Eurozone Economy Shrinks for Two Consecutive Quarters
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What does Taiwan get from the foreign aid bill and why is the US economy among the biggest winners?
The sweeping foreign aid package passed by congress has drawn the ire of China, but billions of dollars will actually stay in the US. Taiwan’s president Tsai Ing-wen has praised the US Congress for passing a sweeping foreign aid package this week ...The Guardian - World -
JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.NBC News - Top stories -
Dozens arrested in California and Texas as campus administrators move to shut down protests – live
More than 60 people, including a journalist, arrested at University of Southern California and University of Texas at Austin. Campus protests: full storyMike Johnson, the Republican House speaker, will visit Columbia University today to speak to ...The Guardian - World - California -
San Jose Sharks fire coach David Quinn after two seasons as part of a massive rebuilding project
San Jose Sharks fire coach David Quinn after two seasons as part of a massive rebuilding projectABC News - Sports -
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 -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
Two Jewish New Yorkers share their wildly different perspectives on the pro-Palestinian protests at colleges nationwide.
Yahoo News - World -
The federal government granted Micron Technology $6.1 billion to build two chip-making facilities in New York and one in Idaho.
The federal government granted Micron Technology $6.1 billion to build two chip-making facilities in New York and one in Idaho.The Wall Street Journal - World - New York -
Muslim groups claim double standards in police handling of two high-profile stabbings in Sydney
Muslim groups in Australia have criticized the disparity in the police response to two stabbing attacks in Sydney this month, saying it created a perception of a double standard and further alienated the country’s minority Muslim communityABC News - World -
Muslim groups claim double standards in police handling of two high-profile stabbings in Sydney
Yahoo News - World -
I’m going to inherit $6 million in property along with my two siblings — is there a ‘clever’ way to avoid capital-gains tax?
“There are three siblings who are heirs, including me. What happens with the eventual distribution upon my surviving parent’s death?”MarketWatch - Business -
Fantasy Baseball Week 5 Preview: Two-start pitcher rankings highlight Max Fried, Garrett Crochet
If you're tempted to sit the White Sox ace, maybe give it another weekCBS Sports - Sports -
Steelers NFL Draft grades 2024: Pittsburgh adds LB Payton Wilson, WR Roman Wilson on Day 2; full list of picks
All the Steelers picks and draft news in one placeCBS Sports - Sports - NFL -
Sale, Ozuna lead Braves past Guardians 6-2 in matchup of MLB's two best teams
Chris Sale shook off another leadoff homer and Marcell Ozuna kept up his torrid start with two more RBIs, leading the Atlanta Braves past the Cleveland Guardians 6-2 in a matchup between MLB’s two best teamsABC News - Sports - MLB -
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 -
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 -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.CNBC - Business -
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 -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot
Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%.MarketWatch - Business -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
Snap’s 2024 plans are showing signs of paying off, and shares soar 25%
Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.MarketWatch - Business -
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.
Unilever backed its full-year guidance after reporting better-than-expected revenue for the first-quarter on higher volumes.The Wall Street Journal - World -
We're boosting our price target on Alphabet by $30 after it delivered the quarter we've been waiting for
Alphabet on Thursday delivered a knockout first-quarter report and joined the tech-industry party by declaring its first-ever dividend.CNBC - Business -
Realtors spend record $14.7 million on first-quarter lobbying as shakeup hits the real-estate industry
The National Association of Realtors scaled up its Washington lobbying effort in this year’s first quarter, according to disclosures.MarketWatch - Business -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - World -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - World -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - World - Premier League -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
The Anglosphere has an advantage on immigration
English-speaking countries generally do better at both attracting and integrating talentFinancial Times - World -
US wants allies to cut chip-related China exports amid Huawei alarm
Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and technologyFinancial Times - World - China