French Inflation Falls Faster Than Forecast
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Is eurozone inflation still falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - Inflation -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Intel shares fall after company provides weak forecast for the current quarter
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.CNBC - Business -
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 -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
French strike forces Ryanair to cancel more than 300 flights across Europe
Ryanair urges European Commission to protect overflights and keep EU skies open. Ryanair has demanded that the EU reform its skies after the airline was forced to cancel more than 300 flights across Europe scheduled for Thursday because of a ...The Guardian - 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 -
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.CNBC - Business -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.CNBC - Business - Federal Reserve -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.NBC News - Top stories - Federal Reserve -
More Bad News for the Fed: Its Favorite Inflation Gauge Increased More Than Expected in March
The PCE price index surged last month, putting the rate cut hopes of entrepreneurs on ice.Inc. - Business -
Breakthrough MRI technology uses AI for faster scans
NYU Langone Health and Meta have developed a new type of MRI that dramatically reduces the time needed to complete scans through artificial intelligence. CBS News correspondent Anne-Marie Green reports.CBS News - Top stories -
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 -
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 -
Forecasters predict record number of hurricanes
Weather forecasters at the University of Pennsylvania predicted a record hurricane season for 2024 on Thursday, a “hyperactive” season that could threaten the Gulf Coast. The Penn forecast predicts between 27 and 39 named tropical storms, with the ...The Hill - Politics -
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 -
Arsenic-laced books removed from French library
The four 19th Century books have been removed from shelves and taken for further analysis.BBC News - Top stories - France -
Will the French Olympic Team Be Best Dressed at the Opening Ceremony?
Carine Roitfeld teamed up with Berluti to sprinkle some fashion fairy dust on the designs. Here’s the verdict.The New York Times - Lifestyle -
Global battery rollout doubled last year – but needs to be six times faster, says IEA
Energy watchdog warns pace must accelerate to hit targets after new batteries increased capacity by 130%. The rollout of batteries across the global electricity industry more than doubled last year but will need to be six times faster if the world ...The Guardian - World -
Inflation picks up
Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story Inflation picks up in March The Federal Reserve’s preferred inflation gauge ticked up slightly in March as many Americans saw bumps in their paychecks ...The Hill - Politics - Inflation -
Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.The Wall Street Journal - World -
Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.The Wall Street Journal - Business -
Safran Backs Outlook as Revenue Beats Forecasts
Safran confirmed its full-year guidance after it posted first-quarter revenue above expectations, as the postpandemic recovery in air traffic continued.The Wall Street Journal - World -
Safran Backs Outlook as Revenue Beats Forecasts
Safran confirmed its full-year guidance after it posted first-quarter revenue above expectations, as the postpandemic recovery in air traffic continued.The Wall Street Journal - Business -
French air traffic controllers cancel a strike but Paris flights are still disrupted
Air passengers traveling to and from Paris have experienced significant disruptions Thursday, despite a decision by air traffic controllers to cancel a strike after last-minute negotiationsABC News - World - France -
French national library quarantines books believed to be laced with arsenic
Chemical thought to be in emerald green covers of four 19th-century books identified by Poison Book Project. France’s national library has removed four 19th-century books from its shelves whose emerald green covers are believed to be laced with ...The Guardian - World -
France and the Philippines to start talks on a `visiting forces agreement,' French envoy says
The French ambassador to Manila says her country and the Philippines will start talks next month on a proposed defense pact that would allow troops from each country to hold exercises in the other’s territoryABC News - World - France -
Your Complete Guide to French Interior Design, Straight From the Pros
Yahoo News - World -
French minister calls for greater powers against organized crime
Yahoo News - World - France -
NBC caps off White House Correspondents Weekend at residence of French Ambassador
The champagne was flowing, and music was thumping at the residence of French Ambassador late into Saturday night as Comcast Universal and NBC capped off a busy White House Correspondents Weekend with the company's annual after party. The elegant ...The Hill - Politics -
French government seeks to buy key assets from Atos
Paris wants sensitive parts of the indebted tech company to remain in national handsFinancial Times - Business - France -
Moncler Sales Beat Forecasts Amid Solid Demand in China
The Italian luxury-fashion company said revenue for the Moncler brand grew 26% in Asia.The Wall Street Journal - Business - China -
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 -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
American Airlines swings to a loss, but tops estimates for Q2 forecast
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates.CNBC - Business - Travel -
Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending
Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.CNBC - Business -
Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues
Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street’s expectations.MarketWatch - Business -
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