Declining Euro Volatility Could Lure Carry Traders
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Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
Champions League: Bayern Munich, Dortmund and the Lure of the Past
Change comes neither easily nor naturally at Germany’s two most successful clubs. Will success in the Champions League delay it again?The New York Times - World -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."CNBC - Business -
Parched Philippine dam reveals centuries-old town, luring tourists
The ruins of a centuries-old town have emerged at a dam parched by drought in the northern Philippines, giving residents a rare spectacle and luring tourists.NBC News - Top stories -
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 -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
The Death of a Treaty Could Be a Lifesaver for Taiwan
Since pulling out of an arms-limitation agreement with Russia in 2019, the U.S. has quickly developed new weapons that could be used to stop a Chinese invasion force.The New York Times - World -
Steelers surprisingly decline 5th-year option on RB Najee Harris
The Pittsburgh Steelers are declining the fifth-year option for running back Najee Harris, making him a free agent after the 2024 season.Yahoo Sports - Sports - NFL