Consumers in the Us Increased Their Spending Sharply Last Month and Inflation Accelerated Fresh Data Showed Friday Potentially Complicating the Federal Reserve S Debate on Whether to Raise Interest Rates Again in June
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The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -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 -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.The Wall Street Journal - World -
A contrarian take on the US inflation freakout
Not as bad as it looks — better for the Fed to keep calm, and carry on?Financial Times - World -
2-year Treasury yield ends with largest four-week advance since last June
Rates on U.S. government debt finished slightly lower on Friday after Israel’s limited retaliation against Iran led to a modest flight-to-safety trade, yet yields still advanced for the third or fourth week in a row.MarketWatch - Business -
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 -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
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 -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
2 suspects detained in Poland after last month's attack on a Navalny ally in Lithuania
Officials say that two Polish citizens have been detained in Poland on suspicion of attacking Russian activist Leonid Volkov, an ally of the late opposition leader Alexei NavalnyABC News - World -
Lithuania's president says 2 suspects detained in Poland after last month's attack on a Navalny ally in Vilnius
Lithuania's president says 2 suspects detained in Poland after last month's attack on a Navalny ally in VilniusABC News - World -
2 suspects detained in Poland for attack on a Navalny ally in Lithuania
Yahoo News - World -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.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 -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
UK inflation could stay near 2% target for three years, says BoE rate-setter
Dave Ramsden’s comments suggest he does not need much more evidence of price growth falling before backing rate cutsFinancial Times - Business - United Kingdom -
The US attempts a new military deal with Niger in a last ditch effort to stay
Two Western officials have told The Associated Press that the United States is trying to create a new military agreement with Niger that would allow it to remain in the country, weeks after the junta said its presence was no longer justifiedABC News - World -
Israel gave US last-minute warning about drone attack on Iran, Italian foreign minister says at G7
The United States told the Group of Seven foreign ministers that it received “last minute” information from Israel about a drone action in Iran, Italy’s foreign minister saidABC News - World - Israel -
Rise in pregnant women turned away from US emergency rooms, papers show
Cases listed in federal documents raise alarms around emergency pregnancy care, especially in states with strict abortion laws. One woman miscarried in the restroom lobby of a Texas emergency room as front desk staff refused to admit her to the ...The Guardian - World -
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel's strike against Iran before retreating, closing up 0.2%.
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel’s strike against Iran before retreating, closing up ...The Wall Street Journal - World -
Satellite Data Reveals Sinking Risk for China’s Cities
Development and groundwater pumping are causing land subsidence and heightening the risks of sea level rise.The New York Times - World - China -
Despite the Watch World’s Secrecy, Data Services Expand
Swiss brands and retailers now have a few options to determine what’s happening with the industry. Just a couple of years ago, they had almost none.The New York Times - Lifestyle -
Japan Consumer Prices Rose at Slightly Slower Pace in March
Japan’s consumer prices rose at a slightly slower pace in March due to lower energy prices but remained well above the central bank’s 2% target.The Wall Street Journal - World - Japan -
Syphilis case increase sparks Colorado public health order
An alarming spike in syphilis cases in Colorado prompted a statewide public health order, particularly focused on treating the disease among pregnant woman and babies. Colorado Gov. Jared Polis (D) announced Thursday the state would implement more ...The Hill - Politics -
Salman Rushdie Is Again the Toast of Literary Manhattan
Nearly two years after he was stabbed, he was in fine form as he greeted his fellow writers at a party celebrating his candid memoir, “Knife.”The New York Times - Lifestyle -
Sudan is in need — why is the world silent yet again?
Why are Sudanese lives seemingly unworthy of attention?The Hill - Politics -
Federations critical of World Athletics prize money
World Athletics' decision to award prize money at the Paris Olympics "undermines the values of Olympism", a group of sport federations say.BBC News - Top stories -
Friday Briefing
Israel strikes Iran.The New York Times - World -
Here's All The Destiny 2: Into The Light Content Leaving In June
In the lead-up to The Final Shape, Bungie has detailed which parts of Into The Light will remain after June 3 and which parts of it will be going away.. First up, the new raid boss gauntlet Pantheon will be exiting Destiny 2 in June. This mode ...GameSpot - Tech -
Jeffries: Biden not weighing in on whether Democrats should save Johnson
House Minority Leader Hakeem Jeffries (D-N.Y.) said Friday the White House is not advising Democratic leaders on whether to save Speaker Mike Johnson (R-La.) from a conservative coup — if one emerges. A number of Democrats are already on record ...The Hill - Politics - Joe Biden -
Factory workers vote on whether to unionize Tennessee Volkswagen plant
Votes are almost in from factory workers at a Volkswagen plant in Tennessee deciding whether to join the United Auto Workers (UAW), an election that could signal more momentum in organized labor following a year of high-profile strikes and major ...The Hill - Politics -
Americans split on whether Trump will, should be convicted in hush money case: Poll
Americans are split on whether former President Trump will be convicted in his New York hush money case, according to a poll released Friday. The Economist/YouGov poll found that 24 percent of Americans think the former president is going to be ...The Hill - Politics - Donald Trump -
Michigan Democratic Party reserves over $10M in ads ahead of state House elections
Michigan's Democratic Party is reserving $10.5 million in ad reservations in a bid to support candidates running in the state House elections in November. The party will spend $2.5 million in Grand Rapids, Lansing, and Detroit, respectively. One ...The Hill - Politics -
Tesla recalls Cybertrucks over accelerator crash risk
The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.BBC News - Top stories - Tesla -
Tesla recalls new Cybertrucks over accelerator hazard
Tesla is recalling some of its Cybertruck vehicles after a hazard was found with the accelerator pedal. According to a recall notice posted by the National Highway Traffic Safety Administration (NHTSA), the accelerator pedal pad may dislodge and ...The Hill - Politics - Tesla -
Gilt Yields Fall After Weak U.K. Retail Sales Data
Gilt yields declined following weaker-than-expected U.K. retail sales data, increasing prospects of a Bank of England interest-rate cut in the coming months.The Wall Street Journal - World - United Kingdom