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Bitcoin price briefly drops below $60,000 before rebounding ahead of halving
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Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.CNBC - Business -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World -
Apple Anticipates iPhone Sales Drop Before AI Gets Into New Models
Cupertino's slow rollout of AI-equipped phones and Huawei's China sales surge add up to predictions of underperformance ahead of Thursday's earnings report.Inc. - Business - Apple -
Oil Market Balance Expected to Improve Through 2024, Morningstar DBRS Says
Global oil supply is expected to catch up with demand in the coming months, according to Morningstar DBRS.The Wall Street Journal - World -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Oil prices struggle for direction on rise in U.S. supplies, Middle East cease-fire talks
Oil futures saw mixed trading Thursday, with U.S. and global benchmark prices struggling for direction but on track to post notable prices losses for the week.MarketWatch - Business -
US cattle prices drop as traders fear bird flu outbreak could knock demand
Agriculture department has banned infected cattle from crossing state bordersFinancial Times - Business -
US cattle prices drop as traders fear bird flu outbreak could knock demand
Agriculture department has banned infected cattle from crossing state bordersFinancial Times - World -
Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then
Bored Ape Yacht Club NFT collection once touted by celebrities like Justin Bieber has seen its floor price decline by around 90% since its peak in 2022.CNBC - Business
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Apple's China sales in focus ahead of earnings
Investor expectations are low and Apple could surpass them even if sales growth is weak.CNBC - Business - China -
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.CNBC - Business -
Trump Media pushes House to probe 8 firms over short-selling of DJT shares
Donald Trump is the majority shareholder in Trump Media and the best-known user of its Truth Social app. When DJT shares fall, his net worth can take a bit hit.CNBC - Business - Donald Trump -
ISS says unions and pension funds should back Norfolk Southern activist investor
ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, Institutional Shareholder Services said on Thursday.CNBC - Business -
Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
Google is laying off more employees and hiring for their roles outside of the U.S.CNBC - Business - Google