Canadian inflation heated up last month as prices at the pump jumped, yet expectations that a first rate cut could come as soon as June are undimmed after closely watched measures of underlying price pressures eased each month this year.
The U.S. and Chinese governments have started working together to fight money laundering in their financial systems, finding some common ground amid increasing geopolitical and economic tensions between the two countries.
The singer-songwriter sounds more at home than ever before on her third album, which finds a slightly folky, alternative-rock sound that makes familiar subjects of love and loss feel fresh.
Federal Reserve Chair Jerome Powell said firm inflation had introduced new uncertainty over whether the central bank would be able to lower rates this year.
Treasury yields rose on Fed Chairman Powell’s comments that that U.S. policy makers need to see more data to gain confidence that inflation is moving down to the Fed’s 2% target.
U.S. stocks edged higher, with the Dow industrials leading gains, as investors cheered earnings from Morgan Stanley and UnitedHealth and digested comments from Fed Chair Jerome Powell.
Asna Tabassum, a Muslim student, has faced criticism for her social-media presence. The university said the valedictorian debate ‘has taken on an alarming tenor.’
Elon Musk’s SpaceX has begun a crackdown on users who are connecting to its Starlink high-speed internet service from countries where it isn’t authorized.
College basketball’s leading scorer became the No. 1 pick in the WNBA draft on Monday night, but her salary is a fraction of what other superstar athletes make.
German economic expectations are surging, as falling inflation is expected to boost real disposable incomes, Pantheon Macroeconomics economist Melanie Debono writes in a note.