Earnings Results Ford Logs $2 Billion Loss in 2022 Says Profit Was Left on the Table
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Ford tops first-quarter earnings estimates as commercial unit offsets EV losses
Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.CNBC - Business -
Ford stock rises as EV losses are held in check and hybrid sales surge
Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.MarketWatch - Business -
Comcast earnings beat expectations as Peacock losses narrow
Comcast scored a profit beat for the latest quarter, and that seemed to be overshadowing another drop in broadband subscribers.MarketWatch - Business -
Ford's earnings beat, rosy 2024 outlook, and cost discipline show the automaker is getting its house in order
Ford’s results show it is off to a solid start to the year.CNBC - Business -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
Liverpool's Premier League title hopes hit by 2-0 loss to Everton. Man United survives another scare
It looks like there will be no dream send-off for Jurgen Klopp after a 2-0 loss at Everton dealt a major blow to Liverpool’s Premier League title hopesABC News - Sports - Premier League -
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 - Top stories -
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 - Business -
Bears request more than $2 billion in public money to fund $4.6 billion stadium project
The numbers for the Bears' proposed stadium project are astounding.Yahoo Sports - Sports -
Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.CNBC - Business -
NBA disagrees with LeBron James and Lakers, supports calls made late in Game 2 loss
The Lakers complained about foul calls during the team's loss to the Nuggets, but the NBA two-minute report endorsed the calls made late in the contest.Yahoo Sports - Sports - NBA -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
5th person charged in killing of 2 Kansas moms, officials say
Paul Grice, 31, was arrested and charged by Oklahoma authorities with murder and kidnapping in connection to the deaths of Veronica Butler and Jilian Kelley.CBS News - Top stories -
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.The Wall Street Journal - World -
LSU's Jayden Daniels downplays issues with Commanders, says he'd be 'blessed' to go No. 2 overall
Jayden Daniels handled the media with the same poise and command he displays in the pocketABC News - Sports -
Knicks vs. 76ers: Tom Thibodeau discusses Game 2 controversy, says he 'knew they couldn't call a foul there'
New York's coach added he's more concerned with the '46-minute report' than the Last Two Minute ReportCBS Sports - Sports - NBA -
World’s billionaires should pay minimum 2% wealth tax, say G20 ministers
Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis. ‘Why we need a global tax on billionaires’. . . The world’s 3,000 billionaires should pay a minimum 2% ...The Guardian - World -
Photos of 2022 southern China floods passed off online as 2024 deluge
Yahoo News - World - China -
Shigeru Ban Displays a New Version of His Paper Log House at the Glass House
A new version of the Pritzker Prize-winning architect’s Paper Log House is on display at the Glass House in New Canaan, Conn.The New York Times - Lifestyle -
Giants place Snell on IL with left adductor strain, recall Roupp
The Giants placed Blake Snell on the IL due to a left adductor strain and recalled Landen Roupp from Triple-A.Yahoo Sports - Sports -
ServiceNow rides wave of enterprise AI sales as results top estimates
ServiceNow Inc. is reaping the benefits nearly a year after its push into generative artificial intelligence.MarketWatch - Business -
Climate change is bringing malaria to new areas. In Africa, it never left
When cases of locally transmitted malaria were found in the United States last year, it was a reminder that climate change is reviving or migrating the threat of some diseasesABC News - World - Climate -
Climate change is bringing malaria to new areas. In Africa, it never left
When cases of locally transmitted malaria were found in the United States last year, it was a reminder that climate change is reviving or migrating the threat of some diseasesABC News - Health - Climate -
Blake Snell injury: Giants pitcher scratched three hours before start, lands on IL with left adductor strain
Ryan Walker will start a bullpen game instead WednesdayCBS Sports - Sports -
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
Turkish rail officials jailed for more than 108 years for crash that left 25 dead
A court in Turkey sentenced nine rail officials to more than 108 years’ imprisonment over a crash six years ago that killed 25 people, local media reported on ThursdayABC News - World -
Merck’s first-quarter results beat expectations amid healthy vaccine-sales growth
Merck on Thursday reported first-quarter results that beat analysts’ expectations amid strong sales of vaccines and cancer drug Keytruda.MarketWatch - Business -
AstraZeneca Earnings, Sales Beat Views
AstraZeneca reiterated its full-year guidance after posting first-quarter core earnings and sales above forecasts.The Wall Street Journal - World -
Angels dispute controversial review in loss to O's
Replay review of an initial out call on Jo Adell's attempted steal of second base with two outs in the bottom of the ninth inning was not overturned, resulting in the Angels' 6-5 loss to the Orioles.ESPN - Sports -
The Supreme Court struggled with the consequences of its 2022 decision ending the nationwide right to abortion in a case pitting the health of women suffering medical emergencies against a state law that bans the procedure.
The Supreme Court struggled with the consequences of its 2022 decision ending the nationwide right to abortion in a case pitting the health of women suffering medical emergencies against a state law that bans the procedure.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 -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - World -
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 -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - Business -
Micron Will Receive $6.1 Billion to Build Semiconductor Plants
The grant to the memory chipmaker is the latest federal award aimed at boosting U.S. chip manufacturing.The New York Times - Tech -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - World -
Ukrainian ambassador discusses $61 billion aid package
After months of negotiations, debate and Capitol Hill visits from foreign leaders, a much-anticipated foreign aid bill finally became law Wednesday with President Biden's signature. Oksana Markarova, Ukrainian ambassador to the U.S., joins CBS ...CBS News - Top stories - Ukraine