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Fed Interest-Rate Cut Is Not Likely Until End of Year, Raphael Bostic Reiterates: Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable ...
bloomberg.com/news/articles/2024-04-18/bostic-says-fed-can-be-patient-cut-not-likely-until-end-of-year
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Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel received its first-ever sovereign downgrade as S&P Global Ratings lowered its ...
bloomberg.com/news/articles/2024-04-18/s-p-downgrades-israel-rating-on-heightened-geopolitical-risk
Stock Market Today: Dow, S&P Live Updates for April 19: Asian stocks dropped after US shares and Treasuries extended this month’s selloff following solid ...
bloomberg.com/news/articles/2024-04-18/stock-market-today-dow-s-p-live-updates
TSMC Outlook Beats Estimates as AI Demand Helps Propel Business: Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter ...
bloomberg.com/news/articles/2024-04-18/tsmc-posts-first-profit-growth-in-a-year-after-global-ai-boom
Moody’s Reduces Outlooks on Direct Lending Funds Managed by BlackRock, Oaktree: Moody’s Ratings this week gave private credit investors greater reason for ...
bloomberg.com/news/articles/2024-04-18/three-private-credit-funds-get-moody-s-warning-on-problem-loans
IMF Financial Stability Report: Basis-Trade Section Calls Out Funds’ Bond Wagers: A small group of funds has accumulated such large short wagers in the Treasury ...
bloomberg.com/news/articles/2024-04-18/huge-bond-wagers-make-some-hedge-funds-too-big-to-fail-imf-says
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Why so Many People Seem to Be Taking Adderall These Days: The forces behind this booming drug use.
bloomberg.com/news/articles/2024-04-18/why-so-many-people-seem-to-be-taking-adderall-these-days
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US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage: The Biden administration imposed fresh sanctions on Iran over its April 13 strike on Israel ...
bloomberg.com/news/articles/2024-04-18/us-imposes-fresh-sanctions-on-iran-over-israel-drone-barrage
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Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho: The new fab to be built near Syracuse, N.Y., could create 50,000 jobs ...
barrons.com/articles/micron-technology-chips-act-funding-3d683fec
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Elections USA: If Trump wins, conservative revolution expected: In a “PRO Global” series, the NZZ wants to show what consequences a second US presidency of ...
nzz.ch/pro-global/falls-donald-trump-gewinnt-ist-die-weltordnung-bedroht-ld.1825041
IMF Says Growth’s Secret Sauce Is American Catch-Up: Data from its latest World Economic Outlook suggest that the more a country’s product and labor markets ...
bloomberg.com/opinion/articles/2024-04-18/imf-says-growth-s-secret-sauce-is-american-catch-up
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Solar Groups Lobby Biden to Head Off Trade Case Over Import Tariffs: Solar developers are lobbying the Biden administration to bolster support for domestic ...
bloomberg.com/news/articles/2024-04-18/solar-groups-lobby-biden-to-head-off-sector-roiling-trade-case
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China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
Yuan (CNY USD) Usage Making Larger Share of International Payments, Swift Says: The Chinese yuan is accounting for a growing share of international payments ...
bloomberg.com/news/articles/2024-04-18/yuan-usage-extends-global-climb-as-euro-share-slips-swift-says
Shopper sparks outrage after 'paying $7 for a single apple:' 'What economy are we all f--king living in?'
nypost.com/2024/04/18/lifestyle/shopper-sparks-outrage-after-paying-7-for-a-single-apple/
Quick Glance: Outrage Stirred by Expensive Apple Purchase
- A Boston influencer sparked outrage by sharing that she paid $7 for a single apple at Whole Foods.
- The video clip, shared by the woman under the username @via..li, has since been deleted from her own account.
- Despite Whole Foods listing the Organic Sugarbee Apple at $3.99 per pound in most Boston zip codes, prices may vary at different outlets.
- The TikTokker claimed the apple cost $7, causing outrage among viewers, although some expressed doubts about her story.
A $9.5 Trillion ESG Investor Group Wants Private Market Reforms: Global ESG investors with $9.5 trillion under management say it’s time to demand more ...
bloomberg.com/news/articles/2024-04-18/a-9-5-trillion-esg-investor-group-wants-private-market-reforms
US Vetoes UN Bid to Make Palestine a Full Member of World Body: The US vetoed a bid to make Palestine a full-fledged member of the United Nations ...
bloomberg.com/news/articles/2024-04-18/us-vetoes-un-bid-to-make-palestine-full-un-member
Quick Glance: US Blocks UN Resolution for Palestinian Full Membership
- In the Security Council, 12 countries voted for a UN resolution recommending full Palestinian membership, with the US opposing and two countries abstaining.
- The US argued that Palestinian membership should result from negotiations between Israel and Palestinians to enable a two-state solution.
- The Palestinian delegation emphasized that UN membership is a crucial step for peace in the region and criticized the Israeli government for its rejection.
- Israel rejected the resolution and warned of its potential impact on future dialogues, especially in light of the recent escalation of violence in Gaza.
Summers: Another Trump term would bring ‘inflationary spiral,’ big deficits: Former Treasury Secretary Larry Summers warned Wednesday that a second Trump ...
thehill.com/homenews/campaign/4601150-summers-trump-term-inflationary-spiral/
Ayala’s ACEN to Spend $15 Billion to Quadruple Power Capacity: ACEN Corp., the energy unit of Philippine conglomerate Ayala Corp., expects to spend $15 billion ...
bloomberg.com/news/articles/2024-04-18/ayala-s-acen-to-spend-15-billion-to-quadruple-power-capacity
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EU to Discuss Paradigm Shift at Competitiveness Summit: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-18/eu-to-discuss-paradigm-shift-at-competitiveness-summit
BOE Governor Expects Sharp Drop in UK Inflation Next Month: Bank of England Governor Andrew Bailey expects a sharp drop in Britain’s inflation rate next month ...
bloomberg.com/news/articles/2024-04-17/boe-governor-expects-sharp-drop-in-uk-inflation-next-month
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
Banxico’s Espinosa Says It’s Too Soon for a Long Easing Cycle: Mexico central bank Deputy Governor Irene Espinosa on Wednesday said it’s too soon to talk about a ...
bloomberg.com/news/articles/2024-04-17/banxico-s-espinosa-says-it-s-too-soon-for-a-long-easing-cycle
Peter Murrell charged with embezzlement in SNP finance probe: The husband of Nicola Sturgeon had been re-arrested in connection with the SNP finances ...
bbc.com/news/uk-scotland-68850088
Quick Glance: Police Investigation into SNP Finances: Key Updates
- On Thursday, the re-arrest of Peter Murrell, the husband of Nicola Sturgeon, took place as part of the police investigation into the SNP’s finances.
- Murrell, aged 59, was apprehended and underwent interrogation by detectives.
- The arrest occurred slightly more than a year subsequent to the search conducted by Police Scotland officers at the couple’s residence, where a blue tent was set up outside the property, alongside searches at the SNP’s headquarters in Edinburgh.
- In April 2024, Peter Murrell was charged with 'embezzlement' of funds from the SNP.
Iran sanctions: US and UK extend measures against Tehran: Measures against Tehran's drone programme are issued jointly in response to Saturday's attack on Israel ...
bbc.com/news/world-middle-east-68848438
A man who served 17 years in jail for a crime he didn't commit dismisses apology from UK review body
apnews.com/article/britain-malkinson-conviction-quashed-apology-e22365bd7d43980a91bfb5d74117971c
US, UK unveil sweeping sanctions on Iran in response to its attack on Israel: WASHINGTON: The United States and the United Kingdom announced widespread sanctions ...
channelnewsasia.com/world/us-uk-unveil-sweeping-sanctions-iran-after-attack-israel-4275611
Quick Glance: US imposes new sanctions on Iran's drone program
- The United States imposed new sanctions Thursday on sixteen people and two entities associated with Iran’s drone program to punish Tehran for the weekend's attack on Israel.
- The sanctions target executives of an engine manufacturer supplying Iran’s Shahad-131 drones, companies servicing the engines, and individuals providing the drones to Iranian proxy forces in the Middle East.
- Coordinated with European allies, the new sanctions aim to disrupt Iran's missile and drone program and isolate the country globally.
- President Joe Biden emphasized the US commitment to holding Iran accountable, utilizing economic tools to counter Iran's activities, as stated by Treasury Secretary Janet Yellen.
It's a Wilder Stock Market Now. Don't Panic.: Investors should prepare for more stock market choppiness ahead amid the Iran-Israel conflict ...
on.barrons.com/3JomNl6
Quick Glance: S&P 500: Potential Downside Risk with Nasdaq 100 in Peril (Technical Analysis)
- The S&P 500 may be facing potential downside risk, with a deep decline possibly unfolding in stages, with the Nasdaq 100 potentially being the last to be affected.
- In the era of 'buying the dip,' there is a chance that a decline could occur gradually or swiftly, or it could even be a false alarm.
- As a risk manager, it is more important to assess the risks of different market segments and position accordingly, rather than speculate on market movements.
- The primary goal is to avoid being affected by market-changing sell-offs, and adjusting the portfolio to address the current market risks is crucial.
U.S. vetoes proposal to give Palestinians full UN membership, 12 of 15 member countries vote in favor
haaretz.com/middle-east-news/palestinians/2024-04-19/ty-article/u-s-vetoes-un-resolution-to-recognize-palestinian-state-as-full-member/0000018e-f31e-dea6-ab9e-f39f36f70000
Iran Tells UN It’s Ready to De-Escalate If Israel Stops Military ‘Adventurism’: Iran is prepared to de-escalate tensions with Israel provided that it agrees to ...
bloomberg.com/news/articles/2024-04-18/iran-ready-to-de-escalate-if-israel-stops-adventurism-un-told
Lindner Says Germany Should Avoid Copying US IRA as It Doesn’t Reduce Inflation: German Finance Minister Christian Lindner warned his coalition partners against ...
bloomberg.com/news/articles/2024-04-17/german-finance-chief-lectures-us-on-spending-at-washington-event
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How would a 'youth mobility scheme' between the UK and EU really work?: The EU and the UK could enter into a 'youth mobility' scheme allowing young ...
thelocal.dk/20240418/how-would-a-youth-mobility-scheme-between-the-uk-and-eu-really-work
After smoking ban in Great Britain: Smoking will soon be illegal in Germany?: Smoking is to be gradually banned in Great Britain. Now the German drug ...
t-online.de/nachrichten/deutschland/id_100388312/nach-rauchverbot-in-grossbritannien-rauchen-in-deutschland-bald-illegal-.html
Harry Styles’ stalker gets prison sentence, decade-long concert ban: The stalker who allegedly sent Harry Styles 8,000 cards in less than a month is headed in ...
nydailynews.com/2024/04/18/harry-styles-stalker-gets-prison-sentence-decade-long-concert-ban/
Are Stonewall and Mermaids charitable?: Iwas once asked by a colleague to sponsor him on an undertaking designed, he said, to raise money for a very good ...
spectator.co.uk/article/are-stonewall-and-mermaids-charitable/
Senators Propose New Bill Banning Algorithmic Stablecoins: Two senators — one Republican, one Democrat — are proposing a measure to regulate stablecoins amid a ...
bloomberg.com/news/articles/2024-04-17/senators-tout-new-stablecoin-bill-as-broader-banking-deal-eyed
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Fed’s Beige Book Holds Clues to Predicting Downturn, Study Shows: A trove of anecdotes on the economy gathered by the Federal Reserve over five decades may hold ...
bloomberg.com/news/articles/2024-04-17/fed-s-beige-book-holds-clues-to-predicting-downturn-study-shows
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Swiss Parliament Rejects Joining Russia Sanctions Task Force: Switzerland’s parliament rejected a proposal for the government to join a US-led sanctions task ...
bloomberg.com/news/articles/2024-04-17/swiss-parliament-rejects-joining-russia-sanctions-task-force
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UK Inflation Stronger Than Expected on Higher Fuel Prices: UK inflation slowed less than expected last month as fuel prices crept higher, underscoring the ...
bloomberg.com/news/articles/2024-04-17/uk-inflation-stronger-than-expected-on-higher-fuel-prices
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Foreigner Investors Set to End Emerging Asia Stock-Buying Streak: Global funds are retreating from emerging markets in Asia, with a five-month buying spree of ...
bloomberg.com/news/articles/2024-04-17/foreigner-investors-set-to-end-emerging-asia-stock-buying-streak
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The Man Who Made a Million Socialists: Robert Tressell, author of 'The Ragged Trousered Philanthropists,' was born 150 years ago. His writing left an indelible ...
tribunemag.co.uk/2020/12/the-man-who-made-a-million-socialists
NFER: MATs should create 'director of SEND' role: Multi-academy trusts should create a 'director of SEND' role to help inclusion ...
schoolsweek.co.uk/nfer-mats-should-create-director-of-send-role/
Medical cannabis for sale under street names such as ‘Alien Dawg’: Families unable to get an NHS prescription are angry that medical cannabis is being sold to ...
thetimes.co.uk/article/cannabis-cgptgxtkk
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Forced home moves cost renters over half a billion pounds a year: There were 830,000 unwanted moves in England over the past 12 months, meaning 40% have been ...
theguardian.com/society/2024/apr/18/forced-home-moves-cost-renters-over-half-a-billion-pounds-a-year
Netanyahu to UK, German FMs: Thanks, but we make our own decisions: Israeli FM Israel Katz and President Isaac Herzog thanked the two German officials for their ...
jpost.com/breaking-news/article-797531
Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
Protect children from smacking in England and Northern Ireland, say doctors: Physical punishment at home can have a lasting impact and end in abuse ...
bbc.com/news/health-68827782
How London Became a ‘Hot Spot’ for Threats Against Iranian Journalists: Iranian reporters and broadcasters in Britain have suffered physical attacks ...
nytimes.com/2024/04/17/world/europe/uk-london-iranian-journalists-repression.html
Scottish government abandons flagship climate goal: Net Zero Secretary Màiri McAllan said that her government “accepts” that reductions targets for 2030 are now ...
politico.eu/article/scottish-government-abandons-flagship-climate-goal-mari-mcallan-says/
UK Weighs Curbs on Outbound Investment in AI, Chips Over Security Risks: The UK is considering new curbs on outward investment in emerging technologies such as ...
bloomberg.com/news/articles/2024-04-17/uk-mulls-new-curbs-on-outward-investment-over-security-risks
EU fiddles on Middle East as Ukraine burns: EU leaders look set to focus on Iran — where there is little they can achieve — while still failing to flex real ...
politico.eu/article/middle-east-consumes-more-attention-than-ukraine-eu-leaders-meeting-summit/
Cheapest place to buy olive oil as supermarket prices hit £15: UK shoppers have been left unimpressed by the rising cost of an essential kitchen cupboard item in ...
walesonline.co.uk/news/cost-of-living/buy-cheapest-olive-oil-prices-29005877
Paedophiles could be stripped of parental rights under new law: It comes after the BBC reported a mum's fight to stop her ex-husband getting access to their ...
bbc.com/news/uk-68830796
Netanyahu rebuffs Cameron’s call for restraint over Iran: Israeli PM thanks allies for ‘suggestions and advice’ but insists he will decide on a military response ...
thetimes.co.uk/article/david-cameron-sanctions-iran-uk-israel-attack-8b3mskgdq
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Inflation in the UK continues to weaken: Consumer prices rose by 3.2 percent year-on-year in March, the Office for National Statistics (ONS) announced in London ...
diepresse.com/18375911/inflation-in-grossbritannien-schwaecht-sich-weiter-ab
Netanyahu rebuffs Cameron’s call for restraint over Iran: Israeli PM thanks allies for ‘suggestions and advice’ but insists he will decide on a military response ...
thetimes.co.uk/article/david-cameron-sanctions-iran-uk-israel-attack-8b3mskgdq
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UK inflation falls less than expected to 3.2% in March: Rate continues to drop but economists had forecast a decline to 3.1%
ft.com/content/f70f52d1-87ac-42f9-a0c3-be3e5e88d711
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New Zealand's crisis of confidence: Three in five New Zealanders say our country is in decline and our society is broken. How can we restore faith in the ...
newsroom.co.nz/2024/04/18/new-zealands-crisis-of-confidence/
US Bank Earnings: Traders Beat Estimates as Net Interest Income Slumps: Wall Street’s traders are picking up the slack as income from lending slumps across the ...
bloomberg.com/news/articles/2024-04-16/big-us-banks-surprise-trading-haul-blunts-lending-income-slump
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ECB Will Need to Make More Cuts This Year and Next After June, Villeroy Says: The European Central Bank will need to make further reductions to interest rates ...
bloomberg.com/news/articles/2024-04-16/ecb-to-cut-more-this-year-and-next-after-june-villeroy-says
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WTO Chief Warns of ‘Free for All’ Under Trump’s Plan to Raise Tariffs: Former President Donald Trump’s plan to raise tariffs on US imports would spark a “free ...
bloomberg.com/news/articles/2024-04-16/wto-chief-warns-of-free-for-all-under-trump-s-tariff-hike-plan
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Fire Engulfs Copenhagen Landmark Old Stock Exchange Building: A fire ripping through Denmark’s old stock exchange building has torn down the structure’s ...
bloomberg.com/news/articles/2024-04-16/copenhagen-landmark-old-stock-exchange-building-is-on-fire
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Quick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
- A blaze engulfed Copenhagen’s historic former stock exchange in Denmark’s capital on Tuesday, with the spire being consumed by flames and collapsing.
- The fire spread across multiple floors of the monument, leading to the collapse of its roof, as reported by local fire department chief Jakob Vedsted Andersen.
- The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.
- Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
Oil Traders Wager on $250 Price by June as War Risk Escalates: Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices ...
trib.al/ckNH2nm
IMF Steps Up Its Warning to US Over Ballooning Debt
bloomberg.com/news/articles/2024-04-16/imf-steps-up-its-warning-to-us-over-ballooning-debt
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Liechtenstein Is Joining the International Monetary Fund: Liechtenstein, the world’s second-richest country, is set to become the newest member of the ...
bloomberg.com/news/articles/2024-04-16/centuries-old-principality-set-to-become-imf-s-youngest-member
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JPY/USD: Brief Yen Surge Shows Traders Highly Sensitive to Japanese Intervention: The yen’s sudden surge in value Tuesday was the likely result of traders ...
bloomberg.com/news/articles/2024-04-16/brief-yen-surge-shows-traders-highly-sensitive-to-intervention
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US Two-Year Yield Climbs Past 5% to Highest Level Since November - Bloomberg: The US two-year yield rose past 5% to the highest level since November after ...
bloomberg.com/news/articles/2024-04-16/us-two-year-yield-climbs-past-5-to-highest-level-since-november
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Dubai Mansion Sales Soar as Wealthy Flock to Palm-Shaped Island: Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first ...
bloomberg.com/news/articles/2024-04-16/dubai-mansion-sales-soar-as-wealthy-flock-to-palm-shaped-island
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EU Aims for New Iran Sanctions Over Israel Strike in Coming Days: The European Union aims to propose fresh sanctions on Iran over its strike on Israel as early ...
bloomberg.com/news/articles/2024-04-16/eu-aims-for-new-iran-sanctions-over-israel-strike-in-coming-days
Emerging-Market Assets Sink to 2024 Low Amid Growth, Rate Risks: The benchmark index for emerging-market equities erased its 2024 advance and the gauge for ...
bloomberg.com/news/articles/2024-04-16/emerging-market-assets-sink-to-2024-low-amid-growth-rate-risks
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"Exaggerated": France's assessment of the Iranian attack on Israel: France and Britain agree that the Iranian attack on Israel was "excessive".
de.euronews.com/my-europe/2024/04/15/ubertrieben-irans-angriff-auf-israel-kommt-im-westen-naturgemass-nicht-gut-an
Quick Glance: New Measures Against Iran and Escalation in West Bank
- The United States intends to take further actions against Iran in the coming days to address the attacks on Israel over the weekend, as announced by US officials on Tuesday.
- To combat the escalation in the Israeli-occupied West Bank, Israeli and Palestinian officials reported the deaths of two Palestinians shot by Israeli settlers on Monday.
USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts: The dollar is headed for its biggest rally in over a year on expectations US interest rates ...
bloomberg.com/news/articles/2024-04-16/usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts
Scottish Power to Pay £1.5 Million for Overcharging Customers: One of Britain’s largest energy suppliers was slapped with a £1.5 million ($1 ...
bloomberg.com/news/articles/2024-04-16/scottish-power-to-pay-1-5-million-for-overcharging-customers
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Chinese Economy’s Strong Start to 2024 Is Already Fading: China announced faster-than-expected economic growth in the first quarter – along with some numbers ...
bloomberg.com/news/articles/2024-04-16/china-reports-surprisingly-strong-growth-driven-by-industry
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JPY USD: Yen Traders Brace for 160 Level Even as Intervention Risks Rise: A tumbling yen is spurring traders to game plan how much further Japan’s beleaguered ...
bloomberg.com/news/articles/2024-04-16/yen-traders-brace-for-160-level-even-as-intervention-risks-rise
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Emerging Market FX Index Drops to 2024 Low After Iran’s Attack on Israel: The resurgent dollar cut a swath through global emerging-market currencies Tuesday ...
bloomberg.com/news/articles/2024-04-16/emerging-market-fx-index-drops-to-2024-low-after-iran-s-attack-on-israel
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Wise Money Transfer App Revenue Misses Estimates as Payment Volume Growth Slows: Wise Plc reported revenue in its fourth quarter that missed analyst estimates as ...
bloomberg.com/news/articles/2024-04-16/wise-revenue-misses-estimates-as-payment-volume-growth-slows
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