Fed Minutes Signal Continued Tightening
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Fed chair Powell signals that rates will remain higher for longer
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goalFinancial Times - Business - Federal Reserve -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Japan is haunted by a return to emerging-economy status
The battering sustained by the yen since January is causing alarm in some quartersFinancial Times - World - Japan -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Rishi Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and eleven mayoralties in England and WalesFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
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5 Minutes That Will Make You Love Jazz Bass
Writers, scholars, radio hosts and musicians, including the bassist Ron Carter, share songs that shine a light on an instrument that lays the foundation of jazz.The New York Times - Top stories -
KFC, Pizza Hut Feel Pinch From Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, hurt by a slowdown in the Middle East.The Wall Street Journal - World -
KFC, Pizza Hut Feel Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, becoming the latest restaurant operator to report lower-than-expected sales.The Wall Street Journal - World -
The Papers: '22 minutes of horror' and new prostate cancer hope
Wednesday's front pages are dominated by the attacks in Hainault, north-east London.BBC News - Top stories -
Best last minute Mother's Day gifts for your grandma in 2024
Show grandma how much you appreciate her with the best Mother's Day gift this year.CBS News - Top stories -
Trump held in contempt as "hush money" trial continues
Former President Trump was held in contempt and threatened with jail time for violating the gag order in his criminal "hush money" trial. Tuesday's proceedings also heard testimony from Stormy Daniels' former lawyer. Jericka Duncan reports.CBS News - Top stories - Donald Trump -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Trump held in contempt as "hush money" trial continues
Former President Trump was held in contempt and threatened with jail time for violating the gag order in his criminal "hush money" trial. Tuesday's proceedings also heard testimony from Stormy Daniels' former lawyer. Jericka Duncan reports.CBS News - Politics - Donald Trump -
Tornado, severe weather continues to threaten Midwest
One person was killed in Westmoreland, Kansas, on Tuesday after a tornado tore through the small city. Another tornado in Oklahoma touched down, damaging several buildings. The severe weather risk continues Wednesday, stretching from Nebraska to ...CBS News - Top stories -
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Protests continue at university campuses across the US – in pictures
After major police raids on universities in New York and Los Angeles on Tuesday, students continued to demonstrate against the war in Gaza Continue reading...The Guardian - World -
An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
Some student loan borrowers have until April 30 to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.CNBC - Business -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
DJT shares close down more than 9% as Trump Media hot streak stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.CNBC - Business - Donald Trump -
DJT shares plummet more than 10% as hot streak for Trump Media stalls
Trump Media shares dropped sharply in morning trading Wednesday, shortly after breaking above the $50 per share threshold for the first time in nearly a month.NBC News - Top stories - Donald Trump -
Israel under pressure to let more aid into Gaza as hostage talks continue
Antony Blinken holds two-hour meeting with Netanyahu while Hamas considers ceasefire proposal. Israel’s leaders were under renewed pressure to allow more aid into Gaza on Wednesday after the US secretary of state, Antony Blinken, told Benjamin ...The Guardian - World - Israel -
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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 -
FirstFT: Federal Reserve signals that rates will remain higher for longer
Also in today’s newsletter, Chinese groups sanctioned by US for aiding Russia’s military, and the Republican party civil war flares up againFinancial Times - World - Federal Reserve -
Democrats signal further increases to defense funding could come at cost for GOP
Prominent Democrats said Wednesday that any increases to defense spending beyond the budget limits agreed to as part of a bipartisan deal last year must also be met with parity for domestic programs. In remarks to the press on Wednesday, Senate ...The Hill - Politics