Dollar Suffers
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
How Scrappy Cryptominer CoreWeave Transformed Into the Multibillion-Dollar Backbone of the AI Boom
CoreWeave, once a small player in crypto, is now a $19 billion unicorn that provides GPUs to AI developers. Its frenetic culture and rising competition now pose challenges, former employees say.Wired - Tech -
Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
On the sidelines of a pricier Kentucky Derby, the race is on for small-dollar spending
While high rollers scoop up Churchill Downs tickets whose prices have tripled in the last decade, Louisville entrepreneurs vie for revelers with less to spend.NBC News - Top stories -
Sunak says results 'disappointing' but voters will 'stick with us' at general election
Labour wins by-election and string of councils from the Tories, who retain the Tees Valley mayoralty.BBC News - Top stories -
Louisiana boy receives surprising reward after generously giving away his only dollar
Nine-year-old Kelvin Ellis Jr. of Louisiana had just received a dollar for good grades, the only dollar to his name. When he chose to give it away to a man he thought was homeless, he received a surprising reward. Steve Hartman has the story in ...CBS News - Top stories -
A boy gave away his only dollar. In exchange, he was rewarded for his generosity.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.CBS News - Top stories -
UK's governing Conservatives suffer big losses in local elections
Britain’s governing Conservative Party is suffering heavy losses as local election results pour in Friday, which are cementing expectations that the Labour Party is headed for power for the first time in 14 years at a U.K. general election that ...ABC News - World -
U.K. Conservatives Suffer Sharp Setbacks in Early Results of Local Elections
The scale of the losses suffered by Prime Minister Rishi Sunak’s party sent an ominous message about its chances in an upcoming general election.The New York Times - Top stories -
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Labour’s Claire Ward elected first mayor of East Midlands as Sunak gets boost in Tees Valley after Tory losses – live
Party source describes region as ‘beating heart of general election battleground’ as prime minister says Labour threw ‘lot of mud’. Local elections 2024: full council results for EnglandAnalysis: Blackpool verdict looks like electoral death ...The Guardian - World -
U.K.'s governing Conservatives suffer big losses in local elections as Labour appears headed for power
Britain’s governing Conservative Party is suffering heavy losses as an array of election results pour in Friday, piling pressure on Prime Minister Rishi Sunak ahead of a U.K. general election in which the main opposition Labour Party appears ...NBC News - Top stories -
FC Cincinnati's Aaron Boupendza suffers broken jaw from reported bar incident with pro boxer Quashawn Toler
The MLS forward will need surgery to repair the jaw.CBS Sports - Sports -
Artur Beterbiev vs. Dmitry Bivol: Undisputed unification fight postponed after Beterbiev suffers injury
Turki Alalshikh announced the postponement from the June 1 event to a later date in 2024 on FridayCBS Sports - Sports -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World