Stocks Slip as June Rate Pause Optimism Fades: Markets Wrap
Stocks and bonds floundered after Wall Street lost faith that a pause in the Federal Reserve’s interest-rate hiking cycle was a given.
Bloomberg Business
DeSantis Is Courting Donors at Secret Dinners With One Major Line: I’m the Drama-Free Trump
Ron DeSantis, at a series of private dinners in recent weeks, has intensified his pitch to conservative donors that he’s better suited than Donald Trump to advance their agenda in the 2024 presidential race.
Treasury Has Just $88 Billion of Measures Left to Avoid Debt Cap
The US Treasury Department said in a statement Friday that it had just $88 billion of extraordinary measures to help keep the government’s bills paid as of May 10.
Bank of Canada’s Rhys Mendes Becomes First Non-White Deputy Governor
The Bank of Canada named Rhys Mendes as deputy governor, making him the first non-White member of its interest-rate-setting governing council.
North Carolina Appraiser Pleads Guilty in $1.3 Billion Green Tax Fraud Case
A North Carolina real estate appraiser pleaded guilty Friday over his role in a tax shelter that prosecutors say helped enable the sale of $1.3 billion in fraudulent deductions.
The Fed’s Iron-Grip Over Wall Street Trading Is Finally Easing
Risky and safe assets alike have hung on every word and deed of Jerome Powell and Co. for more than a year. Now slowly but surely, the Federal Reserve’s stranglehold over financial markets is easing.
Goolsbee Sees Signs Fed Can Avoid Sparking a Recession With Rate Hikes
The Federal Reserve sees signs that it can avoid triggering a recession in the US even as it has raised interest rates aggressively to put the brakes on inflation, Chicago Fed President Austan Goolsbee said.
Oil Sands in Canada Face Fire Threat as Temperatures Rise
Canada’s main oil-producing region in northeastern Alberta faces an increased risk of wildfires as temperatures rise over the weekend, provincial officials said.
‘Just What Elon Needs’: New Twitter CEO Linda Yaccarino Is Musk’s Bet to Win Back Sales
Twitter’s next leader is a well-connected media executive whose deep ties to Madison Avenue could help lure advertisers back to the platform at a critical time.
Lithium Americas’ Breakup Is Really About China, Executive Says
Lithium Americas Corp.’s decision to split the company came down to one thorny issue: US-China relations.
