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Karol Nawrocki Wins Poland Election, Ukraine Drone Attack on Russia

Karol Nawrocki Wins Poland Election, Ukraine Drone Attack on Russia

Bloomberg2 days ago

Karol Nawrocki, a conservative historian and former boxer with no previous political experience won Poland's presidential election defeating Rafal Trzaskowski in a blow to the country's pro-European Union government, winnig 50.9%, while Trzaskowski took 49.1%, according to the results released by the electoral commission early on Monday. Ukraine staged a dramatic series of strikes across Russia, deploying drones hidden in trucks deep inside the country to hit strategic airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest drone and missile attacks against Kyiv, escalating tensions ahead of crucial peace talks this week. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta and Lizzy Burden. (Source: Bloomberg)

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Doritos and Skittles could carry ‘not recommended for human consumption' warning labels in certain parts of the US
Doritos and Skittles could carry ‘not recommended for human consumption' warning labels in certain parts of the US

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Doritos and Skittles could carry ‘not recommended for human consumption' warning labels in certain parts of the US

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U.S. Job Growth Crashes--Is a Fed Rate Cut Now Inevitable?
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U.S. Job Growth Crashes--Is a Fed Rate Cut Now Inevitable?

Private-sector hiring just hit a wall. In May, U.S. companies added only 37,000 jobsthe slowest pace in over two yearsaccording to fresh data from ADP (NASDAQ:ADP). That's not a typo. It came in below every economist's estimate in a Bloomberg survey. Business services, manufacturing, trade, education, and even the Northeast region all saw job losses. Small and large companies alike trimmed payrolls. The only bright spots? Leisure, hospitality, and finance. Treasury yields slipped. The S&P 500 nudged higher. And in typical fashion, Donald Trump took to social media to demand that Fed Chair Jerome Powell cut ratesagain. The bigger story here might be what's not being said. Labor markets are softening, and it's starting to show up in hiring delays and longer unemployment spells. While the Fed has held rates steadywaiting for inflation to cool and tariffs to play outmarkets are watching closely. Especially as Europe has already cut rates seven times since June 2024, with another trim likely this week. In contrast, U.S. policymakers have stayed on the sidelines. But as business sentiment deteriorates and hiring stalls, that position could be harder to maintain. The pressure's mountingpolitically and economically. That said, wage growth hasn't rolled over yet. Workers switching jobs saw a 7% pay bump; those staying put got a 4.5% raise. But don't let that mask the caution. A University of Michigan survey showed a majority of consumers now expect business conditions to worsen over the next yearand unemployment to climb. Some economists, like Pantheon Macroeconomics, are brushing off the ADP numbers. They're betting on 110,000 new private payrolls in the government report due Friday. Still, with ADP tracking over 25 million jobs, even a soft signal is worth noting. Investors may want to brace for a bumpy ride as macro uncertainty drags on longer than expected. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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