Banks Brace for More Consumers to Fall Behind on Their Loans
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The Tricky Logistics Behind Direct-to-Consumer Strategies
Suppliers stepping up efforts to reach shoppers are having to mount costly new supply chains built to the task.The Wall Street Journal - World -
Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
Continent’s drugmakers need to pay up to attract and retain talent, says Pascal SoriotFinancial Times - Business - China -
Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
Continent’s drugmakers need to pay up to attract and retain talent, says Pascal SoriotFinancial Times - Business - China -
Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results
Alphabet's revenue jumped 15% in the first quarter and profit in the company's cloud business more than quadrupled.CNBC - Business -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
As more borrowers qualify for student loan forgiveness, incoming college freshmen are set to rack up $37,000 in new debt, report finds
Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.CNBC - Business -
Taiwan’s trade tsar seeks new deals and braces for possible Trump win
John Deng targets India ‘opportunity’ after breakthroughs with US, UK and CanadaFinancial Times - World - Donald Trump -
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Jamie Dimon is skeptical of a soft landing. "Don't get lulled into a false sense of security." The JPMorgan CEO sits down with our editor in chief.The Wall Street Journal - World -
U.K. Consumer Confidence Ticks Higher
Research group GfK’s consumer confidence barometer climbed to minus 19 in April from minus 21 in March, marking the first uptick in sentiment since January.The Wall Street Journal - World - United Kingdom -
The Caitlin Clark Effect and the Uncomfortable Truth Behind It
It’s foolish to act as if basketball is the only thing fueling it, a columnist for The Athletic writes.The New York Times - Sports -
Colorado Bill Aims to Protect Consumer Brain Data
In a first, a Colorado law extends privacy rights to the neural data increasingly coveted by technology companies.The New York Times - Science -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - 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 -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Why you should get a home equity loan before May
If you're thinking about getting a home equity loan, you may want to do so before May. Here's why.CBS News - Top stories -
Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
Unilever, Nestle slow price rises but the struggle for consumers remains
Both Nestle’s and Unilever updated investors on Thursday, with markets closely eyeing how the companies are handling the start of pulling back on price hikes.MarketWatch - Business -
U.K. consumers get a spring back in their step as confidence mounts
Consumer confidence ticked a little higher in the U.K. this month, suggesting Britons are feeling more well-off as real incomes rise.MarketWatch - Business -
Italy bans loans of works to the Minneapolis Institute of Art in a dispute over an ancient statue
Italy’s Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century agoABC News - World -
Italy bans loans of works to the Minneapolis Institute of Art in a dispute over an ancient statue
Italy’s Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century agoABC News - Entertainment -
Italy bans loans of works to Minneapolis museum in a dispute over ancient marble statue
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.CBS News - Top stories -
A key deadline for student loan forgiveness consolidation is just days away. Here's what to know
Borrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline.CNBC - Business -
Italy bans loans of works to Minneapolis museum in a dispute over ancient marble statue
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.CBS News - World -
2024 NFL Draft: Why the secret behind MAC's historical success can work in transfer portal era
Producing first-round picks is nothing new for the MAC, but doing it in the transfer portal era is more difficultCBS Sports - Sports -
Amy Duggar King hopes cousin Josh Duggar is feeling 'torture' while behind bars
Amy Duggar King of '19 Kids & Counting' and 'Counting On' fame weighs in with her hope that convicted cousin Josh Duggar gets an even longer term in prison.Los Angeles Times - Entertainment -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
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 -
Nikkei Flat Ahead of BOJ Policy Decision
The Nikkei Stock Average was flat amid caution ahead of the Bank of Japan’s policy decision later in the day.The Wall Street Journal - World -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW
A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.MarketWatch - Business