Baltimore Port Crisis Worlds Largest Container Ship Company Msc Dumps Diverted Cargo Problem on Us Companies
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First cargo ship passes through new channel since Baltimore bridge collapse
A cargo ship passed through a new deep-water channel in Baltimore on Thursday, the first to cross the new channel since the Francis Scott Key Bridge collapsed last month, shutting down most traffic in the Port of Baltimore. The bulk carrier, Balsa ...The Hill - Politics -
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Oracle Corp. Chairman Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industryABC News - Tech -
Tesla’s Earnings Highlight the Company’s Biggest Problem. It’s a Cautionary Tale for Every Leader
Be careful making promises you might not be able to keep.Inc. - Business -
The cargo ship that became an iconic music venue
Bristol's iconic floating venue Thekla celebrates four decades of music, cabaret and more.BBC News - Top stories -
The Americas’ Fastest Growing Companies
The FT’s fifth annual ranking of the region’s businesses by revenue growth. Plus: outsourcers tap into remote work boom; Shopify targets more growth from bigger clients; Brazil’s alternative to electric vehicles; and Vertex Pharmaceutical’s ...Financial Times - World -
Why Some Smart Cruise Travelers Stay on the Ship During Port Days
It’s a dilemma at the heart of every cruise vacation: Brave the crowds on shore or take advantage of the lack of them on board? Here’s how to know when to stay and when to go.The Wall Street Journal - World -
Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US ban
Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US banABC News - Tech - Joe Biden -
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.The Wall Street Journal - World -
The National Enquirer’s Parent Company Struggles To Find A Buyer
The parent company of The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn’t been easy.The New York Times - Business -
Fifa announces deal with Saudi oil company Aramco
Fifa has announced a partnership with Saudi Arabia's state-owned oil company, Aramco.BBC News - Top stories -
The National Enquirer’s Parent Company Struggles To Find A Buyer
The parent company of The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn’t been easy.The New York Times - Top stories -
Boeing Crash Families Urge U.S. to Prosecute the Company
Financial losses continue to increase as some survivors of two 737 crashes say the company should face criminal fraud charges.Inc. - Business -
Centene’s earnings crush estimates and company raises guidance
Centene Corp.’s stock rose 3.4% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance.MarketWatch - Business -
Game company puts new spin on virtual tennis
First there was "Tennis for Two," then Atari's "Pong." Tennis has been a popular subject for video games for decades. Now, gaming company 2K Games is putting a unique spin on the classic game with "Topspin Tennis," which features real-life ...CBS News - Top stories -
After TikTok, ban these four other Chinese companies
The White House and Congress should ban four additional Chinese companies, and others like them.The Hill - Politics - Tiktok -
New deep-water channel allows first ship to pass Key bridge wreckage in Baltimore
The first cargo ship passed through a newly opened deep-water channel in Baltimore on Thursday after being stuck in the harbor since the Francis Scott Key Bridge collapsed four weeks ago.NBC News - Top stories -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
Altria’s earnings top estimates and tobacco company reaffirms full-year guidance
Altria Group Inc. matched profit estimates for the first quarter, while revenue net of excise taxes squeezed a small beat and the company backed its full-year guidance, reiterating its stance that there will be limited impact from enforcement ...MarketWatch - Business -
Foreign Aid Package Comes With New Sanctions Risks for Companies
Prosecutors will now have up to 10 years to investigate sanctions violations, and banks will be required to flag suspicious transactions that could be tied to fentanyl trafficking.The Wall Street Journal - World -
Boeing crash victims' families urge DOJ to criminally prosecute company
Families of victims in the 2019 Ethiopia crash met with prosecutors in Washington D.C. Wednesday.ABC News - Top stories -
Intel shares fall after company provides weak forecast for the current quarter
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.CNBC - Business -
Journalists critical of their own companies cause headaches for news organizations
Journalists see themselves as truth-tellers, and sometimes as contrariansABC News - Entertainment -
Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - Business - China -
Why South Africa is Anglo American’s ‘poison pill’
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the countryFinancial Times - Business -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Barclays accused of greenwashing over financing for Italian oil company
Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production. Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn ...The Guardian - World -
Colgate-Palmolive’s first-quarter earnings beat estimates and company raises guidance
Colgate-Palmolive Co.’s stock rose 2.9% early Friday, after the consumer goods giant beat first-quarter earnings estimates and raised its guidance.MarketWatch - Business -
Intel’s bad year worsens, with analyst decrying company as ‘profoundly broken’
Intel’s bad year is getting worse as the chip stock experiences another sharp slide in the wake of earnings.MarketWatch - Business -
Tech Spending Still Proves Thorny for Some Advertising Companies
A slower pace of business in the technology sector continued to weigh on some ad holding companies in the first quarter, but things might be looking up.The Wall Street Journal - World -
20 companies screened for quality in a cheap part of the stock market
Small-cap and midcap U.S. stocks are trading relatively low to historical price-to-earnings valuations, in contrast to the large-cap S&P 500.MarketWatch - Business -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
Baltimore teacher accused of using AI to create fake, racist recording of principal
Dazhon Darien arrested over fake recording of principal complaining about students and faculty members. A high school athletics director suspected of using artificial intelligence to create a fake, racist recording of a principal in Baltimore has ...The Guardian - World -
Chinese woman charged in UK with criminal possession of crypto
Yadi Zhang made initial appearance at Westminster Magistrates Court on WednesdayFinancial Times - Business - United Kingdom -
US secretly shipped long-range missiles to Ukraine
Biden had previously held back Atacms system out of fears of escalating war with RussiaFinancial Times - Business - Ukraine -
Middle East crisis live: Hamas ‘reviewing new Israeli ceasefire proposal’
Senior Hamas official Khalil al-Hayya said the Palestinian militant group was evaluating Israel’s proposal. See all our coverage of the Middle East crisisThree people have been killed in Israeli strikes on southern Lebanon on Saturday, including ...The Guardian - World - Israel -
A US-led effort to bring aid to Gaza by sea is moving forward. But big concerns remain
The construction of a new port in Gaza and a UABC News - World -
The EU will probe whether China is unfairly denying companies access to its medical devices market
The European Union says it will investigate whether China is using unfair methods to deprive companies in Europe of access to its market for medical devicesABC News - Health - China -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business