Bank of England Expected to Keep Up Interest Rate Rises
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Traders examine interest rate bets after inflation updates
Also in this newsletter: Putin hits out at west, Slovak PM shot, measuring productivity in the officeFinancial Times - World -
Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
England’s universities face ‘closure’ risk after student numbers dive
Report from Office for Students warns ‘significant changes’ needed to ‘funding model’Financial Times - Business -
US Treasury threatens Austria’s Raiffeisen Bank over Russia unit
Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctionsFinancial Times - Business - Russia -
Soros Fund Management dumps New York Community Bank stake
Soros Fund Management eliminated its stake in New York Community Bank, a regulatory filing shows.MarketWatch - Business - New York -
Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.The New York Times - Business -
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.CNBC - Business -
King Charles' new portrait elicits interesting reactions: 'Looks like he's bathing in blood'
A new portrait of King Charles is roiling some royals fans. In the painting, the king's face seems to float above a red Welsh Guards uniform, all in a sea of red.Los Angeles Times - Entertainment -
Bill Ackman’s Pershing Square dumps stake in Lowe’s, keeps Google
Home-improvement retailers are in the spotlight as mortgage rates stay highMarketWatch - Business - Google -
Most Asian Currencies Strengthen, Boosted by Fed Rate-Cut Hopes
Most Asian currencies strengthened against the USD in the morning session, boosted by hopes for Fed rate cuts which would undermine the allure of U.S. fixed-income assets and demand for the greenback.The Wall Street Journal - World - Federal Reserve -
Gold Edges Higher, Supported by Fed Rate-Cut Bets
Gold edged higher in the early Asian session, supported by bets for Fed rate cuts which would enhance the appeal of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Ben Carson keeps his distance as other VP contenders audition for Trump
Ben Carson remains in contention to be Trump's VP pick, even as others throw themselves more forcefully into public auditions for the job.NBC News - Politics - Donald Trump -
California Will Add a Fixed Charge to Electric Bills and Reduce Rates
Officials said the decision would lower bills and encourage people to use cars and appliances that did not use fossil fuels, but some experts said it would discourage energy efficiency.The New York Times - Tech - California -
Nikkei Rises 0.8%, Led by Electronics Stocks
Japanese stocks were higher in early trade, led by gains in electronics stocks after an easing of U.S. inflation pushed major U.S. stock indexes to record highs overnight.The Wall Street Journal - World -
Uber Swings to Loss Despite Rising Revenue
The ride-hailing company’s bottom line, which had at last turned positive last year, was hit by investments and legal settlements.The Wall Street Journal - Tech -
America is pulling up the drawbridge
The nation is growing tired of upholding the economic rules it laid out for the world after 1945Financial Times - Business -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
Long-Term JGBs Rise, Tracking Gains in U.S. Treasurys
Long-term JGBs rose in the morning Tokyo session, tracking overnight gains in Treasurys.The Wall Street Journal - World -
Oil Rises, Buoyed by Second Straight Weekly Fall in U.S. Inventories
Oil gained in early Asian trade, buoyed by a second straight weekly decline in U.S. inventories.The Wall Street Journal - World -
‘He is borrowing from Trump’: the rise of Robert Fico, Slovakia’s populist leader
The veteran politician shot and wounded on Wednesday, is a fan of Viktor Orbán and has embraced ever more extreme positions to retain power. Robert Fico ‘in life-threatening condition’ – latest updatesSlovakia prime minister Robert Fico shot and ...The Guardian - World - Donald Trump -
'Scottie is that guy': Stories behind Scheffler's rise to the top of the golf world
At the PGA Championship, Scheffler can become the first golfer to win the first two majors of a season since 2015.ESPN - Sports -
Smartphones Can Now Last 7 Years. Here’s How to Keep Them Working.
Google and Samsung used to update smartphone software for only three years. That has changed.The New York Times - Tech -
Orioles rally past Blue Jays with Adley Rutschman walk-off to keep 105-series sweepless streak alive
The Orioles, who have gone 105 straight series without being swept, are on pace to surpass the all-time record shortly after the All-Star break.Yahoo Sports - Sports - MLB -
'Glow up' for Bridgerton stars as new season starts
Colin and Penelope's relationship is at the centre of the third season of Netflix's period drama.BBC News - Top stories -
Menendez "put his power up for sale," prosecutor argues in bribery trial
A lawyer for New Jersey Sen. Bob Menendez sought to pin the blame on his wife, Nadine Menendez.CBS News - Politics -
Child Migration Through Darien Gap Up 40% This Year, Report Says
Yahoo News - World -
Angel Reese pulls up fitted for her WNBA debut in Dallas
Angel Reese, the Sky's ninth overall pick of the 2024 draft, is ready for her first professional gameYahoo Sports - Sports - WNBA -
'Shiver up the spine': Leagues weigh betting risks after Porter scandal
Sportsbooks say legal betting allows for greater transparency, but is the new market causing the issues?ESPN - Sports -
Ben Gibbard on that glow-up of a haircut and his love-hate relationship with L.A.
Ahead of dual performances at Saturday's Just Like Heaven festival, Ben Gibbard talks about his overlapping careers with the Postal Service and Death Cab for Cutie.Los Angeles Times - Entertainment -
Participation in the NHL's player assistance program is up this season. That may not be a bad thing
Five NHL players left their teams this season to receive care from an off-ice assistance program run by the league and unionABC News - Health -
Stormy Daniels wraps up testimony in Trump hush money trial
The testimony of adult film actress Stormy Daniels, a central figure in the criminal case against Donald Trump, wrapped on Thursday after the former president's lawyers continued their attack on her credibility.CNN - Top stories - Donald Trump -
Biden Warns Mexico Against Letting Chinese EV Makers Set Up Shop There
The administration's aggressive moves against cheap Chinese imports addresses a possible loophole that could be used to evade new high tariffs.Inc. - Business - Joe Biden -
Eurostar plans up to 50 new trains and more services to tap ‘huge’ demand
Operator wants to open new routes from London and increase fleet by a thirdFinancial Times - Business -
Angela Alsobrooks wins pricey Maryland Senate primary, setting up clash with former governor
Alsobrooks, who overcame tens of millions of dollars in spending from David Trone, will face a competitive race against Hogan in the fall.NBC News - Politics -
Here are some of the tech stocks Daniel Loeb’s Third Point hedge fund has snapped up
Daniel Loeb’s Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.MarketWatch - Business -
Child migration through Panama's dangerous Darien Gap is up 40%, UN report says
A U.N. report says child migration through Panama’s dangerous Darien Gap is up 40% so far this yearABC News - World -
New Final Fantasy VII Cloud And Tifa Collectible Figures Up For Preorder At Amazon
Final Fantasy VII Rebirth is finally available on PS5, but that's not the only big Final Fantasy VII-related releases fans have to look forward to. Square Enix is launching a number of new, official figures based on Final Fantasy VII's most ...GameSpot - Tech -
Keir Starmer puts six key pledges ‘up in lights’ to win over swing voters
Campaign material to include pledges on NHS wait times and recruiting teachers. Keir Starmer will on Thursday unveil his version of New Labour’s pledge card for the next general election with six key commitments “put up in lights” as part of his ...The Guardian - World -
Hamano pushes Chelsea past Spurs to set up furious final day in WSL title race
Emma Hayes was philosophical after Chelsea’s 1-0 win against Tottenham, glad that her side had grasped its “second chance”, to keep them level on points with Manchester City going into the final day of the season. “I love the saying: ‘When someone ...The Guardian - World -
Ty France homers, Bryan Woo picks up his first win and the Mariners beat the Royals 4-2
Ty France homered for the second time in three games, Bryan Woo allowed one run over 5 1/3 innings for his first win, and the Seattle Mariners beat the Kansas City Royals 4-2ABC News - Sports - MLB