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Canada Traders Expect Rate Cuts to Begin June, Continue Through Late 2024
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Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.The Wall Street Journal - World -
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 -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Jobs Data Revives Wall Street’s Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.The New York Times - Business
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Candy giant Hershey said sales rose 8.9% from year-ago levels, benefiting from both higher prices and volumes.
Candy giant Hershey said sales rose 8.9% from year-ago levels, benefiting from both higher prices and volumes.The Wall Street Journal - World -
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Pro-Palestinian protesters on college campuses received training and guidance from longtime activists and left-wing groupsThe Wall Street Journal - World -
Elon Musk Tries to Make Himself Indispensable at Tesla Ahead of Pay Vote
The CEO is shifting the EV maker’s strategy and suggesting that he could take his ideas on AI elsewhere.The Wall Street Journal - World - Elon Musk -
Activist Groups Trained Students for Months Before Campus Protests
The political tactics underlying some of the demonstrations were the result of months of training, planning and encouragement by longtime activists and left-wing groups.The Wall Street Journal - World -
The CEO Who Hired His Wife, Gave His Dog a Title, and Brought Down a Bank
Vernon Hill, the builder of Commerce Bank and Metro Bank, was also behind toppled Republic First.The Wall Street Journal - World