Yen rebounds against dollar as global central banks bifurcate

Associated Press
Defending champion Koepka looks to deliver more PGA punishment on 'big boy' course at Valhalla
Brooks Koepka called them “punishment workouts” — the heavy menu of sprints and weightlifting that sap the color from his face, put him on the verge of throwing up, and leave him dreaming of ways to avoid that kind of torture in the future. Five weeks later, he’s at Valhalla — a “big-boy golf course,” as he described it — looking to defend his title at the PGA Championship. It might explain why his trainer, Ara Suppiah, dialed up the tough workouts after Augusta, and why Koepka has as many major victories (5) as he had “regular” wins on the PGA and European tour (4) before he left two years ago.
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.
Reuters
UPDATE 1-US Congress passes broad aviation bill on safety and consumer rights
The U.S. House of Representatives on Wednesday overwhelmingly passed a broad aviation bill to boost air traffic controller staffing, increase funding to avert runway close-call incidents, and speed refunds for canceled flights. The 387-26 vote sends the $105 billion, five-year measure to reauthorize the Federal Aviation Administration (FAA) to President Joe Biden for his signature by Friday after the Senate approved it last week. The bill prohibits airlines from charging fees for families to sit together and requires them to accept vouchers and credits issued in lieu of refunds for at least five years.
BBC
Head teacher guilty of sexually abusing four girls
Neil Foden is found guilty of 19 sexual offences against young girls.
Deadline
Netflix Hits 40M Monthly Active Users, Nearly Double Its Scale At Start Of 2024; Company Shifts Ad Tech In-House
Netflix’s 18-month-old advertising tier has nearly doubled in size since the start of 2024, reaching 40 million monthly active users around the world. The streaming giant revealed the number at its first in-person upfronts presentation in New York. Last year, in a presentation conducted in a virtual format due to the WGA strike, the company …
Reuters
Netflix hits 40 million users for ad-supported plan
Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that its push to attract new users with the cheaper plan is paying off. The jump comes at a time when streaming companies are facing stiff competition and introducing bundles with their rivals to retain subscribers. Netflix, which launched the ad-supported plan in November 2022, said that 40% of all sign-ups come from those plans in the countries where they are available.
Reuters
US Southwest and Texas at risk of power shortfalls this summer, regulator says
The U.S. Southwest and Texas are at an increased risk of power supply shortfalls during times of peak demand this summer due to rising electricity consumption and supply constraints, the North American Electric Reliability Corporation said on Wednesday. Parts of the Midwest and New England are also under elevated threat of inadequate power supplies in high electricity consumption periods this summer, while the U.S. Northwest and most of the East Coast are expected to see normal conditions, NERC said. Extreme heat, new data centers, increased manufacturing activity and electric vehicles are raising U.S. power demand forecasts in the summer months.
Yahoo Finance
Netflix ad tier reaches 40 million monthly active users
The announcement marked a big increase from the 5 million users the company disclosed one year ago.
People
Naomi Campbell Resurrects Her 1997 Chanel Dress for Cannes Red Carpet with a Naked Twist! See the Then vs. Now
Dare we say the supermodel looks better than ever?
Deadline
Kevin Williamson’s Family Drama Series ‘The Waterfront’ Lands At Netflix
Dawson’s Creek creator Kevin Williamson’s return to North Carolina is heading to Netflix. Williamson’s family drama series The Waterfront has been ordered to series by the streamer. It comes a few months after Deadline revealed that the Scream writer was working on the series as part of a new overall deal with Universal Television. Inspired …
Business Wire
United Bankshares Declares Second Quarter Dividend
WASHINGTON & CHARLESTON, W. Va., May 15, 2024--United Bankshares Declares Second Quarter Dividend
People
Simone Biles Has 'Unfinished Business' in New Netflix Series Set to Debut Ahead of Paris Olympics
The four-part production will follow the decorated gymnast on her quest to return to Olympic greatness
Associated Press
The US says Boeing violated a 2021 settlement. That doesn't mean the company will face charges
The Justice Department's determination that Boeing violated corporate probation for deceiving federal regulators does not necessarily mean federal prosecutors will revive criminal charges against the giant aircraft manufacturer. The Justice Department said in a court filing Tuesday that Boeing had violated terms of a 2021 settlement that allowed it to avoid prosecution for actions that led up to two deadly crashes involving the company's 737 Max jetliners more than five years ago. What follows is an explanation of the Justice Department’s options and other things to know about the case. WHAT IS BOEING ACCUSED OF?
Reuters
Tyson Foods unsure when tight US cattle supplies will expand, CEO says
Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business. Producers slashed the herd to its lowest level in decades due to high feed costs and drought in the western United States, increasing the prices Tyson must pay to buy livestock for processing. Lower costs for grains fed to cattle and improved conditions for grazing are encouraging factors for increasing the U.S. herd, though high interest rates are a headwind, King said at a BMO Global Farm to Market Conference.
Reuters
UPDATE 1-US Lawmakers seek $32 billion to keep American AI ahead of China
A bipartisan group of senators, including Majority Leader Chuck Schumer, on Wednesday called on Congress to approve $32 billion in funding for artificial intelligence research to keep the U.S. ahead of China in the powerful technology. The senators, including Republicans Mike Rounds and Todd Young and Democrat Martin Heinrich, announced the goal as part of a legislative roadmap to address the promises and perils of AI.
Associated Press Finance
Premier League clubs to discuss a proposal to scrap the use of video review
The Premier League's 20 clubs will discuss a proposal to scrap the use of video review — or VAR — for refereeing decisions. Wolverhampton has submitted a resolution to trigger a vote at the league’s annual general meeting on June 6. If at least 14 of the 20 clubs vote in favor, VAR can be removed.
BBC
The Oval Office meeting pivotal to New York's case against Trump
Michael Cohen testified he met with Trump mere weeks after his inauguration to talk about hush money.
Yahoo Sports
New Statcast hitting metrics explained, Phillies first to 30 wins, Angels are scuffling
Jake Mintz & Jordan Shusterman break down all the new Statcast hitting metrics released by MLB, the Phillies success that’s led to them to being the first team to 30 wins this season, the Angels continuing to be a disappointment and other news from around the league.

NZX 50

NZD/USD

ALL ORDS

OIL

GOLD

Yen rebounds against dollar as global central banks bifurcate

Latest stories

Defending champion Koepka looks to deliver more PGA punishment on 'big boy' course at Valhalla

FOREX-Dollar swoons after data suggests rate cut in September

Kathryn Bigelow Sets Next Film At Netflix

Why the speech by Kansas City Chiefs kicker was embraced at Benedictine College's commencement

UPDATE 1-US Congress passes broad aviation bill on safety and consumer rights

Head teacher guilty of sexually abusing four girls

Netflix Hits 40M Monthly Active Users, Nearly Double Its Scale At Start Of 2024; Company Shifts Ad Tech In-House

Netflix hits 40 million users for ad-supported plan

US Southwest and Texas at risk of power shortfalls this summer, regulator says

Netflix ad tier reaches 40 million monthly active users

Naomi Campbell Resurrects Her 1997 Chanel Dress for Cannes Red Carpet with a Naked Twist! See the Then vs. Now

Kevin Williamson’s Family Drama Series ‘The Waterfront’ Lands At Netflix

United Bankshares Declares Second Quarter Dividend

Simone Biles Has 'Unfinished Business' in New Netflix Series Set to Debut Ahead of Paris Olympics

The US says Boeing violated a 2021 settlement. That doesn't mean the company will face charges

Tyson Foods unsure when tight US cattle supplies will expand, CEO says

UPDATE 1-US Lawmakers seek $32 billion to keep American AI ahead of China

Premier League clubs to discuss a proposal to scrap the use of video review

The Oval Office meeting pivotal to New York's case against Trump

New Statcast hitting metrics explained, Phillies first to 30 wins, Angels are scuffling