Democrats Worried about Job Losses Push Back on More Fed Rate Hikes
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Breaking down the Fed decision to keep interest rates steady
The Federal Reserve announced Wednesday it is keeping interest rates steady. The move comes as the central bank continues to deal with inflation. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss.CBS News - Top stories - Federal Reserve -
MLB bee delay: Dodgers vs. Diamondbacks pushed back nearly two hours due to swarm behind home plate
Arizona had to call in a beekeeper to Chase Field on Tuesday nightCBS Sports - Sports - MLB -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on their high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Democrats say Big Oil misled public for decades about climate change
Major oil companies have misled Americans for decades about the threat of human-caused climate change, according to a new report released Tuesday by Democrats in Congress.NBC News - Top stories - Climate -
Senate Democrat raises concerns about US-Saudi nuclear deal
Sen. Ed Markey (D-Mass.), co-chair of the Nuclear Weapons and Arms Control Working Group, is raising concerns over Saudi Arabia’s intention to pursue a civil nuclear program with the U.S., citing the country’s “appalling human rights practices” ...The Hill - Politics -
U.S. pushes for more humanitarian aid in Gaza, deal to release hostages held by Hamas
Secretary of State Antony Blinken has been speaking with Israeli Prime Minister Benjamin Netanyahu to increase aid in Gaza. The U.S. is also pushing for a deal to release hostages held by Hamas. Meanwhile, Netanyahu has warned a military invasion ...CBS News - Top stories -
U.S. pushes for more humanitarian aid in Gaza, deal to release hostages held by Hamas
Secretary of State Antony Blinken has been speaking with Israeli Prime Minister Benjamin Netanyahu to increase aid in Gaza. The U.S. is also pushing for a deal to release hostages held by Hamas. Meanwhile, Netanyahu has warned a military invasion ...CBS News - World -
New York Community Bancorp’s stock jumps more than 30% after reporting narrower-than-expected loss
New CEO Joseph Otting sees a “path to profitability” in the next two years.MarketWatch - Business - New York -
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.CNBC - Business -
US job openings fall to 8.5 million in March, the lowest level in more than 3 years
U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest ratesABC News - Top stories -
UK universities warn of more course closures and job cuts without state help
Higher education sector in financial crisis due to tuition fee freeze and drop in overseas student numbersFinancial Times - World - United Kingdom -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
Fed
Federal ReserveThe Wall Street Journal - World - Federal Reserve -
Fed
Federal ReserveThe Wall Street Journal - World - Federal Reserve -
Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Europeans have more time, Americans more money. Which is better?
Life expectancy, happiness, sustainability and innovation among factors shaping work attitudesFinancial Times - Business -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
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 Fed would only cut rates to help the U.S. service its soaring debt, fund manager says
The reason the Fed may be tempted to cut rates would be to help the U.S. cover interest payments on the national debt, according to fund manager Freddie Lait.CNBC - Business -
Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Rate Stance
U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.The Wall Street Journal - World - Federal Reserve -
Fed Says Inflation Progress Has Stalled, Extends Wait-and-See Rate Stance
U.S. central bank officials also approved a plan to slow the continuing reduction of their $7.4 trillion asset portfolio.The Wall Street Journal - World - Federal Reserve -
Cantor’s Howard Lutnick says Fed will ‘show off’ with one rate cut in September
A third of maturing commercial real-estate loans are ‘totally underwater,’ Lutnick saysMarketWatch - Business - Federal Reserve -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Japan is haunted by a return to emerging-economy status
The battering sustained by the yen since January is causing alarm in some quartersFinancial Times - World - Japan -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Rishi Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and eleven mayoralties in England and WalesFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom