Economic Report Mortgage Demand Rises 7 As Rates Fall for the Third Week in A Row But Buying Activity Remains Tepid
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Deutsche Bank posts better-than-expected profit in first quarter amid investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Israel Prepares Gradual Rafah Offensive
Responding to U.S. and international pressure, Israel is scrapping plans for an all-out assault in favor of an approach that seeks to limit civilian casualties.The Wall Street Journal - World - Israel -
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 -
Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production
The aircraft maker has cut production to fix quality problems after door-panel blowout.The Wall Street Journal - World -
Some Anti-Israel Protesters Are Paid
Rockefeller and Soros grants are subsidizing those who disrupt college campuses.The Wall Street Journal - World - Israel -
Ecuador's Former Comptroller General Convicted in Case Tied to Odebrecht
Carlos Ramon Polit Faggioni was convicted in Miami of accepting more than $10 million in bribes from the Brazilian construction company.The Wall Street Journal - World -
It's One of the Last Pristine Coral Reefs on Earth. Should We Be Visiting It?
The Raja Ampat archipelago of Indonesia looms large in the imaginations of underwater adventurers. But by visiting its relatively untouched reefs are we protecting them—or threatening them?The Wall Street Journal - World -
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 -
Swedbank Upbeat on Economic Recovery
Swedbank’s earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with ...The Wall Street Journal - World -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World -
Greece’s economic rebound in (painful) context
Scar tissue that I wish you sawFinancial Times - World -
Google says it will miss target for ending third-party cookies
Google said Tuesday that it will no longer be able to complete its phaseout of third-party cookies by the end of 2024. “We recognize that there are ongoing challenges related to reconciling divergent feedback from the industry, regulators and ...The Hill - Politics - Google -
Trump Media asks lawmakers to investigate "unlawful trading activity"
Trump Media CEO Devin Nunes is asking four House committees to investigate possible "naked" short selling in the company's shares.CBS News - Top stories - Donald Trump -
Chinese swimming row rumbles on as Ukad joins clamour for investigation
Ukad calls for transparency from Wada on positive testsBody has noted developments in the case ‘with concern’Pressure continues to grow on the World Anti-Doping Agency (Wada) after UK Anti-Doping (Ukad) became the latest body to call for an ...The Guardian - World - China -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
Blackstone to Buy Franchiser Tropical Smoothie Cafe
The deal values the smoothie chain at around $2 billion, including debt.The Wall Street Journal - World -
Source: Xavi to remain Barça coach after U-turn
Xavi Hernández has agreed to remain on as Barcelona coach until the end of his contract in 2025, a source confirmed to ESPN, reversing his decision to step down in the summer.ESPN - Sports -
Gold Edges Higher Ahead of Key U.S. Economic Data
Gold edged higher in the early morning Asian session as traders await for U.S. PCE data due out Friday to monitor for further clues on the Fed’s monetary-policy trajectory.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 -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Questions swirl over the future of TikTok. Who could own it? How will the platform operate?
Congress passed a bill that could ban TikTok. What could happen next and who might buy the social media platform?Los Angeles Times - Entertainment -
A Spring Luxury Shopping Spree: Everything to Buy Right Now
From cool cowboy boots to grand gardening gear, here’s what you should buy this month.The Wall Street Journal - World -
Jefferies boss sells $65mn in stock to buy a customer’s yacht
Purchase shines light on wealth accumulated by longtime chief executive Rich HandlerFinancial Times - Business -
Mining giant BHP offers to buy rival Anglo American in potential megadeal
Mining giant BHP has offered to buy Anglo American, a long-time rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.MarketWatch - Business