Bank of Canada Lifts Rates to 22 Year High Ending Four Month Pause
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Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
U.S. 10-Year Treasury Yield Remains Near Multi-Month Highs
Treasury yields remained at multi-month highs they reached on Thursday, following weaker-than-expected first-quarter GDP and a stronger-than-expected acceleration in core PCE inflation.The Wall Street Journal - World -
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 -
SpaceX Worker Injury Rates Are Alarmingly High for Second Year in a Row
Injury rates among SpaceX employees are as much as nine times higher than the industry average in some facilities.Inc. - Business -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Southwest Airlines is ending flights to four airports — and that’s not even the big news for travelers
Sit down for this one, Southwest Airlines travelers: The airline carrier with a distinct seating policy has suggested it’s rethinking its approach.MarketWatch - Business -
What the End of Negative Rates Means for Japan
The world’s fourth-largest economy is entering a new era, and there’s a lot at stake.The Wall Street Journal - World - Japan -
A High School Reunion Reignites a 50-Year Crush
Elaine Hall and Roland Passaro, both 88, met in junior high school in 1950 but lost touch before acting on their connection. They finally did, five decades later.The New York Times - Lifestyle -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Copper Futures Hit Two-Year High
Copper futures reached a fresh high, gaining from sanctions on Russian metals, tight market fundamentals and increasing structural demand.The Wall Street Journal - World -
U.S. birth rate drops to record low, ending pandemic uptick
CDC's provisional figures show a 2% decline in births from 2022 to 2023.CBS News - Top stories -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - World -
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.The Wall Street Journal - World - Japan -
Persistently High Commodity Prices Could Delay Rate Cuts
Global commodity prices are expected to soften this year and next but remain considerably above prepandemic levels, making it harder for central banks to lower inflation and loosen monetary policy, the World Bank said.The Wall Street Journal - World -
Copper Futures Break $10,000 a Ton, Rising to Two-Year Highs
Copper futures topped $10,000 a ton, hitting a two-year high, buoyed by sanctions on Russian metals, tighter individual market fundamentals and an overall improvement in the health of the global economy, BMI said.The Wall Street Journal - World -
Lions sign Amon-Ra St. Brown to four-year extension, making him one of NFL's highest-paid WRs
Big bucks are flying in DetroitCBS Sports - Sports - NFL -
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 -
US births fell last year, marking an end to the late pandemic rebound, experts say
The number of U.S. births fell last yearABC News - Health -
Scottish leader faces battle for survival after ending power-sharing deal over climate change clash
Scotland’s leader is facing a potential battle for survival after ending a three-year power-sharing agreement with the Scottish Green Party following a clash over climate change policiesABC News - World - Climate -
U.S. births fell last year, marking an end to the late pandemic rebound, experts say
U.S. births fell last year, resuming a long national slide. A little under 3.6 million babies were born in 2023, according to provisional statistics released Thursday.NBC News - Top stories -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.The Wall Street Journal - World -
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.MarketWatch - Business -
Yen slumps to fresh 34-year low as Bank of Japan stands pat with no sign of intervention
The Japanese yen fell to a fresh 34-year low versus the U.S. dollar after the Bank of Japan left monetary policy unchanged and gave little indication that intervention to support the currency was imminent.MarketWatch - Business -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
The U.S. fertility rate fell to 1.62 births per woman in 2023, a 2% decline from a year earlier and the lowest rate since the government began tracking it in the 1930s.
The U.S. fertility rate fell to 1.62 births per woman in 2023, a 2% decline from a year earlier and the lowest rate since the government began tracking it in the 1930s.The Wall Street Journal - World -
Honda Commits to E.V.s With Big Investment in Canada
The Japanese automaker, which has been slow to sell electric vehicles, said it would invest $11 billion to make batteries and cars in Ontario.The New York Times - Business -
Wrexham schedules 3 games in US and Canada in July
Ryan Reynolds and Rob McElhenney are taking Wrexham back to the United States this summerABC News - Sports -
Southwest closing operations at four airports
Southwest is closing operations at four airports because of delivery delays for Boeing airliners. The cutback comes as the airline reported a first-quarter loss of $231 million, and said it will also limit hiring and offer voluntary leave to ...The Hill - Politics -
Remy Cointreau Lifted by China Improvement
Remy Cointreau posted fourth-quarter sales slightly ahead of views, as it saw a better-than-expected performance in China, but continued to destock in the U.S.The Wall Street Journal - World - China -
Remy Cointreau Lifted by China Improvement
Remy Cointreau posted fourth-quarter sales slightly ahead of views, as it saw a better-than-expected performance in China, but continued to destock in the U.S.The Wall Street Journal - Business - China -
April 22, 2024 - Protests at Columbia and other schools escalate
Heightened tensions around pro-Palestinian protests on the campus of Columbia University have led the school to go all-virtual on Monday. The protests are now in their sixth day.CNN - Top stories -
Honda to build $11 billion electric vehicle hub in Canada
Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.CNBC - Business -
Wearing denim for Sexual Assault Awareness Month
Yahoo News - World -
Southwest Quits Four Airports in Cost-Cutting Drive
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.The New York Times - Business -
A new set of ‘Four Questions’ for anti-Israel protesters
This week, I have my own set of Four Questions, posed to the young people occupying and disrupting college campuses and businesses to protest Israel.The Hill - Politics - Israel -
Four ways climate change affects extreme weather
Extreme weather is becoming more frequent and more intense in many places because of climate change.BBC News - Top stories - Climate