Stocks Fall after Federal Reserve Signals More Interest Rate Hikes
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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 -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
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 -
P&G’s stock falls after a sales miss, as baby and health-care volumes declined
Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.MarketWatch - Business -
California teacher dies in 140-foot fall at Arizona hiking trail
A California teacher died in a hiking accident on a steep and difficult mountain trail near Sedona, Arizona, this week, authorities said.NBC News - Top stories - California -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
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Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Democrats back Republican Speaker’s plan to advance US aid to Ukraine
Move sets stage for Saturday vote that could unlock $60bn in support for KyivFinancial Times - Business - Ukraine -
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 -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Shopify is tightening up on hiring. One analyst likes the stock more as a result.
“We believe investor expectations have over corrected,” Morgan Stanley analysts say.MarketWatch - Business -
The Score: Tesla, United Airlines, Netflix and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.The Wall Street Journal - World - Netflix -
Asia Markets Fall After Israeli Strike on Iran
Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.The Wall Street Journal - World - Israel -
Stocks waver and oil prices rise after Israeli missile strike on Iran
Direct conflict between Israel and Iran, which threaten global oil supplies and could drive up energy costs, has investors on edge.CBS News - Top stories - Israel -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
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 -
More people are evacuated after the dramatic eruption of an Indonesian volcano
Yahoo News - World -
Columbia protests continue after more than 100 arrested
Pro-Palestinian demonstrators have reoccupied Columbia University's main lawn for a third day of protests in Upper Manhattan.CBS News - Politics -
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She’s the mastermind guarding Taylor Swift’s reputationThe Wall Street Journal - World -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World -
Trump’s ‘DJT’ stock rises as CEO ‘tries to blame’ short sellers for weakness
Trump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company of Donald Trump’s social-media platform Truth Social asked regulators to look into potential illegal selling activity.MarketWatch - Business -
Oil prices post weekly loss as market sees limited risk of wider war after Israel strike on Iran
Oil prices briefly jumped more than 3% after reports of explosions near the Iranian city of Isfahan.CNBC - Business - Iran -
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
Federations critical of World Athletics prize money
World Athletics' decision to award prize money at the Paris Olympics "undermines the values of Olympism", a group of sport federations say.BBC News - Top stories -
Michigan Democratic Party reserves over $10M in ads ahead of state House elections
Michigan's Democratic Party is reserving $10.5 million in ad reservations in a bid to support candidates running in the state House elections in November. The party will spend $2.5 million in Grand Rapids, Lansing, and Detroit, respectively. One ...The Hill - Politics -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Sheetz Convenience Store Chain Faces Federal Suit for Racial Discrimination in Hiring
The EEOC asserts the company turned away Black, Native American, and Multiracial applicants with failed criminal background checks at nearly twice the rate of white applicants across is 700 stores in six states.Inc. - Business -
Federal officials investigating cockpit visit by Rockies coach during United flight
Federal officials are investigating an unauthorized inflight cockpit visit by a coach for the Colorado Rockies during a United Airlines charter flightABC News - Sports -
Scientists Fault Federal Response to Bird Flu Outbreaks on Dairy Farms
Testing for H5N1 infection has been limited, and the outbreak was never confined. But asymptomatic cows in North Carolina may require a reassessment.The New York Times - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Prosecutors Want to Ask Trump About Attacks on Women
Prosecutors are seeking to cross-examine the former president, should he take the stand, about lawsuits he has lost, including a civil jury’s finding last year that he was liable for sexually abusing the writer E. Jean Carroll.The New York Times - Top stories - Donald Trump -
Dems signal they're open to helping Johnson on foreign aid as conservatives revolt
Politico - Politics -
Israel’s Strike on Iran: A Limited Attack but a Potentially Big Signal
Israel hit a strategic city with carefully measured force, but made the point that it could strike at a center of Iran’s nuclear program.The New York Times - Top stories - 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 -
Want to Remember More? Make More Mistakes
A neuroscientist explains why errors in learning help forge our memories.The Wall Street Journal - World -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage