Boeing Posts Quarterly Loss As Labor and Supply Strains Overshadow Increase in Jet Demand
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Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.CNBC - Business -
Gilead’s quarterly loss is narrower than expected
Gilead Sciences Inc.’s stock dipped 0.2% in after-hours trading Thursday, after the drug company’s adjusted first-quarter profit was narrower than expected.MarketWatch - Business -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Airbus CFO says A350 plane production increase not tied to Boeing troubles
Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing.CNBC - Business -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
2024 NFL Draft: Sauce Gardner appears to post his Jets draft wish list, names five prospects
Gardner joked he would announce New York's first-round pick if it's one of these five playersCBS Sports - Sports - NFL -
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costsABC News - Top stories - Travel -
Airbus posts drop in earnings raising fears it may struggle to profit on Boeing’s woes
Airbus posted a 25% drop in earnings as higher costs eroded its margins, even as its sales increasedMarketWatch - Business -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines is one of Boeing's biggest customers and flies only 737s.CNBC - Business -
Affordable senior housing faces crisis-level demand and scarce supply: 26,000 applications for 84 units
“It’s one of the worst environments of housing availability.”MarketWatch - Business -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
MPs demand clarity on post-Brexit border checks on food imports from EU
High error rates risk automatically sending thousands of trucks for physical inspection, officials warnFinancial Times - World -
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.CNBC - Business -
Biden's NLRB bows down to Big Labor
NLRB Chair Lauren McFerran would do well to contemplate whether the board’s reputation as an impartial adjudicator is worth compromising on behalf of union special interests.The Hill - Politics - Joe Biden -
Giants place Snell on IL with left adductor strain, recall Roupp
The Giants placed Blake Snell on the IL due to a left adductor strain and recalled Landen Roupp from Triple-A.Yahoo Sports - Sports -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.MarketWatch - Business - Donald Trump -
Biden touts labor endorsements, but members worry about Trump's "cultish" support
President Biden finds familiar and active allies for his reelection bid with labor union endorsements.CBS News - Top stories - Joe Biden -
Biden touts labor endorsements, but members worry about Trump's "cultish" support
President Biden finds familiar and active allies for his reelection bid with labor union endorsements.CBS News - Politics - Joe Biden -
Wanted: A CEO to Fix Boeing
The plane maker, which is searching for a new chief executive, is likely to consider a small number of people, including several former Boeing executives.The New York Times - Top stories -
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 -
Blake Snell injury: Giants pitcher scratched three hours before start, lands on IL with left adductor strain
Ryan Walker will start a bullpen game instead WednesdayCBS Sports - Sports -
Veteran Salute: Transporting every type of supply in Vietnam
Yahoo News - World -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
Alphabet set to surge 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 -
Hunt defends job cuts to increase defence spending
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.BBC News - Top stories -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World -
People 'at increased risk of harm' following budget
Robin Swann said the funding would restrict the health department in "use of drugs and therapies".BBC News - Top stories -
Trial over jet fuel contamination in Hawaii's water set to begin
More than two years after jet fuel leaked into the system supplying water to almost 93,000 people in Hawaii, families impacted are taking the U.S. government to trial.CBS News - Top stories -
Croatian officials welcome the arrival of Rafale fighter jets purchased from France
Yahoo News - World -
Croatian officials welcome the arrival of Rafale fighter jets purchased from France
The first six of 12 Rafale multipurpose fighter jets purchased by Croatia from France have landed at an air force base near Zagreb with a welcome ceremony attended by top officialsABC News - World -
Broncos, Jets, Lions and Texans have new uniforms. Let's rank them
Which new uniforms are winners this season?Yahoo Sports - Sports - NFL -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - World -
NASA astronauts arrive for Boeing's first human spaceflight
The two NASA astronauts assigned to Boeing's first human spaceflight have arrived in Florida for their May launchABC News - Tech - NASA -
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 -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - Business -
Ukraine used secretly supplied US missiles to hit Russian targets
The U.S. has already provided long-range Army Tactical Missile Systems (ATACMS) to Ukraine, according to a Pentagon spokesperson. President Biden in February directed officials to supply the longer-range versions of the ATACMS, which have been ...The Hill - Politics - Ukraine -
Oil Edges Higher on U.S. Inventories Draw
Oil edged higher on positive demand signs after U.S. crude inventories fell for the first time in five weeks.The Wall Street Journal - World