Traders Eye Inflation Data
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."CNBC - Business -
Eye Opener: Police crack down on campus protests against the war in Gaza
Another police crackdown on campus protests against the war in Gaza. Also, powerful storms in Texas bring tornadoes, flash flooding and mandatory evacuations. All that and all that matters in today’s Eye Opener.CBS News - Top stories -
Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.CNBC - Business - Turkey -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
'Eye of the storm': Julen Lopetegui on how managers deal with pressure, Premier League links and more
Julen Lopetegui speaks about his next move, what life is like for a coach who is between jobs, what goes into recruiting top players and much more.ESPN - Sports -
College football bowl game schedule likely eyeing expansion as revenue-sharing model would curb opt-out trend
Expansion is the hot trend in all corners of college athletics, and the NCAA transformation committee has made it clear more postseason opportunities are desired in all sportsCBS Sports - Sports - College Football -
Dairy worker with bird flu never developed respiratory symptoms, only pinkeye
Details of the bird flu infection in a Texas dairy worker were published in the New England Journal of Medicine.NBC News - Top stories -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
Fed still trying to assess if recent hot inflation readings mean economy is ‘overheating,’ Goolsbee says
“Everybody’s just got to take a step back and try to figure out ‘is that a sign that the economy is overheating, or is that a sign of some other thing’?” Goolsbee said.MarketWatch - Business - Federal Reserve -
Some NASA Satellites Will Soon Stop Sending Data Back to Earth
Three long-running satellites will soon be switched off, forcing scientists to figure out how to adjust their views of our changing planet.The New York Times - World - NASA