Alcoa Fourth Quarter Revenue Declines 20 on Lower Aluminum Prices
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Biden administration plans to reclassify marijuana as lower-risk drug
Drug Enforcement Administration seeking to downgrade cannabis from top category to Schedule III, but still short of legalization. The US Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated ...The Guardian - World - Joe Biden -
Argentina president’s scaled-down economic package wins approval in lower house
Argentina President Javier Milei’s scaled-back package of reform measures designed to turn around an economy with the highest rate of inflation in the world won approval from in the lower-house of congress.MarketWatch - Business -
Milei Reforms Head to Argentina Senate as Lower House Signs Off
Yahoo News - World -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Treasury yields end at lowest levels in at least a week after Fed’s Powell sees unlikely chance of a rate hike
Yields on U.S. government debt finished at their lowest levels in a week or more on Wednesday, after Federal Reserve Chair Jerome Powell delivered comments seen as more dovish comments than what was implied by the central bank’s own policy statement.MarketWatch - Business -
Bowl leaders hope for CBA to help lower opt-outs
Some bowl leaders are hoping for a collective bargaining agreement with the players that would help significantly lower the number of postseason opt-outs.ESPN - Sports - NFL -
BioRaptor and Aleph Farms use AI to lower the costs of cultivated beef
Aleph Farms and BioRaptor have teamed up to use AI to improve the tech and lower the costs for creating cultivated beef.VentureBeat - Tech -
Pinterest Stock Jumps on Higher Revenue, Narrower Loss
Pinterest shares jumped after the social-media platform reported higher quarterly revenue and a narrower loss.The Wall Street Journal - World -
Pinterest Records Higher Revenue, Narrower Loss
The social-media platform surpassed half a billion monthly active users and reporting 23% revenue growth, its fastest user and revenue growth since 2021. Shares rose 16% premarket.The Wall Street Journal - World -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Where we're headed: Revenue sharing with college athletes
What does a settlement of the House v. NCAA case entail? And what does it mean for your school? Unpacking a complicated, and fluid, situation.Yahoo Sports - Sports -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
Here's why we're not sweating Amazon’s light second-quarter guidance
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
Hugo Boss Keeps Outlook After Strong First Quarter
Hugo Boss reported profit and revenue growth in the first quarter, helped by brand investment and efficiency gains, and confirmed its full-year targets.The Wall Street Journal - World -
Shell fends off calls to return cash to shareholders after beating forecasts
Europe’s largest oil and gas company increases production and maintains share buybacks at $3.5bnFinancial Times - Business -
Shell fends off calls to return cash to shareholders after beating forecasts
Europe’s largest oil and gas company increases production and maintains share buybacks at $3.5bnFinancial Times - Business -
Hong Kong's Economy Slowed in First Quarter, But Beat Expectations
Hong Kong’s economy lost steam at the start of the year, as consumer and government spending weakened, but export strength helped growth beat consensus views that had tipped a much sharper slowdown.The Wall Street Journal - World - Hong Kong -
Hugo Boss Keeps Outlook After Strong First Quarter
Hugo Boss reported profit and revenue growth in the first quarter, helped by brand investment and efficiency gains, and confirmed its full-year targets.The Wall Street Journal - Business -
Jason Demetriou oversaw South Sydney’s steep decline. His sacking can start the reversal | Nick Tedeschi
No plan and poor communication sealed the coach’s fate, but under the right leadership the Rabbitohs can rise back up the ladder. While much goes into coaching at the NRL level, at the end of the day, all coaches are measured on their wins and ...The Guardian - World -
Dolphins owner Stephen Ross reportedly declined $10 billion for team, stadium and F1 race
The value of the Dolphins and Formula One racing is enormous.Yahoo Sports - Sports -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
German-Polish border towns celebrate EU's eastward shift 20 years ago
Yahoo News - World -
Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%
Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.MarketWatch - Business -
A highway collapse in China kills 36 people and sends more than 20 cars down a steep slope
A section of a highway collapsed after heavy rains in a mountainous area in southern China, sending cars tumbling down a slope and leaving at least 36 people deadABC News - World - China -
Shares of Nio soar more than 20% as EV deliveries more than double in April
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.CNBC - Business -
Cambodia's Defense Ministry says explosion at military base that killed 20 soldiers was an accident
Cambodia's Defense Ministry says a huge explosion at a military base in the southwest that killed 20 soldiers and injured many others was an accident caused by a “technical issue” from the old and degraded ammunition that was being movedABC News - World -
Walker Buehler to rejoin Dodgers rotation Monday after Tommy John rehab, first major-league start in 20 months
Buehler was delayed by several setbacks after his August 2022 surgeryCBS Sports - Sports -
The Price We Pay for Having Upper-Class Legislators
What explains the almost total absence of working-class people from elected positions in state government?The New York Times - Top stories -
Home prices reach record highs again in February
Home prices in February increased by 6.4 percent year-over-year, according to the S&P CoreLogic Case-Shiller national home price index, released Tuesday. In January, home prices jumped by 6 percent year over year, according to the index, the ...The Hill - Politics -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Yousaf says he 'paid price' for upsetting Greens
But the outgoing first minister insists he was right to tear up the government's power-sharing agreement.BBC News - Top stories -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.CNBC - Business -
AMD reports strong Q1 data center revenue offset by weak gaming
Advanced Micro Devices reported strong data center revenue that grew 80% in the first quarter ended March 31, but gaming revenue fell 48%.VentureBeat - Tech -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.The New York Times - Business -
Norwegian Cruise’s stock falls after revenue missed, despite record bookings
Norwegian Cruise’s stock slumped Wednesday, after the cruise operator beat first-quarter profit expectations and raised its full-year outlook amid continued record demand, but missed revenue expectations for the first time in seven quarters.MarketWatch - Business