Weak Handed Investors
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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 -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
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 -
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 -
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 -
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 -
Obesity and low productivity in the UK go hand in hand, warns think-tank
IPPR researchers describe government’s laissez-faire approach to public health as a ‘failed experiment’Financial Times - Business - United Kingdom -
Will Ferrell to join list of Leeds investors
Hollywood actor Will Ferrell is set to join the list of celebrity investors in Championship club Leeds UnitedBBC News - Top stories -
Notes 'missing' after funeral handed to Covid team
Notes of Stormont's first Executive meeting after Bobby Storey funeral were requested seven times.BBC News - Top stories - Covid -
A Handful of Plunging Stocks Suggests the Consumer Is Not All Right
Investors sold off Starbucks, DoorDash, and Netflix after weak earnings.Inc. - Business -
Jobs Report in Focus as Investors Seek Rate Clues
Stock futures ticked higher ahead of an employment report that is expected to show labor-market growth slowing in April.The Wall Street Journal - World -
Colleges Have a New Source of Protest on Their Hands: Irate Parents
Frustrated parents are pushing back against university responses to the Gaza protests.The Wall Street Journal - World -
European football: Real Madrid clinch La Liga title after Barcelona are beaten
Real Madrid defeat Cádiz 3-0 before Barça suffer decisive lossGuerreiro injured for Bayern Munich in defeat at StuttgartReal Madrid are champions of Spain for the 36th time after their 3-0 win over Cádiz was followed by a 4-2 defeat for Barcelona ...The Guardian - World - Soccer -
Chinese homebuyers favour ‘second-hand’ houses as property crisis bites
With tens of thousands of new developments yet to be completed, buyers are looking again at older buildingsFinancial Times - Business - China