Fed Expected
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FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Trump’s dot plot for the Fed
The former president nominated Jay Powell, and to him there are few things worse than having loyalty betrayedFinancial Times - World - Donald Trump -
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 -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Texas Democrat declares innocence ahead of expected indictment
Rep. Henry Cuellar (D-Texas) addressed an expected indictment following reports the Justice Department is preparing charges against him, saying he is “innocent of these allegations” and still plans to seek reelection. The Justice Department ...The Hill - Politics -
The age of the solar sail is arriving sooner than expected
A working solar sail system creates a range of possibilities for cheap planetary missions.The Hill - Politics -
Boy Is Found Dead in Texas After Being Swept Away in Floodwaters
A 5-year-old boy died on Sunday in Johnson County, Texas, after being swept away by floodwaters, the authorities said.The New York Times - Top stories -
The Perils of the Fed’s Vast Bond Holdings
The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.The New York Times - Business -
Analysis: A Goldilocks Jobs Report for the Fed
The April employment report keeps hopes of a late summer interest-rate cut alive, because it eases fears that the economy reaccelerated in the first quarter.The Wall Street Journal - World - Federal Reserve