Ichor Stock Tumbles after Chip Equipment Maker S Revenue Warning
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New York Community Bancorp’s stock jumps more than 30% after reporting narrower-than-expected loss
New CEO Joseph Otting sees a “path to profitability” in the next two years.MarketWatch - Business - New York -
Stocks pop after Fed decision, oil plunges, earnings mixed — what to watch in the market
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Wayfair’s stock jumps after retailer narrows loss, says quarter ended ‘on an upswing’
For the first time since before the onset of the COVID-19 pandemic, Wayfair is “seeing suppliers introducing large groups of new products into their catalogs,” the company said.MarketWatch - Business -
Wrangler parent Kontoor’s stock jumps toward a 3-year high after earnings beat
Revenue fell for both Wrangler and Lee jeans brands, mostly because of retailers reducing inventory.MarketWatch - Business -
Apple Revenue Expected to Decline
The tech giant has been hit by a range of issues in recent months. It and Tesla are the only two of the “Magnificent Seven” big tech stocks in the red in 2024.The Wall Street Journal - World - Apple -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Eight U.S. newspapers sue ChatGPT-maker OpenAI and Microsoft for copyright infringement
A group of eight U.S. newspapers is suing ChatGPT-maker OpenAI and Microsoft, alleging that the technology companies have been “purloining millions” of copyrighted news articles without permission or payment to train their artificial intelligence ...ABC News - Tech -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - World - China -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - World - China -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - Business - China -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - World -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - Business -
S&P 500 Futures Rise as Earnings Roll In
U.S. stock futures rose after Federal Reserve Chair Jerome Powell indicated the bar to cut interest rates had gone up.The Wall Street Journal - World -
SK Hynix's AI-Related Memory Chips Sold Out for Year
SK Hynix said its high bandwidth memory products were sold out for this year and almost fully booked for 2025 due to brisk demand for artificial-intelligence chips.The Wall Street Journal - Tech -
When my tumble dryer broke, I didn’t have high hopes of the chatbot. But the human was even less useful | Adrian Chiles
Appliance manufacturers think they’ve made the world a better place by automating their online help service. They couldn’t be more wrong. From where I’m sitting at this moment I can order some groceries to be brought to my door in a matter of ...The Guardian - World -
Pinterest Records Higher Revenue, Narrower Loss
The social-media platform surpassed half a billion monthly active users and reporting 23% revenue growth, its fastest user and revenue growth since 2021. Shares rose 16% premarket.The Wall Street Journal - World -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Where we're headed: Revenue sharing with college athletes
What does a settlement of the House v. NCAA case entail? And what does it mean for your school? Unpacking a complicated, and fluid, situation.Yahoo Sports - Sports -
Elon Musk Meets With China Official as U.S. Car Makers Tout EVs at Beijing Auto Show
While Tesla has a major base in Shanghai, it wasn't clear whether he was attending the trade show.Inc. - Business - China -
Ex-Nickelodeon producer Schneider sues 'Quiet on Set' makers for defamation, sex abuse implications
Former Nickelodeon producer Dan Schneider is suing the makers of the documentary “Quiet on Set: The Dark Side of Kids TV" for implying that he sexually abused childrenABC News - Entertainment -
Brazilian aircraft maker Embraer is exploring options for a new model to challenge Airbus and Boeing's duopoly for large jets.
Brazilian aircraft maker Embraer is exploring options for a new model to challenge Airbus and Boeing’s duopoly for large jets.The Wall Street Journal - World -
Germany’s military support of Israel is being challenged, despite the I.C.J.’s decision.
A lawsuit was also filed in a Berlin court, which said it expects the government not to license more arms exports until it issues a ruling.The New York Times - Top stories - Israel -
Inside the secret poker games opening doors in L.A.'s art scene
Poker-playing artists have let the cigar smoke out and opened up the tables to a more diverse, inclusive and female-friendly pool of players.Los Angeles Times - Entertainment -
Inside RFK Jr.'s Chaotic White House Bid
Aides describe a cultlike environment in which dysfunction reigns and top aides are focused on elevating their own profiles.The Wall Street Journal - World -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
The Stock Market Could Be Calmer
The Fed’s interference creates volatility and raises capital costs.The Wall Street Journal - World -
To put bloom back on UCLA, new coach DeShaun Foster and staff rip up Chip Kelly's blueprint
In the two months since Chip Kelly left the building on his way to Ohio State, the Bruins have charted a different pathCBS Sports - Sports -
Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson
Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil warFinancial Times - Business -
Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson
Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil warFinancial Times - Business -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
StanChart beats profit forecasts on back of higher interest rates
Lender reports $1.9bn in first-quarter pre-tax profitsFinancial Times - Business -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
Manchester’s Co-op Live arena cancels opening concert a third time
‘Venue-related technical issue’ blamed for latest setback to hit £350mn project backed by Oak View GroupFinancial Times - World -
Fed chair Powell signals that rates will remain higher for longer
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goalFinancial Times - World - Federal Reserve -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.CNBC - Business -
Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.The New York Times - Tech