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Asia’s central bankers struggle to contain strong US dollar
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Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
US employers scaled back hiring in April but still added 175,000 jobs
The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job marketABC News - Top stories -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Former Merrill Lynch banker named in Segantii Capital insider dealing case
Hong Kong has brought criminal proceedings against the hedge fund and its founder Simon SadlerFinancial Times - World -
How Scrappy Cryptominer CoreWeave Transformed Into the Multibillion-Dollar Backbone of the AI Boom
CoreWeave, once a small player in crypto, is now a $19 billion unicorn that provides GPUs to AI developers. Its frenetic culture and rising competition now pose challenges, former employees say.Wired - Tech -
Henderson's Take: Just How Strong Is U.S. Manufacturing? Trucks and Fuel Send a Troubling Message
A recent ISM report suggested manufacturing expanded in March. But truck demand and diesel prices are down.The Wall Street Journal - World -
WATCH: Tornado spotted in central Texas
Dramatic video shows a large tornado touching down near homes in central Texas. Gov. Greg Abbott issued a disaster declaration for dozens of counties as the state was pummeled by severe storms.ABC News - Top stories -
Louisiana boy receives surprising reward after generously giving away his only dollar
Nine-year-old Kelvin Ellis Jr. of Louisiana had just received a dollar for good grades, the only dollar to his name. When he chose to give it away to a man he thought was homeless, he received a surprising reward. Steve Hartman has the story in ...CBS News - Top stories -
A boy gave away his only dollar. In exchange, he was rewarded for his generosity.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.CBS News - Top stories
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Two decades on, the EU needs a new Big Bang enlargement
Despite some setbacks, expansion into ex-communist Europe was a historic successFinancial Times - World - European Union -
Jobs growth in the US economy slows
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UK government’s climate action plan is unlawful, High Court rules
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Former Merrill Lynch banker named in Segantii Capital insider dealing case
Hong Kong has brought criminal proceedings against the hedge fund and its founder Simon SadlerFinancial Times - World