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FirstFT: Fed to leave rates higher for even longer
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Gold Edges Higher, Supported by Fed Rate-Cut Hopes
Gold edged higher in early Asian trade, supported by hopes for Fed rate cuts which would enhance the allure of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Oil Edges Higher, Aided by Fed Rate-Cut Prospects
Oil edged higher in early trade, aided by prospects of Fed rate cuts which would help support the U.S. economy and energy demand.The Wall Street Journal - World - Federal Reserve -
FirstFT: US groups flock to Europe’s bond markets for lower rates
Also in today’s newsletter, Arup loses $25mn in deepfake scam and Britain’s homelessness problemFinancial Times - World -
Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Yahoo News - World - Brazil -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
5/16: CBS Evening News
Morehouse College prepares for possible disruptions ahead of Biden's commencement address; Oncology nurse faces down her own cancer diagnosis with courageCBS News - World -
FirstFT: Investors pull money from Starwood $10bn property fund
Also in today’s newsletter, Shein switches IPO plans from New York to London and Pfizer hopes to settle thousands of lawsuitsFinancial Times - World -
Boxing announcer Dan Hennessey retires after naming wrong winner: 'No longer the world's punching bag'
ESPN's Joe Tessitore described the incident as an “absolute clown show garbage amateur hour."Yahoo Sports - Sports -
Even European Parliament Elections Have Consequences
The body has become emblematic of the EU’s dysfunction, but this year’s vote may actually matter.The Wall Street Journal - World
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Asia-Pacific Innovative Lawyers
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Sketchy Politics: Sunak's sinking feeling
The FT's UK political commentator Robert Shrimsley and deputy opinion editor Miranda Green sketch out Rishi Sunak's defectors, the fallout from the recent elections, and political drama in ScotlandFinancial Times - World -
Will a mortgage scupper your retirement?
City watchdog predicts more over-65s will have outstanding home loans in the futureFinancial Times - World - Mortgage