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Cocoa Prices Slump as Monthslong Rally Turns Bitter
Cocoa prices fell sharply this week, with liquidity drying up and trading growing volatile as buyers balk at high expenses.The Wall Street Journal - World -
Iran Says It Has Released Israel-Linked Ship’s Crew It Detained
Iranian forces seized the Portuguese-flagged ship, the MSC Aries, as tensions between Iran and Israel were rising.The New York Times - World - Iran -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
Employers added 175,000 jobs last month, marking a hiring slowdown
U.S. unemployment rate rose slightly to 3.9% in April, continuing a stretch of remaining under 4% for 27 months.CBS News - Top stories -
April jobs report misses expectations, signaling a possible slowdown
U.S. employers added 175,000 jobs in April.ABC News - Top stories -
How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
College football bowl game schedule likely eyeing expansion as revenue-sharing model would curb opt-out trend
Expansion is the hot trend in all corners of college athletics, and the NCAA transformation committee has made it clear more postseason opportunities are desired in all sportsCBS Sports - Sports - College Football
More from The Wall Street Journal
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Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
Press Freedom Is Under Attack in Much of World, U.N. Ambassador Says
The detention of WSJ reporter Evan Gershkovich is called an example of increasing hostility toward an independent press.The Wall Street Journal - World -
S&P 500 Notches a Weekly Gain After Jobs Report
Stocks finished out the week on a strong note after a Goldilocks jobs report boosted hopes for a late-summer rate cut.The Wall Street Journal - World -
Hope Hicks Recalls Campaign Crisis After Emergence of 'Access Hollywood' Tape
The onetime White House communications director took the stand in the former president’s hush-money trial.The Wall Street Journal - World -
Infiltrated (Saturday Crossword, May 4)
The Wall Street Journal - World