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ECB Will Consider Fed's Progress When Deciding on Rate Cuts, De Guindos Says
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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 -
Fed’s Bowman says she’s still willing to raise rates
“I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.MarketWatch - Business -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.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 -
He's the Fastest Horse in the Kentucky Derby---When He Decides to Show Up
Fierceness is the favorite to win the Run for the Roses. But when things haven’t gone his way, he’s burned a lot of money with disappointing efforts.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 -
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 -
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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Canadian police charged three men with killing Hardeep Singh Nijjar, a Sikh activist who Canada's prime minister has said was killed with the help of agents of India's government.
Canadian police charged three men with killing Hardeep Singh Nijjar, a Sikh activist who Canada’s prime minister has said was killed with the help of agents of India’s government.The Wall Street Journal - World -
Israel has given Hamas a week to agree to a cease-fire deal or it will go ahead with its military operation in Rafah, Egyptian officials said, as the militant group stalls for better terms that would ensure its survival.
Israel has given Hamas a week to agree to a cease-fire deal or it will go ahead with its military operation in Rafah, Egyptian officials said, as the militant group stalls for better terms that would ensure its survival.The Wall Street Journal - World -
Rep. Henry Cuellar (D., Texas) was charged with his wife on allegations that they took nearly $600,000 in foreign bribes.
Rep. Henry Cuellar (D., Texas) was charged with his wife on allegations that they took nearly $600,000 in foreign bribes.The Wall Street Journal - World -
China launched a space mission to collect samples from the moon's far side and return them to Earth.
China launched a space mission to collect samples from the moon’s far side and return them to Earth.The Wall Street Journal - World - China