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The European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year. The ECB lowered its record-high deposit rate by 25 basis points to 3.75%, joining the central banks of Canada, Sweden and Switzerland in starting to unwind some of the steepest rate hikes used to tame a post-pandemic inflation surge.
WASHINGTON — The Supreme Court sided with Native American tribes Thursday in a dispute with the federal government over the cost of health care when tribes run programs in their own communities.As economic indicators continue to signal a softening in the labor market, investors eagerly anticipate the possibility of a rate cut on the horizon. Principal Asset Management Chief Global Strategist Seema Shah joins the Morning Brief to discuss her outlook on this issue.
SpaceX’s mega Starship rocket completed its first full test flight Thursday, returning to Earth without exploding after blasting off from Texas.VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in May fell 19.9 per cent from the previous year as more new properties continued to hit the market.The Minnesota Vikings revealed their all-white "Winter Warrior" uniforms that the team will wear for Week 15's matchup with the Chicago Bears.