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Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Top stories - Federal Reserve -
How High Wall Street Thinks the Fed Will Keep Interest Rates
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.The New York Times - Business - Federal Reserve -
How High Wall Street Thinks the Fed Will Keep Interest Rates
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.The New York Times - Top stories - Federal Reserve -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Business - Federal Reserve -
Divided Bank of England faces political heat over calls for rate cuts
Analysts warn chancellor against public comments on likelihood of lower interest ratesFinancial Times - World -
Divided Bank of England faces political heat over calls for rate cuts
Analysts warn chancellor against public comments on likelihood of lower interest ratesFinancial Times - Business -
Investors bet global central banks will be forced to delay rate cuts
Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economyFinancial Times - Business -
Banks pay savers more as ‘higher-for-longer’ rates hit interest income
US lenders are having to fight to keep depositors from leaving with no Fed rate cuts in sightFinancial Times - World -
Investors bet global central banks will be forced to delay rate cuts
Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economyFinancial Times - World -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
A Steady Stream of Road Trips Made Falling in Love Easy
As Deborah Yarchun and Benjamin Parr traveled across the country during the pandemic, their bond became stronger at each stop.The New York Times - Lifestyle -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
Southwest Airlines considers ending open seating as loss widens, revenue falls short
Southwest Airlines Co.’s stock tumbled 9% Thursday after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates.MarketWatch - Business - Travel -
Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
Continent’s drugmakers need to pay up to attract and retain talent, says Pascal SoriotFinancial Times - Business - China -
Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
Continent’s drugmakers need to pay up to attract and retain talent, says Pascal SoriotFinancial Times - Business - China -
Caterpillar’s stock is falling toward its worst day since 2020 after earnings
Caterpillar Inc. shares were dropping premarket after the company came up a bit short on first-quarter revenue as sales volumes declined.MarketWatch - Business -
Windmill sails fall from iconic Paris cabaret club Moulin Rouge
The sails of the landmark red windmill atop Paris' Moulin Rouge cabaret club, fell to the ground overnight Thursday, much to the sorrow of tourists.NBC News - Top stories -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
US applications for jobless claims fall to lowest level in 9 weeks
Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflationABC News - Top stories -
Windmill sails mysteriously fall off Paris' iconic Moulin Rouge cabaret
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.CBS News - Top stories -
Meta value falls $190bn as investors react to plan to increase spending on AI
Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products. Business live – latest updatesShares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off ...The Guardian - World -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
Battery storage costs could fall up to 40 percent by 2030: IEA
A steep decline in battery costs will be the primary driver in the transition from fossil fuels to renewable energy in the years ahead, the International Energy Agency (IEA) projected. Battery costs have declined more than 90 percent in about a ...The Hill - Politics -
Intel shares fall after company provides weak forecast for the current quarter
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.CNBC - Business -
Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results
Alphabet's revenue jumped 15% in the first quarter and profit in the company's cloud business more than quadrupled.CNBC - Business -
Anglo American set to be bought or broken up after rejecting £31bn BHP offer, investors believe
UK-listed company says Australian miner’s takeover approach ‘significantly undervalues’ itFinancial Times - Business -
Exxon and Chevron profits dragged down by weaker gas prices
Quarterly results signal pullback from bumper earnings in past two yearsFinancial Times - Business -
Ukraine's air defence plea falls short in S Europe
Greece says it cannot spare its defence systems and Spain reportedly says it can only provide missiles.BBC News - Top stories - Ukraine -
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Exxon Mobil’s stock falls after profit and production drop below forecasts
Shares of Exxon Mobil Corp. dropped more than 3% Friday after the oil and gas giant reported first-quarter profit and production that fell below forecasts, even as revenue beat expectations by a wide margin.MarketWatch - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Delta plane's emergency slide falls off during flight
An emergency slide separated from a Delta plane not long after takeoff from New York City, forcing the pilots to return to the airport, officials said.ABC News - Top stories -
State responses to student protests fall along red vs. blue lines
Pro-Palestinian protesters on college campuses are getting very different responses from elected officials in red and blue states. Texas is seeing pushback after immediately responding to a peaceful demonstration with arrests, and Florida's Gov. ...The Hill - Politics -
Climber dies after 2 fall on mountain in Denali National Park in Alaska
One climber died and another was seriously injured after the two-person team fell around 1,000 feet while climbing a mountain in Alaska’s Denali National Park.NBC News - Top stories -
Tim Dowling: my banjo is out of tune, and the gig is falling apart
The band has every type of cock-up pretty much covered, but then things go from bad to worse. The band I’m in is playing over the weekend: Birmingham, Gateshead, Kendall. They are all venues we’ve played before, but not for a long while.. “Which ...The Guardian - World -
Watch Russell Westbrook get ejected as Clippers fall to Mavericks 101-90
Dallas now leads the series 2-1 with Game 4 on Sunday in 'Yahoo Sports - Sports - NBA -
Bitcoin falls after DTCC rules out collateral for bitcoin-linked ETFs
The price of bitcoin fell to a low of $62,801 early Saturday from $63,476 late Friday after the financial services giant, the Depository Trust and Clearing Corporation (DTCC) announced it will not allocate any collateral to exchange-traded funds ...MarketWatch - Business - Crypto -
Windmill sails mysteriously fall off Paris' iconic Moulin Rouge cabaret
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.CBS News - Entertainment