Lendingclub to Lay Off 14 of Staff As Higher Interest Rates Weigh
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Spotify's CEO Says Laying Off Many Employees All at Once May Have Been a Mistake
Daniel Ek admitsa classic error of makingwidespread jobcuts to reducecosts, leavingdailyroutines in disarray.Inc. - Business -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
FTC votes to ban noncompete clauses that bar employees from working for competitors
The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.CNBC - Business -
Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity
Jeff Bezos doesn't time block or stick to a strict schedule to be successful and productive. Instead, he allots however much time he needs for mind wandering.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
'Invest in these women': WNBA champion A'ja Wilson hopes Caitlin Clark's popularity helps the league grow
The five-time All-Star and two-time WNBA champion hopes to see the excitement around Clark help grow the league.CNBC - Business - WNBA -
Here’s a rapid-fire update on all 33 portfolio stocks including our tech giants reporting this week
During the Investing Club's Monthly Meeting on Wednesday, Jim Cramer offered his updated thinking on the stocks in the portfolio.CNBC - Business -
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.CNBC - Business -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Rubrik prices IPO at $32 per share, above the expected range
Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.CNBC - Business -
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.CNBC - Business -
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.CNBC - Business -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.CNBC - Business -
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.CNBC - Business - China -
Nigeria’s naira rebounds sharply after bumper interest rate rises
After hitting record low against dollar, naira has become world’s best-performing currency in recent weeksFinancial Times - World -
3 things to do if interest rate cuts are delayed, according to experts
Delayed rate cuts translate to continued favorable yields on deposit accounts and Treasury bills.CBS News - Top stories -
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.NBC News - Top stories - Federal Reserve -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves
Buying stocks after the “final rate hike” in a cycle demands perfect timing.MarketWatch - Business -
Red Sox place Brayan Bello on IL in latest blow to pitching staff
The injury bug continues to bite the Red Sox, who placed talented young right-hander Brayan Bello on the injured list Wednesday.Yahoo Sports - Sports - MLB -
10,000 council staff stuck on sick leave, say Lib Dems
NHS waiting lists must be urgently reduced so people can get back to work, the party argues.BBC News - Top stories -
Alphabet hails ‘once-in-a-generation’ AI opportunity as revenue rises
Shares surge after tech giant issues first ever dividend and posts revenue of $80.5bn, up 15% since last year, despite staff turmoil. Shares in Alphabet, the owner of Google and YouTube, surged after it issued its first ever dividend and revealed ...The Guardian - World -
Acrivon Therapeutics’ shares climb 14% on plans to present cancer-test data
Shares of Acrivon Therapeutics advanced in post-market trading after the biopharmaceutical company said it would present clinical trial data in connection with a biomarker test for ovarian and endometrial cancers.MarketWatch - Business -
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 -
Alphabet shares jump 14% on earnings beat, first-ever dividend
Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.CNBC - Business -
German pharmaceutical firm Merck lays cornerstone for research centre
Yahoo News - World - Germany -
Poland lays claim to a leadership role in Europe as Russia's war threatens stability
Poland’s foreign minister has called on NATO to increase its defense preparedness and said his government wants to be at the center of decision-making in the European Union, seeking to reestablish the country as a reliable international partner as ...ABC News - World - Russia -
Slot confirms he wants Liverpool job
Arne Slot confirms that he is interested in becoming Liverpool's manager after Jurgen Klopp leaves at the end of the season.BBC News - Top stories -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
Implications as Supreme Court weighs Idaho's abortion ban
Demonstrators on both sides turned out yesterday as the Supreme Court heard the Biden administration's challenge to Idaho's near-total ban on abortion.The Justice Department claims Idaho has violated federal law that requires hospitals to provide ...CBS News - Top stories - Abortion -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - Business -
Comex Gold, Silver Settle Higher
Gold settled 0.2% higher, snapping a three-session losing streak, and silver rose nearly 0.1%, up two of the past three sessions.The Wall Street Journal - World -
U.K. Consumer Confidence Ticks Higher
Research group GfK’s consumer confidence barometer climbed to minus 19 in April from minus 21 in March, marking the first uptick in sentiment since January.The Wall Street Journal - World - United Kingdom