Spotify Cuts Jobs
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U.S.-Japanese Rate Differential Is Too Large for Yen to Escape Hit
The interest-rate differential between the U.S. and Japan is too large to overcome to ease pressure on the yen, SEI said.The Wall Street Journal - World -
Japan used $59bn to prop up the yen but consumers may still cut back
Government interventions this week fail to ease concerns about plunging currencyFinancial Times - Business - Japan -
Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
German 10-Year Bund Yields Seen Finding New Range Above 2.5%
German Bunds seem to be establishing a new range above the 2.5% yield level in the 10-year maturity, with moves higher in yields offering entry opportunities to investors, Commerzbank Research said.The Wall Street Journal - World - Germany -
US jobs report for April will likely point to a slower but still-strong pace of hiring
The American economy likely delivered another solid hiring gain in April, showing continuing durability in the face of the highest interest rates in two decadesABC News - Top stories -
Oil prices head for steepest weekly drop in three months; markets brace for US jobs report – business live
Rolling coverage of the latest economic and financial news. The main highlight today will be the US jobs report for April, predicts Jim Reid, strategist at Deutsche Bank.. He explains:. This will be an important release for the Fed as well, since ...The Guardian - World -
Trump's onetime fixer Michael Cohen grew despondent when he learned he wouldn't be getting a White House job, a former lawyer for porn star Stormy Daniels said at Trump's hush-money trial.
Trump’s onetime fixer Michael Cohen grew despondent when he learned he wouldn’t be getting a White House job, a former lawyer for porn star Stormy Daniels said at Trump’s hush-money trial.The Wall Street Journal - World - Donald Trump -
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.The Wall Street Journal - World