Market Snapshot Us Stocks Trade Higher in Final Hour of Trade As Investors Wait for Inflation Update Earnings Reports
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Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Japan is haunted by a return to emerging-economy status
The battering sustained by the yen since January is causing alarm in some quartersFinancial Times - World - Japan -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Rishi Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and eleven mayoralties in England and WalesFinancial Times - World -
Big Tech caught up in AI frenzy
Also in this newsletter: Houthis expand attacks, England and Wales go to the polls, warning on global povertyFinancial Times - World -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
Politics trumps patents for Ireland
A planned public vote on joining an EU body focused on IP protection has been scrappedFinancial Times - World - Donald Trump -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
Cannabis stocks rally after report that DEA will reclassify drug as less dangerous
Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose moving cannabis to a Schedule III controlled substance.MarketWatch - Business -
Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks
The veteran investor’s recipe: Find a good business with good management, buy the stock at a reasonable price and hold long-term.MarketWatch - Business -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Taco Bell parent Yum Brands’ stock slides on first-quarter earnings and revenue miss
Yum Brands’ CEO David Gibbs described “a difficult operating environment” during the first quarter.MarketWatch - Business -
Kristaps Porzingis injury update: Celtics big man likely will miss second-round playoff series, per report
Porzingis hurt his calf in Game 4 against the Heat on MondayCBS Sports - Sports - NBA -
Stop children using smartphones until they are 13, says French report
Children should be banned from most social media until 18 amid attempts to ‘monetise’ them, says Macron-commissioned study. Children should not be allowed to use smartphones until they are 13 and should be banned from accessing conventional social ...The Guardian - World -
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 -
Carvana’s stock rallies more than 30% on surprise profit for used-car retailer
Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.MarketWatch - Business -
Inflation Is Exhausting
Feeding the family in an era of Washington mismanagement.The Wall Street Journal - World - Inflation -
Top New York prosecutor says 280 people arrested at campus protests; independent review into UCLA violence – live
Alvin Bragg does not confirm reports of “outside agitators” infiltrating student-led protests; University of California orders review of lack of policing. Full report: crackdowns intensify on US campus protestsColumbia faculty ‘horrified’ by mass ...The Guardian - World - New York -
Democrats accuse Big Oil of climate change ‘denial and doublespeak’
Three-year congressional investigation unearths internal industry documentsFinancial Times - World - Climate -
Flatiron Software unveils Snapshot Reviews, an AI tool for analyzing developer code and performance
Flatiron unveils Snapshot Reviews, an AI-powered tool that analyzes developer code and performance, providing engineering leaders with insights to optimize their teams.VentureBeat - Tech -
Shares of two big online education stocks tank more than 10% as students use ChatGPT
Chegg and Coursera both sank more than 10% in trading Tuesday, a day after issuing disappointing guidance.CNBC - Business -
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 -
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 -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
German employers urge longer hours as workers celebrate Workers' Day
Yahoo News - World - Germany -
DBS Earnings Beat Expectations
Singapore’s biggest bank by assets said its first-quarter net profit rose on higher fee and commission income, and expects to deliver strong shareholder returns this yearThe Wall Street Journal - World -
Beyoncé Has Finally Changed Fashion
It’s now impossible to see a cowboy hat or pair of cowboy boots and not think of her.The New York Times - Lifestyle