Warren Steps Up Criticism of Powell Following Rate Hike Says He Is Dangerous to Serve As Fed Chair
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From a Tiny Island in Maine, He Serves Up Fresh Media Gossip
Rusty Foster could never live in New York. But his hit newsletter, Today in Tabs, is an enduring obsession of the city’s media class.The New York Times - Lifestyle -
FirstFT: Traders build up bets of Fed interest rate rise
Also in today’s newsletter, Ukraine aid and the opening of Trump’s trialFinancial Times - World - Federal Reserve -
Powell's 'Restrictive' Approach Lets Fed Stay Flexible
Words matter when Fed Chair Jerome Powell makes announcements, and the central bank is very carefully letting us know interest rates might drop, stay steady, or even go up.Inc. - Business - Federal Reserve -
After arrest, Morgan Wallen says he's 'not proud' of tossing chair off bar's sixth floor
Country star Morgan Wallen says he accepts responsibility after a chair-throwing incident at a bar in Nashville resulted in his arrest earlier this month.Los Angeles Times - Entertainment -
ECB Will Consider Fed's Progress When Deciding on Rate Cuts, De Guindos Says
The ECB will take account of the Fed’s progress in lowering inflation when it decides the pace of cuts to its key interest rate after a first move in June, its vice president said in an interview.The Wall Street Journal - World -
Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates
That means credit can provide a "very solid foundation" to an investment portfolio, the Oaktree Capital Management co-founder told CNBC.CNBC - Business - Federal Reserve -
Where is the Fed’s interest rate heading?
The search for the neutral rate is proving elusiveFinancial Times - Business -
Where is the Fed’s interest rate heading?
The search for the neutral rate is proving elusiveFinancial Times - World -
Homeowner pain as major banks lift mortgage rates
Lenders respond over views the Bank of England may not cut interest rates as quickly as forecast.BBC News - Top stories - Mortgage -
Could interest rate hikes be keeping inflation high?
The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates are at bringing down price increases – and if they could be fueling the problem. Standard economic thinking says that higher interest rates ...The Hill - Politics -
Embracer CEO Says He Deserves Criticism After Mass Layoffs And Game Cancellations
The video game industry has been beset with layoffs and canceled projects in 2024, and one company in particular, Embracer, has received a wave of criticism for laying off staff, closing studios, and cancelling games after a huge hiring spree and ...GameSpot - Tech -
These Home Sellers Are Done Waiting for the Fed to Lower Rates
Some owners need to upsize, downsize and change jobs, even if mortgage rates don’t fall soon.The Wall Street Journal - World - Federal Reserve -
BOJ's Ueda Reiterates Possibility of Rate Hike if Inflation Rises as Expected
Bank of Japan Gov. Kazuo Ueda reiterated Tuesday that the bank would raise interest rates further if inflation grows as the central bank expects.The Wall Street Journal - World -
Israel steps up airstrikes on Rafah
For more than two months, Israel has threatened to send troops into the southern Gaza city of Rafah, but even without such an operation, Rafah is under regular bombardment. Debora Patta reports from Jerusalem.CBS News - Top stories - Israel -
Israel steps up airstrikes on Rafah
For more than two months, Israel has threatened to send troops into the southern Gaza city of Rafah, but even without such an operation, Rafah is under regular bombardment. Debora Patta reports from Jerusalem.CBS News - World - Israel -
Step Up Pressure on Iran's Proxies
Tehran’s direct attack on Israel demonstrates the urgency of defeating the Axis of Resistance.The Wall Street Journal - World - Iran -
Should you lock in your mortgage rate before the April Fed meeting?
Are you shopping for a new home? Here's why you may (and may not) want to lock in your rate before the Fed meets.CBS News - Top stories - Federal Reserve -
Investors price in growing chance of another Fed interest rate rise
While base case remains reduction in borrowing costs, options market shows a 20% probability of increaseFinancial Times - Business - Federal Reserve -
Oil Edges Higher, Aided by Fed Rate-Cut Hopes
Oil edged higher in the early morning Asian session, aided by Fed rate-cut hopes.The Wall Street Journal - World - Federal Reserve -
FTC looking to accelerate inquiry into prescription-drug middlemen, chair says
The Federal Trade Commission is looking to speed up its inquiry into prescription-drug middlemen while also expanding its scrutiny of drug patents, FTC Chair Lina Khan said Tuesday.MarketWatch - Business -
Max Scherzer injury: Rangers ace to make first rehab start Wednesday, says he's 'ramping up like normal'
Scherzer has not yet pitched since back surgery in DecemberCBS Sports - Sports -
BOE to Start Rate Cuts Earlier Than U.S. Fed, Impacting Gilt Yields
The Bank of England is expected to start cutting interest-rates before the Federal Reserve as U.S. inflation remains sticky and the economy stays resilient, ING analysts say in a report.The Wall Street Journal - World -
Cramer points to signs the economy is slowing that could bring rate cuts from the Fed
CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.CNBC - Business - Federal Reserve -
World must come together to tackle plastic pollution, says chair of UN talks
Ecuadorian ambassador to the UK is hopeful impasse can be overcome at treaty negotiations in Ottawa. As UN talks begin to agree the first global treaty to reduce soaring plastic waste, the chair of the meetings has said he is confident countries ...The Guardian - World -
Informatica says it's not for sale, following Salesforce's reported interest in $10 billion deal
Informatica said Monday it was not currently in talks to sell itself, pouring cold water on reports that Salesforce was discussing a roughly $10 billion deal.CNBC - Business -
International hotel chains step up plans to expand in Europe
Groups turn to rebrands and conversions to benefit from travel boom rather than invest in costly new-buildsFinancial Times - Business -
BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash
Asset manager’s chief has become a popular target for criticism over its ESG investing stanceFinancial Times - Business -
International hotel chains step up plans to expand in Europe
Groups turn to rebrands and conversions to benefit from travel boom rather than invest in costly new-buildsFinancial Times - World -
Consulting firms step up efforts to push out their low performers
McKinsey’s mid-year reviews are the latest attempt to increase ‘attrition’Financial Times - Business -
JD Sports Steps Up U.S. Push With $1.1 Billion Deal for Hibbett
JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market.The Wall Street Journal - Business -
Russia threatens to step up attacks on western weapons in Ukraine
Russian defence minister reacts to US passage of military aid as Kyiv’s forces struggle to hold frontline positionsFinancial Times - World - Ukraine -
Russia threatens to step up attacks on western weapons in Ukraine
Russian defence minister reacts to US passage of military aid as Kyiv’s forces struggle to hold frontline positionsFinancial Times - Business - Ukraine -
Anthony Davis fed up with not winning Defensive Player of the Year: 'The league doesn't like me'
Does Davis have a DPOY case? The Lakers' star definitely thinks so.Yahoo Sports - Sports -
Defence spending in UK to be put ‘on war footing’, Rishi Sunak says – UK politics latest
Prime minister announces increase to UK defence spending to 2.5% of GDP by 2030 in speech about security. UK to boost defence spending to 2.5% of GDP, Sunak saysRishi Sunak has said that the deaths of five people who were crossing the Channel in ...The Guardian - World - United Kingdom -
No cognitive bias is more 'dramatic or dangerous' than this one, author says—here's how to avoid it
Confidence doesn't immediately raise red flags, but too much of it can keep us from asking for help or being able to admit what we don't know.CNBC - Business -
Europe is the fastest-warming continent, at nearly twice the average rate, report says
Europe is the fastest-warming continent and its temperatures are rising at roughly twice the global average, two top climate monitoring organizations reported.NBC News - Top stories -
Trump Media steps up war on short selling with advice for retail investors on how to stop brokers lending their shares
The battle comes as Trump is on the verge of being awarded shares worth more than $1 billion in the company, which is parent to his Truth Social platform.MarketWatch - Business - Donald Trump -
Comedian Kevin Hart explains how he develops stand-up routines
Kevin Hart is the highest-grossing comedian today, while also starring in movies and owning several businesses, including an entertainment company, a venture capital fund and a fast food chain.CBS News - Top stories -
He Just Wanted a Classic Packard. He Ended Up With the Addams Family's Ride.
The car from the 1990s movies happened to live near Clint Moore.The Wall Street Journal - World -
Next UN climate talks are critical to plot aid for poorer nations, says incoming president
The man who will run this year’s United Nations climate talks in November views the upcoming negotiations as a key link in international efforts to curb worsening global warming — if they can be successfulABC News - Tech - Climate