Why May S Jobs Data Complicates Inflation Picture for the Fed
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Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
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 -
TV and film jobs may never fully recover post-pandemic, strikes, says Teamsters president
When it comes to film and TV jobs, "you'll hear the word 'contraction' a lot," said Teamsters president Tommy O'Donnell on a recent MediaMKRS panel.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. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - 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 -
Five reasons the stock market’s ‘painful’ pullback may be nearing its end
It’s been a painful experience for investors over recent days. But it may soon come to an end says Tom LeeMarketWatch - Business -
Why buying stocks in this hot sector may turn out to be a money-losing bet
The semiconductor industry has been soaring; that won’t last forever.MarketWatch - Business -
Here's why it could be better to buy Series I bonds before May, experts say
Series I bonds could fall below 5% in May. Here's the best time for long-term investors to buy.CNBC - Business -
AP Week in Pictures: Asia
April 12-18, 2024 Shoppers are terrified after a lone assailant started stabbing people at a shopping mall in Sydney; people appreciate spring flowers like cherry and azalea blossoms in Tokyo; a King Sejong statue receives a spring cleaning in ...ABC News - World -
AP Week in Pictures: Europe and Africa
April 12-18, 2024 Performers take part in the official flame lighting ceremony in Athens in preparation for the Paris Olympics. A local resident swims in floodwater in Orenburg, Russia, after a dam on the Ural River burst. The northern lights ...ABC News - World -
Satellite Data Reveals Sinking Risk for China’s Cities
Development and groundwater pumping are causing land subsidence and heightening the risks of sea level rise.The New York Times - World - China -
AP Week in Pictures: Latin America and Caribbean
April 12 - 18, 2024 Brazilian President Luiz Inácio Lula da Silva announced the creation of two new Indigenous territories. The Biden administration reimposed oil sanctions on Venezuela. A transitional council in Haiti was formally established to ...ABC News - World -
Family 'appalled' officer shared dead body pictures
Photos of Paul Wells, who was stabbed to death by his neighbour, were shared by former PC Lewis Wood.BBC News - Top stories -
Despite the Watch World’s Secrecy, Data Services Expand
Swiss brands and retailers now have a few options to determine what’s happening with the industry. Just a couple of years ago, they had almost none.The New York Times - Lifestyle -
Job Confidence Dips Among U.S. Workers
New LinkedIn data shows that Americans are feeling less secure in their jobs than in January. The sentiment among job seekers is even worse.Inc. - Business -
A contrarian take on the US inflation freakout
Not as bad as it looks — better for the Fed to keep calm, and carry on?Financial Times - World -
Moving pictures: travelling cinema takes stories of ‘departures and dreams’ to Senegal
Cinemovel is screening Oscar-nominated Io Capitano to packed houses around the country, highlighting the perils migrants face on the journey to Europe. At about 1pm on Monday a 35-seater bus arrived in Pikine, a city east of the Senegalese ...The Guardian - World -
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 -
Indians vote in huge election dominated by jobs, Hindu pride and Modi
Yahoo News - World -
BOC's Macklem Says Inflation Edges 'Closer to Normal'
Bank of Canada Gov. Tiff Macklem says inflation is getting “closer to normal” and officials will monitor incoming data to check whether the downward momentum can be maintained.The Wall Street Journal - World -
Indiana limits abortion data for privacy under near-total ban, but some GOP candidates push back
Some Indiana Republicans in key campaigns for office are fighting for access to detailed abortion reports that the health department stopped releasing to protect patient privacy under a near-total ban on the procedureABC News - Health - Abortion -
European carbon trading catching less than quarter of airline emissions, data finds
With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by systemFinancial Times - World -
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 -
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 -
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 -
Only Watch, a Charity Auction, Is Rescheduled for May
A social media controversy over the financial transparency of the Monaco association that organizes the event had prompted its cancellation last fall.The New York Times - Lifestyle -
House advances aid bills for Israel, Ukraine, putting Johnson's speaker job in jeopardy
House Speaker Mike Johnson has introduced several standalone measures to provide funding for American allies abroad and U.S. border security, but a handful of Republicans really hate the idea. CBS News congressional correspondent Nikole Killion is ...CBS News - Top stories -
Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.MarketWatch - Business -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.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 -
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 -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
R.F.K. Jr.’s Environmental Colleagues Urge Him to Drop Presidential Bid
Nearly 50 leaders and activists who worked with Mr. Kennedy at an environmental nonprofit group will run ads calling on him to “Honor our planet, drop out.”The New York Times - Top stories -
Murphy fires back at Trump Jr. on Mayorkas vote: 'Republicans are full of s‑‑‑'
Sen. Chris Murphy (D-Conn.) fired back at Donald Trump Jr. on Friday for calling out three Senate Democrats who voted to end the impeachment case against Homeland Security Secretary Alejandro Mayorkas. “Your Friday morning reminder that ...The Hill - Politics - Donald Trump