China S Record $26tn Rise in Savings Fuels Revenge Spending Hopes
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UAW's Tennessee win fuels backers' hopes in the South, but some skeptics are unmoved
The labor fight heads next to a Mercedes plant in Alabama, where one worker said “people on the floor think we’re going to win" despite vocal opposition.NBC News - Top stories -
Stocks on Track for Weekly Gains as PCE Inflation Hits 2.7%
Stocks climbed, putting the major U.S. indexes on course for weekly gains despite another round of firm inflation data.The Wall Street Journal - World -
Blinken says China helping fuel Russian threat to Ukraine
The US Secretary of State was speaking to the BBC at the end of a three-day trip to China.BBC News - Top stories - China -
China's Gold Consumption Rises on Safe-Haven Demand
Chinese buyers, spooked by a protracted property slump and a recent stock-market rout, are rushing toward gold as economic uncertainty looms, propelling a global bullion rally.The Wall Street Journal - World - China -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - World - China -
Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - Business - China -
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.The Wall Street Journal - World -
Realtors spend record $14.7 million on first-quarter lobbying as shakeup hits the real-estate industry
The National Association of Realtors scaled up its Washington lobbying effort in this year’s first quarter, according to disclosures.MarketWatch - Business -
Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.The Wall Street Journal - Tech -
China's Xi says the U.S. needs to accept Beijing's rise for bilateral relations to improve
U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday.CNBC - Business - China -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World -
Burkina Faso army massacred 223 villagers in revenge attack - HRW
Yahoo News - World - Burkina Faso -
Senate Minority Leader McConnell, fresh off a bipartisan victory on overseas aid, said he wants to pump up U.S. military spending to meet new challenges from China, Russia and Iran.
Senate Minority Leader McConnell, fresh off a bipartisan victory on overseas aid, said he wants to pump up U.S. military spending to meet new challenges from China, Russia and Iran.The Wall Street Journal - World -
UK imposes sustainable fuel targets on airlines
Move is expected to push up prices as aircraft switch to 10% blend of greener fuels by 2030Financial Times - World - United Kingdom -
How tough love (and disrespect) fuels Paolo Banchero
The Orlando Magic haven't won a playoff series in 14 years. Banchero believes he can break the cycle.ESPN - Sports -
Why the GDP Report Fueled a Bond-Market Selloff
The results suggest that either the March inflation number, which will be reported Friday, will be higher than expected, or that figures for January and February will be revised up—or a combination of both.The Wall Street Journal - World -
Asylum seeker who killed British retiree says he was seeking revenge for the people of Gaza
An asylum seeker from Morocco who went on a vicious rampage following the Oct. 7 Hamas attack that triggered the Israel-Hamas war has been convicted of murder for stabbing a 70-year-old man in the streets of an English seaside townABC News - World -
Asylum seeker who killed British retiree says he was seeking revenge for the people of Gaza
Yahoo News - World -
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 -
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 -
Scout jamboree disaster blamed on S Korea government
An independent report says authorities failed to deliver a safe event for thousands of children.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 -
Code red: Heat had extra fuel against Celtics in Game 2, even series with fiery win
This was supposed to be the league's most lopsided series. Miami's talent gap against the 64-win Celtics seemed insurmountable. Oh, how the tables have turned.Yahoo Sports - Sports - NBA -
Fossil fuels could have been left in the dust 25 years ago
If only we’d followed Wright’s Law, solar tech could have been cheaper much soonerFinancial Times - Business -
Williams, Jayden Daniels, Drake Maye fuel QB takeover of Round 1
Here's what we know about how Williams, Daniels and other first-round QBs will fit in.ESPN - Sports -
AbbVie’s first-quarter results top expectations as arthritis drugs fuel growth
AbbVie on Friday reported first-quarter results that beat expectations even as sales of its blockbuster autoimmune drug Humira continued to fall.MarketWatch - Business -
Forecasters predict record number of hurricanes
Weather forecasters at the University of Pennsylvania predicted a record hurricane season for 2024 on Thursday, a “hyperactive” season that could threaten the Gulf Coast. The Penn forecast predicts between 27 and 39 named tropical storms, with the ...The Hill - Politics -
Breaking barriers: The rise of women's weightlifting
From improved mental health to enhanced confidence, women are reaping the benefits of weightlifting.BBC News - Top stories -
UK spending watchdog should probe Teesside freeport project, say MPs
Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship regeneration schemeFinancial Times - Business - United Kingdom -
Big asset managers adopt ‘vulture’ tactics in distressed debt fights
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolveFinancial Times - Business -
Anglo American set to be bought or broken up after rejecting £31bn BHP offer, investors believe
UK-listed company says Australian miner’s takeover approach ‘significantly undervalues’ itFinancial Times - Business -
Sequoia commits to backing Musk’s xAI start-up
Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivalsFinancial Times - Business -
Sequoia commits to backing Musk’s xAI start-up
Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivalsFinancial Times - Business -
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 -
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 -
Ukraine's air defence plea falls short in S Europe
Greece says it cannot spare its defence systems and Spain reportedly says it can only provide missiles.BBC News - Top stories - Ukraine -
Conservation is saving species, global study says
A first-of-its-kind study shows conservation is worth investing in, researchers say.BBC News - Top stories -
Guatemalan prosecutors raid offices of Save the Children charity
Guatemalan prosecutors have raided the offices of the charity Save the Children, citing a complaint alleging the violation of migrant children’s rightsABC News - World