German Finance Minister Discipline Could Allow More Defence Spending
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German foreign minister says Russia will face consequences for monthslong cyber espionage
Germany says Russia will face consequences after accusing its military intelligence service of masterminding an “absolutely intolerable” cyberespionage campaignABC News - World - Russia -
Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves
Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country's policymakers if the yen moved in sharp directions.CNBC - Business -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
What's News: Business & Finance
What’s News: Business & FinanceThe Wall Street Journal - World -
Baerbock: Germany wants to expand defence cooperation with Australia
Yahoo News - World - Australia -
How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
Denmark increases defense spending in view of Russian long-term war
Yahoo News - World - Russia -
Senate Finance Committee introduces legislation aimed at fixing drug shortages
The Senate Finance Committee on Friday introduced bipartisan legislation aimed at preventing and reducing generic drug shortages by leveraging Medicare and Medicaid programs. The draft legislation proposes the creation of a "Medicare Drug Shortage ...The Hill - Politics -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
Dave & Buster's plan to allow betting on arcade games draws scrutiny
An Illinois lawmaker is proposing legislation to prevent wagering at family entertainment venues, saying such companies don't have proper safeguards in place.CNBC - Business -
Georgian prime minister accuses US of fueling ‘revolution attempts’
The prime minister of the country of Georgia on Friday accused the United States of supporting what he criticized as “revolution attempts,” following the Biden administration's support for anti-government protests that are rocking Tbilisi. Irakli ...The Hill - Politics -
German company launches candle wax-powered rocket on test flight into space
Yahoo News - World - Germany -
Marine Le Pen grows wary of ‘crazy’ German far right
Trip to tropical island brings Rassemblement National to brink of break-up with Alternative for GermanyFinancial Times - World - Germany -
German-Russian pair on trial in Germany over sanctions violations
Yahoo News - World - Germany -
Denmark to liberalize its abortion law to allow the procedure until 18th week of pregnancy
Denmark’s government says it is relaxing its restrictions on abortion for the first time in 50 years to make it legal for women to terminate pregnancies up to the 18th week from the previous 12th weekABC News - World - Abortion -
‘So inappropriate.’ Dave & Buster’s plans to allow gambling, and an Illinois lawmaker is trying to stop it.
‘I think there are some spaces and environments that are just not appropriate for gambling to be pushed on people, especially places where there are lots of children,’ says Illinois state Rep. Dan DidechMarketWatch - Business -
Hope Hicks: Trump was worried about WSJ article’s effect on Melania
Donald Trump’s former communications director testifies that he worried about Wall Street Journal article about purchase of Stormy Daniels and Karen McDougal stories. Trump trial continues with judge dismissing claims that ex-president can’t ...The Guardian - World - Donald Trump -
‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?
“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”MarketWatch - Business -
The Death of a Treaty Could Be a Lifesaver for Taiwan
Since pulling out of an arms-limitation agreement with Russia in 2019, the U.S. has quickly developed new weapons that could be used to stop a Chinese invasion force.The New York Times - World -
The political calculations of Israel's prime minister and Hamas's top leader in Gaza, both hard-liners, have left them little room to reach a compromise over the war between the two sides, posing a problem for the Biden administration.
The political calculations of Israel’s prime minister and Hamas’s top leader in Gaza, both hard-liners, have left them little room to reach a compromise over the war between the two sides, posing a problem for the Biden administration.The Wall Street Journal - World - Joe Biden -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
U.S. Stocks Rally After Jobs Report Shows Hiring Slowdown
Stocks were rallying after a Goldilocks jobs report that boosted hopes for a late-summer rate cut.The Wall Street Journal - World -
Kenya orders flood evacuations as it warns dams could spill
Residents near 178 bodies of water have been told to leave as flooding is set to worsen.BBC News - Top stories -
SPDR Gold Shares Inch Lower Following Jobs Report
Gold prices edged lower, with April’s lower-than-expected jobs gains giving investors hope that the economy is finally cooling down.The Wall Street Journal - World -
Biden's natural gas pause could complicate Pennsylvania strategy
The Biden administration’s pause on natural gas exports is putting the president in a tricky political spot in Pennsylvania, one of the key swing states in November. Pennsylvania has been one of the biggest beneficiaries of the last decade’s ...The Hill - Politics - Joe Biden -
How the NBA's next TV deal could disrupt the media landscape
The NBA is expected to give a slice of its TV package to Amazon's Prime Video, while league stalwart TNT could be left off the roster, in a blow to Warner Bros. Discovery.Los Angeles Times - Entertainment -
The mortgage reform that could unleash the next big US stimulus
Freddie Mac wants to enter the secondary home equity loan market in a win-win for the government, Wall Street and consumersFinancial Times - World -
Panama to elect new president against backdrop of social unrest and drought
Country to vote on Sunday after supreme court allows leading presidential contender to remain in the race. Panama’s supreme court has rejected a move to disqualify the candidacy of the leading presidential contender, José Raúl Mulino, two days ...The Guardian - World -
UN alarm over rightwing laws that could ‘whitewash’ Franco era in Spain
Three UN experts warn proposed ‘harmony laws’ may contravene international human rights standards. New laws proposed by rightwing and far-right regional coalition governments to “whitewash” the Franco dictatorship could contravene international ...The Guardian - World - United Nations -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Warren Buffett's bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.CNBC - Business -
AI Could Breathe Life Back into Apple's iPhone Sales
Apple — and investors — are looking to artificial intelligence to breathe new life into its offerings, particularly as iPhone sales continue to sputter.The Wall Street Journal - World - Apple -
Baltimore Bridge Replacement Price Tag Could Hit $1.9 Billion
Maryland estimates a new span over the harbor could cost $1.7 billion to $1.9 billion, and be finished by 2028.Inc. - Business -
How a single rogue elector could flip the presidential election
The Electoral College is not the faceless “race to 270” that cable news portrays it to be.The Hill - Politics -
Bruins pushed to G7, want more from Pastrnak
Jim Montgomery was asked if Boston needed more from its top skaters to avoid elimination, and the Bruins coach identified David Pastrnak in particular as needing to provide more to the group.ESPN - Sports -
Microsoft expanding biometric passkey access for more users
Microsoft users can now use biometric passkeys, like a thumbprint or Face ID, to sign into Microsoft 365, Copilot. Jon Fingas, senior editor at Techopedia, has more.CBS News - Top stories - Microsoft