Fed Set to Impose Smaller Hike May Hint of Fewer Increases
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Biden Tax Increases Won’t Hit Middle Class, Yellen Says
Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025.The New York Times - Business - Joe Biden -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Posts misleadingly claimed Nigeria’s Lagos state increased monthly minimum wage
Yahoo News - World -
Democrats signal further increases to defense funding could come at cost for GOP
Prominent Democrats said Wednesday that any increases to defense spending beyond the budget limits agreed to as part of a bipartisan deal last year must also be met with parity for domestic programs. In remarks to the press on Wednesday, Senate ...The Hill - Politics -
Venezuela’s Maduro Increases Minimum Wage to $130 Ahead of Vote
Yahoo News - World -
We are hiking our price target on Eaton as demand for AI computing power heats up
Results under the hood were a bit mixed, but the positives far outweighed the negatives.CNBC - Business -
Novo Nordisk says starter doses of weight-loss drug surge as company hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after the company boosted supplies to meet insatiable demand.MarketWatch - Business -
Two-year Treasury yield remains below 5% after Powell suggests rate hike unlikely
Rates on U.S. government debt were little changed to higher Thursday morning, a day after the Federal Reserve’s latest policy update, as weekly jobless-benefit claims pointed to continued strength in the labor market.MarketWatch - Business -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.CNBC - Business -
How Taking Regular Short Breaks Can Increase Your Productivity and Happiness at Work
It's not only that you take a break; it's how you take a break.Inc. - Business -
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market, according to ADP.NBC News - Top stories -
Norway to add millions more to historic increase in defense spending announced last month
The Norwegian center-left government says it wants to add 7 billion kroner, or $630 million to the Scandinavian country’s armed forces over the next 12 years amid increased tensions in the regionABC News - World -
The Fed Wants What It Can't Have
Jerome Powell held rates steady and shared mixed signals.Inc. - Business - Federal Reserve -
Luka Doncic stars as Clippers' big names no-show | The case for LeBron as 76er
Mavericks take 3-2 series lead behind Luka's 35-point, 10-assist nightCBS Sports - Sports - NBA -
Starfield May Update
Learn more about the biggest update coming to Starfield on May 15th, 2024.GameSpot - Tech -
May Reliever Rankings
Matthew Pouliot breaks down the May relief pitcher rankings.Yahoo Sports - Sports -
Metals Fall Ahead of Fed Policy Decision
Metal prices traded lower, with gold falling back below $2,300, as traders further temper expectations on the timing of U.S. interest-rate cuts this year.The Wall Street Journal - World - Federal Reserve -
Analysis: The Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage today for a summer rate cut.The Wall Street Journal - World -
What to Watch for at Today’s Fed Meeting on Interest Rates
Policymakers are expected to leave borrowing costs unchanged, but investors are bracing for signals that rates will stay higher for longer.The New York Times - Top stories - Federal Reserve -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.The New York Times - Business - Federal Reserve -
Analysis: Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage for a summer rate cut.The Wall Street Journal - World -
Fed Prepares Slower Pace of Runoff for Treasury Securities
Fed Prepares Slower Pace of Runoff for Treasury SecuritiesThe Wall Street Journal - World - Federal Reserve -
SPDR Gold Rises Following Fed Decision
Gold futures were up 0.8% in late trading, after settling up 0.4% — the fourth time out of the past five sessions they’ve risen.The Wall Street Journal - World - Federal Reserve -
Treasury Yields Fall Slightly After Fed Decision
The U.S. central bank confirmed expectations by holding interest rates unchanged.The Wall Street Journal - World - Federal Reserve -
Stalled Inflation Vexes the Fed. Is It Noise or a New Trend?
The fundamentals suggest inflation should still be headed down, but the Fed isn’t betting on that.The Wall Street Journal - World -
US warns rates to stay high as it battles inflation
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.BBC News - Top stories -
Treasury Yields Decline Amid U.S. Jobs Resilience
Treasury yields fell as markets coalesced around the idea that the Fed might cut interest rates only once or twice this year, depending on the data.The Wall Street Journal - World -
Gold Gains on Softer-Than-Expected Fed Rhetoric
Base metals and gold gained after the Federal Reserve’s comments came in softer than expected.The Wall Street Journal - World - Federal Reserve -
FirstFT: Fed to leave rates higher for even longer
Also in today’s newsletter, latest on campus demonstrations and cruise operator Viking’s market debutFinancial Times - World - Federal Reserve -
Euro's Scope to Fall Due to ECB Rate Cuts Looks Limited
The European Central Bank could cut interest rates more than the Federal Reserve this year but any depreciation in the euro-dollar exchange rate may be limited, Monex Europe said.The Wall Street Journal - World -
What Will It Take for the Fed to Lower Interest Rates?
Stubbornly high inflation has scrambled the central bank’s outlook. Wall Street is now shifting focus to Friday’s jobs report for clues on its next move.The New York Times - Business - Federal Reserve -
'Hacks' Season 3 Review: A Sublime New Set
Jean Smart returns as comedian Deborah Vance in this Max series, which remains both hilarious and sophisticated.The Wall Street Journal - World -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - World -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business