Fed May Need to Accelerate Rate Hikes Jerome Powell Says
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Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Cramer says two recent earnings reports may indicate a slowdown is brewing — but not enough for a Fed cut
CNBC's Jim Cramer said disappointing quarters from trucker J.B. Hunt and real estate investment trust Prologis could mean an economic slowdown is brewing.CNBC - Business -
Why the Fed Should Declare Victory and Cut Interest Rates.
Small business owners are being punished by the central bank's data obsession. We need to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Nasdaq Drops After Israel Strikes Iran
U.S. stocks were mixed, with the Nasdaq in retreat and the Dow edging higher.The Wall Street Journal - World - Iran -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
DfE says 85,000 more free childcare places needed
The Department for Education estimates about 40,000 staff are also needed in England by September 2025.BBC News - Top stories -
UK inflation could stay near 2% target for three years, says BoE rate-setter
Dave Ramsden’s comments suggest he does not need much more evidence of price growth falling before backing rate cutsFinancial Times - Business - United Kingdom -
Kremlin spy suspect arrests may be tip of iceberg, says former German agency chief
Gerhard Schindler says Russia has been ‘ramping up’ operations in west, as two men are accused of plotting sabotage at military sites. . A former head of Germany’s foreign intelligence service has warned that the discovery of two men suspected of ...The Guardian - World - Germany -
Scientists push new paradigm of animal consciousness, saying even insects may be sentient
Far more animals than previously thought likely have consciousness, top scientists say in a new declaration — including fish, lobsters and octopus. Recent research backs them up.NBC News - Top stories -
Bitcoin halving isn't a big deal for long-term investors, but may have a 'huge' impact on one key group, says Columbia professor
Bitcoin's upcoming halving is likely to impact miners and long-term holders differently, says Columbia professor.CNBC - Business -
Tesla recalls Cybertrucks over accelerator crash risk
The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.BBC News - Top stories - Tesla -
Tesla recalls new Cybertrucks over accelerator hazard
Tesla is recalling some of its Cybertruck vehicles after a hazard was found with the accelerator pedal. According to a recall notice posted by the National Highway Traffic Safety Administration (NHTSA), the accelerator pedal pad may dislodge and ...The Hill - Politics - Tesla -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Tesla to Recall 3,878 Cybertrucks Due to Accelerator Pedal Problem
The National Highway Traffic Safety Administration says the Cybertruck’s accelerator pedal pad might dislodge and get trapped, causing the vehicle to accelerate unintentionally.The Wall Street Journal - World - Tesla -
Tesla recalls almost 4,000 Cybertrucks over faulty accelerator
Tesla is recalling almost 4,000 of its flagship Cybertrucks to fix a potentially dangerous fault with their accelerators' pedals.NBC News - Top stories - Tesla -
Tesla recalls nearly 4,000 Cybertrucks over faulty accelerator pedal
US officials say pedal pad could come loose and get lodged in interior trim, causing vehicle to accelerate unintentionally. Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior ...The Guardian - World - Tesla -
Gold Futures Rise After Israel Strikes Iranian Targets
Gold futures edged up on Middle East tensions, but were off earlier highs, with Swissquote Bank saying the market will likely see a further flight to safe havens before the end of the day on fears of an escalation over the weekend.The Wall Street Journal - World - Israel -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Gilt Yields Fall After Weak U.K. Retail Sales Data
Gilt yields declined following weaker-than-expected U.K. retail sales data, increasing prospects of a Bank of England interest-rate cut in the coming months.The Wall Street Journal - World - United Kingdom -
Will Rishi Sunak be crushed by the May 2 local elections?
Tory MPs believe PM could face no-confidence vote if party loses crucial mayoralties and hundreds of council seatsFinancial Times - Business -
Paris Olympics 2024: Everything you need to know
The 2024 Olympics will be in Paris, France. It is the third time the French capital has hosted the summer Games, the first being in 1900 and the second in 1924, exactly 100 years ago.Yahoo Sports - Sports - Olympics -
Penny Mordaunt could use sword to open an Aldi
The MP famously carried a 17th Century ceremonial blade at the Coronation of King Charles III.BBC News - Top stories - US Open -
Music and sports fans told: brace for a summer of ticket scams
Big events will encourage a fresh wave of fraud — here’s what you need to know to beat the scammersFinancial Times - World -
Sudan is in need — why is the world silent yet again?
Why are Sudanese lives seemingly unworthy of attention?The Hill - Politics -
The Mayorkas impeachment was quickly dismissed, but its politics may not be
However you viewed the Mayorkas impeachment articles, its politics was brutal for Senate Democrats.The Hill - Politics -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Kerr humbly admits he needs to rediscover his A-game next season
Steve Kerr is the first to admit that he needs to do a better job of implementing and teaching his complex Warriors system.Yahoo Sports - Sports -
EU watchdog warns bloc still needs Russian LNG
Warning comes as Nordic and Baltic countries seek total ban on imports of the fuel from MoscowFinancial Times - Business - European Union -
Long-Acting Drugs May Revolutionize H.I.V. Prevention and Treatment
New regimens in development, including once-weekly pills and semiannual shots, could help control the virus in hard-to-reach populations.The New York Times - Health