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McDonald's Boosts Promos as Boycotts Hit Global Sales
On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.Inc. - Business -
Here's why we're not sweating Amazon’s light second-quarter guidance
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
Richard Tandy, Keyboardist for Electric Light Orchestra, Dies at 76
He helped shape the band’s futuristic sound, which blended Beatles-esque pop with orchestral arrangements.The New York Times - Top stories -
Starbucks gets a price target cut after a brutal quarterly miss and light guidance
Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.CNBC - Business -
We're raising our Amazon price target, betting light guidance proves conservative
Shares rose on a strong quarter. The upside, however, was tempered by a lower-than-expected outlook.CNBC - Business -
Heroes and Villans: How Emery has relit the flame of European desire | Ben Fisher
With a Conference League semi-final and Champions League qualification in sight, there is a sense of euphoria at Villa Park. Unai Emery took a deep breath, digested the question and delivered a considered response. Moments earlier, staff in Uefa ...The Guardian - World -
Estee Lauder is punished for its light guidance. Here's why we are not joining the sellers
The market reaction does not accurately reflect the positive underlying trends we're seeing at Estee Lauder.CNBC - Business -
These 8 Games Are Leaving Game Pass In May
Leaving soonMicrosoft has announced the first wave of games scheduled to leave the Game Pass catalog this month, and the list features eight titles from a variety of genres, including Just Cause 4 Reloaded and AT-AT Games' "East-punk" action-RPG, ...GameSpot - Tech -
For This Soccer Team, Every Game Is a Road Game
Shakhtar Donetsk hasn’t been able to play at home since 2014 due to war and instability in the Donbas region of Ukraine. But the club hasn’t stopped winning either.The Wall Street Journal - World -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Top stories -
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Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Business -
New Zealand's Jobless Rate Rises Sharply
New Zealand’s unemployment rate jumped sharply in the first three months of this year as the economy slumbered in an extended recession and high interest rates battered household budgets.The Wall Street Journal - World - New Zealand -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
What to Watch for at Today’s Fed Meeting on Interest Rates
Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals that rates will stay higher for longer.The New York Times - Top stories - Federal Reserve -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.The New York Times - Business - Federal Reserve -
Federal Reserve likely to leave interest rates unchanged
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.CBS News - Top stories - Federal Reserve -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - Business -
Fed chair Powell signals that rates will remain higher for longer
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goalFinancial Times - Business - Federal Reserve -
Fed chair says interest rate hike unlikely
The Federal Reserve announced Wednesday it is leaving interest rates unchanged. Rates are the highest they've been in more than twenty years. CBS News senior business and technology correspondent Jo Ling Kent joins to discuss.CBS News - Top stories - Federal Reserve -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
New Series I bond rate drops to 4.28%, but your rate could be much less if you bought at the peak
The fixed rate holds at 1.3% on new purchases for the next six months, but the inflation-adjusted rate is slightly lower than six months ago.MarketWatch - Business -
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.CNBC - Business -
Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.MarketWatch - Business -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on their high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Not a Game: Walmart's Latest E-Commerce Platform Is Roblox
Starting today, players of the popular video game platform can buy both virtual and real-life Walmart goods.Inc. - Business -
Dave & Buster's to allow customers to bet on arcade games
One of the largest entertainment operators in the country, Dave & Buster's, will allow its loyalty customers to compete against one another on its app.CNBC - Business -
Griffin Gaming Partners appoints Emily Wang as COO
Griffin Gaming Partners announced it's appointed Emily Wang, formerly of LionTree, to the position of COO and Partner.VentureBeat - Tech -
Dave and Buster's to allow betting on arcade games
Friends will soon be able to bet against each other on who will win Skee-Ball.CBS News - Top stories -
Which Fallout Game You Should Play First
So you like the Fallout TV series, but you’ve never played any of the games huh? In this video, we categorize each of game in the franchise with a specific kind of player in mind.GameSpot - Tech -
Sources: Porzingis out at least several games
Celtics center Kristaps Porzingis is expected to miss a minimum of several games with a right soleus strain suffered in Game 4, sources told ESPN's Adrian Wojnarowski.ESPN - Sports -
Bees delay start of game, then Dodgers get stung by walk-off loss
A swarm of bees delays the game for two hours, then a walkoff homer defeats the Dodgers in extra-inning loss to Arizona.Yahoo Sports - Sports - MLB -
Resolution Games names Johan Gästrin as CTO
Resolution Games, a maker of XR games like Demeo, said it has named Johan Gästrin as its new chief technology officer.VentureBeat - Tech -
Kane reveals Bellingham mind games before penalty
Harry Kane reveals that Jude Bellingham said "you're going to go left of the keeper" after the Real Madrid star tried to put his England team-mate off while taking a penalty.BBC News - Top stories -
Bee swarm delays Dodgers-Diamondbacks game in Arizona
After beekeeper Matt Hilton removed the swarm, the Diamondbacks had him throw out the first pitch.CBS News - Top stories - MLB