Fed Governor Backs Quarter Point Rate Rise at Next Meeting
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NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
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 -
Senate Boeing hearings open with fingers pointing back at FAA
Politico - Politics -
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 -
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 -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Web3 Funding Spiked 58 Percent Last Quarter, but It Isn't Exactly Roaring Back Yet
Startups building cryptocurrency and blockchain tech are helping revive an embattled category.Inc. - Business -
West Virginia will not face $465M COVID education funds clawback after feds OK waiver, governor says
West Virginia will not face a clawback of $465 million in COVID-19 money from the federal government, alleviating concerns raised by state lawmakers during the legislative session in MarchABC News - Top stories - Covid -
Raducanu falls to Swiatek in Stuttgart quarter-finals
Britain's Emma Raducanu falls to world number one and defending champion Iga Swiatek in the quarter-finals of the Stuttgart Open.BBC News - Top stories -
A ‘Nature School’ Meets in Brooklyn
A series of workshops hosted by the artist collective Field Meridians will try to get New Yorkers to open their eyes to the nature all around them.The New York Times - Lifestyle -
US ambassador meets with Gershkovich in Russia
The U.S. ambassador to Russia recently met with Evan Gershkovich, the Wall Street Journal reporter who has been unlawfully detained in the country for more than a year. The U.S. Embassy in Moscow said Lynne Tracy met with Gershkovich, who was ...The Hill - Politics - Russia -
Almost a quarter of kids aged 5-7 have smartphones
The regulator calls the data a "wake up call", and says parents and industry need to do more.BBC News - Top stories -
Schlumberger posts profit gain for first quarter as revenue tops estimates
International revenue for the oil-services company rose 18% to offset softness in North America, Schlumberger’s CEO said.MarketWatch - Business -
Nottingham Forest's points appeal hearing set for Wednesday
Nottingham Forest's appeal against their Premier League points deduction will be heard on Wednesday.BBC News - Top stories -
100 MPs to stand down at the next election
More than 60 are Conservatives and they include former prime minister Theresa May.BBC News - Top stories -
More humidity ahead of a front early next week
Yahoo News - World -
Netflix Dealt With the Freeloaders. Its Next Act Will Be Tougher.
The decision to stop reporting subscriber numbers will put a greater focus on revenue growth—and advertising.The Wall Street Journal - World - Netflix -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Former MPs hoping for a comeback at the next election
A Blair-era cabinet minister and a Lib Dem who was last an MP 20 years ago are among those standing again.BBC News - Top stories -
A Wave of AI Tools Is Set to Transform Work Meetings
An AI-powered wearable from startup Limitless promises to make meetings more productive. It’s the beginning of a wider transformation of human interactions.Wired - Tech -
Don't Waste Your 'Power Hours' In Meetings
Want to be more productive? Figure out the best time to let your mind wander.The Wall Street Journal - World -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Culling's rapid rise to London Marathon's elites
Five years ago, Anya Culling took more than four and a half hours to complete the London Marathon - but in 2024 she will take her place among the elites.BBC News - Top stories -
Shoppers shun department stores as prices rise
Higher prices put off shoppers as sales volumes overall stagnate in March.BBC News - Top stories -
WSJ Dollar Index Rises 0.3% This Week
The dollar was flat Friday but edged 0.3% higher on the week, marking a second-straight weekly gain.The Wall Street Journal - World -
European carbon trading catching less than quarter of airline emissions, data finds
With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by systemFinancial Times - World -
Vitesse Arnhem relegated from Eredivisie after 18-point deduction
Dutch club relegated in wake of Guardian and TBIJ investigationDocuments appeared to show financial ties to AbramovichThe Dutch football association has deducted 18 points from Vitesse Arnhem, officially confirming the club’s relegation, in the ...The Guardian - World -
Shopify Just Revealed a New Points-System Approach to Pay Raises
Here's the secret: You're probably doing something similar.Inc. - Business -
Kerr humbly admits he needs to rediscover his A-game next season
Steve Kerr is the first to admit that he needs to do a better job of implementing and teaching his complex Warriors system.Yahoo Sports - Sports -
Transfer Talk: Madrid to wait until next year to sign Davies
Real Madrid will look to sign Bayern Munich's Alphonso Davies next year when he is a free agent. Transfer Talk has the latest.ESPN - Sports -
Hill accepts next fight on heels of UFC 300 loss
Less than one week after suffering a knockout loss to Alex Pereira in the UFC 300 main event, Jamahal Hill has already booked his next assignment: He will face Khalil Rountree Jr. at UFC 303 on June 29 in Las Vegas.ESPN - Sports - UFC -
Scottish Cup - reaction as Celtic win Hampden classic on penalties to reach final
Watch live BBC One Scotland coverage, listen to Sportsound commentary and follow live text updates as Scottish Cup holders Celtic meet Aberdeen in the semi-finals.BBC News - Top stories -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - 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 -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
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