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Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - World - China -
The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - Tech - China -
UK government’s climate action plan is unlawful, High Court rules
Judgment upholds four of five grounds for legal challenge brought by campaign groups against net zero strategyFinancial Times - World - United Kingdom -
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
‘Second renaissance’: tech uncovers ancient scroll secrets of Plato and co
Researchers and Silicon Valley are using tools powered by AI to read what had long been thought unreadable. More than 2,000 years after Plato died, the towering figure of classical antiquity and founder of the Academy, regarded by many as the ...The Guardian - World -
Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.The Wall Street Journal - World -
Best streaming platforms for watching live TV after cutting the cord with cable
Find out which streaming platform is right for you, and the difference between Fubo, Sling TV and Hulu + Live TV.CBS News - Top stories -
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 -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Oil prices on track for weekly declines as concerns over Middle East supply risks fade
Oil futures inched lower in Friday dealings, with easing concerns about potential supply disruptions in the Middle East, strength in U.S. production, and signs of slowing demand setting prices up for their largest weekly percentage loss since ...MarketWatch - Business -
Mister Car Wash upgraded to overweight by JPMorgan while Driven Brands gets cut
Analyst says the “competitive tide shifting back” in the company’s favorMarketWatch - Business -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories