High Rates
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US stocks close at record high on slower pace of inflation
Investors increase bets on Fed’s interest rate cuts this year as price growth moderatesFinancial Times - Business -
EUR/USD Little Changed; Dollar Weakness May Be Limited Near Term
The EUR/USD traded little changed, and Danske Bank Research generally expects the pair to continue being range-bound in the near term.The Wall Street Journal - World -
Gold Edges Higher, Supported by Fed Rate-Cut Bets
Gold edged higher in the early Asian session, supported by bets for Fed rate cuts which would enhance the appeal of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Traders examine interest rate bets after inflation updates
Also in this newsletter: Putin hits out at west, Slovak PM shot, measuring productivity in the officeFinancial Times - World -
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Alphabet closes at all-time high as Google rebounds from disastrous start to AI race
This week's show-and-tell at Google's annual I/O developers conference went a long way toward restoring investor confidence in the company's AI capabilities.CNBC - Business - Google -
High inflation harms older households — and two factors determine who is most at risk, research finds
Retirees and near retirees face unique dilemmas when it comes to trying to make their money last amid rising prices.CNBC - Business -
Ministers split over aid for Titanic shipbuilder Harland & Wolff
UK chancellor ‘dragging feet’ over £200mn package for Belfast groupFinancial Times - World -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -
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Workers are cheating on drug tests at the highest rate in more than 30 years, according to one of the largest drug-testing labs in the U.S.
Workers are cheating on drug tests at the highest rate in more than 30 years, according to one of the largest drug-testing labs in the U.S.The Wall Street Journal - World