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Southeast Texas on high alert for flooding, rainfall nears historic levels
In Southeast Texas, the flood risk is dangerously high. Water levels in some areas are nearly as high as they were during Hurricane Harvey, which dropped more than 50 inches of rain in places, setting a new North American record. This morning, ...CBS News - Top stories -
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.The Wall Street Journal - World -
Apple juice recalled due to high arsenic levels, sold at Whole Foods, Kroger and more
Apple juice from Martinelli's sold at five major grocery retailers has been recalled due to high levels of arsenic.ABC News - Top stories - Apple -
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The Marijuana Industry Hopes for New Highs
The Justice Department’s recommendation that restrictions on marijuana be lifted have revived expectations for a business that has waited years for such a change.The New York Times - Business -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Top stories -
Home prices reach record highs again in February
Home prices in February increased by 6.4 percent year-over-year, according to the S&P CoreLogic Case-Shiller national home price index, released Tuesday. In January, home prices jumped by 6 percent year over year, according to the index, the ...The Hill - Politics -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Business -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
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UK inflation: From too high, to too low?
Time to ease the squeezeFinancial Times - World - United Kingdom -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - Business -
US warns rates to stay high as it battles inflation
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.BBC News - Top stories -
Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.ABC News - Top stories - Federal Reserve -
Job openings in the U.S. fall to the lowest level in three years
The number of job openings in the U.S. fell to 8.5 million in March and touched the lowest level in more than three years, suggesting the demand for labor is slowly waning.MarketWatch - Business -
For LeBron, playing with Bronny reportedly not the same level of priority it once was
"The young man will decide what he wants to do and how he wants his career to go."Yahoo Sports - Sports -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
UK set to lag peers on growth and suffer ‘sticky’ inflation, says OECD
Forecaster delivers downbeat outlook ahead of local elections in EnglandFinancial Times - World - United Kingdom -
US law firm Mayer Brown to hive off China operations
Company is latest to rethink its business in the region as market conditions remain weakFinancial Times - World - China -
U.S. trade deficit hovers near highest level in almost a year
The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.MarketWatch - Business -
Pregnancy-related deaths fall to pre-pandemic levels, new data shows
New CDC data shows about 680 women in the U.S. died during pregnancy or shortly after childbirth in 2023, a decline from the previous year.CBS News - Top stories -
Fantasy Baseball Trade Analyzer: Buy low/high and sell low/high candidates as we flip to May
With the calendar turning to May, fantasy baseball analyst Fred Zinkie offers some trading tips to managers looking to shake things up.Yahoo Sports - Sports -
Werner Spitz, Forensic Expert in High-Profile Murders, Dies at 97
He figured in the examination of sensational cases involving President John F. Kennedy, Martin Luther King Jr., O.J. Simpson and others.The New York Times - Top stories -
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.The New York Times - Business - Federal Reserve -
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Werner Spitz, ‘Medical Detective’ in High-Profile Murders, Dies at 97
He figured in the examination of sensational cases involving President John F. Kennedy, Martin Luther King Jr., O.J. Simpson and others.The New York Times - Science -
Corn to Power Airplanes? Biden Administration Sets a High Bar.
Producers of biofuels like ethanol, which could help create a new generation of jet fuel, would have to overhaul their practices to receive tax credits.The New York Times - Top stories - Joe Biden -
Michelle Obama surprises high school students in DC on College Signing Day
Former First Lady Michelle Obama surprised high school students from Washington, D.C., Maryland and Virginia to celebrate College Signing Day and their decision to pursue higher education. “Look, on a day when so much is about looking ahead, I ...The Hill - Politics -
Treasury yields end at lowest levels in at least a week after Fed’s Powell sees unlikely chance of a rate hike
Yields on U.S. government debt finished at their lowest levels in a week or more on Wednesday, after Federal Reserve Chair Jerome Powell delivered comments seen as more dovish comments than what was implied by the central bank’s own policy statement.MarketWatch - Business -
The limits of what high interest rates can now achieve
We need to be realistic about what monetary policy can and cannot doFinancial Times - World -
The limits of what high interest rates can now achieve
We need to be realistic about what monetary policy can and cannot doFinancial Times - Business -
What junk? High-yield bonds outperform in a turbulent April
High-yield, or “junk bonds,” outperformed in a turbulent April for financial assetsMarketWatch - Business -
Novo Nordisk cuts price of weight loss drug Wegovy as competition heats up
Danish group beats expectations with first-quarter sales up 24% and raises annual forecast on high demandFinancial Times - Business -
The Biden Campaign’s High-Powered Effort to Define R.F.K. Jr.
Why Democrats have a big team tracking every third-party candidate.The New York Times - Top stories - Joe Biden -
Jadon Sancho represents a high value for Manchester United, says Ten Hag
Manager praised winger’s display for Dortmund against PSGSancho was loaned to German club in January after falloutErik ten Hag has said he is happy for Jadon Sancho after the winger produced a display in Borussia Dortmund’s Champions League win ...The Guardian - World -
This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.CNBC - Business -
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Real Madrid, Bayern Munich trade comebacks to leave Champions League semifinal level after first leg
Vinicius Jr.'s second goal on the night earned Real Madrid a 2-2 draw, and an implicit advantage heading back home for next week's second leg at the Estadio Santiago Bernabéu.Yahoo Sports - Sports - UEFA Champions League -
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.CNBC - Business -
Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.MarketWatch - Business