Bloomberg: News

• Release of Water From Cameroon Dam Threatens Flood-Hit Nigeria

  Flooding in Nigeria that has claimed the lives of at least 269 people and displaced more than 500,000 others looks set to get even worse as neighboring Cameroon releases water from one of its main dams.

• Gold Drives Back Toward Record as Investors Embrace Fed’s Pivot

  Gold climbed toward a fresh record a day after the Federal Reserve kicked off an easing cycle with a 50-basis-point cut.

• China, EU Agree to Intensify Talks Days Ahead of EV Tariff Vote

  The European Union and China agreed Thursday to intensify discussions as the two sides seek ways to avert looming tariffs on electric cars ahead of a deadline that’s only days away.

• US Mortgage Rates Fall Further, Stoking Housing Optimism

  Mortgage rates continued their decline, hitting the lowest level since early February 2023.

• Big Banks Are Split on How Fast Fed Will Cut Interest Rates

  Wall Street’s biggest banks are divided over how fast and deep the Federal Reserve will cut interest rates over the next year, setting the stage for jittery financial markets until the outlook clears.