Eurozone Falls into Recession Hit by High Energy Prices and Interest Rate Hikes – Business Live
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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 -
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Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
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 -
Why the Fed Should Declare Victory and Cut Interest Rates.
Small business owners are being punished by the central bank's data obsession. We need to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.The Wall Street Journal - World -
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 -
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 -
UK car insurance prices fall for first time in two years
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year agoFinancial Times - Business - United Kingdom -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
Oil heads to weekly loss as market sees limited risk of wider war after Israel strike on Iran
Oil prices briefly jumped more than 3% after reports of explosions near the Iranian city of Isfahan.CNBC - Business - Iran -
LIVE: ABC News Live
24/7 coverage of breaking news and live eventsABC News - Top stories -
Energy & Utilities Roundup: Market Talk
Gain insight on Parkland, BP, Nel and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
The Push to StoreRenewable Energy in Massive Salt Caverns
Renewable power is used to produce hydrogen, which is stored in underground caverns until it is needed for green energy.The Wall Street Journal - World -
Woodside Energy chief defends climate plan ahead of shareholder vote
Australian oil and gas developer pushed to set more binding net zero commitmentsFinancial Times - Business - Climate -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Fashion’s Favorite Farm
What is Sky High Farm? A brand? An art project? A business? A charity? It wants to be all of the above.The New York Times - Lifestyle -
What is bitcoin halving – and will it affect the price?
Process has coincided with a rise in price in the past and is due to take place again on Saturday. Satoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.. This week ...The Guardian - World - Crypto -
Asia Markets Fall After Israeli Strike on Iran
Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.The Wall Street Journal - World - Israel -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
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 -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Israeli missile hits Iran, U.S. officials confirm
Two U.S. officials confirm to CBS News that an Israeli missile has hit Iran. The strike follows last weekend's retaliatory drone and missile attack against Israel. Carissa Lawson anchors a special report.CBS News - Top stories - Israel -
Blasts heard in central province of Isfahan
Blasts are heard in central Isfahan province, though it is not clear what might have been hit.BBC News - Top stories -
GOP impeachment efforts hit brick wall
Republican impeachment efforts against President Biden and his Cabinet appear to have hit a brick wall after the Senate swiftly dismissed articles of impeachment against Homeland Security Secretary Alejandro Mayorkas. Senators dismissed a pair of ...The Hill - Politics -
Israeli missile hits Iran in retaliation attack
Israel attacked Iran overnight in retaliation for an Iranian missile strike last weekend.CBS News - World - Israel -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan -
They Bet Against the Dollar. Now They're Paying the Price.
The dollar recently hit a 34-year high against the yen, sending ripples through global markets.The Wall Street Journal - World -
Shoppers shun department stores as prices rise
Higher prices put off shoppers as sales volumes overall stagnate in March.BBC News - Top stories -
BYD Yangwang U8 2024: Price, Specs, Availability
Meet the tank-turning, 4-ton Yangwang U8 from BYD. It's the world’s most powerful SUV—and yes, it floats on water.Wired - Tech -
Oil price shrugs off Israeli strikes on Iran
Brent spikes above $90 before dropping close to three-week low as Tehran plays down significance of attacksFinancial Times - World - Israel -
Oil price shrugs off Israeli strikes on Iran
Brent spikes above $90 before dropping close to three-week low as Tehran plays down significance of attacksFinancial Times - Business - Israel -
4/20 grew from humble roots to marijuana's high holiday
Marijuana advocates are gearing up for April 20ABC News - Health -
UK airline emissions on track to reach record high in 2024
Sector may breach the government’s Jet Zero strategy which pledged not to surpass 2019 CO2 figures. Emissions from UK flights are rapidly returning to pre-pandemic levels, with CO2 pollution from aviation on track to reach a record high this ...The Guardian - World - United Kingdom -
Israel's Attack on Iran Appears Fairly Limited, Easing Pressure on Oil Markets
Israel’s missile strikes against Iran overnight seem fairly limited, pointing to a de-escalation of conflict that is expected to diminish the oil market’s geopolitical risk premium in the short term, according to DNB Markets.The Wall Street Journal - World - Iran -
Nasdaq Drops After Israel Strikes Iran
U.S. stocks were mixed, with the Nasdaq in retreat and the Dow edging higher.The Wall Street Journal - World - Iran