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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
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Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.MarketWatch - Business -
Goldman Sachs names new Japan chief after abrupt exit of former president
Promotion of Hong Kong based insider Hidehiro Imatsu follows months-long leadership vacuumFinancial Times - Business -
Goldman Sachs names new Japan chief after abrupt exit of former president
Promotion of Hong Kong based insider Hidehiro Imatsu follows months-long leadership vacuumFinancial Times - World -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Tech -
FirstFT: Profits and tax payments jump at European banks still in Russia
Also in today’s newsletter, German flash CPI today and 11 countries to breach EU deficit rulesFinancial Times - World - Russia -
FirstFT: Elon Musk’s Tesla teams up with China’s Baidu
Also in today’s newsletter, US commander warns of China’s ‘boiling frog’ strategy in the Pacific and hopes rise for Gaza hostage releaseFinancial Times - World - China -
FirstFT: Profits and tax payments jump at European banks still in Russia
Also in today’s newsletter, German flash CPI today and 11 countries to breach EU deficit rulesFinancial Times - World - Russia -
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Tech -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World
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Elon Musk Reaches Deals in China on Self-Driving Teslas
Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.The New York Times - Business - China -
Skydance Offers Paramount a Merger Sweetener: A $3 Billion Cash Infusion
The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.The New York Times - Business -
A.I. Start-Ups Face a Rough Financial Reality Check
The table stakes for small companies to compete with the likes of Microsoft and Google are in the billions of dollars. And even that may not be enough.The New York Times - Business -
How Supplement Stores Are Trying to Tap Into the Ozempic Boom
GNC and the Vitamin Shoppe are redesigning displays and taking other steps to appeal to people who are taking or are interested in drugs like Ozempic and Wegovy.The New York Times - Business -
Friends From the Old Neighborhood Turn Rivals in Big Tech’s A.I. Race
Demis Hassabis and Mustafa Suleyman, who both grew up in London, feared a corporate rush to build artificial intelligence. Now they’re driving that competition at Google and Microsoft.The New York Times - Business