- Reuters
Unions, businesses eye migrants to fill labor gaps in Ohio
On a noisy factory floor in Columbus, Ohio, trade union apprentice Jorge Herrera moved quickly as he assembled ventilation ducts to be used in the construction of a large car manufacturing plant on the outskirts of the city. The 27-year-old asylum seeker from Nicaragua, who had welding experience back in his home country, crossed the U.S.-Mexico border two years ago. He works alongside Sofia Mattern Mondragon, a 22-year-old Mexican-American worker who grew up in the United States.
- Yahoo News UK
Comedian Dane Baptiste sparks outrage over 'death threat' to Jewish female comic
Dane Baptiste has been accused of ‘racism’ and ‘antisemitism’ for his now-removed post on Instagram.
- Reuters
Morning Bid: Fed QT taper calms the horses, yen pops again
Anxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its "quantitative tightening" process on Wednesday, while the yen capitalized on an easier dollar after what seemed like the second bout of Japanese intervention this week. It may be thin gruel after a predictably hawkish Fed meeting that showed little inclination toward interest rate cuts any time soon, but the widely predicted Fed slowing of its balance sheet runoff was bigger than many had bargained for and may nod to its sensitivity to bond market angst and banking liquidity. The U.S. central bank said it would scale back the pace of QT starting on June 1, allowing only $25 billion in Treasury bonds to run off each month versus the current $60 billion.
