group backed by some of California's richest has purchased some 60,000 acres of farmland in Northern California, as part of an ambitious plan to build a brand-new, walkable city in the nation's most car-centric state, for as many as 400,000 ...CBS News - Top stories - California -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
Tiger Woods will miss the cut at the PGA Championship at Valhalla
Tiger Woods will miss the cut at the PGA Championship at ValhallaABC News - Sports - Golf -
Gold Steady as Rate-Cut Hopes Wane
Gold was steady. After hitting new highs, gold “immediately withdrew back” as Fed speakers overnight warned that rate cuts are still some way down the road, DailyFX said.The Wall Street Journal - World -
Trump’s real plans for the deep state
We ought to be paying more attention to the former president’s plan to reimpose Schedule FFinancial Times - World - Donald Trump -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Replit cuts staff by 30 amid aggressive AI push in software development
Replit, a cloud-based software development platform, lays off 30 employees as it focuses on integrating AI into its coding tools, aiming to make programming more accessible.VentureBeat - Tech -
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 -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.CNBC - Business - California -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices ...NBC News - Top stories - California -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
Tiger (77) has 2 triple-bogeys, misses cut at PGA
After posting his 11th consecutive round of par or worse in a major championship with a 6-over 77 in the second round of the PGA Championship, Tiger Woods is headed home on the weekend again.ESPN - Sports - Golf -
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 -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
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 -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Target to cut prices on 5,000 items in bid to lure cash-strapped customers
Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.CBS News - Top stories -
Telstra to Cut Jobs to Save Costs Amid Enterprise Overhaul
The Australian telecommunications company plans to cut 2,800 jobs as part of a continuing strategic review, helping cut $233.4 million in costs.The Wall Street Journal - World -
Serbia Approves Plans For a Hotel With Jared Kushner in Belgrade
The redevelopment plans for a bombed NATO site in Belgrade in partnership with the government provoked immediate criticism in Serbia.The New York Times - Top stories -
An Economic Peace Plan for Gaza Is Bound to Fail
Unless it follows an unconditional surrender.The Wall Street Journal - World -
Rishi Sunak plans crackdown on student visa salesmen
Prime minister seeks more ways to cut international university attendeesFinancial Times - World -
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Trump Plans a Campaign Event in the Deep Blue Bronx
The former president, who has sought to make some political appearances around New York as he stands criminal trial, is set to speak at an event next Thursday at Crotona Park.The New York Times - Top stories - Donald Trump -
How Spirit AeroSystems fits into Boeing's rebound plan
Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.CNBC - Business -
Safeguarding Your Partnership: Planning for Partner Bankruptcy and Divorce
It's crucial to clarify how the economic interests of all the partners will be managed.Inc. - Business -
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G7 warms to plan for Trump-proofing Ukraine aid
Washington seeks to front-load aid for Kyiv by using profits from Russia’s frozen assets as loan guaranteesFinancial Times - Business - Ukraine -
Red Lobster, the largest seafood restaurant chain in the U.S., filed for bankruptcy after failing to recover from dwindling traffic it experienced during the pandemic as menu prices crept higher.
Red Lobster, the largest seafood restaurant chain in the U.S., filed for bankruptcy after failing to recover from dwindling traffic it experienced during the pandemic as menu prices crept higher.The Wall Street Journal - World -
AstraZeneca Plans $1.5 Billion Manufacturing Facility In Singapore
The Anglo-Swedish pharmaceutical giant plans to build a $1.5 billion manufacturing facility in Singapore to boost its global supply of cancer-killing treatments.The Wall Street Journal - World -
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 -
Tiger Woods misses cut at 2024 PGA Championship with pair of triple bogeys in second round at Valhalla
Valhalla hasn't been kind to Woods ever since his dramatic 2000 PGA Championship victoryCBS Sports - Sports - Golf -
2024 PGA Championship missed cuts: Jon Rahm, Wyndham Clark among stars not playing weekend at Valhalla
A number of recent major champions won't be around for the action this weekend in LouisvilleCBS Sports - Sports