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CAD Weakening Risks Restraining BOC's Rate-Cut Outlook
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Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
U.S. Dollar Seen as Weakest G-10 Currency So Far In May
The DXY U.S. dollar index has weakened by 1.62% so far in May, making the dollar the weakest G-10 currency due to underwhelming labor market and inflation data,The Wall Street Journal - World -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Gold Prices Rise as U.S. Inflation Data Boosts Rate Cut Hopes
Gold rose on renewed hopes for Federal Reserve interest-rate cuts, after U.S. inflation eased slightly in April in line with expectations.The Wall Street Journal - World -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business
More from The Wall Street Journal
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Musk's X Completes Rebranding Away from Twitter
Elon Musk said that his social media platform formerly known as Twitter has completed its rebranding to X, with the site’s URL now reading X.com.The Wall Street Journal - World - Elon Musk -
Auto & Transport Roundup: Market Talk
Renault, Continental and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
U.S. Dollar Seen as Weakest G-10 Currency So Far In May
The DXY U.S. dollar index has weakened by 1.62% so far in May, making the dollar the weakest G-10 currency due to underwhelming labor market and inflation data,The Wall Street Journal - World -
Attacks by Israeli Protesters on Gaza Aid Complicate Humanitarian Efforts
Israeli protesters are angry that aid is going to Palestinian civilians while hostages are still held by Hamas.The Wall Street Journal - World - Israel -
Dow Futures Edge Lower After 40000 Milestone
Stock futures edged lower after the Dow crossed 40000 for the first time in the previous session, while the S&P 500 and Nasdaq Composite both ended within striking distance of new records.The Wall Street Journal - World