Egyptian Pound Sees Largest Single Day Fall Since Imf Deal
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IMF Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.The New York Times - Business -
Home healthcare for elderly sees largest price increase ever
Story at a glance Costs for home healthcare for the elderly and bed-ridden have gone up by 14.2 percent over the past year, according to new Consumer Price Index data released Wednesday. That represents the largest percent increase in home ...The Hill - Politics -
Biden sees highest approval rating since November
President Biden saw his highest approval rating since November on Monday, ticking up to 43 percent. A new poll from the Financial Times and the University of Michigan’s Ross School of Business that found Biden’s approval rating at 43 percent marks ...The Hill - Politics - Joe Biden -
U.K. sees biggest jobless rise since the pandemic
The U.K. saw the biggest jump in unemployment since the pandemic, according to data released Tuesday that reinforces the likelihood the Bank of England will soon lower interest rates.MarketWatch - Business - United Kingdom -
Watching my country fall apart day-by-day
Zeinab Mohammed Salih reflects on what has happened to Sudan since fighting broke out a year ago.BBC News - Top stories -
WSJ Dollar Index Posts Largest Weekly Point and Percentage Gain Since Feb. 23'
The WSJ Dollar Index posted its largest one-week point and percentage gain since Feb. 2023, snapping a two-week losing streak.The Wall Street Journal - World -
Ghana’s debt restructuring deal falters after IMF rebuff
Fund says deal reached with holders of $13bn of foreign bonds does not reduce debt load sufficientlyFinancial Times - World -
Imports from China to the U.S. are rising at the fastest rate since last fall
Inflation is on the rise again, but according to recent trade data, so are Chinese imports to the US, showing a strong consumer economy.CNBC - Business - China -
Dow Falls, Logs Worst Week Since March 2023
The S&P 500 fell 1.5% as investors digested earnings from financial companies including JPMorgan and BlackRock.The Wall Street Journal - World -
Tesla to cut 10% of global workforce
About 14,000 jobs set to go as brutal price war and EV slowdown hit US automakerFinancial Times - Business - Tesla -
A Year’s Worth of Rain Fell in Dubai on a Single Day
The United Arab Emirates had its largest rainfall in 75 years as a year’s worth of rain fell in Dubai alone, temporarily halting flights. More rain is expected into Wednesday.The New York Times - World -
Apple shares just had their best day since last May
Apple stock climbed 4.3% on Thursday to a share price of $175.04. It is Apple's best day since May 5, 2023.CNBC - Business - Apple -
Fed’s Williams sees inflation falling ‘closer to’ 2% target by next year, despite recent ‘bumps’
“I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we’ve seen in some recent inflation readings,” Williams said Thursday.MarketWatch - Business -
The Global Economy Is Picking Up Steam, But the Poorest Countries Are Falling Behind, IMF Says
The International Monetary Fund expects global economic output to expand 3.2% this year, after previously predicting 2.9%.The Wall Street Journal - World -
West Bank sees biggest settler rampage since war in Gaza began as Israeli teen's body is found
Israeli settlers in the occupied West Bank have gone on the largest rampage against Palestinians there since the war in Gaza beganABC News - World - Israel -
The pound is no longer so vulnerable
There are signs that sterling is set to embark on an upward trend after several years in the doldrumsFinancial Times - World -
Watch: 309 people shine in sun costumes at Niagara Falls on eclipse day
Yahoo News - World -
Astros fall to 4-11, their worst 15-game start since 2013, as starting pitching woes continue vs. Rangers
Houston has lost four straight games and six of its last eight gamesCBS Sports - Sports - MLB -
William Byron is back in Texas with more big wins since getting Hendrick's 300th there last fall
William Byron got a milestone win for Hendrick Motorsports last fall at Texas and has since been to victory lane three more times for NASCAR's winningest teamABC News - Sports -
UK inflation falls to lowest level since late 2021 as food prices ease further
Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food pricesABC News - World - United Kingdom -
The best pet deals on Amazon to celebrate National Pet Day 2024
Shop the best National Pet Day deals on Amazon.CBS News - Top stories -
10- and 30-year Treasury yields end with biggest two-week advance since October
Long-term yields on U.S. government debt saw their biggest two-week jump in six months on signs of persistent inflation, even though they finished lower on Friday amid escalating Middle East tensions.MarketWatch - Business -
Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt
Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street.NBC News - Top stories -
AMC’s stock continues rally, registering best two-day stretch since October
Shares of AMC Entertainment Holdings Inc. continued their rally Wednesday, climbing 9.6% after ending Tuesday’s session up 10.1% for their biggest gain since February.MarketWatch - Business -
Trump Media’s stock ‘DJT’ rises for a change — has its best day in 3 weeks
Investors in Trump Media and Technology enjoyed a rare win on Wednesday, as Donald J. Trump’s social-media platform’s stock rallied on a day that the broader stock market fell.MarketWatch - Business - Donald Trump -
Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.The New York Times - Business - Federal Reserve -
Planet Fitness shares fall as company announces new CEO
Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.CNBC - Business -
Pound for pound: Max Holloway moves in, Kayla Harrison moves up
After scoring memorable wins at UFC 300, Holloway and Harrison are among those gaining traction.ESPN - Sports -
Demand for Egyptian debt surges after $55bn bailout and investment package
War in Gaza hastens rescue package aimed at rebooting economyFinancial Times - World -
Oil falls for second day as rally pauses while traders take stock of Middle East tensions
Israel Prime Minister Benjamin Netanyahu vowed late Monday to press on with an offensive against the southern city of Rafah.CNBC - Business -
Oil prices rise 1% as traders brace for possible Iran strike against Israel
Israel warned OPEC member Iran Wednesday it would attack the Islamic Republic if Tehran strikes Israel.CNBC - Business - Iran -
Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel
U.S. officials told NBC News that they expect an Israeli response to Iran's attack to be limited in scope.CNBC - Business - Iran -
Series I bonds are ‘still a good deal’ despite an expected falling rate in May, experts say
The annual rate for Series I bonds could fall below 5% in May based on inflation and other factors, financial experts say. Here's what to know.CNBC - Business