Truss Tax Cuts Were Not Right Approach before Tackling Inflation Says Shapps
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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 -
UK approach to China is 'robust', Sunak says
It comes after some MPs criticised the response to cyber-attacks blamed on Beijing-linked hackers.BBC News - Top stories - United Kingdom -
Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall
President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.The New York Times - Business - Joe Biden -
Trump tax cuts set to expire – will you be affected?
With many of former President Trump's tax cuts due to expire next year, taxpayers may be wondering if there's anything they should be doing now to prepare.The Hill - Politics - Donald Trump -
Long Before Amsterdam’s Coffee Shops, There Were Hallucinogenic Seeds
A nearly 2,000-year-old stash pouch provides the first evidence of the intentional use of a powerful psychedelic plant in Western Europe during the Roman Era.The New York Times - Health -
Migrant women raped before crossing the border grapple with restrictive U.S. abortion laws
Mexican cartels are using sexual violence as a weapon against migrants. Women are finding themselves pregnant after crossing the U.S. border, and facing abortion bans.NBC News - Top stories - Abortion -
Russia-Ukraine war live: 200,000 without power in Ukraine since Friday; Nato could ‘shoot down Russian missiles near borders’
Attack on energy infrastructure on last week still causing blackouts; Poland’s deputy foreign minister warns Russia of consequences if missiles enter territory. The Kremlin has refused to be drawn on whether it believed there was a link between ...The Guardian - World - Ukraine -
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.MarketWatch - Business - Inflation -
They Chose to Take a Pay Cut---and Say They're Happier
Switching to a job with a lower salary often means trimming your expenses, but it can come with a raise in free time and work-life balance.The Wall Street Journal - World -
1949: ‘Red Star’ Says Labour Increases British Taxes
The Soviet Army newspaper report blamed the government’s foreign policy for the higher cost of living for the working class.The New York Times - World -
Thames Water boss says bills need to rise by 40%
The regulator, whose approval is needed for any price rises, has pushed back on substantial bill increases.BBC News - Top stories -
China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’MarketWatch - Business - China -
British judges were right to allow Julian Assange’s appeal. The next three weeks will show who cares about justice | Duncan Campbell
It is hypocritical of the US to seek to lock up Assange while boasting about its commitment to press freedom. For Julian Assange, the wait continues. The pause can be counted as a small victory in the long battle to fight his extradition to the ...The Guardian - World -
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 -
Former Justice Stephen Breyer says he'd be amazed if the source of the Dobbs leak were a judge
WASHINGTON — Former Supreme Court Justice Stephen Breyer said it’s “possible” the Supreme Court could one day overrule its 2022 decision in Dobbs v. Jackson Women’s Health, which itself overruled Roe v. Wade.NBC News - Politics -
Pakistani police say 5 Chinese nationals and their local driver were killed in a suicide attack
Yahoo News - World -
Sean 'Diddy' Combs' lawyer says raids of the rapper's homes were 'excessive' use of military force
A lawyer for Sean “Diddy” Combs says the search of his properties in Miami and Los Angeles were “a gross use of military-level force.”ABC News - Entertainment -
Baltimore Bridge Collapse Victims Were Working to Support Families, Co-Worker Says
The six men worked for a company that often maintains bridges operated by the state. They were repairing the bridge’s roadway when it was struck by the ship.The New York Times - Top stories -
Multiple women online say they were punched while walking around New York City
Several women have come forward on social media sharing incidents in which they said they were punched by men while they were walking the streets of downtown Manhattan in broad daylight in the last month.NBC News - Top stories - New York -
Wife of Baltimore bridge collapse survivor says workers were on break in their cars when bridge came down
BALTIMORE — The wife of one of the construction workers who survived the Francis Scott Key Bridge collapse says it’s a miracle he is alive as he doesn’t know how to swim.NBC News - Top stories -
Deadline for Trump's bond approaching
Former President Trump must post nearly half a billion dollars by Monday if he wants to appeal the outcome of his New York civil fraud trial. Trump insists he has the money, but is using a "substantial amount" for his presidential campaign. ...CBS News - Top stories - Donald Trump -
Inflation has hit these 3 U.S. cities the hardest. That has ‘substantial political implications,’ analyst says.
Cities experiencing more significant inflation typically have undergone rapid population growth, leading to an increased demand for goods and services, an analyst said.MarketWatch - Business -
Buy energy stocks as Fed becomes less aggressive in fighting inflation, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.MarketWatch - Business - Federal Reserve -
CPI inflation will almost surely be above 3% well into midyear, Garda’s Magnusson says
The first two months of 2024, which brought more signs of surprisingly persistent U.S. inflation, have paved the way for the annual headline rate of consumer-price gains to remain above 3% well into June or July.MarketWatch - Business -
Early reviews of the IRS Direct File free tax-prep tool are in. Here’s what taxpayers say so far.
“It was the fastest I’ve ever done my taxes,” says one user. An estimated 19 million people could be eligible to use Direct File, the IRS says.MarketWatch - Business -
These 3 tax rules weren't a big deal last year—now they could cost you thousands, experts say
Don't let taxes rules around savings accounts, cryptocurrency and student loans catch you by surprise this year, experts say.CNBC - Business -
An 'often overlooked' retirement savings option can lower your tax bill, advisor says. Here's how it works
There's still time to lower your 2023 tax bill or boost your refund with a spousal IRA for married couples. Here's who qualifies.CNBC - Business -
Hunter Biden asks skeptical judge to dismiss tax charges he says are politically motivated
Lawyers for Hunter Biden asked a judge at a hearing in federal court in Los Angeles on Wednesday to dismiss tax charges filed against him last year, arguing that the case is politically motivated — allegations that did not appear to sway the ...NBC News - Politics - Joe Biden -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
4 suspects charged in Moscow terror attack, Russian news agency says
"Nothing was passed," Ambassador to the United States Anatoly Antonov told Russian state media.ABC News - Top stories - Russia -
Ship made warning call before striking Baltimore bridge, mayor says it saved lives
Officials say the ship that struck the Francis Scott Key Bridge made a mayday call that it had lost power, giving law enforcement time to stop traffic onto the bridge before it was hit and collapsed. CBS News Homeland Security and Justice reporter ...CBS News - Top stories -
Joel Embiid injury update: 'Very good likelihood' 76ers star will return before playoffs, Nick Nurse says
The Sixers coach offered an update prior to Philadelphia's game on WednesdayCBS Sports - Sports - NBA -
UK democratic rights under threat, says government adviser on social cohesion
Disinformation, extremism and intimidation are stifling free speech in public life, warns Dame Sara Khan.Financial Times - World - United Kingdom -
Amid book bans, DEI cuts and 'Don't Say Gay' laws, 7 states will mandate LGBTQ-inclusive curricula
Washington will now mandate that the state’s public schools teach LGBTQ history, as red and blue states continue to diverge on whether schools should expose kids to gay and trans identities.NBC News - Politics -
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objections
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objectionsABC News - Entertainment -
NBC has cut ties with former RNC head Ronna McDaniel after employee objections, some on the air
NBC News will cut ties with former Republican National Committee chief Ronna McDaniel, hired last week as an on-air political contributorABC News - Entertainment -
Newest ECB board member says it can cut rates ‘swiftly’ despite rising wages
Piero Cipollone’s comments indicate he may argue for loosening monetary policy at bank’s April meetingFinancial Times - World -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
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 -
UK has 'robust' approach to China, Sunak insists
The prime minister was defending the government's position a day after his MPs accused Beijing of "malicious" cyber campaigns.BBC News - Top stories - United Kingdom