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Gucci-owner Kering expects first-half profit to shrink by up to 45%
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FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business -
Kentucky Derby: Fierceness' odds keep shrinking ahead of the 150th race
Sierra Leone is the No. 2 favorite at 6-1.Yahoo Sports - Sports -
First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett
The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.CNBC - Business -
Liberia's President Joseph Boakai to set up first war crimes court
Yahoo News - World -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
China launches Chang'e 6 lunar probe, revving up space race
China launched its Chang’e 6 lunar probe Friday in a first-of-its-kind mission to bring back samples from the far side of the moon.NBC News - Top stories - China -
18 of 32 first-round picks from 2021 had their fifth-year options picked up
Four of the five first-round quarterbacks had their options declined.Yahoo Sports - Sports -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World
More from Financial Times
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Conservatives battered in local elections as losses mount
Labour hails ‘seismic’ by-election result as Tories haemorrhage council seats but hold on to Tees ValleyFinancial Times - Business -
Anger over Gaza clouds Labour’s local election wins
Party stacks up gains but support appears to drain away in areas with large proportions of Muslim votersFinancial Times - Business -
Is Rishi Sunak in trouble after the local elections?
UK prime minister faces a mutinous party after worst initial council poll results in 40 yearsFinancial Times - Business -
Sunak’s instincts are leading the Tories to ever worse defeat
The prime minister chose the ground on which the local election campaign was fought — and is now paying the priceFinancial Times - Business -
Giving away local power has come back to bite the political centre
The UK is too centralised, but experiments with devolution are in their infancy and still have mixed resultsFinancial Times - Business