This Is Why Svb Imploded Says Top Fed Official
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Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.NBC News - Top stories - Federal Reserve -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - Business - Federal Reserve -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - World - Federal Reserve -
5th person charged in killing of 2 Kansas moms, officials say
Paul Grice, 31, was arrested and charged by Oklahoma authorities with murder and kidnapping in connection to the deaths of Veronica Butler and Jilian Kelley.CBS News - Top stories -
San Diego official says city is ‘new epicenter’ of border crisis
A San Diego official on Thursday dubbed his city the “new epicenter” for the border crisis and criticized California for “inflicting this upon ourselves.” “San Diego is the new epicenter for migrants and illegal immigration,” San Diego District 5 ...The Hill - Politics -
U.N. Official Says ‘Every Day Counts’ in Aid Efforts for Gaza
The top coordinator for humanitarian aid in the territory said Israel had made progress but that much more needed to be done to meet the vast need there.The New York Times - World -
The Latest | Officials say Egypt sending cease-fire delegation to Israel
Officials say Egypt is sending a high-level delegation to Israel in the hope of reaching a cease-fire agreement with Hamas in GazaABC News - World - Israel -
GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves
Buying stocks after the “final rate hike” in a cycle demands perfect timing.MarketWatch - Business -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Hamas official says group would lay down its arms if an independent Palestinian state is established
A top Hamas political official has told The Associated Press the Islamic militant group is willing to agree to a five-year truce with Israel and that it will lay down its weapons and convert into a political party if an independent Palestinian ...ABC News - World -
Over 100 pilot whales beached on western Australian coast have been rescued, officials say
Officials say more than 100 long-finned pilot whales that beached on the western Australian coast have returned to sea, while 29 had died on the shoreABC News - World -
Over 100 pilot whales beached on western Australian coast have been rescued, officials say
Yahoo News - World -
Trump immunity case takeaways: Worry over lawlessness or hobbling POTUS dominates
The Supreme Court heard a historic case on whether Trump has immunity or can be criminally prosecuted over his efforts to overturn his 2020 election lossABC News - Top stories - Donald Trump -
US on track to deliver aid to Gaza from sea by early May, officials say
The U.S. is on track to start delivering critical humanitarian aid into Gaza through a maritime corridor by early May and more details of the plan have been worked out, officials said. A senior military official said in a press call that ...The Hill - Politics -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve -
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency's power to broadly prohibit practices it says are anticompetitive.
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency’s power to broadly prohibit practices it says are anticompetitive.The Wall Street Journal - World -
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency's power to broadly prohibit practices it says are anticompetitive.
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency’s power to broadly prohibit practices it says are anticompetitive.The Wall Street Journal - World -
Chicago’s infamous sidewalk ‘rat hole’ removed by officials
City officials made the decision after saying the sidewalk in Roscoe Village was damaged and needed to be replaced. A Chicago sidewalk landmark some residents affectionately referred to as the “rat hole” has been removed after city officials ...The Guardian - World -
Officially a Bear: Caleb Williams aims to save Chicago
It has been a long, long time since the Bears had a star at quarterback.Yahoo Sports - Sports -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.The New York Times - Business - Federal Reserve -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - Business - Japan -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - World - Japan -
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.The New York Times - Top stories - Federal Reserve -
Confounding U.S. Economic, Inflation Data Muddy Fed's Rate Path
Inflation isn't dropping, productivity is high and unemployment is low, making a rate cut less likely in the near term.Inc. - Business - Federal Reserve -
Trump Allies Draw Up Plans to Blunt Fed's Independence
Some former Trump administration officials argue that the president could help set interest rates and oust Jerome Powell as Federal Reserve chair.The Wall Street Journal - World - Donald Trump -
Senior Russian Military Official Held on Corruption Charges in Defense Deals
A deputy defense minister responsible for the armed forces’ most ambitious construction projects was arrested in the highest-profile corruption scandal Russia has seen in years.The Wall Street Journal - World - Russia -
Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai
U.S. Secretary of State Antony Blinken has raised what the U.S. describes as unfair Chinese trade practices in meetings with local government officials in the financial hub of ShanghaiABC News - World -
Middle East Crisis: U.S. and 17 Other Nations Call on Hamas to Release Hostages
“The fate of the hostages and the civilian population in Gaza, who are protected under international law, is of international concern,” the leaders said in a joint statement.The New York Times - World -
Croatian officials welcome the arrival of Rafale fighter jets purchased from France
Yahoo News - World -
Croatian officials welcome the arrival of Rafale fighter jets purchased from France
The first six of 12 Rafale multipurpose fighter jets purchased by Croatia from France have landed at an air force base near Zagreb with a welcome ceremony attended by top officialsABC News - World -
Kagan asks Trump lawyer if a president calling for a coup is an official act
Justice Elena Kagan questioned an attorney for former President Trump about whether a president calling for a coup to remain in power would be considered an official act, and therefore should be immune from prosecution.NBC News - Politics - Donald Trump -
In Trump immunity case, Supreme Court seems open to some protection
The Supreme Court convened to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.CBS News - Politics - Donald Trump -
Ex-official told investigators Trump had 'no standing declassification order'
A former administration official told investigators that President Trump had "no standing declassification order" regarding documents in his possession, a filing says.ABC News - Top stories - Donald Trump -
When U.S. Officials Visit China, Their Food Choices Are Closely Watched
Visits to China by American officials like Secretary of State Antony J. Blinken can bring fame to local restaurants, as well as scrutiny to the dignitaries.The New York Times - World -
Why is it so cold this week?
Why has the weather felt so wintry recently, and when can we expect a change to something warmer?BBC News - Top stories -
Why Israel is dominating the news
In a deeply polarized nation, violence makes news.The Hill - Politics - Israel -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Capital One-Discover merger comment period extended by Feds in move seen as routine
A comment period extension for the blockbuster $35 billion acquisition of Discover Financial Services by Capital One Financial Corp. isn’t a signal that the deal will be spiked for being anti-competitive, analysts said.MarketWatch - Business