Five International Movies to Stream Now

This month’s picks include an Argentine heist thriller, a whimsical Palestinian romance, a German period drama and more.

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By Devika Girish

Let the Oven Work for You

Ali Slagle’s gnocchi with sweet and hot peppers is delightfully hands-off, cooking both sauce and pasta at the same time.

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By Emily Weinstein

Gold Futures Settle Higher As Dollar Drifts Lower

Gold prices climbed higher on Friday as the dollar drifted down, giving up some recent gains with traders trimming down some long positions, weighing the prospects of further interest rate hikes.

The dollar index, which climbed to 104.06 in the Asian session, dropped to a low of 103.19 before recovering to 103.50, cutting its loss to around 0.2%.

Gold futures for June ended higher by $7.10 or about 0.4% at $1,882.80 an ounce. Despite closing higher for the day, gold futures posted their 3rd straight weekly loss.

Silver futures for July ended down by $0.076 at $22.367 an ounce, while Copper futures for July settled at $4.2670 per pound, down $0.0245 from the previous close.

Data released by the Labor Department showed non-farm payroll employment surged by 428,000 jobs in April, matching the revised jump seen in March. Economists had expected employment to climb by 391,000 jobs compared to the addition of 431,000 jobs originally reported for the previous month.

Meanwhile, the Labor Department said the unemployment rate came in unchanged at 3.6% versus expectations the rate would edge down to 3.5%.

With the report showing continued strength in the labor market, economists predicted the Federal Reserve will continue with its plans to raise interest rates relatively sharply over the coming months.

The report also showed average hourly earnings rose by $0.10 or 0.3% to $31.85 in April. The annual rate of wage edged down to 5.5% in April from 5.6% in March.

European Economics Preview: Germany Retail Sales Data Due

Retail sales from Germany and economic confidence survey results from Euro area are due on Monday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany’s retail sales data for March. Sales are forecast to grow 0.3 percent on month, the same rate as seen in February.

At 3.00 am ET, unemployment from Austria and foreign trade and producer prices from Hungary are due.

At 3.15 am ET, Purchasing Managers’ survey results are due from Spain. Economists expect the index to fall to 54.0 in April from 54.2 in March.

Thereafter, final PMI survey results are due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, Euro area S&P Global final manufacturing PMI data is due. The final reading is seen at 55.3 in April, unchanged from the flash estimate.

Also, Italy’s Istat releases unemployment data. The jobless rate is forecast to fall to 8.4 percent in March from 8.5 percent in February.

At 5.00 am ET, Eurozone economic confidence survey results are due. The economic confidence is forecast to fall to 108.0 in April from 108.5 in March.

Bill Gates: Elon Musk 'could make Twitter worse'

(Reuters)Elon Musk and Twitter (TWTR) were sued on Friday by a Florida pension fund seeking to stop Musk from quickly completing his planned $44 billion takeover of the social media company.

In a complaint filed in Delaware Chancery Court, the Orlando Police Pension Fund said that under Delaware law Musk cannot complete the takeover until at least 2025 unless holders of two-thirds of shares not “owned” by him approved.

The lawsuit said Musk became an “interested stockholder” after taking a more than 9% Twitter stake, requiring the delay.

Musk also runs electric car company Tesla (TSLA) and is the world’s richest person, according to Forbes magazine.

Twitter and its board, including Chief Executive Parag Agrawal, are also defendants.

The lawsuit seeks to delay the merger’s closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs.
Twitter declined to comment. A lawyer for Musk did not immediately respond to a request for comment.

A Light and Fresh Menu That Meets the Moment

A tangy beet soup, rich wild salmon and an elegant cherry compote from David Tanis round out a bright meal made for May.

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By David Tanis

Job Growth Shows Continuing Vigor of U.S. Economy

The Labor Department reported a gain of 428,000 jobs in April, along with a 5.5 percent increase in average hourly earnings from a year earlier.

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Monthly change in jobs