Armada Hoffler Plans Private Bond Sales after Securing First Credit Rating
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The first scientist to publish a sequence of the COVID-19 virus in China protests after being locked out of his lab
The first scientist to publish a sequence of the COVID-19 virus in China protests after being locked out of his labABC News - World - China -
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 -
NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.CNBC - Business -
Timberwolves head coach Chris Finch plans to travel with team to Denver for Game 1 after knee surgery
Chris Finch underwent surgery to repair a ruptured patellar tendon in his right knee on Wednesday.Yahoo Sports - Sports -
Illinois governor's office says Bears' plan for stadium remains 'non-starter' after meeting
Illinois Gov_ J_B_ Pritzker’s office says the Chicago Bears' proposal to fund a new lakefront stadium remains a “non-starter."ABC News - Sports -
Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs
Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.MarketWatch - Business -
The case for addressing private equity prejudice
In today’s climate, public markets do not provide enough diversificationFinancial Times - World -
The case for addressing private equity prejudice
In today’s climate, public markets do not provide enough diversificationFinancial Times - Business -
U.S. Private Payrolls Beat Expectations in April
Data from the payroll company shows private sector employers added 192,000 jobs last month, more than in March and above economists' average estimates.Inc. - Business -
Stellantis Sales Fall Short of Expectations
Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes in North America as it prepares production for new models.The Wall Street Journal - Business -
Source: Majority control of Dolphins 'not for sale'
Majority control of the Dolphins is "not for sale," a source told ESPN, after USA Today reported that owner Stephen Ross turned down a $10 billion offer for control of the team, the F1 Miami Grand Prix and Hard Rock Stadium.ESPN - Sports - NFL -
‘Our prenup stirred up resentment’: My husband, 62, lives in my home. I pay for his credit card, car loan, vacations and groceries. Now he wants to pool our assets.
“He has $1.2 million invested. I have close to $5 million in investments.”MarketWatch - Business -
Private Equity and Traditional Insurers Spar Over Risk Rules
Over the past decade, insurance has become a cash cow for PE firms. The standoff over illiquid securities has become ‘a proxy for private equity’s entrance into the sector,’ says one observer.The Wall Street Journal - World -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
New York police storm Columbia and arrest pro-Palestinian protesters
Hundreds of officers in riot gear detain students who occupied campus building for nearly 24 hoursFinancial Times - Business - New York -
Antony Blinken tells Israel and Hamas that ‘time is now’ for a deal
Secretary of state says militant group must accept latest proposal but reiterates US opposition to Rafah offensiveFinancial Times - Business - Israel -
Smith & Nephew grants CEO 30% pay rise despite shareholder revolt
AGM vote sees 43% come out against a hike of $2.6mn for Deepak Nath if he hits targetsFinancial Times - Business -
FirstFT: Fed to leave rates higher for even longer
Also in today’s newsletter, latest on campus demonstrations and cruise operator Viking’s market debutFinancial Times - World - Federal Reserve -
Lenders flying blind on private equity risk, Bank of England warns
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiascoFinancial Times - Business -
Blackstone warns that private equity cannot return capital ‘overnight’
Industry sitting on record amounts of unsold assets that will take time to sell even as M&A market returns to lifeFinancial Times - Business -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
Protesters in Israel demand deal to secure hostages release
There were mass demonstrations in Israel as thousands of protesters blocked a highway in Tel Aviv, demanding a deal to secure the release of Israeli hostages in Gaza.CBS News - World - Israel -
Fed Prepares Slower Pace of Runoff for Treasury Securities
Fed Prepares Slower Pace of Runoff for Treasury SecuritiesThe Wall Street Journal - World - Federal Reserve -
McDonald's Boosts Promos as Boycotts Hit Global Sales
On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.Inc. - Business -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
Hot Property: five homes for sale in the Midi-Pyrénées
From a Gascon château with a pigeonnier and orangery to a rustic, renovated house with a libraryFinancial Times - World -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
The lesson of Biden’s transformational first term
Eloquence and charisma are vastly overrated in politicsFinancial Times - Business - Joe Biden -
BYD's First-Quarter Story Is in The Margins
BYD, the world’s largest electric-vehicle maker, paid a price for aggressively cutting prices on its cars, grinding revenue growth to a four-year low in the first quarter. But the bigger story is in its margins.The Wall Street Journal - World -
BYD's First-Quarter Story Is in The Margins
BYD, the world’s largest electric-vehicle maker, paid a price for aggressively cutting prices on its cars, grinding revenue growth to a four-year low in the first quarter. But the bigger story is in its margins.The Wall Street Journal - Business -
U.S. productivity slumps in first quarter
Productivity had been a bright spot for the economy over the past year and today’s data dims the outlook.MarketWatch - Business -
Big oil privately acknowledged efforts to downplay climate crisis, joint committee investigation finds
Internal documents revealed by committee show companies lobbied against climate laws they publicly claimed to support. Big oil has privately acknowledged its efforts to downplay the dangers of burning fossil fuels, US Democrats have found.. Major ...The Guardian - World - Climate -
Walmart launched its bettergoodspremium foods private label,aiming to attract new shoppers andprompt customers to spend more.
Walmart launched its bettergoods premium foods private label, aiming to attract new shoppers and prompt customers to spend more.The Wall Street Journal - World -
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.CNBC - Business -
ADP says 192,000 private-sector jobs created in April. Labor market not cooling off much.
U.S. businesses created 192,000 new jobs in April, paycheck company ADP said, and more industries hired people last month in a sign of ongoing labor-market strength.MarketWatch - Business