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Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests

Another big jobs report in May has pretty much swept aside the possibility of interest rate cuts anytime soon — and in the process underscored the tricky policy path ahead for new Federal Reserve Chair Kevin Warsh. The chance of rate reductions already had been on life support heading into Friday's nonfarm payrolls report. But the unexpectedly strong gain of 172,000, compounded by sharp upward revisions for prior months, makes the case for policy easing even weaker, particularly considering...

CNBC 4d ago

Stonehenge's most mysterious stone traveled 700 kilometers across Britain

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Science Daily 1d ago

Keeping the lights on: How India manages its power demand

On May 21, India's power grid hit a number it had never seen before. Demand crossed 270 gigawatts, peaking at 270.73 GW. To put that in context, the entire installed power capacity of the United Kingdom is roughly 80 GW.

Times of India 3d ago

OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects

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Scientists race to collect the last seeds from a critically endangered tree before it goes extinct

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Live Science 5d ago

Gunman kills one and wounds five in several drive-by attacks in Israel

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The Independent World 3d ago

Trump halts $1.8bn ‘anti-weaponisation’ fund amid bipartisan backlash

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How the Spurs reached the Finals ahead of schedule...

A SWELTERING MUGGINESS masked the air-conditioned chill Thursday afternoon inside Frost Bank Center, where the San Antonio Spurs were reeling from an opportunity lost less than 24 hours prior: letting a late fourth-quarter lead slip away in Game 1 of the franchise's first NBA Finals appearance since 2014. For Spurs franchise superstar Victor Wembanyama, the aftermath of the New York Knicks' 105-95 victory -- the 22-year-old finished with playoff career highs in turnovers (six) and missed...

ESPN 5d ago

UK faces ‘eye-watering’ public sector cuts to fund defense pledges

LONDON — The United Kingdom will have to slash public sector spending to finance defense, causing “pain and great difficulty” for the ruling Labour Party, a former NATO chief and senior party official warned on Tuesday. George Robertson — a former U.K. defence secretary who co-wrote last year’s Britain’s Strategic Defence Review and is now in the House of Lords — warned Labour MPs that Britain’s military spending promises and its NATO commitments must “come from domestic...

Politico EU 1d ago