Dow Jones Newswires Nokia Posts Forecast Beating Profit of $102 Billion Expects Another Year of Growth
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Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - World -
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.CNBC - Business -
2024 Kentucky Derby: Weather forecast improves with good track conditions expected around race time
A look at what conditions will be like on Saturday when the horses reach the starting gateCBS Sports - Sports -
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.MarketWatch - Business -
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple -
Wilson and Jones to meet in Crucible final
Kyren Wilson claims a comfortable 17-11 win over David Gilbert to reach his second World Championship final at the Crucible Theatre.BBC News - Top stories -
Clinical Wilson pulls clear against Gilbert in semi-final
Kyren Wilson produces a clinical display of potting to open up a 14-10 lead over David Gilbert in their World Championship semi-final.BBC News - Top stories -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
Biden administration says 100,000 new migrants are expected to enroll in 'Obamacare' next year
Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act’s health insurance next yearABC News - Health - Joe Biden -
As Putin begins another 6-year term, he is entering a new era of extraordinary power in Russia
Just a few months short of a quarter-century as Russia’s leader, Vladimir Putin starts another six-year term as president holding extraordinary powerABC News - World - Russia -
Tim Dowling: my dad thinks I’m the smartest of his kids, but then he is 102
My kids are all absent, but here’s a transatlantic phone call with my brother and our extremely deaf and elderly father to fill my Saturday afternoon. It is a recent tradition that our adult children spend the night back at home with us the day ...The Guardian - World -
Legrand Misses Forecasts But Keeps Outlook
Legrand posted lower profits for its first quarter following a slowdown in the construction sector, but confirmed its financial targets for the year.The Wall Street Journal - World -
Legrand Misses Forecasts But Keeps Outlook
Legrand posted lower profits for its first quarter following a slowdown in the construction sector, but confirmed its financial targets for the year.The Wall Street Journal - Business -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Jak Jones attacks ‘pathetic’ rivals after booking world snooker final with Wilson
Welsh qualifier will face Kyren Wilson after shock run to finalJones hits back at beaten opponents’ complaints over his styleJak Jones sealed his shock World Snooker Championship final place by beating Stuart Bingham 17-12 – and branded his beaten ...The Guardian - World -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business -
Reese, Cardoso debuts spark popular livestream
The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media livestream from a fan who stepped in when the league's app couldn't broadcast the game.ESPN - Sports -
Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business