Delay Rate Cuts
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
The Downside of Delayed Gratification
We’re all told that it pays to be disciplined in our spending and consumption. But the advice can backfire.The Wall Street Journal - World -
FIFA Delays a Vote on Palestinian Call to Bar Israel
FIFA said it would solicit legal advice before taking up a motion from the Palestinian Football Association to suspend Israel over its actions in Gaza and the West Bank.The New York Times - World - Israel -
Hunter Biden attorneys ask for delay in tax case
Hunter Biden’s attorneys have asked the judge overseeing his tax case in California to delay the trial, which is set for June, until September or later. Earlier this week, Biden lost his attempt to delay his federal gun trial in Delaware, with the ...The Hill - Politics - Joe Biden -
Boeing Woes: Criminal Probe, Spacecraft Delays
In a tightly controlled meeting, shareholders approved outgoing CEO Dave Calhoun's $32 million compensation as the Justice Department investigates apparent safety lapses and its space capsule sits on the launch pad.Inc. - Business -
Hunter Biden presses for delay in federal gun trial
Hunter Biden asked an appeals court to pause the trial, set to begin next month.ABC News - Top stories - Joe Biden -
Scheffler's arraignment delayed until June 3
Scottie Scheffler's arraignment on multiple charges stemming from an incident prior to the second round of the PGA Championship has been delayed until June 3.ESPN - Sports -
The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
China Benchmark Lending Rates Held Steady
The country’s benchmark lending rates were held steady this month, central bank data showed Monday after Beijing announced bold moves to address property-sector malaise.The Wall Street Journal - World - China -
How should countries deal with falling birth rates?
As the UK and US continue to see falling birth rates, options to deal with the issue are limited.BBC News - Top stories -
Launch of Boeing's hard-luck Starliner delayed yet again
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.CBS News - Top stories -
It Is Inexcusable How Judge Cannon Is Delaying the Trump Documents Case
She is utterly failing to keep the case moving along in a fair but timely manner.The New York Times - Top stories - Donald Trump -
Corey Heim dominates rain-delayed NASCAR Truck race at North Wilkesboro
NORTH WILKESBORO, N.C. — Corey Heim dominated Sunday’s weather-delayed Wright Brand 250 at North Wilkesboro Speedway, but the driver of the No. 11 Tricon Garage Toyota had to share the spotlight with his teammate, Brenden “Butterbean” Queen, who ...Yahoo Sports - Sports - NASCAR -
Post-Brexit border system hit by delays and IT glitches, watchdog says
UK project faces ‘major challenges’ as costs spiral, National Audit Office warnsFinancial Times - Business -
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The delay in Trump’s immunity case shows what’s at stake in November
You don’t need to be a constitutional scholar to know what’s going on.The Hill - Politics -
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 -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
Britt: High maternal mortality rate 'American issue,' not Democrat or Republican
Sen. Katie Britt (R-Ala.) encouraged elected officials to work across the aisle in tackling the United States's high maternal mortality rate during a panel discussion Thursday on maternal mental health. “I think it is so important that we ...The Hill - Politics -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
Chelsea’s 2023-24: player ratings for Women’s Super League title winners
From Hannah Hampton to Maika Hamano we look at the players who won Chelsea their fifth consecutive league title . Hannah Hampton Brought in from Aston Villa in the summer, it looked as if she would have to settle for little game time with two more ...The Guardian - World - NFL -
Japan Government Bond Yields Climb on Expectations BOJ Could Reduce Bond Purchases
Japanese government bond yields rose on expectations the Bank of Japan could lower its bond buying in the coming months to support the weakening yen, Deutsche Bank Research said.The Wall Street Journal - World -
Ship Freight Rates Soar as Red Sea Diversions Become a Norm
Cargo owners and shipping lines expect disruptions for the rest of the year, adding time and costs to ocean routes.The Wall Street Journal - World -
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.CBS News - Top stories - Mortgage -
Airlines Bill to Boost Safety and Guarantee Automatic Refunds for Delays and Cancellations Passed by Congress
The $105 billion measure renews Federal Aviation Administration rules that require carriers to automatically give passengers refunds if flights are delayed or canceled. President Biden is expected to sign it soon.Inc. - Business -
ESPN reports Scottie Scheffler detained for not following police instruction during traffic delays outside Valhalla
ESPN reports Scottie Scheffler detained for not following police instruction during traffic delays outside ValhallaABC News - Sports -
Ryanair to buy back $760 million in shares after earnings rise, says more passengers depends on Boeing delays
Ryanair Holdings plans to buyback 700 million euros ($760.9 million) worth of shares after a rise in earningsMarketWatch - Business -
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