The Lex Newsletter South Korean Banks Just Got Interesting
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The Fed Is Looking for a Job Market Cool-Down. It Just Got One.
Wage growth and hiring slowed in April, prodding investors to slightly increase their bets on rate cuts this year.The New York Times - Business - Federal Reserve -
North Korean weapons are killing Ukrainians. The implications are far bigger
A missile that crashed in Kharkiv shows the surprising scale at which Pyongyang's weapons are used.BBC News - Top stories - Ukraine -
Micron’s stock is among the S&P 500’s best this year. Why it just got upgraded.
Baird sees “meaningful upside opportunities” for Micron and notes a recent pullback in the stock.MarketWatch - Business -
Colorado teen killed in Korean War identified more than 70 years later
A 19-year-old U.S. soldier from Colorado has been accounted for more than 70 years after being declared missing in action in the Korean War.CBS News - Top stories -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Bank holiday weather: Will it be warm or wet?
It's been warming up this week but could rain spoil your plans for the long weekend?BBC News - Top stories -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - World -
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 -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - Business -
How divided is the Bank of England’s policy committee?
Market Questions is the FT’s guide to the week aheadFinancial Times - World