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Biden economic advisor on April jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.CBS News - Top stories - Joe Biden -
US employers scaled back hiring in April but still added 175,000 jobs
The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job marketABC News - Top stories -
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 -
Stock Market Rises After Jobs Report Revives Investors’ Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.The New York Times - Business -
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
Canada Dollar Weakness to Extend Into 2H on Rate Cuts, Asset Sales
The stage is set for continued Canadian dollar weakness, National Bank Financial said. Meanwhile, the U.S. dollar edged higher in afternoon trading in New York.The Wall Street Journal - World -
Judge threatens jail if Trump violates ‘hush money’ gag order
Former US president suggests he would be willing to risk incarceration after judge’s warningFinancial Times - Business - Donald Trump -
Late Start to BOE Rate Cuts Should Support Pound
The Bank of England’s first interest-rate cut is unlikely to happen till late summer at the earliest, according to market pricing, and any validation of this outlook from BOE officials would add fuel to the pound’s rally, Ebury said.The Wall Street Journal - World -
Treasury yields see biggest weekly drops in months as tepid April jobs report raises rate-cut hopes
Treasury yields finished at their lowest levels in three weeks on Friday after April’s official jobs report brought the potential for a Federal Reserve interest-rate cut back to the minds of some traders.MarketWatch - Business -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
‘I don’t have a choice’: UK patients turn to medical loans for treatment costs
Boom in healthcare borrowing prompts warnings from doctors and campaignersFinancial Times - World - United Kingdom -
Europe should brace itself for Trump
Unlike in 2016, this time the former president has a coherent plan for governingFinancial Times - World - Donald Trump -
Treasury yields slip as hope for Fed rate cuts increases after latest U.S. jobs data
U.S. Treasury yields were lower, continuing a fall after Friday's April jobs report showed weaker-than-expected payrolls growth and a rise in unemployment.CNBC - Business - Federal Reserve -
European markets rise as traders assess possible rate cuts, fresh PMI data
European markets advanced Monday as traders continued to assess the possibility of rate cuts after softer-than-expected U.S. jobs data.CNBC - Business -
How Markets Are Reacting, in Five Charts
Take a look at how various assets are performing after the release of the April jobs report: U.S. stock futures, the 10-year Treasury yield, Brent crude, gold and the U.S. dollar.The Wall Street Journal - World -
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 -
Forest points deduction appeal rejected
Nottingham Forest fail in an appeal against their four-point punishment for breaching Premier League profit and sustainability rules.BBC News - Top stories -
Arsenal beat Bournemouth to move four points clear
Arsenal cruise past Bournemouth to go four points clear at the top of the Premier League before Saturday's later games.BBC News - Top stories - Premier League -
'Tottenham's dramatic decline has come at crucial point'
Tottenham's dramatic decline in form has come just at the crucial point of the Premier League season, writes Phil McNulty.BBC News - Top stories -
Sir John Curtice: Do local election results point to a hung Parliament?
Using how people voted in local elections to predict a potential general election result poses difficulties.BBC News - Top stories -
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.The New York Times - Business