Sri Lanka Reduces Interest Rates for 1st Time Since Bankruptcy As Economy Shows Signs of Rebounding
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Dali Ship That Hit Key Bridge Was Destined for Sri Lanka
The ship had spent two days in Baltimore’s port before setting off.The New York Times - Top stories -
Small Business Hiring Woes Show Signs of Easing as Economy Stays Strong
Survey data show a slight uptick in hiring at companies with 300 or fewer employees.Inc. - Business -
4 times you should buy a home with interest rates high
Even with mortgage interest rates high, there are some times when it may make sense to buy. Here are four of them.CBS News - Top stories -
Woman completes Barkley Marathons for 1st time
Jasmin Paris became the first woman ever to finish the Barkley Marathons, completing one of the most challenging ultramarathons in the world with 99 seconds to spare in the 60-hour cut-off.ESPN - Sports -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.BBC News - Top stories -
Mortgage demand stalls, even as interest rates moderate
The usually busy spring housing market is underway, but mortgage demand isn't moving.CNBC - Business - Mortgage -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
Revised figures confirm UK ended 2023 in recession
Official data shows the economy contracted during the last two quarters of last year.BBC News - Top stories - United Kingdom -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.MarketWatch - Business -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
Global inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFinancial Times - World -
Commercial real estate is itching for a rebound two years after start of Fed rate hikes
Demand for office leases is picking up, but interest rates are still a wild card.MarketWatch - Business - Federal Reserve -
Trader Joe's raises banana price for 1st time in more than 20 years
The grocery chain has increase the price of a single banana for the first time in more than 20 years.CBS News - Top stories -
Reds star Elly De La Cruz addresses reporters entirely in English for 1st time: 'It's so important to me'
De La Cruz said he learned English from conversations with his teammates, joking that he no longer needs his interpreter.Yahoo Sports - Sports -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Russia strikes Ukraine's Kharkiv with aerial bombs for the first time since 2022
Yahoo News - World - Ukraine -
King lauds friendship ‘in time of need’ in first comments since princess’s diagnosis
Pre-recorded message for Maundy service in Worcester Cathedral will be played as Camilla stands in for monarch. King Charles will highlight the importance of friendship “in a time of need” on Thursday in his first public comments since the ...The Guardian - World -
Dethrone the dollar? 5 charts show how U.S. currency still rules the world economy.
The U.S. dollar has strengthened its grip on the global financial system since Russia invaded Ukraine two years ago, defying expectations of “de-dollarization.”MarketWatch - Business -
4 Men Showing Signs of Beating Charged With Terrorism After Moscow Attack
The four accused of carrying out an assault at a concert hall near Moscow are migrant laborers from Tajikistan. They face a maximum sentence of life in prison.The New York Times - World -
DraftKings is showing this ‘powerful sign’ that could help boost its stock 20%
DraftKings’ stock has been a big recent winner, rising nearly 170% over the past 12 months. But there’s still room to run, according to a new bull.MarketWatch - Business -
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.The Wall Street Journal - World - New York -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Sexually transmitted infection rates have risen sharply among adults 55 and older, CDC data shows
CDC data shows that rates of chlamydia, gonorrhea and syphilis in people ages 55 and up more than doubled over a 10-year period.NBC News - Top stories -
Ohtani to speak to media for first time since gambling allegations against former interpreter
"It's the right thing to do," said Manager Dave Roberts. "I'm happy he's going to speak and speak to what he knows and give his thoughts on the whole situation. I think it will give us all a little bit more clarity."CBS News - Top stories -
Shohei Ohtani to address media for the first time since gambling and theft allegations against his interpreter
Shohei Ohtani plans to speak to the media Monday for the first time since the illegal gambling and theft allegations involving the Los Angeles Dodgers star and his interpreter emerged during the team’s trip to South Korea.NBC News - Top stories -
Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole, an analysis of Census Bureau data shows.
Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole, an analysis of Census Bureau data shows.The Wall Street Journal - World -
Grading all of the Packers moves in 2024 NFL free agency: Green Bay shows it's ready to contend with signings
Green Bay finally had money to spend with Aaron Rodgers' dead cap hit off the booksCBS Sports - Sports - NFL -
4 men charged in Moscow attack, showing signs of beatings at hearing as court says 2 accept guilt
Four men accused of staging the Russia concert hall attack that killed more than 130 people have appeared before a Moscow court showing signs of severe beatingsABC News - World -
Sign of the times in Japan as nappy company switches production to adult nappies
Oji Holdings said it would stop making children’s nappies in September amid a sharp decline in demand. Japan has a rapidly ageing society. A nappy manufacturer in Japan is to stop making the products for babies and instead raise production of ...The Guardian - World - Japan -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
Alex Jones, Infowars Bankruptcies Get a Mediator
A judge appointed a mediator for the bankruptcy cases of conspiracy theorist Alex Jones and his Infowars website in response to an emergency request from a bankruptcy trustee.The Wall Street Journal - World