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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 -
Swiss Franc Could Rise in Coming Weeks Due to Position Squeeze
The Swiss franc could appreciate in the coming weeks as extensive short positions—or bets on the currency falling—could result in a squeeze that pushes the currency higher, BNP Paribas said.The Wall Street Journal - World -
Euro's Scope to Fall Due to ECB Rate Cuts Looks Limited
The European Central Bank could cut interest rates more than the Federal Reserve this year but any depreciation in the euro-dollar exchange rate may be limited, Monex Europe said.The Wall Street Journal - World -
Euro's Scope to Fall Due to ECB Rate Cuts Looks Limited
The European Central Bank could cut interest rates more than the Federal Reserve this year but any depreciation in the euro-dollar exchange rate may be limited, Monex Europe said.The Wall Street Journal - World -
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 -
Treasury Yields Fall Slightly After Fed Decision
The U.S. central bank confirmed expectations by holding interest rates unchanged.The Wall Street Journal - World - Federal Reserve -
Mammograms should start at 40 to address rising breast cancer rates at younger ages, panel says
Regular mammograms to screen for breast cancer should start younger — at age 40ABC News - Health -
Pensions and tax dominate PMQs as leaders eye local elections
Rishi Sunak and Sir Keir Starmer clash in the Commons on the last day of campaigning before polls in England and Wales.BBC News - Top stories -
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The Dangerous Rise of GPS Attacks
Thousands of planes and ships are facing GPS jamming and spoofing. Experts warn these attacks could potentially impact critical infrastructure, communication networks, and more.Wired - Tech -
Elder fraud on the rise in the U.S.
Scams targeting people over 60 are on the rise in the U.S., with $3.4 billion being stolen just last year, according to a new FBI report. Nicole Sganga has the details.CBS News - Top stories -
Clariant Confirms Outlook as Profits Rise
Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and a strong performance at its aviation business.The Wall Street Journal - Business -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Haleon Keeps Outlook as Profits Rise
Haleon reported a 2% rise in underlying profits for the first quarter despite lower revenue, and maintained its full-year guidance and buyback plan.The Wall Street Journal - World -
Oil Market Balance Expected to Improve Through 2024, Morningstar DBRS Says
Global oil supply is expected to catch up with demand in the coming months, according to Morningstar DBRS.The Wall Street Journal - World -
6 Due Diligence Steps to Take Before Joining a Board
Board service can be fun and enriching or a waste of time. Here's how to make your service valuable.Inc. - Business -
Bee Game: Dodgers and Diamondbacks delayed due to bee swarm
A swarm of bees created quite a baseball buzzkill in the desertABC News - Sports - MLB -
Change Healthcare cyberattack was due to a lack of multifactor authentication, UnitedHealth CEO says
The beginning of the Change Healthcare cyberattack happened when hackers entered a server that lacked multifactor authenticationABC News - Health -
New York cities plagued by blackouts due to climate change, study finds
Climate change is pushing some New York City neighborhoods into dozens of nearly-daylong blackouts per year, a new study has found. Large swaths of the state’s principal towns and cities faced repeated, protracted and dangerous weather-driven ...The Hill - Politics - New York -
Man in court over sword attack that killed boy
Marcus Arduini Monzo is remanded in custody after being charged with murdering Daniel Anjorin, 14.BBC News - Top stories -
3 savings moves to make with inflation still rising
Inflation is on the rise, but that may be good news for savers. Here are three savvy savings moves to make now.CBS News - Top stories -
The WSJ Dollar Index Rises 1.81% This Month to 100.81
The dollar firmed across the board on the session and posted its best monthly performance since January.The Wall Street Journal - World -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
SPDR Gold Rises Following Fed Decision
Gold futures were up 0.8% in late trading, after settling up 0.4% — the fourth time out of the past five sessions they’ve risen.The Wall Street Journal - World - Federal Reserve -
Death toll rises to 48 in China highway collapse
The death toll climbed to 48 on Thursday as search efforts continued in southeastern China after a highway section collapsed in a mountainous area.NBC News - Top stories - China -
MLB bee delay: Dodgers vs. Diamondbacks pushed back nearly two hours due to swarm behind home plate
Arizona had to call in a beekeeper to Chase Field on Tuesday nightCBS Sports - Sports - MLB -
Apple juice recalled due to high arsenic levels, sold at Whole Foods, Kroger and more
Apple juice from Martinelli's sold at five major grocery retailers has been recalled due to high levels of arsenic.ABC News - Top stories - Apple -
Trump Media shares rise again, jump 50% in the past week
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.CNBC - Business - Donald Trump -
Intimacy coordinators are on the rise on film and TV sets. Here's what they do.
Intimacy coordination is a relatively new and growing field with movie and television productions required to make a good-faith effort to hire one if needed on set.CBS News - Entertainment -
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Smith & Nephew grants CEO 30% pay rise despite shareholder revolt
AGM vote sees 43% come out against a hike of $2.6mn for Deepak Nath if he hits targetsFinancial Times - Business -
Qualcomm earnings benefited from AI-enabled devices, and there’s more potential ahead
This hasn’t been a pretty earnings season for prominent chip companies so far, but Qualcomm is breaking from the mold.MarketWatch - Business -
Viking shares rise 8% after cruise line operator's market debut
The company's initial public offering coincides with a strong rebound in cruise bookings.CNBC - Business -
Gold Gains on Softer-Than-Expected Fed Rhetoric
Base metals and gold gained after the Federal Reserve’s comments came in softer than expected.The Wall Street Journal - World - Federal Reserve -
U.S. Natural Gas Futures Rise Ahead Of Inventories Report
U.S. natural gas futures were higher ahead of the EIA’s storage report.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