Chinas Economy Grew at 53 in the First Quarter Beating Estimates with Help from Policies and Better Demand
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Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Baidu Posts Quarterly Beat, Helped by AI Pursuits
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - Business -
The right US-China policy prioritizes collaboration despite competition
Conflict and hostility currently dominate the China discourse.The Hill - Politics -
China's consumption and investment slowed in April, while industrial output beat expectations.
China’s consumption and investment slowed in April, while industrial output beat expectations.The Wall Street Journal - World - China -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Loperfido hits first MLB homer, Javier solid as Astros beat A's 8-1 to complete sweep
Rookie Joey Loperfido hit his first major league home run and Cristian Javier pitched six scoreless innings Thursday night to help the Houston Astros beat the Oakland Athletics 8-1 and complete a four-game sweepABC News - Sports - MLB -
Jason Heyward grateful to return as the Dodgers roll past the visiting Reds
Jason Heyward homered in his return from the injured list and pitcher James Paxton had a strong six innings, helping the Dodgers beat the Reds on Friday.Yahoo Sports - Sports - MLB -
3 Weird Tips to Get Better Outcomes From Your AI Chatbot
Don't just take the first answer. How to push your LLM to do better.Inc. - Business -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Map shows states where COVID is "likely growing"
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.CBS News - Top stories - Covid -
I got bitten by a feral cat and my hospital copay wiped out my savings. I’m 50, single, with no kids. Should I cash out my $12,000 life-insurance policy?
“I was thinking about cashing it out, and using the money to max out a SEP or Roth IRA for the year. Can I max out both? Or only one.”MarketWatch - Business -
Microsoft offers staff to relocate from China
Offer comes as tensions rise between Washington and Beijing over sensitive technologyFinancial Times - Business - Microsoft -
China must learn from Japan’s ‘lost decades’
The consequences of the world’s second-largest economy being sucked into a deflationary spiral would be severeFinancial Times - World - China -
Missouri AG demands documents from K.C. mayor after X account post about Chiefs kicker Harrison Butker
The attorney general of Missouri is demanding information about the circumstances of a post shared on the X social media platform by the official city of Kansas City account that stated Chiefs kicker Harrison Butker's city of residence.NBC News - Top stories - NFL -
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline's outlook for the end of the year weighed on its shares.
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline’s outlook for the end of the year weighed on its shares.The Wall Street Journal - World -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Scholz says budget consultations 'on track' after lower tax estimate
Yahoo News - World -
Your cash has an estimated lifespan: Will you need to replace it?
Spoiler alert: On average, our money doesn't last longer than 30 years.The Hill - Politics -
Activists sue Russia over ‘weak’ climate policy
Russian constitutional court is considering claim, which activists hope will raise awareness about emissions. A group of activists are fighting for the right to scrutinise Russia’s climate policies, and in particular its enormous methane ...The Guardian - World - Climate -
Trade policy is the new front in the US presidential election
Also in today’s newsletter, how Ray Dalio is thinking about the electionFinancial Times - World -
Stocks Mixed After 40000 Milestone
Stocks were mixed after major U.S. markets pulled back from their record highs on Thursday.The Wall Street Journal - World - Stock Market -
With its critical mineral strategy, Australia seeks to break free from China
Yahoo News - World - Australia -
5 Takeaways From the First Week of Robert Menendez’s Corruption Trial
A lawyer for the New Jersey senator pinned much of the blame on his wife. A government official explained halal meat certification.The New York Times - Top stories -
Natural Gas Futures Rise With Some Help From Texas Storm
Natural gas futures rose 5% on a storm in Texas and as U.S. inventories shrink ahead of higher cooling demand.The Wall Street Journal - World -
Clinical England complete T20 series win over Pakistan
Follow text and radio commentary from the second T20 between England and Pakistan at the County Ground in Northampton.BBC News - Top stories - Pakistan -
CCTV appears to show Diddy beating girlfriend in hotel
The clip seems to show an attack described in Casandra Ventura's lawsuit against the rapper last year.BBC News - Top stories -
Phoenix is beating the rest of the country on inflation — on paper anyway
Phoenix is closer to winning the war on inflation than most other cities.NBC News - Top stories -
Verstappen beats McLarens to take Imola pole
Red Bull’s Max Verstappen beats McLaren’s Oscar Piastri and Lando Norris in a tight battle for pole position at the Emilia Romagna Grand Prix.BBC News - Top stories -
Russia and Ukraine: two economies at war
Government reshuffle underlines Putin’s militarisation effort as Kyiv fights on with western supportFinancial Times - World - Ukraine -
Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies
The investigation, which could eventually lead to a fine, will look into the platforms’ use of algorithms that officials said may stimulate addictive behavior in children.The Wall Street Journal - Tech - European Union -
Republicans Force Democrats to Take Sides on Biden's Israel Policy
House Republicans passed a bill Thursday that would force the U.S. government to resume paused weapons shipments to Israel.The Wall Street Journal - World -
Wanted: Japanese firms’ policy advice on AI, trade and crypto
Legal expertise based on experience in government and industry is in demand to help shape regulationFinancial Times - World - Japan -
California district to pay $360K to teacher fired for not following transgender policies
A California school district settled a 2023 lawsuit from a former teacher who refused to adhere to the district’s gender identity-related policies.NBC News - Top stories - California -
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United StatesABC News - Tech - China -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
Economy Losing Steam as Labor Market Tightens
Weekly jobless claim numbers decline as the impact of higher interest rates starts to hit key business sectors like homebuilding and manufacturing.Inc. - Business -
Under Israeli Bombs, a Wartime Economy Emerges in Gaza
Amid the destruction, a marketplace of survival has arisen focused on the basics: food, shelter and money.The New York Times - World - Israel