Banking Wells Fargo Hit with $98 Million Fine for Providing Trade Tech That Skirted Economic Sanctions
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Hamas releases video showing well-known Israeli-American hostage
Hamas has released a hostage video showing a well-known Israeli-American who was among scores of people abducted by the militants in the attack that ignited the war in GazaABC News - World - Israel -
The ambitions of China’s BYD stretch well beyond electric vehicles
The company’s global plans range from solar modules and electric buses, trucks and trains to complex transport systems. But is it trying to do too much?Financial Times - Business - China -
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
GDP and the Dow Are Up. But What About American Well-Being?
The standard ways of measuring economic growth don’t capture what life is like for real people. A new metric offers a better alternative, especially for seeing disparities across the country.The Wall Street Journal - World -
Manchester City’s well-oiled winning machine shows no sign of exhaustion
Pep Guardiola’s complaints about his team’s tiredness were hard to believe as they strolled to victory against Brighton. It had been tempting to wonder if some kind of elaborate gag was taking place when the Brighton fan and noted stamina ...The Guardian - World -
CVC shares jump in trading debut after long-awaited IPO
Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetiteFinancial Times - Business -
Saudi Arabia's Sci-Fi Megacity in the Desert Isn't Going Well
Yahoo News - World -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Stocks, Bonds Tumble After Economic Data Release
Slowing growth, stubborn inflation drive a broad-based decline in shares.The Wall Street Journal - World -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Politics -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Top stories -
2024 Porsche Macan: A Big Step in EV Tech
The all-electric successor to the Macan compact SUV, the most popular model in Porsche’s lineup, is built on an upgraded EV platform—and now feistier than ever.The Wall Street Journal - World -
Tech, Media & Telecom Roundup: Market Talk
Find insights on Bumble, L3Harris, Pearson, and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
Tech, Media & Telecom Roundup: Market Talk
China Telecom, Bilibili and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
Clean-Tech Fund Bets on Growing Demand for Batteries
Volta Energy Technologies raises $131 million in latest funding round, seeking to invest in ways to make energy storage cheaper as well as greener for consumers.The Wall Street Journal - World -
Investors to Big Tech: Mind Your Pocketbook
Microsoft, Alphabet, Meta and Tesla have a combined $275 billion cash pile.The Wall Street Journal - World -
Russia fines actress who hosted 'almost naked' party over her calls for peace
A Moscow court on Thursday imposed a 50,000-ruble ($560) fine on a TV presenter and actress who gained notoriety for hosting an “almost naked” party, saying her social media posts calling for peace discredited the military.NBC News - Top stories - Russia -
Gov. Gavin Newsom wants to let Arizona doctors provide abortions in California
California Gov. Gavin Newsom and state lawmakers have announced legislation aimed at helping Arizonans access abortions after the Arizona Supreme Court allowed a near total-ban to move forwardABC News - Health - California -
Ukraine Using Secretly Provided Longer-Range Missiles Against Russian Forces
President Biden signed a law that includes money for more of those weapons, U.S. officials said.The Wall Street Journal - World - Ukraine -
Net neutrality restored as FCC votes to regulate internet providers
The Federal Trade Commission has voted to restore rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher ...ABC News - Tech -
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 -
EU Commission to provide another €68m in aid for Palestinians in Gaza
Yahoo News - World -
US to provide Patriot missiles to Ukraine as part of fresh $6bn aid package
US defence secretary announces aid as Zelenskiy pleads with west for more Patriot systems to defend Ukrainian cities. The US will provide Ukraine with additional Patriot missiles for its air defence systems as part of a massive $6bn additional aid ...The Guardian - World - Ukraine -
The federal government is abusing its power to target private-sector education providers
Efforts by the federal government to target private-sector opponents have seemed to follow a clear patternThe Hill - Politics -
Net neutrality restored as FCC votes to regulate internet providers
The Federal Trade Commission has voted to restore rules to prevent broadband internet providers such as Comcast and AT&T from favoring some sites and apps over others — for instance, by slowing or blocking certain content or by offering higher ...ABC News - Tech -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.MarketWatch - Business -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Top stories -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Politics -
Comex Gold, Silver Settle Higher
Gold settled 0.2% higher, snapping a three-session losing streak, and silver rose nearly 0.1%, up two of the past three sessions.The Wall Street Journal - World -
Biden promise to rival China on shipbuilding faces a big economic problem
President Biden wants to bring shipbuilding back to the U.S. in economic rivalry with China and to boost domestic steel. Economic reality isn't on his side.CNBC - Business - Joe Biden -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
Oil prices pull back as U.S. economic growth disappoints
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.CNBC - Business -
Harris to highlight economic opportunities for Black Americans in multistate tour
Vice President Harris will kick off a multistate tour on Monday touting economic opportunities for Black Americans in an effort to mobilize the critical voting base for Democrats ahead of November's election. The Economic Opportunity Tour will ...The Hill - Politics -
U.S. economic growth slower than expected in 2024's first quarter
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why ...CBS News - Top stories -
Confounding U.S. Economic, Inflation Data Muddy Fed's Rate Path
Inflation isn't dropping, productivity is high and unemployment is low, making a rate cut less likely in the near term.Inc. - Business - Federal Reserve -
World Economic Forum leader sees some movement in Gaza hostage talks
Yahoo News - World -
China factory profits slip as overcapacity troubles economic recovery
US and EU have raised alarms about Beijing’s plans to use manufacturing to boost lagging growthFinancial Times - Business - China -
China factory profits slip as overcapacity troubles economic recovery
US and EU have raised alarms about Beijing’s plans to use manufacturing to boost lagging growthFinancial Times - World - China