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  • Confounding US economic, inflation data muddy Fed's rate path

    The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and households pushed into default through a broad credit crackdown. Instead, the Fed is wrestling with an economy that has sloughed off tight monetary policy to such a degree that U.S. central bank officials are without a clear view of what to expect and divided over issues like productivity, the economy's underlying potential, and even whether the current policy interest rate is as restrictive as imagined when they called off further hikes. A recently updated Fed index of overall financial conditions showed there was virtually no impact on economic growth right now from the central bank's monetary policy or the broader credit conditions it is intended to influence.

  • SNP ends power-sharing deal with Scottish Greens over climate strategy

    Cabinet votes to leave historic Bute House agreement after government abandons emissions target

  • UK retail sales slide in April, early Easter may be partly to blame: CBI

    British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a survey showed on Thursday. The Confederation of British Industry's (CBI) monthly retail sales gauge, which measures volumes versus a year ago, fell to -44 from +2 in March. "April’s sharp fall in retail sales was likely related to the earlier timing of Easter this year, so we should take it with a pinch of salt," Alpesh Paleja, CBI lead economist, said.

  • NFL draft order for all 257 picks: Who picks when for all 7 rounds of this year's draft

    The NFL draft has arrived! Here's the complete list, round by round, of the draft order for this year's event in Detroit.

  • Q1 2024 Maxlinear Inc Earnings Call

    Q1 2024 Maxlinear Inc Earnings Call

  • Machine Gun Kelly Says Taylor Swift ‘Is a Saint’ When Asked to Say ‘3 Mean Things’ on “Hot Ones”

    The rapper refused to be critical of Swift when asked to by Trippie Redd

  • Customers love our self-checkouts, insists Sainsbury’s boss

    The boss of Sainsbury’s has insisted customers like self-checkout tills, even as other supermarkets ditch them because of a backlash.

  • UPS, FedEx transition to electric vans slowed by battery shortages, low supply

    UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's climate-warming tailpipe emissions. The path to electrification by the package delivery giants is critical to U.S. President Joe Biden's transportation climate goals. Achieving that aim, however, is hampered by battery shortages that are limiting EV supplies and keeping prices high, and by startup electric van makers that are running out of money and shutting down.

  • US SEC expected to deny spot ether ETFs next month, industry sources say

    U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said. VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.

  • Shoplifting offences soar to highest level in 20 years, new figures show

    More than 100,000 more shoplifting offences were recorded in 2023 than the previous year, figures reveal

  • Mexican cement maker Cemex's Q1 profit climbs despite dip in volumes

    Mexican cement-maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to financial derivatives, although its operating earnings declined. The firm, one of the world's largest cement producers, posted a net profit of $254.4 million, beating analysts' estimate of $218.2 million as per LSEG data. Revenue inched up 3% year-over-year to $4.14 billion, just shy of analysts' estimate of $4.19 billion, despite volumes falling in all of its product segments.

  • Q1 2024 SEI Investments Co Earnings Call

    Q1 2024 SEI Investments Co Earnings Call

  • UPDATE 1-Chemicals maker Dow beats quarterly profit estimates

    Chemicals maker Dow beat first-quarter profit estimates on Thursday, helped by higher sales volumes as global manufacturing activity shows signs of growth. China's manufacturing activity expanded for the first time in six months in March while U.S. manufacturing grew for the first time in about 18 months, benefiting Dow whose products are used in a range of industries.

  • Challengers: Zendaya’s tennis love triangle serves up racquet-twanging steaminess

    All right, who’s for mixed doubles? Cinema has brought us love triangles in the world of professional tennis before – perhaps most memorably in George Cukor’s Pat and Mike and Woody Allen’s Match Point. But the sheer racquet-twanging steaminess of Luca Guadagnino’s new entry in the canon makes its forerunners look like games of back-garden swingball. Challengers must be the most purely pleasurable film of the year so far. Like a great tennis match, it’s a clash of sleekly honed bodies and minds,

  • Russell Salvatore accused of sexual harassment, discrimination

    In a lawsuit filed Wednesday, a former employee of Russell Salvatore has accused the restaurant owner of sexual harassment, discrimination and wrongful termination.

  • Futures falter as Meta Platforms weighs on megacaps

    Meta plunged 12.9% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue and raising fears the surging cost of AI is outpacing its benefits. Shares of some other growth stocks also fell, with Alphabet, Amazon.com and Microsoft down between 1.5% and 2.7%.

  • Fourth person arrested after five migrants die in Channel boat crossing tragedy

    An 18-year-old from Sudan has been arrested while a 19-year-old man was released without charge over the incident.

  • Yousaf hails ‘new beginning’ after terminating powersharing deal with Greens

    The Scottish First Minister has called time on the Bute House Agreement.

  • 42 new-in M&S summer dresses we predict will sell out first

    Whether you're planning a wedding guest outfit or your summer holiday looks, these are the dresses you should know about from Marks & Spencer.

  • Q1 2024 Prosperity Bancshares Inc Earnings Call

    Q1 2024 Prosperity Bancshares Inc Earnings Call