Companies Big and Small Lose Access to Credit Amid Bank Stress
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Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
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 -
Tesla’s Earnings Highlight the Company’s Biggest Problem. It’s a Cautionary Tale for Every Leader
Be careful making promises you might not be able to keep.Inc. - Business -
Altria’s earnings top estimates and tobacco company reaffirms full-year guidance
Altria Group Inc. matched profit estimates for the first quarter, while revenue net of excise taxes squeezed a small beat and the company backed its full-year guidance, reiterating its stance that there will be limited impact from enforcement ...MarketWatch - Business -
Foreign Aid Package Comes With New Sanctions Risks for Companies
Prosecutors will now have up to 10 years to investigate sanctions violations, and banks will be required to flag suspicious transactions that could be tied to fentanyl trafficking.The Wall Street Journal - World -
Boeing crash victims' families urge DOJ to criminally prosecute company
Families of victims in the 2019 Ethiopia crash met with prosecutors in Washington D.C. Wednesday.ABC News - Top stories -
Intel shares fall after company provides weak forecast for the current quarter
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.CNBC - Business -
Journalists critical of their own companies cause headaches for news organizations
Journalists see themselves as truth-tellers, and sometimes as contrariansABC News - Entertainment -
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 -
Why South Africa is Anglo American’s ‘poison pill’
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the countryFinancial Times - Business -
Alphabet surges 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 -
Barclays accused of greenwashing over financing for Italian oil company
Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production. Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn ...The Guardian - World -
Colgate-Palmolive’s first-quarter earnings beat estimates and company raises guidance
Colgate-Palmolive Co.’s stock rose 2.9% early Friday, after the consumer goods giant beat first-quarter earnings estimates and raised its guidance.MarketWatch - Business -
Intel’s bad year worsens, with analyst decrying company as ‘profoundly broken’
Intel’s bad year is getting worse as the chip stock experiences another sharp slide in the wake of earnings.MarketWatch - Business -
Tech Spending Still Proves Thorny for Some Advertising Companies
A slower pace of business in the technology sector continued to weigh on some ad holding companies in the first quarter, but things might be looking up.The Wall Street Journal - World -
Scotland first minister calls cabinet meeting amid Green deal speculation
The agenda is not known, but it follows speculation about the future of the power-sharing agreement with the Scottish Greens.BBC News - Top stories -
Head of Vietnam's parliament resigns amid corruption probe
Vietnamese state media outlet VN Express reports that the head of Vietnam’s Parliament, Vuong Dinh Hue, has resignedABC News - World -
Head of Vietnam's parliament resigns amid corruption probe
Yahoo News - World -
Cowboys eye Elliott reunion amid RB shortage
The Cowboys have yet to fill their running back need, but the return of Ezekiel Elliott looks more and more likely.ESPN - Sports - NFL -
Red Sox lose yet another starting pitcher to injury as Brayan Bello lands on IL with lat tightness
Bello joins Lucas Giolito, Nick Pivetta and Garrett Whitlock on Boston's ILCBS Sports - Sports - MLB -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Losing a Foot Never Held Her Back, Until She Tried to Join the Military
Amputees who try to join the U.S. armed forces are rejected, no matter how capable they are. Hannah Cvancara wants to change that.The New York Times - Top stories -
‘A lot would have to go wrong for Biden to lose’: can Allan Lichtman predict the 2024 election?
The professor on his famous 13 ‘keys’ to the White House, a method for predicting election results that’s been right nine times out of 10. Sign up for The Stakes: a free newsletter on the 2024 US presidential electionHe has been called the ...The Guardian - World - Joe Biden -
Study finds electric vehicles lose value more quickly than gasoline-powered cars
In what could be a troubling sign for the electric vehicle market, a recent study found that prices of used EVs dropped far more than comparably aged gas-powered vehicles. NBC News' Christine Romans reports.NBC News - Top stories -
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 -
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 -
Harvey Weinstein’s rape conviction in New York overturned on appeal
State appeals court found mistakes in prosecution of former film mogul that gave momentum to #MeToo movementFinancial Times - Business - New York -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Regulators Seize Troubled Philadelphia Bank, Republic First
The bank had some of the same problems as the ones that failed in 2023.The Wall Street Journal - World -
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Suns' Big 3 in a big pickle, down 2-0 against the Timberwolves as series moves to Phoenix
The Phoenix Suns and their so-called Big Three return home to the desert in a big pickleABC News - Sports -
Exploited, Let Down, and Unfazed: What Small-Business Owners Are Saying About the Foxtrot Fallout
Outfox Hospitality abruptly closed 33 Foxtrot locations yesterday.Inc. - Business -
15 Best Coffee Subscriptions to Keep You Wired (2024): Blends, Single-Origin, Small Batch, and Local Roasters
These services deliver freshly roasted, delicious coffee picks right to your door—each with its own twist.Wired - Tech -
How This Small Business Hit $1 Million in Revenue With a Simple Service: Kids' Gym Class
Hiveclass was founded by parents who wanted to get kids excited about exercise.Inc. - Business -
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New YorkABC News - Top stories -
How did Reggie Bush lose his Heisman Trophy? Answering key questions with ex-USC star back among award winners
Bush was the only Heisman Trophy winner to ever have his trophy strippedCBS Sports - Sports