Ericsson to Lay Off 1200 Employees in Sweden Amid Mobile Markets Slump
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Spotify's CEO Says Laying Off Many Employees All at Once May Have Been a Mistake
Daniel Ek admitsa classic error of makingwidespread jobcuts to reducecosts, leavingdailyroutines in disarray.Inc. - Business -
Exxon Mobil and Chevron posted lower first-quarter profits in part because of anemic natural-gas prices and refining margins, as their run of record-setting results tapers off.
Exxon Mobil and Chevron posted lower first-quarter profits in part because of anemic natural-gas prices and refining margins, as their run of record-setting results tapers off.The Wall Street Journal - World -
PEN America calls off awards ceremony amid criticism over response to Israel-Hamas war
Facing widespread unhappiness over its response to the Israel-Hamas war, the writers' group PEN America has called off its annual awards ceremony.CBS News - Entertainment - Israel -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
Yahoo News - World -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
A Swedish parliament committee says Sweden should increase its annual military budget by nearly 54 billion kronor ($5 billion) by 2030 to strengthen its air defenses and increase the number of conscripts, among other measuresABC News - World -
STMicroelectronics slashes guidance over slump in automotive industry
The Swiss chipmaker reported an 18.4% drop in its first-quarter sales as it cut its guidance for the year.MarketWatch - Business -
Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.The New York Times - Business -
Racist AI Deepfake of Baltimore Principal Leads to Arrest
A high school athletic director in the Baltimore area was arrested after he used A.I., the police said, to make a racist and antisemitic audio clip.The New York Times - Business -
Deepfake of Baltimore Principal Leads to Arrest of School Employee
A high school athletic director in the Baltimore area was arrested after he used A.I., the police said, to make a racist and antisemitic audio clip.The New York Times - Top stories -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
Sadiq Khan urges Labour to pursue UK-EU youth mobility deal
London mayor tells FT that scheme would be ‘incredibly important’ for capital after Labour shunned proposalFinancial Times - Business -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Sadiq Khan urges Labour to pursue UK-EU youth mobility deal
London mayor tells FT that scheme would be ‘incredibly important’ for capital after Labour shunned proposalFinancial Times - World -
Adyen shares slump as payments processor meets revenue estimates
Shares of Adyen slumped Thursday as the payments processor met revenue expectations even after processing more volume than anticipated.MarketWatch - Business -
‘Confined to this little island’: Britons criticise rejection of EU youth mobility deal
Hundreds voice dismay at Sunak and Starmer, accusing them of misreading UK attitudes towards Europe. Elena, 35, was “flabbergasted” when she heard that both Rishi Sunak and Keir Starmer had dismissed a proposal by the European Commission to ...The Guardian - World - European Union -
German pharmaceutical firm Merck lays cornerstone for research centre
Yahoo News - World - Germany -
Poland lays claim to a leadership role in Europe as Russia's war threatens stability
Poland’s foreign minister has called on NATO to increase its defense preparedness and said his government wants to be at the center of decision-making in the European Union, seeking to reestablish the country as a reliable international partner as ...ABC News - World - Russia -
Youth mobility deal risks waking sleeping Brexit dogs
Also in this week’s newsletter, new border charges threaten to push up imported food pricesFinancial Times - World -
Exxon Mobil’s stock falls after profit and production drop below forecasts
Shares of Exxon Mobil Corp. dropped more than 3% Friday after the oil and gas giant reported first-quarter profit and production that fell below forecasts, even as revenue beat expectations by a wide margin.MarketWatch - Business -
FTC votes to ban noncompete clauses that bar employees from working for competitors
The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.CNBC - Business -
School Employee Allegedly Framed a Principal With Racist Deepfake Rant
Plus: Google holds off on killing cookies, Samourai Wallet founders get arrested, and GM stops driver surveillance program.Wired - Tech -
Hamas official says group would lay down its arms if an independent Palestinian state is established
A top Hamas political official has told The Associated Press the Islamic militant group is willing to agree to a five-year truce with Israel and that it will lay down its weapons and convert into a political party if an independent Palestinian ...ABC News - World -
Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn
Green Finance Institute report said further pollution could cut 12% off GDP by 2030s. The destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and ...The Guardian - World - United Kingdom -
Yen slumps to fresh 34-year low as Bank of Japan stands pat with no sign of intervention
The Japanese yen fell to a fresh 34-year low versus the U.S. dollar after the Bank of Japan left monetary policy unchanged and gave little indication that intervention to support the currency was imminent.MarketWatch - Business -
India election: Modi and rivals trade accusations as voter turnout slumps in second phase
Parties clash over communal issues in increasingly charged campaign amid concerns unseasonably hot weather affecting voter numbers. India has held the second phase of the world’s biggest election, with prime minister Narendra Modi and his rivals ...The Guardian - World - India -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
Employee stock purchase plans offer 'free money' — but also carry complexity and risk, experts say
If you work for a publicly traded company, you may have access to discounted company shares via an employee stock purchase plan, or ESPP. Here's what to know.CNBC - Business -
Employees work hard when they have a sense of ownership — so make them owners
Corporations should share the wealth with those who help create it.MarketWatch - Business -
In a Memo to Employees, Delta’s CEO Announced They Were Getting Raises. These 5 Words Stuck Out
Delta is giving out raises for the third year in a row. It's a lesson for every leader.Inc. - Business -
Room & Board Sets Up Employee Stock Ownership Plan, Giving Workers A Stake
Room & Board, the Minneapolis-based modern furniture retailer, is giving employees a financial stake in the company via a new employee stock ownership plan.The Wall Street Journal - World -
Meet the Walmart deli employee who's also a track star hoping to make the Olympic team
When it comes to Olympic athletes, Dylan Beard is cold cut from a different cloth.NBC News - Top stories -
'Do Not Use the Market as an Excuse' Says
NBC producer Kyle Scott and 'Million Dollar Listing' star Ryan Serhant just launched a new sales coaching business, Sell It, to teach the most important entrepreneurial skill--selling.Inc. - Business -
Auto & Transport Roundup: Market Talk
Gain insight on an FAA quality control audit of Boeing, Norfolk Southern, Cargojet and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Gain insight on Imperial Oil, the U.S. rig count, Europe’s energy policies, and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Controversial AI photo comes to the market
UBS donates 166 photographs to DC museum; Brussels fair fights VAT hike; merged galleries open first shows in SpainFinancial Times - World -
Basic Materials Roundup: Market Talk
Find insight on Elliott Investment Management, Agnico Eagle Mines , Anglo American’s rejection of BHP’s takeover bid, and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Eni, Iberdrola and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Auto & Transport Roundup: Market Talk
Find insight on Traton, China’s auto sales, Capital A, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
A Real Market Fix for Climate Change
If advocates actually want to use the economy, leave carbon credits in the bin. There’s a better way.The Wall Street Journal - World - Climate -
Financial Services Roundup: Market Talk
Gain insight on SPDR Gold, Banco Bilbao Vizcaya Argentaria, Deutsche Bank, and more in the latest Market Talks covering Financial Services.The Wall Street Journal - World