German Retail Sales Fall More Than Expected
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Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
German union calls for strikes at retailers IKEA and Metro
Yahoo News - World - Germany -
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 -
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 -
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 -
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 -
Rémy Cointreau posted a decline in sales for its fourth quarter as it continues to destock in the U.S., but saw a better-than-expected performance in China despite the complex market environment there.
Rémy Cointreau posted a decline in sales for its fourth quarter as it continues to destock in the U.S., but saw a better-than-expected performance in China despite the complex market environment there.The Wall Street Journal - World -
Microsoft’s cloud sales receive a boost from AI
Tech group’s shares up 3% a day after better than expected earnings reportFinancial Times - Business - Microsoft -
German and Spanish ministers among those to demand rich pay more tax
Yahoo News - World - Germany -
Gilead’s quarterly loss is narrower than expected
Gilead Sciences Inc.’s stock dipped 0.2% in after-hours trading Thursday, after the drug company’s adjusted first-quarter profit was narrower than expected.MarketWatch - Business -
New-car sales expected to tick higher as inventories, and deals, are on the rise
2024 is shaping up to be the best for new-car sales since 2019.MarketWatch - Business -
Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales
The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.CNBC - Business -
Microsoft's bullish PC outlook makes us want to buy more of this electronics retailer
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Urban flats for sale in Great Britain for less than £500,000 – in pictures
From a modern development in the heart of Edinburgh to a Grade II-listed townhouse in Ramsgate Continue reading...The Guardian - World -
Buying a home is more expensive than ever
Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story It's more expensive than ever to buy a home A new report from real estate company Redfin found that the median home price has hit a record high in ...The Hill - Politics -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
U.S. economic growth slower than expected in 2024's first quarter
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why ...CBS News - Top stories -
Many Americans retire far earlier than expected — and not by choice
About 7 in 10 retirees stop working before they turned 65. For many of them, it was for reasons beyond their control.CBS News - Top stories -
Bristol Myers Squibb shares fall amid sluggish sales of some newer drugs
Bristol Myers Squibb shares fell early Thursday after the company reported better-than-expected first-quarter results but said it would cut about 2,200 jobs this year.MarketWatch - 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 -
Nurse who stole more than £100k from patients jailed
He forged the signature of an elderly woman who was incapable of holding a pen, say police.BBC News - 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 -
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 -
More than just a bowl of noodles, ramen in Japan is an experience and a tourist attraction
Spicy, steaming, slurpy, ramen might be everyone’s favorite Japanese foodABC News - World - Japan -
More than 160 pilot whales stranded in Western Australia
Yahoo News - World - Australia -
More than 100 pilot whales are rescued after being stranded in Western Australia
More than 100 long-finned pilot whales that beached on the western Australian coast have returned to sea, while 31 died on the shore, a whale researcher said.NBC News - Top stories - Australia -
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge
Hertz’s stock resumed its selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss, and significantly expanded its plan to sell off its electric vehicles.MarketWatch - Business -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Tech - Netflix -
Tanzania floods and landslides kill more than 150 - PM Kassim Majaliwa
Yahoo News - World