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Investors raise bets on euro falling to parity with dollar
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
The SEC ended a probe into large bets that three prominent investors made on Activision days before the company agreed to be acquired by Microsoft in 2022.
The SEC ended a probe into large bets that three prominent investors made on Activision days before the company agreed to be acquired by Microsoft in 2022.The Wall Street Journal - World -
How Scrappy Cryptominer CoreWeave Transformed Into the Multibillion-Dollar Backbone of the AI Boom
CoreWeave, once a small player in crypto, is now a $19 billion unicorn that provides GPUs to AI developers. Its frenetic culture and rising competition now pose challenges, former employees say.Wired - Tech -
Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
What Will Warren Buffett Bet on Next?
Berkshire Hathaway shareholders will gather in Omaha for the conglomerate’s annual meeting on Saturday, with questions about the company’s future.The New York Times - Business - Warren Buffett -
Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
Philly's playoff exit raises a slew of questions -- and dramatically answered another
Injuries continue to haunt Joel Embiid and the 76ers as they exit the playoffs. But, behind Tyrese Maxey's rise and an offseason full of options, Philly has reasons for optimism.ESPN - Sports -
Fed’s Bowman says she’s still willing to raise rates
“I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.MarketWatch - Business -
Lagardère: Anatomy of a French heir’s fall
Arnaud Lagardère’s exit comes as Bernard Arnault and Vincent Bolloré prepare their own successionsFinancial Times - World -
April jobs report falls short
Presented by BP — The jobless rate also rose to 3.9 percent during the same period. {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story US economy adds 175K jobs in April New data shows the economy added 175,000 jobs last ...The Hill - Politics
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