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US core PCE inflation set to rise further in April, backing Fed hawkish tilt

The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for April on Thursday at 12:30 GMT. The PCE Price Index is closely watched by market participants because it is the Federal Reserve’s (Fed) preferred measure of inflation and could influence the…

New Zealand’s Budget Release: Forecasts 2.3% GDP growth in 2026/27

New Zealand’s Finance Minister Nicola Willis delivered the government’s Budget 2026 on Thursday with the details below.Key quotesNZ sees 2025/26 operating balance before gains, losses NZ$-15.06 bln (hyefu NZ$-16.93bln).NZ sees 2026/27 OBEGAL balance NZ$-14.09 bln (hyefu NZ$-12.99bln).NZ 2025/26 cash balance NZ$-9.31 bln (hyefu NZ$-14.80).NZ sees 2026/27 GDP +2.3% (hyefu +3.4%).NZ sees 2025/26 net debt 42.4% of GDP (hyefu 43.3%).NZ Fin Min says will introduce prudential levy on banks, non-bank deposity takers, insurers and other financial market participants.NZ…

Business

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Costco grape plants spark fears of invasive pest threatening vineyards

Grape plants sold at several Costco locations in California may pose a serious threat to California vineyards and agriculture after inspectors discovered an invasive insect known for spreading a deadly grapevine disease. The San Joaquin County Agricultural Commissioner’s Office said inspectors discovered the glassy-winged sharpshooter on grape plants sold at…

Markets

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Keanu Reeves asks judge to give Netflix fraudster Carl Rinsch a light sentence

Keanu Reeves is asking a federal judge to show leniency in sentencing Carl Rinsch, the director convicted of defrauding Netflix of $11 million.The actor’s letter was included in a Tuesday night sentencing submission for Rinsch, who directed Reeves in the 2013 movie “47 Ronin.”Reeves wrote that Rinsch tends to “self-sabotage”…

Investing

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