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Schlumberger posts profit gain for first quarter as revenue tops estimates
International revenue for the oil-services company rose 18% to offset softness in North America, Schlumberger’s CEO said.MarketWatch - Business -
NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Mortgage rates top 7 percent for first time in 2024
Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie Mac. The average 30-year fixed-rate mortgage rose to 7.1 percent this week, up from 6.88 percent the week before. “As rates trend higher, ...The Hill - Politics - Mortgage -
Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
Nissan Motor cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than previously expected due to heightened competition.The Wall Street Journal - World -
Inside an Intel computer chip plant amid rush to grow U.S. production
Computer chip maker Intel is at the center of the latest high-tech race between the U.S. and China. Jo Ling Kent visited their state-of-the-art facility in Oregon for an in-depth report.CBS News - Top stories -
Raducanu falls to Swiatek in Stuttgart quarter-finals
Britain's Emma Raducanu falls to world number one and defending champion Iga Swiatek in the quarter-finals of the Stuttgart Open.BBC News - Top stories -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Almost a quarter of kids aged 5-7 have smartphones
The regulator calls the data a "wake up call", and says parents and industry need to do more.BBC News - Top stories -
The Wolf Among Us 2 Is Still In Production This Year Despite Layoffs, New Images Revealed
New images from The Wolf Among Us 2 have been released, confirming that Telltale Games is still working on the game, despite it being announced back in 2019.. On the Telltale community forums, the developer showed off four new screenshots from The ...GameSpot - Tech -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
WATCH: Tourists flock to see Death Valley in bloom
Gorgeous fields of wildflowers are taking over California with bright yellow daisies even popping up in Death Valley, the driest and hottest place in America.ABC News - Top stories -
Comet Pons-Brooks: How and When to See It
Soon, this devil-horned comet won’t be visible for another seven decades.The New York Times - Science -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Chinese Grand Prix could deliver drama to F1 and slow Verstappen's victory march
The Chinese Grand Prix could deliver some much-needed drama to Formula 1 and Red Bull’s Max Verstappen can’t be penciled in as the almost-certain winnerABC News - Sports -
Beijing half marathon winner thrown out after trio slowed to let him win
All four athletes disqualified and forced to return prize moneySpecial committee issues apology but steers clear of fix talkOrganisers have revoked He Jie’s first place in the Beijing half marathon last weekend after an investigation confirmed ...The Guardian - World -
European carbon trading catching less than quarter of airline emissions, data finds
With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by systemFinancial Times - World -
Web3 Funding Spiked 58 Percent Last Quarter, but It Isn't Exactly Roaring Back Yet
Startups building cryptocurrency and blockchain tech are helping revive an embattled category.Inc. - Business -
Dafydd Jones on Photographing New York Society in the ’80s and ’90s
In the 1980s and ’90s, Dafydd Jones’s party shots captured Manhattan’s rich and powerful.The New York Times - Lifestyle - New York -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
'I see a team under stress' - Klopp departure 'weighing' on Liverpool
Two weeks ago, Liverpool were top of the Premier League and had a favourable route to the Europa League final - things now look very different as Jurgen Klopp's departure looms.BBC News - Top stories -
American Express says cardholders are buying lots of ‘front of cabin’ plane tickets, as total spending grows 7%
American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.MarketWatch - Business -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Ukrainians Wait, Nervously, to See if U.S. Will Provide Critical Aid
From the battlefield to battered cities, soldiers and civilians are counting on Congress to approve $60 billion in military support. Without it, Ukrainian officials say, prospects in the war are grim.The New York Times - World - Ukraine -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
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 -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Warning jailed bankers ruling could hit loan rate
Euribor underpins trillions of euros in loans and tracks the rate banks pay to borrow cash from each other.BBC News - Top stories -
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 -
GOP lawmaker slams Republican colleagues over Ukraine support: 'They would like to see the Russians win'
Republican Rep. Don Bacon (Neb.) ripped into his colleagues who oppose further funding for Ukraine, arguing they "would like to see" Russia win the more than two-year war against Kyiv. "Now for Ukraine, they have no more artillery. If we do not do ...The Hill - Politics - Ukraine