News Updates from May 9 Boe Signals Summer Interest Rate Cut Us Jobless Claims Hit Highest Level Since August
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Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
London insurance market jobs hit highest level in decade
Industry benefits from specialist knowledge of everything from shipwrecks to cyber attacksFinancial Times - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new all-time high as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Yemen's Houthi rebels claim shooting down another US MQ-9 Predator drone
Yemen’s Houthi rebels have claimed the shooting-down of an American drone, hours after footage circulated online of what appeared to be the wreckage of an MQ-9 Reaper droneABC News - Top stories -
The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
As Supernatural Claims Spread Online, Vatican Updates Its Rules on Them
People have long claimed sightings of the Virgin Mary or bleeding crucifixes, and some endorsed by the Roman Catholic Church have become hugely popular pilgrimage destinations.The New York Times - World -
China Hits Boeing Defense, Two Others With Symbolic Sanctions
Yahoo News - World - China -
Hot history: Tree rings show that last northern summer was the warmest since year 1
A new study finds that the broiling summer of 2023 was the hottest in the Northern Hemisphere in more than 2,000 yearsABC News - Health -
Boeing’s Starliner launch pushed back to May 25 for first crewed mission
The historic first manned launch of the spacecraft has been hindered by delays.MarketWatch - Business -
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.CNBC - Business -
Stocks may rise into the summer. These 3 risks could derail the rally.
Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it.MarketWatch - Business -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
Shall I Compare New Jersey's Curriculum to a Summer's Day?
What does Shakespeare have to do with climate change? Ask the state’s first lady, Tammy Murphy.The Wall Street Journal - World -
Ukraine fears new Russian offensive is only ‘the first wave’ in a brutal summer
President Volodymr Zelenskyy has warned that Russia's new offensive in the northeastern Kharkiv region could be just the first wave while U.S. aid delays hurt Kyiv.NBC News - Top stories - Ukraine -
New Covid variants stoke fears of a summer surge in cases
So-called FLiRT strains set to test effectiveness of vaccines against latest mutationsFinancial Times - Business - Covid -
7 decades since Brown v. Board of Education, how diverse are US schools?
It has been 70 years since Brown v. Board of Education, but an ABC data analysis shows that racial demographics still vary significantly in the U.S. education system.ABC News - Top stories -
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 -
News Quiz for May 18, 2024
Test your knowledge of the week’s events as reported in The Wall Street Journal.The Wall Street Journal - World -
PGA Championship Round 4 live updates, leaderboard: Xander Schauffele beats out Bryson DeChambeau to win at Valhalla
Thanks to a clutch birdie at the 18th, Xander Schauffele has won his first career major championship.Yahoo Sports - Sports -
Brad Marchand gives update on Game 6 status, reacts to Sam Bennett hit
Brad Marchand reacted to the Sam Bennett hit for the first time Thursday, and gave an update on whether he'll play in Bruins-Panthers Game 6.Yahoo Sports - Sports -
Why the Dow Keeps Hitting New Records
The DJIA has just hit 40,000—but didn’t it just reach 30,000 three years ago? The Dow’s milestones keep coming faster and faster. WSJ’s Gunjan Banerji explains why.The Wall Street Journal - World -
France Rushes Reinforcements to Riot-Hit New Caledonia
Unrest in the overseas territory could derail President Emmanuel Macron’s efforts to restore French influence in the Indo-Pacific region.The Wall Street Journal - World -
Preakness Stakes 2024: Odds, live updates, how to watch, results and more from the 149th running of the race from Pimlico
Live updates from the 149th Preakness Stakes at Pimlico Race Course in BaltimoreYahoo Sports - Sports -
Latest Houthi strike in Red Sea hits oil tanker: US officials
The latest attack by Yemen's Houthi rebels in the Red Sea struck a Greek-owned and operated oil tanker with a ballistic missile early Saturday, according to U.S. officials. The Iranian-backed group hit the oil tanker Wind at around 1 a.m. local ...The Hill - Politics