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WASHINGTON: US President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower interest rates. Trump insisted that his moves to upend the global trading system with higher tariffs would eventually make Americans rich, and insisted that a first-quarter contraction in the US economy was the result of former President Joe Biden’s policies. In an interview with “Meet the Press with Kristen Welker” on NBC News that aired on Sunday, Trump said he expected the Fed to lower interest rates at some point. “Well, he…
Published Mon, May 5, 2025 · 07:09 AMAUSTRALIA’S Westpac Banking Corp recorded a marginal 1 per cent drop in its first-half net profit on Monday, as a rise in operating costs due to technology investments offset growth in total loans.Westpac recorded growth in home, business and institutional lending volumes, but its operating expenses rose nearly 6 per cent to A$5.70 billion (S$4.8 billion), driven by costs tied to its Unite simplification programme.The bank’s net interest margin – the difference between interest earned from lending and paid for deposits – fell one basis point from last year to 1.88 per cent,…
A M&S insider has told Sky News it could be “months” before the retailer fully recovers from an ongoing, severe cyber attack – and that the company had no plan for such an incident.Hackers have been holding the High Street brand to ransom for more than a week now, forcing it to suspend online orders and halt recruitment. An employee at M&S’s head office, who spoke to Sky News on condition of anonymity, said that last week had been “just pure chaos”.”We didn’t have any business continuity plan [for this], we didn’t have a cyber attack plan,” the source said.”In…
Coinciding with US President Donald Trump’s trade war, the supply hikes are taking a brutal toll on oil prices, which have sunk to a four-year low near US$60 a barrel in LondonPublished Mon, May 5, 2025 · 06:11 AM[CAIRO] The Organization of the Petroleum Exporting Countries and its allies (Opec+) leader Saudi Arabia warned the group’s overproducing members it could amplify a historic shift in policy and deliver further production increases unless they fall in line, delegates said.Riyadh steered the Organization of the Petroleum Exporting Countries on Saturday (May 3) to agree on a surge of 411,000 barrels a day…
Vanessa O’Brien talks Blue Origin flight and completing the ultimate exploration challenge – CBS News Watch CBS News Explorer Vanessa O’Brien joins “CBS Mornings” to reflect on her record-breaking journey from Mount Everest to the bottom of the ocean to space aboard Blue Origin’s sixth crewed mission, completing the “Explorers’ Extreme Trifecta.” Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
(ST. JOSEPH, Mo.) Area native Elisabeth Wykert has found growing success on social media since the tip-off of her observational and dance comedy during the pandemic. She is now doing multiple shows in the area. Wykert’s comedy styling comes from inspired acts like other names in the entertainment scene or on social media. However, also drawing ideas from classic television shows such as the Carol Burnett show or other classics that might be found from the channel TV Land. Despite racking up over a million followers on her social media accounts, Wykert is always looking to entertain and surprise with new ideas. “I still don’t know…
We can say from first hand experience of seeing this in effect, Psilocybin are a reliable form of treating mental health disorders and it is highly effective. According to recent research, Magic mushrooms also help with cognitive decline diseases like Alzheimer’s disease and dementia (1). The fungi group has previously shown potential to aid mental health problems such as anxiety or depression; they’re also known for their impact on addiction – helping smokers quit cigarettes, among others! The very best results with dementia is actually micro dosing . Psilocybin mushrooms have never seen it fail. I was personally shocked. I…
Check out the best moments between the Arizona Diamondbacks and Philadelphia Phillies on Sunday, May 4th.
Ukrainian ambassador says Russia has been using drones against “completely civilian targets” – CBS News Watch CBS News Oksana Markarova, the Ukrainian ambassador to the U.S., tells “Face the Nation with Margaret Brennan” that Russia’s most recent overnight drone attack in Kyiv was against “completely civilian targets.” “Every day, regardless of what Russia says, there are some attacks and there are civilian casualties,” Markarova said. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
[SINGAPORE] Singapore’s food and beverage (F&B) sector has softened in recent months amid market saturation and challenging macroeconomic conditions, but opportunities remain, industry players said.The F&B industry posted a reading of 49.6 in the latest OCBC SME Index – which tracks the performance of small and medium-sized enterprises in Singapore – down from 51.1 in the fourth quarter.A score above 50 indicates growth compared with a year ago, while a score below 50 signals a decline.The sector’s contraction – its first decline after four consecutive quarters of growth – reflected a broader downturn in the overall index, which slipped to…