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Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business -
Reese, Cardoso debuts spark popular livestream
The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media livestream from a fan who stepped in when the league's app couldn't broadcast the game.ESPN - Sports -
Flight Centre's Top Executive Sees Growth Without Major M&A
Flight Centre’s top executive says the Australia-based travel company is well-positioned to grow without more major deals, though smaller acquisitions are still possible in specialized areas.The Wall Street Journal - World -
Yellen Calls Threats to Democracy Risks to U.S. Economic Growth
In a rare comment on politics--and an indirect swipe at former President Donald Trump--the Treasury Secretary says "democracy is critical to building and sustaining a strong economy."Inc. - Business -
Bombardier Sets Course Beyond Jet Making for Future Growth
The Canadian business-jet manufacturer said it plans to focus on three segments—defense, aftermarket services and selling pre-owned certified aircraft—as key pillars to grow its revenue and cash reserves in the coming years.The Wall Street Journal - World -
Bombardier Sets Course Beyond Jet Making for Future Growth
The Canadian business-jet manufacturer said it plans to focus on three segments—defense, aftermarket services and selling pre-owned certified aircraft—as key pillars to grow its revenue and cash reserves in the coming years.The Wall Street Journal - Business -
Warren Buffett says AI scamming will be the next big 'growth industry'
Artificial intelligence has both "enormous potential for good and enormous potential for harm," the investing guru said during Berkshire's annual meeting.CNBC - Business -
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.CNBC - Business -
Job growth slowed as employers added a seasonally adjusted 175,000 jobs in April, and unemployment ticked up to 3.9%, marking a break from a string of data showing surprising strength in the labor market.
Job growth slowed as employers added a seasonally adjusted 175,000 jobs in April, and unemployment ticked up to 3.9%, marking a break from a string of data showing surprising strength in the labor market.The Wall Street Journal - World -
Rhod Gilbert high on life after cancer treatment
The comedian says treatment for head and neck cancer has changed the way he lives.BBC News - Top stories -
Government defeated in High Court over climate plans
Activists argued that the plan for cutting emissions would not meet the UK's climate targets.BBC News - Top stories - Climate -
Union propagandists are confusing high housing costs with ‘wealth’
Overall, the average disposable income per capita in right-to-work states last year, adjusted for the cost of living, was roughly $2,800 higher than the average of the other states.The Hill - Politics -
5 strategies for dealing with today's high mortgage rates
Mortgage rates are hovering above 7%, but there are still ways to lock in a decent mortgage deal right now.CBS News - Top stories - Mortgage -
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Cubans lured to Russian army by high pay and passports
The number of Cubans recruited to fight in Ukraine is thought to be in the hundreds.BBC News - Top stories - Russia -
China Is Buying Gold, Sending Prices to Record Highs
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.The New York Times - Top stories - China -
Prom Dates review – grating high school comedy is a low-rent disaster
Disastrous romp from producer Kevin Hart sees two teens desperately search for prom dates with unfunny results. There are good reasons why many American teens stress about prom: it’s expensive, heightened, fraught with status and identity; the ...The Guardian - World -
A.I. at Your Jobs + Hank Green Talks TikTok + Deepfake High School
A synthetic chief executive, a bot trained on employees’ personalities, and a regular duel with ChatGPT — our listeners brought us their stories.The New York Times - Tech - Tiktok -
UK government’s climate action plan is unlawful, High Court rules
Judgment upholds four of five grounds for legal challenge brought by campaign groups against net zero strategyFinancial Times - World - United Kingdom