Bank of Canada Raises Rates Declares Pause to Assess Economic Impact
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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 -
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 -
The economics of running
Does a hotter economy really make you faster?Financial Times - World -
Gold heist spotlights illegal US-Canada gun trade
The majority of handguns used in Canadian crimes come from the US, where gun laws are much more lax.BBC News - Top stories -
Biden’s LNG pause a sensible step for climate stability, health of communities
President Biden has spoken eloquently of the existential threat posed by the climate crisis. He must begin to govern like a leader, take even stronger action, and stand up to those who would seek to undo the temporary LNG pause he just recently ...The Hill - Politics - Joe Biden -
Comer threatens to subpoena Granholm for testimony on SPR withdrawals, LNG export pause
House Oversight Committee Chair James Comer (R-Ky.) threatened to subpoena Energy Secretary Jennifer Granholm Friday to ensure her appearance at a May 15 hearing. “Secretary Granholm must avoid further delay & appear for a scheduled hearing on May ...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 -
EPA declares 2 forever chemicals are 'hazardous,' putting polluters on the hook for cleanup
The Biden administration on Friday designated two pervasive pollutants as “hazardous substances” — making it easier to put companies that dumped them on the hook for cleanup costs. The move, by the Environmental Protection Agency (EPA), ...The Hill - Politics -
UConn freshman guard Stephon Castle declares for 2024 NBA Draft
Castle is the third member of the 2023-24 Huskies to declare for the NBA Draft.Yahoo Sports - Sports - NBA -
Mistral in talks to raise €500mn at €5bn valuation
One-year-old French start-up approached by multiple investors who view it as Europe’s answer to OpenAIFinancial Times - Business -
R.F.K. Jr. Raises New Uncertainty for Biden in Michigan
Mr. Kennedy’s success in landing on the battleground state’s ballot guarantees that he will shape the race this November. Both parties are racing to define him.The New York Times - Top stories - Joe Biden -
European Union official von der Leyen visits the Finland-Russia border to assess security situation
Yahoo News - World - Russia -
U.S. deports about 50 Haitians to nation hit with gang violence, ending monthslong pause in flights
The Biden administration sent about 50 Haitians back to their country on Thursday marking the first deportation flight in several months to the nation struggling with gang violence.NBC News - Top stories -
European Union official von der Leyen visits the Finland-Russia border to assess security situation
The head of the European Union’s executive branch says that Finland’s decision to close its border crossings with Russia over a surge in migrants is a security matter for the whole 27-member bloc to considerABC News - World - Russia -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - 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 -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Politics -
China Hits U.S. With Levy on Chemical as Trade Tensions Rise
China slapped a levy on imports from the U.S. of a widely used chemical, a small salvo in an escalating trade dispute between Washington and Beijing.The Wall Street Journal - World - China -
Abolishing IHT tax reliefs could raise £3bn, IFS finds
Eliminating Aim, business and pension scheme tax relief would make the scheme fairer, said the think-tankFinancial Times - World -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Chelsea’s £76.5m hotel deals raise questions over PSR compliance
Club’s losses reduced by property deal with sister companyChelsea would have lost £166.4m without hotel salesPremier League clubs reacted with exasperation after seeing that Chelsea eased their financial position with the £76.5m sale of two ...The Guardian - World -
Arrests of Europeans for Aiding Russia Raise Fears of Kremlin’s Reach
A string of arrests, including two Poles accused of attacking a Navalny aide and a third for ties to a possible plot against Ukraine’s president, have amplified worries of Russian infiltration.The New York Times - Top stories - Russia -
Shopify Just Revealed a New Points-System Approach to Pay Raises
Here's the secret: You're probably doing something similar.Inc. - Business -
Girl, 7, starts lemonade stand to raise money for mother's headstone
The first time Emouree went to the cemetery with her grandmother, she couldn't understand why everyone else got a giant granite headstone, but her mother just received a tiny metal one.CBS News - Top stories -
UConn freshman Stephon Castle declares for NBA draft and becomes school's second one-and-done player
UConn freshman Stephon Castle has entered his name into the NBA draft, becoming the fifth Husky starter to at least explore moving on after Connecticut’s latest title runABC News - Sports - NBA -
NY AG asks Trump civil fraud judge to declare $175M bond 'without effect'
The New York attorney general's office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud case. State lawyers said in court filings Friday that the ...The Hill - Politics - Donald Trump -
U.S. dollar — and its No. 1 status — could become a casualty of economic war
A less-respected U.S. dollar will have major implications for world trade and American consumers.MarketWatch - Business -
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 -
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 -
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 -
Children of reality TV's Chrisleys hope court hearing is step toward bringing convicted parents home
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
Kenya’s ‘blood desert’: can walking donor banks and drones help more patients survive?
The national blood deficit is most pressing in places like Turkana, where malaria, anaemia and violence make heavy demands on transfusion services – and doctors are pinning their hopes on innovation. In his small cubicle in Lodwar County referral ...The Guardian - World -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
Victimise people who raise a voice in Britain? Then destroy their families? Not in my name | George Monbiot
Marcus Decker dared to protest on climate and was punished. Now he could be deported. Is that a humane democracy?. When the traditional ruling class was obliged to concede to demands for democracy, it gave away as little as possible. We could ...The Guardian - World -
Reince Priebus Was Pushed Out by Trump. Now He's Raising Money for His Coronation.
The former White House chief of staff, who has longtime Wisconsin ties, aims to bring in $70 million for the Republican convention in Milwaukee.The Wall Street Journal - World -
Cinemark poised to reap the benefits of a better box office, says Wedbush, raising price target and estimates
Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.MarketWatch - Business