At&t Shares Jump As Subscriber Growth Tops Analyst Expectations
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Puig Shares Jump on Debut
Shares of Jean Paul Gaultier owner Puig rose sharply above the listing price on their trading debut in Spain after the world’s biggest initial public offering so far this year.The Wall Street Journal - World -
How Marine Le Pen fell out with the German far right
Trip to tropical island brings Rassemblement National to brink of break-up with Alternative for GermanyFinancial Times - World - Germany -
Conservative Ben Houchen holds on as mayor in key Tees Valley race
Result provides glimmer of hope for Rishi Sunak in otherwise grim local election resultsFinancial Times - World -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
ICC chief prosecutor hits out at unnamed ‘threats’ against his work
Israeli officials had warned that the tribunal was considering issuing arrest warrants in relation to war in GazaFinancial Times - World -
US labour market undershoots forecasts with 175,000 new jobs
Non-farm payrolls figure for April indicates US economy is cooling and bolsters expectations for rate cuts this yearFinancial Times - World -
Flight Centre's Top Executive Sees Growth Without Major M&A
Flight Centre’s top executive says the Australia-based travel company is well-positioned to grow without more major deals, though smaller acquisitions are still possible in specialized areas.The Wall Street Journal - World -
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.CNBC - Business -
Hope Hicks called to testify; Trump has ‘absolute right’ to testify at hush-money trial, says judge – live
Donald Trump’s former communications director called to the witness stand; judge clarifies Trump can testify after ex-president falsely claims otherwise. Trump trial continues with judge dismissing claims that ex-president can’t testifyJudge Juan ...The Guardian - World - Donald Trump -
Amgen’s obesity drug puts stock on pace for best day since 2009 as analysts predict big gains to come
One analyst says Amgen’s stock is in the ”early innings of a large move,” fueled by an experimental obesity drug.MarketWatch - Business -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business -
Live Updates: U.S. Job Growth Slows
The economy added 175,000 jobs in April, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Jump in penalties for late filing of tax returns
A self-assessment return may be due even if there is nothing to payFinancial Times - World -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Yellen Calls Threats to Democracy Risks to U.S. Economic Growth
In a rare comment on politics--and an indirect swipe at former President Donald Trump--the Treasury Secretary says "democracy is critical to building and sustaining a strong economy."Inc. - Business -
Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
Hope Hicks takes the witness stand in Trump’s hush money trial: Live updates
Former President Trump’s ex-political adviser Hope Hicks has taken the witness stand in his hush money trial in Manhattan on Friday. Hicks, once a close confidant of Trump’s when he ran in 2016 and after he entered the White House, has testified ...The Hill - Politics -
Crime scene analyst says wife's hair holds clues in ex-detective's murder trial
Brian Fanion, a former police detective from Westfield, Massachusetts, was found guilty in the shooting death of his wife in their dining room. CBS News correspondent Nikki Battiste revisits the unusual 2018 murder case where a respected detective ...CBS News - Top stories -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Amgen ‘very encouraged’ by data from weight-loss-drug trial, as stock jumps
Shares of Amgen Inc. rallied in the extended session Thursday after the drug maker posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.MarketWatch - Business