Market Snapshot Dow Ekes Out Gain But Nasdaq and S&p 500 End Lower after Microsoft S Disappointing Outlook Fuels Recession Fears
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U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel's strike against Iran before retreating, closing up 0.2%.
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel’s strike against Iran before retreating, closing up ...The Wall Street Journal - World -
Oil market shrugs off Israeli strikes on Iran
Brent spikes above $90 before dropping close to three-week low as Tehran plays down attacksFinancial Times - Business - Israel -
Trump’s $175mn bond should be invalidated, New York attorney-general says
Letitia James’s office says former president should have to post a new bond while he appeals against civil fraud judgmentFinancial Times - Business - New York -
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.The Wall Street Journal - World -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
Brunson using season-ending turnover as fuel
Ahead of the Knicks opening up the playoffs against the 76ers, Knicks star Jalen Brunson admitted he spent all summer thinking about his turnover in the closing moments of New York's Game 6 loss to the Miami Heat last spring.ESPN - Sports -
How 500 from island of Newfoundland ended up on same cruise by coincidence
The residents of the Atlantic Canadian province chased the same good deal online without prior planning.BBC News - Top stories -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
European Gas Erases Gains as Market Weighs Strike on Iran
Yahoo News - World - Iran -
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels
US bank says higher interest rates, inflation and global conflict have dented outlook for energy transitionFinancial Times - Business -
Trump Media warns Nasdaq about "potential market manipulation" of its stock
Trump Media & Technology Group sent a letter to Nasdaq warning that so-called "naked" short selling could be impacting its stock.CBS News - Top stories - Donald Trump -
Five reasons the stock market’s ‘painful’ pullback may be nearing its end
It’s been a painful experience for investors over recent days. But it may soon come to an end says Tom LeeMarketWatch - Business -
R.F.K. Jr.’s Environmental Colleagues Urge Him to Drop Presidential Bid
Nearly 50 leaders and activists who worked with Mr. Kennedy at an environmental nonprofit group will run ads calling on him to “Honor our planet, drop out.”The New York Times - Top stories -
Murphy fires back at Trump Jr. on Mayorkas vote: 'Republicans are full of s‑‑‑'
Sen. Chris Murphy (D-Conn.) fired back at Donald Trump Jr. on Friday for calling out three Senate Democrats who voted to end the impeachment case against Homeland Security Secretary Alejandro Mayorkas. “Your Friday morning reminder that ...The Hill - Politics - Donald Trump -
Tom Brady fuels NFL comeback speculation by sharing video of himself working out shirtless
Brady is staying in shapeCBS Sports - Sports - NFL -
Bitcoin evangelist Michael Saylor has made $370 million from MicroStrategy stock sales this year
Following a share-sale plan executed last year, MicroStrategy founder Michael Saylor has profited handsomely from unloading stock in 2024.CNBC - Business - Crypto -
Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock
Donald Trump owns nearly 60% of Trump Media, which operates the Truth Social app. DJT shares are sharply down since their March trading debut.CNBC - Business - Donald Trump -
Oil prices post weekly loss as market sees limited risk of wider war after Israel strike on Iran
Oil prices briefly jumped more than 3% after reports of explosions near the Iranian city of Isfahan.CNBC - Business - Iran -
Asia Markets Fall After Israeli Strike on Iran
Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.The Wall Street Journal - World - Israel -
RFK Jr.'s sister dismisses his candidacy: 'Let's talk about reality'
Kerry Kennedy is brushing off her brother, Robert F. Kennedy Jr.'s, independent presidential bid, arguing it is clear only President Biden or former President Trump will be able to secure the Oval Office in November. Kennedy was speaking with CNN ...The Hill - Politics -
U.S. measles cases reach 125 this year, topping 2022's large outbreaks
The CDC estimates the U.S. could reach 300 measles cases in 2024 — more than the recent peak two years ago.CBS News - Top stories -
Ex-Bernie Sanders Pollster Worried About RFK Jr.’s Appeal Among Crucial Voters
A Democrat warns that the independent could siphon crucial support from Biden.The New York Times - Top stories -
Colts' tight end removed from Commissioner's Exempt List after domestic violence charges dropped
Ogletree was on the Commissioner's Exempt List for over three monthsCBS Sports - Sports -
P&G's initial decline had nothing to do with earnings. The market later agreed
Management's call with investors had us feeling very good about Procter & Gamble's future, no matter the economic backdrop.CNBC - Business -
U.S. Airlines Outlook Brightens as U.S. Business Travel Takes Off
The three-year travel boom is adding big-spending business class flyers to its rising revenue segments, boosting first-quarter profits at Delta, United, and Alaska Air.Inc. - Business -
Flood of Cheap Chinese Steel Fuels Global Backlash
The country’s property bust has saddled its steelmakers with a glut of unsold metal that they are now shipping overseas at knockdown prices.The Wall Street Journal - World -
Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.The Wall Street Journal - World -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Dunleavy disappointed Steph, Klay, Draymond won't play in playoffs
The Warriors' Hall of Fame trio won't make an NBA playoff appearance this year, and to Mike Dunleavy, it's a loss for basketball.Yahoo Sports - Sports -
P&G’s stock falls after a sales miss, as baby and health-care volumes declined
Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.MarketWatch - Business -
‘Playing against 14’: Michail Antonio hits out at officials after West Ham’s exit
Striker criticises refereeing after aggregate loss to LeverkusenDavid Moyes laments lack of ‘fresh legs’ but hails ‘terrific effort’ Michail Antonio hit out at the refereeing and said that it was like “playing against 14” after West Ham lost their ...The Guardian - World -
Beijing half marathon winner thrown out after trio slowed to let him win
All four athletes disqualified and forced to return prize moneySpecial committee issues apology but steers clear of fix talkOrganisers have revoked He Jie’s first place in the Beijing half marathon last weekend after an investigation confirmed ...The Guardian - World -
Jalen Hurts already impressed by Saquon Barkley after working out together this offseason
Hurts and Barkley have worked out together prior to the Eagles gathering for OTAsCBS Sports - Sports -
Duke 2024-25 roster tracker: Who's in, out after seventh Blue Devil enters transfer portal
Duke is bringing in the No. 1 overall recruiting class to campus this fallCBS Sports - Sports -
'30 Rock' actor says his 'heart goes out' to students after visit canceled over 'lifestyle'
A “30 Rock” actor said his “heart goes out” to students at a middle school in Pennsylvania after a scheduled event with him was canceled by the local school board. Maulik Pancholy, who is openly gay, said in a Thursday Instagram post he “learned ...The Hill - Politics -
Microsoft Games Are Having A Major Moment On The PS5 Best-Seller Charts
Microsoft courted controversy earlier this year when it announced it would start bringing formerly Xbox console-exclusive titles to PlayStation, but if the current PSN charts are anything to go by, the strategy seems to be working.A look at the ...GameSpot - Tech - Microsoft