Weak China Manufacturing 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 -
Canada Dollar Weakness to Extend Into 2H on Rate Cuts, Asset Sales
The stage is set for continued Canadian dollar weakness, National Bank Financial said. Meanwhile, the U.S. dollar edged higher in afternoon trading in New York.The Wall Street Journal - World -
The Rocket Fuel Behind China Shock 2.0: Weak Currency, Deflation
Flat to falling prices coupled with inflation elsewhere and a lower exchange rate have turbocharged China’s export boom.The Wall Street Journal - World - China -
Henderson's Take: Just How Strong Is U.S. Manufacturing? Trucks and Fuel Send a Troubling Message
A recent ISM report suggested manufacturing expanded in March. But truck demand and diesel prices are down.The Wall Street Journal - World -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
Eurozone Bond Weakness in April Was Mainly Driven by U.S. Treasurys
Eurozone government bonds remained primarily stuck in a bond-negative pull in April, emanating from the Treasury market, LBBW said.The Wall Street Journal - World -
Spirit Airlines’ stock slides nearly 10% after air carrier’s quarterly loss, weak guidance
Airline is now focused on its future as a standalone business after its planned merger with JetBlue was called off in March.MarketWatch - Business -
Tyson Foods’ stock turns lower after sales miss, as chicken remains weak
Tyson Foods’ stock reversed course to trade sharply lower, after the meats company reported fiscal second-quarter sales that fell below expectations, as continued weakness in chicken and market-share losses offset a profit beat.MarketWatch - Business -
Biden economic advisor on April jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.CBS News - Top stories - Joe Biden -
'Third Millennium Thinking' Review: Find the Data That Matters
We’ve never been so flooded with information. Sorting it out usefully is the challenge.The Wall Street Journal - World -
Comex Gold Settles 1% Higher
Front-month Comex gold for May delivery settled 1% higher on improved hopes for U.S. interest rate cuts after promising economic data on Friday.The Wall Street Journal - World -
UK armed forces' personal data accessed in hack
The details of serving Army, RAF and Navy personnel are involved, the BBC understands.BBC News - Top stories - United Kingdom -
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