Market Snapshot Us Stocks Trade Higher in Final Hour of Trade As Investors Wait for Inflation Update Earnings Reports
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Microsoft Earnings Jump on AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.The Wall Street Journal - Tech - Microsoft -
Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - World - United Kingdom -
Theatre funds and mega-investors edge out ‘angels’ in thriving West End
Individuals can invest as little as a few thousand into productions, but flops are an eternal riskFinancial Times - Business -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - Business - United Kingdom -
Coca-Cola and Pepsi face investors’ bubbling health concerns
Also in today’s newsletter, a new twist in the Science-Based Targets initiative dramaFinancial Times - World -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Big Shell investors urge others to back greater climate action
The shareholders say meeting the Paris Agreement goals is ‘essential to preserve the health of the global economy’Financial Times - Business - Climate -
An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
Some student loan borrowers have until April 30 to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.CNBC - Business -
Mom says she cuddled the wrong baby for hours after her newborn was swapped at birth
A U.K. mom says “the unthinkable happened” when she was handed the wrong baby in a hospital maternity ward and cared for the infant for several hours.NBC News - Top stories -
MLB bee delay: Dodgers vs. Diamondbacks pushed back nearly two hours due to swarm behind home plate
Arizona had to call in a beekeeper to Chase Field on Tuesday nightCBS Sports - Sports - MLB -
Red Bull confirm top F1 designer Adrian Newey’s exit as Ferrari wait in wings
Briton considered mastermind behind team’s dominanceFerrari reported to have had talks with NeweyAdrian Newey, the most successful Formula One car designer of the modern era is to leave Red Bull early in 2025, preparing the way for a potential ...The Guardian - World -
Metals Fall Ahead of Fed Policy Decision
Metal prices traded lower, with gold falling back below $2,300, as traders further temper expectations on the timing of U.S. interest-rate cuts this year.The Wall Street Journal - World - Federal Reserve -
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 -
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 - Business - Federal Reserve -
3 savings moves to make with inflation still rising
Inflation is on the rise, but that may be good news for savers. Here are three savvy savings moves to make now.CBS News - Top stories -
Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.The New York Times - Business -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.The Wall Street Journal - World -
UK inflation: From too high, to too low?
Time to ease the squeezeFinancial Times - World - United Kingdom -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Jerome Powell Isn't Too Worried About Inflation
The Federal Reserve Chairman offers a sunny view about prices and the economy.The Wall Street Journal - World -
Stalled Inflation Vexes the Fed. Is It Noise or a New Trend?
The fundamentals suggest inflation should still be headed down, but the Fed isn’t betting on that.The Wall Street Journal - World -
Starfield May Update
Learn more about the biggest update coming to Starfield on May 15th, 2024.GameSpot - Tech -
Tech, Media & Telecom Roundup: Market Talk
Read about Match Group, TPG Telecom and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
Tech, Media & Telecom Roundup: Market Talk
Read about Match Group, TPG Telecom and more in the latest Market Talks covering Technology, Media and Telecom.The Wall Street Journal - World -
Poland probes state oil group’s Swiss subsidiary for alleged Hizbollah links
Orlen Trading Switzerland investigated for losses on trades and potential connections to Iran-backed groupFinancial Times - World -
A Strong Job Market? Try Telling That to These Workers
Job seekers say getting hired is deceptively hard, and recruiters agree that qualified candidates are often passed over.The Wall Street Journal - World -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
Jabeur stunned by Keys in Madrid quarter-finals
Madison Keys sets up a semi-final with top seed Iga Swiatek by producing a brilliant comeback against Ons Jabeur at the Madrid Open.BBC News - Top stories -
Vinicius' double earns Real draw with Bayern
Vinicius Junior scores twice as Real Madrid come away with a draw in the first leg of their Champions League semi-final tie with Bayern Munich.BBC News - Top stories -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
Nadal falls to Lehecka in final Madrid Open match
Rafael Nadal says it has been an "emotional week" after he played his final match at the Madrid Open.BBC News - Top stories - US Open -
Nadal falls to Lehecka in final Madrid Open match
Rafael Nadal says it has been an "emotional week" after he played his final match at the Madrid Open.Yahoo Sports - Sports - US Open -
O’Sullivan & Trump suffer shock quarter-final defeats
Seven-time champion Ronnie O’Sullivan and Judd Trump both suffer shock defeats in the quarter-finals of the World Championship at the Crucible Theatre in Sheffield.BBC News - Top stories - Donald Trump -
Europa League: previews and predictions for the semi-finals
The ties begin on Thursday night, with Marseille hosting Atalanta and Roma facing Bayer Leverkusen. By Ben McAleer for WhoScored. Roma left it late to rescue a result at the weekend, with Tammy Abraham coming off the bench to score in the 88th ...The Guardian - World -
'Magnificent' Jones shocks Trump to reach semi-finals
Watch the closing stages of Jak Jones' surprise 13-9 victory over Judd Trump to reach the semi-finals of the World Snooker Championship at The Crucible, Sheffield.BBC News - Top stories - Donald Trump -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business -
Eli Lilly assures investors it can overcome the high-quality problem of too much demand
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.CNBC - Business -
Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21
Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.CNBC - Business -
Guidance updated for breast cancer screenings
The U.S. Preventive Services Task Force is recommending women get a mammogram every other year, starting at age 40. Dr. Celine Gounder, a CBS News medical contributor and editor-at-large for public health at KFF Health News, explains.CBS News - Top stories