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Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
One-word Ofsted grades should stay, says government
The government says the judgements are useful for parents, after MPs called for them to be scrapped.BBC News - Top stories -
Survey finds that 60 firms are responsible for half of world’s plastic pollution
Study confirms Philip Morris International, Danone, Nestlé, PepsiCo and Coca-Cola are worst offenders. Fewer than 60 multinationals are responsible for more than half of the world’s plastic pollution, with five responsible for a quarter of that, ...The Guardian - World -
Gallego nabs two key Latino endorsements
Civil rights icon Dolores Huerta and the United Farm Workers (UFW), the union she founded alongside Cesar Chavez, on Wednesday endorsed Rep. Ruben Gallego (D-Ariz.) in his Senate bid. Endorsements from Huerta and the UFW, key players in the birth ...The Hill - Politics -
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 -
Santiago Espinal has 3 RBIs, Fernando Cruz pitches out of another jam and Reds beat Phillies 7-4
Santiago Espinal had three RBIs, reliever Fernando Cruz pitched out a jam in the seventh inning and the Cincinnati Reds held on for a 7-4 win over the Philadelphia PhilliesABC News - Sports - MLB -
Gold Edges Higher Ahead of Key U.S. Economic Data
Gold edged higher in the early morning Asian session as traders await for U.S. PCE data due out Friday to monitor for further clues on the Fed’s monetary-policy trajectory.The Wall Street Journal - World -
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.The Wall Street Journal - World -
Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Chinese woman charged in UK with criminal possession of crypto
Yadi Zhang made initial appearance at Westminster Magistrates Court on WednesdayFinancial Times - Business - United Kingdom -
Chinese woman charged in UK with criminal possession of crypto
Yadi Zhang made initial appearance at Westminster Magistrates Court on WednesdayFinancial Times - World - United Kingdom -
Chinese woman charged in UK with criminal possession of crypto
Yadi Zhang made initial appearance at Westminster Magistrates Court on WednesdayFinancial Times - World - United Kingdom -
Chinese woman charged in UK with criminal possession of crypto
Yadi Zhang made initial appearance at Westminster Magistrates Court on WednesdayFinancial Times - World - United Kingdom -
Key moments in the Supreme Court's latest abortion case that could change how women get care
It’s unclear exactly where the Supreme Court will land after hearing arguments about Idaho's abortion banABC News - Health - Abortion -
Bob Casey and Dave McCormick advance to the general election in Pennsylvania, setting up a key race for Senate control
Democratic Sen. Bob Casey and Republican Dave McCormick are officially set to face off in Pennsylvania’s Senate race this fall after winning their primaries.NBC News - Politics -
Chinese swimming row rumbles on as Ukad joins clamour for investigation
Ukad calls for transparency from Wada on positive testsBody has noted developments in the case ‘with concern’Pressure continues to grow on the World Anti-Doping Agency (Wada) after UK Anti-Doping (Ukad) became the latest body to call for an ...The Guardian - World - China -
Anti-doping body faces calls for review over Chinese swimmers
UK agency combating drugs in sport adds to pressure ahead of Paris Olympics over 2020 positive testsFinancial Times - Business -
FirstFT: BHP proposes all-stock takeover of Anglo American
Also in today’s newsletter, Meta’s shares tumble and the Chinese group raided by the EUFinancial Times - World -
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 -
Blinken, in Shanghai, begins expected contentious talks with Chinese officials
U.S. Secretary of State Antony Blinken has opened his first full day of meetings in China by talking with local government officials in ShanghaiABC News - World -
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 -
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 -
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 -
Diamond market shows serious cracks from man-made stones
Miners are battling to whittle down the oversupply of gemsFinancial Times - Business -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
How did Reggie Bush lose his Heisman Trophy? Answering key questions with ex-USC star back among award winners
Bush was the only Heisman Trophy winner to ever have his trophy strippedCBS Sports - Sports -
Chinese student given 9-month prison sentence for harassing person posting democracy leaflets
The U.S. Attorney's office says a Chinese former student at Boston's Berklee College of Music has been sentenced to nine months in prison for stalking and threatening a person who posted a flyer in support of democracy in the Asian countryABC News - Top stories -
With 3 Words, Economists Explain the Real Reason There Are So Many Bad Bosses
The Peter Principle explained.Inc. - Business -
How Johnson and Biden locked arms on Ukraine
The planned vote on a foreign aid package is validation of a White House strategy to court the speaker behind the scenes while letting him find his own path.Politico - Politics - Joe Biden -
How Johnson and Biden locked arms on Ukraine
The planned vote on a foreign aid package is validation of a White House strategy to court the speaker behind the scenes while letting him find his own path.Politico - Politics - Joe Biden -
How Johnson and Biden locked arms on Ukraine
The planned vote on a foreign aid package is validation of a White House strategy to court the speaker behind the scenes while letting him find his own path.Politico - Politics - Joe Biden -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics -
Johnson careens toward uncharted speaker territory
If the speaker can wade through the conservative blowup over Ukraine aid, even his critics predict he might be able to hold on until November.Politico - Politics