Dow Jones Newswires Nokia Posts Forecast Beating Profit of $102 Billion Expects Another Year of Growth
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CPAP Lawsuits Settled for $1.1 Billion
Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.The New York Times - Health -
Shell Launches $3.5 Billion Buyback
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.The Wall Street Journal - World -
Shell Launches $3.5 Billion Buyback
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.The Wall Street Journal - Business -
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecastABC News - Top stories -
OMV Profit Tops Hopes, Keeps Outlook
OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.The Wall Street Journal - Business -
Santander Confirms Outlook Despite Profit Miss
Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial targets.The Wall Street Journal - Business -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
GSK Upgrades Targets as Core Profits Jump
GSK lifted its full-year guidance after first-quarter core earnings rose 28%, helped by higher sales of vaccines and specialty medicines .The Wall Street Journal - World -
NAB's Profit Falls; Increases Share Buyback
Australia’s second-largest lender by market capitalization reported a 12% decline in half-year net profit and announced it will increase its share buyback by $980 million.The Wall Street Journal - World -
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.The New York Times - Business - Federal Reserve -
AMD CEO foresees sustained growth driven by insatiable demand for AI
AMD CEO Lisa Su said it's an exciting time for the industry as the widespread deployment of AI is driving demand for computing power.VentureBeat - Tech -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Aston Martin Outlook on Track, New Cars to Boost Growth
Aston Martin losses grew in the first quarter on lower revenue, but said it expected the launch of four new models this year would drive growth in the second half.The Wall Street Journal - World -
Why Super Micro’s stock is falling despite an upbeat growth outlook
One analyst’s price target implies 60% further downside, in part due to margin concerns, as AI competition heats up.MarketWatch - Business -
Aston Martin Outlook on Track, New Cars to Boost Growth
Aston Martin losses grew in the first quarter on lower revenue, but said it expected the launch of four new models this year would drive growth in the second half.The Wall Street Journal - Business -
Immigration boom helps boost growth in rich countries, says OECD
Paris-based organisation raises forecasts this year for global economy as jobs markets strengthenFinancial Times - World -
UK set to lag peers on growth and suffer ‘sticky’ inflation, says OECD
Forecaster delivers downbeat outlook ahead of local elections in EnglandFinancial Times - World - United Kingdom -
Immigration boom helps boost growth in rich countries, says OECD
Paris-based organisation raises forecasts this year for global economy as jobs markets strengthenFinancial Times - Business -
Wolves expect Finch to travel to Denver for G1
The Timberwolves are planning for coach Chris Finch to be with them in Denver following his knee surgery - and considering seating configurations that would allow him to safely be on the bench during games.ESPN - Sports -
Swinney looks set to be first minister as Forbes backs him
John Swinney is now expected to be the only candidate to succeed Humza Yousaf as SNP leaderBBC News - Top stories -
Dodgers ace Buehler expected to return Monday
Dodgers pitcher Walker Buehler is expected to make his return to the big leagues Monday after missing nearly two full years following Tommy John surgery in 2022.ESPN - Sports - MLB -
Gold Gains on Softer-Than-Expected Fed Rhetoric
Base metals and gold gained after the Federal Reserve’s comments came in softer than expected.The Wall Street Journal - World - Federal Reserve -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - 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 - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - World - Microsoft -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - Tech - Microsoft -
Biden to announce $3 billion to replace lead pipes
President Biden will announce Thursday that his administration will be doling out $3 billion in funds to replace lead pipes, which can pose a health hazard. Biden will announce the funds, part of a total of $15 billion from the Bipartisan ...The Hill - Politics - Joe Biden -
Patreon's TikTok Ban Takedown Post Is a Master Class in Attracting Future Clients
Patreon says it's worried about volatility in the creator economy, and its pseudo sales pitch to attract creators unseated from TikTok is a good example of on-brand messaging.Inc. - Business - Tiktok -
Brazil posts strong job figures, signals stronger activity; inflation a concern
Yahoo News - World - Brazil -
Facebook posts target Gaza aid agencies with baseless 'cigarette deliveries' claim
Yahoo News - World - Facebook -
Ex-Camelot boss named as new Post Office chairman
Nigel Railton is confirmed as interim chairman of the Post Office after Henry Staunton's sacking.BBC News - Top stories -
Posts misleadingly claimed Nigeria’s Lagos state increased monthly minimum wage
Yahoo News - World -
4/28: The Book Report by Washington Post critic Ron Charles
The "Sunday Morning" book reviewer offers his picks from this month's new fiction and non-fiction titles, including a new book by Amor Towles, author of "A Gentleman in Moscow," and Judi Dench's love letter to Shakespeare.CBS News - Entertainment - United Kingdom -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - World - China -
Super Micro plummets 14% after posting revenue miss
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.CNBC - Business -
The Book Report: Washington Post critic Ron Charles (April 28)
This month's fiction and non-fiction titles include the follow-up from Amor Towles, author of the international sensation, "A Gentleman in Moscow."CBS News - Entertainment - United Kingdom -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - Business - China