Mortgage Rates Fall in Latest Week. Freddie Mac Cites Worries over Bank Closures, and Volatility in Financial Markets
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How the Fed’s quest for transparency made markets more volatile
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.CNBC - Business -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
Suns hire Budenholzer, Nuggets take over & Knicks falling apart | Good Word with Goodwill
Vincent Goodwill is joined by Jake Fischer to recap the NBA Playoffs action from the weekend before talking with Krysten Peek about the 2024 NBA Draft.Yahoo Sports - Sports - NBA -
Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
A Genealogy of Two Godzillas: Fannie and Freddie
Maybe they’ll be asked to swallow the federal student-loan portfolio next.The Wall Street Journal - World -
Flood of Fake Science Forces Multiple Journal Closures
Wiley will announce that it will shutter 19 more journals, some tainted by fraud.The Wall Street Journal - World -
Maryland's volatile Senate primary comes to a head
Welcome to The Hill's Campaign newsletter {beacon} Campaign Report Campaign Report The Big Story Maryland’s volatile Senate primary comes to a head A blistering battle in Maryland over which Democrat will go on to face former Maryland Gov. ...The Hill - Politics -
China says Russian President Vladimir Putin will make a 2-day state visit this week amid closer ties over Ukraine war
China says Russian President Vladimir Putin will make a 2-day state visit this week amid closer ties over Ukraine warABC News - World - China -
Glitches in revamped financial aid system hindering college-bound students
The forms to apply for financial aid were released three months late this year, and one estimate shows over 25% of schools still haven't sent out aid packages.CBS News - Top stories -
Stormy Financial Seas Push Red Lobster to Close Scores of Restaurants
A month after news the chain was considering Chapter 11 protection, attributing some of its losses to an all-you-can-eat shrimp promotion, the Orlando-based company reportedly shutters 88 of its 649 restaurants.Inc. - Business -
Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Auto & Transport Roundup: Market Talk
Gain insight on Boeing, Fraport, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Find insights on Keyera, Worley, Sinopec, and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Health Care Roundup: Market Talk
Find insights on Bayer, Alcon, Dr. Lal Pathlabs, and more in the latest Market Talks covering the Health Care sector.The Wall Street Journal - World -
U.N. Cites a Lower Death Toll Among Women and Children in Gaza
The overall count of those killed has not declined, but incomplete information about many of them has prompted the United Nations to use more conservative figures for children and women.The New York Times - World -
Defense Paints Cohen as Vengeful, Cites Expletives Used Against Trump
The former fixer is continuing his testimony in Trump’s criminal trial.The Wall Street Journal - World - Donald Trump -
Orcas Sink Another Boat Near Iberia, Worrying Sailors Before Summer
Two people were rescued on Sunday after orcas damaged their boat near the Strait of Gibraltar, where the animals have caused havoc in recent years.The New York Times - World -
Can banks really fix the climate crisis?
New research suggests that their green commitments are not paying off yetFinancial Times - Business - Climate -
Biden delivers remarks on investing and the job market
Watch live coverage as President Joe Biden delivers remarks on American investments and the labor market.NBC News - Top stories - Joe Biden -
Inside the rise and fall of Ashley Madison: ‘People literally lost their lives’
A new Netflix docuseries explores how the site that enabled married people to have affairs devolved into chaos back in 2015. In theory, the internet promised, among other things, a solution to the age-old conundrum of finding a date. If you wanted ...The Guardian - World -
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Cohen Says Trump’s Hush-Money Decisions Were Driven by Worries About Female Voters
“Guys may think it’s cool, but this is going to be a disaster for the campaign,” Donald J. Trump said upon learning Stormy Daniels planned to go public, according to testimony.The New York Times - Top stories -
Trump lawyer calls out Michael Cohen TikTok insults in hush money trial cross-examination
Michael Cohen told jurors key details about the alleged awareness and involvement of Donald Trump in hush money payments to a porn star and a Playboy model.CNBC - Business - Donald Trump -
'Deep into the cult of Donald Trump': Defense grills Michael Cohen on praise of his former boss
Star witness Michael Cohen will resume testimony today about making a $130,000 hush money payment to adult film actor Stormy Daniels to suppress her story about an alleged affair with Donald Trump.NBC News - Top stories -
'Don't worry, I'm the president': Michael Cohen testifies Trump assured him he was protected
Star witness Michael Cohen will resume testimony today about making a $130,000 hush money payment to adult film actor Stormy Daniels to suppress her story about an alleged affair with Donald Trump.NBC News - Politics - Donald Trump -
Safra private bank assembles new dealmaking team for ultra-rich clients
J Safra Sarasin taps BoA and Goldman Sachs as it looks to expand into advising on M&A and equity capital raisesFinancial Times - Business -
Platinum market headed for ‘substantial’ supply shortfall, says industry body
Report shows second year of deficit as miner Anglo American rejects rival BHP’s offer that includes plan to spin off platinum assetsFinancial Times - Business -
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Jim Cramer's top 10 things to watch in the stock market Tuesday
U.S. stock futures are lower after wholesale prices in April rose more than Wall Street expected.CNBC - Business -
Young workers are flocking to these fast-growing job markets—they're not on the coasts
Recent college grads are flocking to Sun Belt states for high-paying jobs, ample opportunity and low costs of living.CNBC - Business -
The Art Market is Down. A Cyberattack at Christie's May Make Things Worse.
The auction house plans for sales to proceed, including for a Warhol “Flowers” estimated at $20 million.The Wall Street Journal - World -
Bumble's Ad Fumble in the Dating Jungle Is a Lesson in the Risks of Edgy Marketing
The women-focused dating app pulls its brand-refreshing"a vow of celibacy is not the answer" ad campaign amid furious criticism.Inc. - Business -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
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Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.The New York Times - Business