Trillion Dollar Auction
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A Strong U.S. Dollar Weighs on the World
Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.The New York Times - Business -
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 -
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
Amazon has reported strong results for the first quarterABC News - Tech -
PG&E is nearing a deal to sell a multibillion-dollar stake in its power plants to KKR.
PG&E is nearing a deal to sell a multibillion-dollar stake in its power plants to KKR.The Wall Street Journal - World -
Weak Equities Could Give Dollar an Extra Lift if Fed Points to Rate-Cut Delays
Equity markets falling while the Fed pushes back on interest-rate cut prospects due to persistently high inflation during Wednesday’s announcement, could be a boon for the dollar, ING said.The Wall Street Journal - World - Federal Reserve -
The Biden administration is seeking to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable.
The Biden administration is seeking to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable.The Wall Street Journal - World