- Reuters
FOREX-Dollar swoons after data suggests rate cut in September
The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter, raising hopes the Federal Reserve can deliver an interest rate cut as early as September. Also boosting optimism that the Fed was closer to a rate cut was a reading of U.S. retail sales that was unexpectedly flat last month, as higher gasoline prices pulled spending away from other goods in a sign the consumer was retrenching a bit. After inflation proved "sticky" in the first quarter, with housing rental rates and other prices remaining stubbornly high, the market welcomed the CPI data.
- Deadline
Kathryn Bigelow Sets Next Film At Netflix
Netflix is officially moving forward with Kathryn Bigelow’s next film as the streamer confirmed the news at its Upfront presentation in New York. As of right now no title was made available and plot details are being kept under wraps, though sources have told Deadline it would be set at the White House as a …
- Associated Press
Why the speech by Kansas City Chiefs kicker was embraced at Benedictine College's commencement
Kansas City Chiefs kicker Harrison Butker may have stirred controversy in some quarters for his proclamations of conservative politics and Catholicism on Saturday, but he received a standing ovation from graduates and other attendees of the May 11 commencement ceremony at Benedictine College in Atchison, Kansas. The fast-growing college is part of a constellation of conservative Catholic colleges that tout their adherence to church teachings and practice — part of a larger conservative movement in parts of the U.S. Catholic Church.
