China S Producer Prices Plunge the Most in Seven Years As Deflation Hangs over Economy
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Crew of migrant rescue boat acquitted in Italy after seven-year ordeal
Case of the Iuventa became a symbol of what activists say are growing attempts to criminalise refugee aid workers. Europe live – latest updatesJudges in Sicily have acquitted all crew members of an NGO rescue boat who had been accused of aiding ...The Guardian - World -
Nvidia’s stock plunge leads ‘Magnificent Seven’ to a record weekly market-cap loss
The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week, which made for the group’s worst-ever weekly loss of market value.MarketWatch - Business -
Subsidy race with US and China would harm Europe’s ailing economy, IMF warns
Fund urges EU to avoid ‘protectionist’ policies and focus on cutting internal trade barriersFinancial Times - World - China -
China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
A Russian physicist who worked to develop Moscow's hypersonic weapons capabilities was convicted of treason and sentenced to seven years in prison.
A Russian physicist who worked to develop Moscow’s hypersonic weapons capabilities was convicted of treason and sentenced to seven years in prison.The Wall Street Journal - World -
UK car insurance prices fall for first time in two years
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year agoFinancial Times - Business - United Kingdom -
London house prices underperformed rest of UK for past 8 years
High costs, post-Covid trends and rising mortgage rates suppressed demandFinancial Times - Business - United Kingdom -
U.S. measles cases reach 125 this year, topping 2022's large outbreaks
The CDC estimates the U.S. could reach 300 measles cases in 2024 — more than the recent peak two years ago.CBS News - Top stories -
Apple’s removal of WhatsApp in China reopens debate over user freedom
The removal of WhatsApp and Threads from Apple's China App Store puts this revenue stream at risk, as it may signal further restrictions on Meta's ability to capture advertising dollars from Chinese companies looking to expand globally.VentureBeat - Tech - China -
Driver dead after vehicle plunges over 200-foot cliff along Highway 1 near Devil's Slide
A driver died after his vehicle plunged over a cliff along Highway 1 on the San Francisco Peninsula coast between Pacifica and Half Moon Bay Thursday.CBS News - Top stories -
Rescuers deflate football-sized swollen hedgehog
Creature with balloon syndrome spotted from passing bus in Gloucestershire is in charity’s care and has been named Bounce. A hedgehog that had swollen to the size of a football – so big that it was spotted in a field by a passenger on a passing ...The Guardian - World -
Is the global economy stumbling into ‘the tepid Twenties’?
Growth is picking up in the short term, but fears are mounting of a stagnant decade, with bleak political consequencesFinancial Times - Business -
Environmental Damage Could Cost You a Fifth of Your Income Over the Next 25 Years
The world is already committed to warming that will undercut the global economy by 20 percent between now and 2050. That’s six times the price of limiting warming to 2 degrees Celsius.Wired - Tech -
FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes
FedEx has pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletesABC News - Sports -
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel's strike against Iran before retreating, closing up 0.2%.
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel’s strike against Iran before retreating, closing up ...The Wall Street Journal - World -
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.The Wall Street Journal - World -
7 places to retire for people who love cruises
If you plan to cruise a lot in retirement, being within driving distance of a major port can open up the world to you.MarketWatch - Business -
Children among seven dead in Russia strike on Ukraine
Russia hits cities in central Ukraine, as Kyiv claims to have downed a strategic Russian warplane.BBC News - Top stories - Ukraine -
'Picnic at Hanging Rock': A Mystery's Arresting Ambiguity
Peter Weir’s 1975 film refuses to furnish easy answers in its story of Australian schoolgirls who go missing during an outing to a forbidding geologic formation.The Wall Street Journal - World -
Where to Hang Out in the Swiss Watch World
After hours, employees of some of the best-known brands in the Vallée de Joux gather at local bars and restaurants, where everyone feels like family.The New York Times - Lifestyle -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World -
GOP lawmaker blames 'Gaetz and 7 useful idiots' for House turmoil
Rep. Mike Lawler (R-N.Y.) blamed Rep. Matt Gaetz (R-Fla.) and “seven useful idiots” for turmoil in the House, saying Thursday their success in ousting former Speaker Kevin McCarthy (R-Calif.) last fall is a direct cause of today's problems for ...The Hill - Politics -
Coachella 2024: 15 Looks That Did the Most
The music festival had plenty of memorable fashion. Most (but not all) of it was ostentatious.The New York Times - Lifestyle -
Johnson releases text on foreign aid plan as it hangs by thread
Politico - Politics -
Gold prices are high: How to find the best gold prices right now
With gold prices teetering on the edge of $2,400, here's how you can find the best price available now.CBS News - Top stories -
What is bitcoin halving – and will it affect the price?
Process has coincided with a rise in price in the past and is due to take place again on Saturday. Satoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.. This week ...The Guardian - World - Crypto -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
R.F.K. Jr.’s Environmental Colleagues Urge Him to Drop Presidential Bid
Nearly 50 leaders and activists who worked with Mr. Kennedy at an environmental nonprofit group will run ads calling on him to “Honor our planet, drop out.”The New York Times - Top stories -
Murphy fires back at Trump Jr. on Mayorkas vote: 'Republicans are full of s‑‑‑'
Sen. Chris Murphy (D-Conn.) fired back at Donald Trump Jr. on Friday for calling out three Senate Democrats who voted to end the impeachment case against Homeland Security Secretary Alejandro Mayorkas. “Your Friday morning reminder that ...The Hill - Politics - Donald Trump -
China’s Export Dominance: What to Know
From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.The New York Times - Business - China -
Most UK dairy farms ignoring pollution rules as manure spews into rivers
Exclusive: 80% of Welsh dairy farms inspected, 69% of English ones, 60% in Scotland and 50% in Northern Ireland breaching regulations. The majority of UK dairy farms are breaking pollution rules, with vast amounts of cow manure being spilled into ...The Guardian - World - United Kingdom -
Swift breaks Spotify records for most-streamed album, artist in a single day
Taylor Swift broke her own records, Spotify said, and now owns the record for the top three most-streamed albums in a single day.CBS News - Top stories -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan -
Oil prices post weekly loss as market sees limited risk of wider war after Israel strike on Iran
Oil prices briefly jumped more than 3% after reports of explosions near the Iranian city of Isfahan.CNBC - Business - Iran -
They Bet Against the Dollar. Now They're Paying the Price.
The dollar recently hit a 34-year high against the yen, sending ripples through global markets.The Wall Street Journal - World -
Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.The Wall Street Journal - World -
Shoppers shun department stores as prices rise
Higher prices put off shoppers as sales volumes overall stagnate in March.BBC News - Top stories -
BYD Yangwang U8 2024: Price, Specs, Availability
Meet the tank-turning, 4-ton Yangwang U8 from BYD. It’s the world’s most powerful SUV—and yes, it floats on water.Wired - Tech