Nikkei May Fall As Uncertainty Continues about Fed Middle East
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Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Middle East Crisis: Hamas Resists Israel’s Latest Cease-Fire Offer
The U.S. secretary of state is on a tour of the Middle East to press for a cease-fire deal, but a Hamas spokesman said the group could not accept the latest Israeli proposal without changes.The New York Times - World - Israel -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
Columbia Asks N.Y.P.D. to Stay on Campus Through Middle of May
The university released the letter after police entered Hamilton Hall, a building that was occupied by dozens of demonstrators. Columbia’s commencement is currently scheduled for May 15.The New York Times - Top stories -
Middle East Crisis: Netanyahu Again Vows to Invade Rafah ‘With or Without’ Cease-Fire Deal
“The idea that we will halt the war before achieving all of its goals is out of the question,” the Israeli premier told relatives of hostages on Tuesday.The New York Times - World -
Middle East crisis live: Jordan says some Israeli settlers attacked aid convoys on way to Gaza
Two convoys on the way to Gaza attacked by some Israeli settlers, reports Jordan’s state news agency. See all our Middle East crisis coverageReporting for Al Jazeera from Rafah, Tareq Abu Azzoum has said that Israel appears to have “ramped up ...The Guardian - World - Israel -
America gets its money’s worth for its aid to Middle East ally Jordan
In this context of mounting anti-government anger, the Jordanian government’s decision to join a military engagement against Iran was historically bold.The Hill - Politics -
Parsing the Fed: How the May Statement Changed
Use this tool to compare the latest Federal Reserve policy statement with its immediate predecessor and see where policymakers have updated their language.The Wall Street Journal - World -
Metals Fall Ahead of Fed Policy Decision
Metal prices traded lower, with gold falling back below $2,300, as traders further temper expectations on the timing of U.S. interest-rate cuts this year.The Wall Street Journal - World - Federal Reserve -
Treasury Yields Fall Slightly After Fed Decision
The U.S. central bank confirmed expectations by holding interest rates unchanged.The Wall Street Journal - World - Federal Reserve -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson
Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil warFinancial Times - Business -
Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson
Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil warFinancial Times - Business -
Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson
Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil warFinancial Times - Business -
Fed Holds Rates Steady, Noting Lack of Progress on Inflation
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.The New York Times - Business - Federal Reserve -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
News updates from May 1: Fed signals that rates will remain higher for longer; Yen gains amid intervention speculation
Financial Times - World - Federal Reserve -
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Federal ReserveThe Wall Street Journal - World - Federal Reserve -
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Federal ReserveThe Wall Street Journal - World - Federal Reserve -
U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.CNBC - Business -
An ‘East Asian NATO’ is forming
A “webbed” system of collective security is emerging, valuing intra-regional security cooperation in addition to bilateral contacts between the U.S. and its allies.The Hill - Politics -
Trump held in contempt as "hush money" trial continues
Former President Trump was held in contempt and threatened with jail time for violating the gag order in his criminal "hush money" trial. Tuesday's proceedings also heard testimony from Stormy Daniels' former lawyer. Jericka Duncan reports.CBS News - Top stories - Donald Trump -
Trump held in contempt as "hush money" trial continues
Former President Trump was held in contempt and threatened with jail time for violating the gag order in his criminal "hush money" trial. Tuesday's proceedings also heard testimony from Stormy Daniels' former lawyer. Jericka Duncan reports.CBS News - Politics - Donald Trump -
Tornado, severe weather continues to threaten Midwest
One person was killed in Westmoreland, Kansas, on Tuesday after a tornado tore through the small city. Another tornado in Oklahoma touched down, damaging several buildings. The severe weather risk continues Wednesday, stretching from Nebraska to ...CBS News - Top stories -
UChicago, DePaul encampment continue as nationwide protests escalate
Yahoo News - World -
Protests continue at university campuses across the US – in pictures
After major police raids on universities in New York and Los Angeles on Tuesday, students continued to demonstrate against the war in Gaza Continue reading...The Guardian - World -
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Starfield May Update
Learn more about the biggest update coming to Starfield on May 15th, 2024.GameSpot - Tech -
Boy, 14, dies after ‘horrific’ sword attack in north-east London
Man arrested after attack near Hainault tube station which left four others, including two police officers, injured. Hainault attack – live updatesAn attack by a man armed with a sword has left a 14-year-old boy dead and four others injured in ...The Guardian - World -
DJT shares close down more than 9% as Trump Media hot streak stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.CNBC - Business - Donald Trump -
DJT shares plummet more than 10% as hot streak for Trump Media stalls
Trump Media shares dropped sharply in morning trading Wednesday, shortly after breaking above the $50 per share threshold for the first time in nearly a month.NBC News - Top stories - Donald Trump -
Israel under pressure to let more aid into Gaza as hostage talks continue
Antony Blinken holds two-hour meeting with Netanyahu while Hamas considers ceasefire proposal. Israel’s leaders were under renewed pressure to allow more aid into Gaza on Wednesday after the US secretary of state, Antony Blinken, told Benjamin ...The Guardian - World - Israel -
DePaul students continue encampment in solidarity with Gaza on Lincoln Park campus
Yahoo News - World -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
The week's bestselling books, May 5
The Southern California Independent Bookstore Bestsellers list for Sunday, May 5, 2024, including hardcover and paperback fiction and nonfiction.Los Angeles Times - Entertainment -
Biden Tax Increases Won’t Hit Middle Class, Yellen Says
Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025.The New York Times - Top stories - Joe Biden -
Biden Tax Increases Won’t Hit Middle Class, Yellen Says
Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025.The New York Times - Business - Joe Biden