Dow Jones Newswires Bank of Korea Raises Benchmark Rate As Expected Leaves Door Open for More Tightening
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Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales
The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.CNBC - Business -
CEOs are quitting at record rates, and women are twice as likely as men to leave
Women CEOs are twice as likely as men to quit within 2 years, and four times as likely to leave within 1 year.CNBC - Business -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.CNBC - Business -
Deutsche Bank expects fewer U.S. commercial real estate provisions in second half
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.MarketWatch - Business -
Want to Raise Happier, More Successful Kids? These 7 Parenting Habits Lead to Remarkable Outcomes
Simple habits. Even obvious habits. But, as the longest-running parenting study shows, extremely powerful habits.Inc. - Business -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - Business - Federal Reserve -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest stands apart from other large airlines because it does not have seat assignments.CNBC - Business -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest Airlines is considering changes to its single-class, open-seating cabins to drive up revenue, CEO Bob Jordan told CNBC on Thursday, a shift that could be among the largest in the airline’s history.NBC News - Top stories -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Yale Approach Smart Lock Review: Magical Door-Unlocking Powers
Yale’s first deadbolt adapter magically unlocks your door when it senses you’re returning home.Wired - Tech -
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Jamie Dimon is skeptical of a soft landing. "Don't get lulled into a false sense of security." The JPMorgan CEO sits down with our editor in chief.The Wall Street Journal - World -
How TikTok’s Chinese owner tightened its grip on the app
Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownershipFinancial Times - Business - Tiktok -
How TikTok’s Chinese owner tightened its grip on the app
Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownershipFinancial Times - World - Tiktok -
Paul Skenes finally starts building up workload but Pirates GM is keeping any promotion benchmarks secret
Wednesday's start was the first time Skenes had pitched into the fifth inning since he was draftedCBS Sports - Sports -
Jimmy Kimmel on Trump: ‘He keeps his caps lock tighter than the door to Melania’s bedroom’
Late-night hosts talk Trump’s all-caps rants, Kanye West’s new porn venture and Mike Johnson’s delayed Ukraine aid approval . Late-night hosts talked Donald Trump’s Truth Social rants, Biden’s potential TikTok ban and House speaker Mike Johnson’s ...The Guardian - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Newey to leave Red Bull over Horner allegations
Red Bull design chief Adrian Newey is to leave the team in the wake of the controversy involving allegations about team principal Christian Horner.BBC News - Top stories -
Erik Jones to miss time after fracturing back in crash at Talladega
Jones suffered a compression fracture in his lower vertebra after a vicious head-on hit into the turn 3 wallCBS Sports - Sports -
Party Like It’s 1989
In the 1980s and ’90s, Dafydd Jones’s party shots captured Manhattan’s rich and powerful.The New York Times - Lifestyle -
GDP and the Dow Are Up. But What About American Well-Being?
The standard ways of measuring economic growth don’t capture what life is like for real people. A new metric offers a better alternative, especially for seeing disparities across the country.The Wall Street Journal - World -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
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 -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Mother describes leaving Idaho for an abortion as Supreme Court considers its ban
The Supreme Court will weigh whether Idaho's abortion ban conflicts with a federal law that requires hospitals to provide patients treatment in emergencies.NBC News - Top stories - Abortion -
10,000 council staff stuck on sick leave, say Lib Dems
NHS waiting lists must be urgently reduced so people can get back to work, the party argues.BBC News - Top stories -
Australian Journalist Says She Had No Choice But to Leave India
Avani Dias said that she had been denied a visa renewal for weeks because of her reporting on the Sikh separatist movement. Indian officials disputed her account.The New York Times - World - Australia -
They Entered College in Isolation and Leave in Protest: The Class That Missed Out on Fun
The pandemic left many students anxious and lonely, still choosing to go to class online, watch games on their phones and eat meals in their rooms. ‘We’ve never had a calm time when we can just focus on being kids.’The Wall Street Journal - World -
Mother describes leaving Idaho for an abortion as Supreme Court considers its ban
The Supreme Court will weigh whether Idaho's abortion ban conflicts with a federal law that requires hospitals to provide patients treatment in emergencies.NBC News - Politics - Abortion -
Cleverly likens Tory plots against Sunak to leaving plane without parachute
Home secretary says an attempted putsch after a local election drubbing would be a ‘catastrophic idea’Financial Times - Business