Netflix Profits Surge after Passwordsharing Crackdown
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Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”MarketWatch - Business -
Applications for Skilled Worker Visas Drop Sharply After Crackdown
Efforts to curb fraud in the H-1B lottery program are paying off, says U.S. Citizenship and Immigration Services, which worked to halt abuse of the process.Inc. - Business -
UK households cut back on beer, meat and domestic appliances after prices surge
FT analysis of official data points to impact of cost of living crisis on consumptionFinancial Times - Business - United Kingdom -
NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.CNBC - Business -
India’s Master of Nostalgia Takes His Sweeping Vision to Netflix
Sanjay Leela Bhansali’s films are known for splendor, grandiosity and obsessive attention to light and detail. Will that translate to smaller screens?The New York Times - World - Netflix -
India’s Master of Nostalgia Takes His Sweeping Vision to Netflix
Sanjay Leela Bhansali’s films are known for splendor, grandiosity and obsessive attention to light and detail. Will that translate to smaller screens?The New York Times - Top stories - Netflix -
Crackdown or compromise? A tale of two US campus protests
One sent in the police, the other struck a deal with students. But why have responses been so wildly different?BBC News - Top stories -
Crackdowns and concessions: Student protests enter new phase
Colleges are taking more definitive action to end the pro-Palestinian student protests that have sprung up nationwide, either through police force or peaceful agreement between demonstrators and campus leaders. Multiple universities this week ...The Hill - Politics -
Longtime Patriots coach Bill Belichick set to roast Tom Brady in new Netflix special
Bill Belichick, Julian Edelman, Rob Gronkowski, Drew Bledsoe and Randy Moss are all set to participate in “The Greatest Roast of All Time: Tom Brady” on Sunday.Yahoo Sports - Sports - NFL -
China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says
Coerced laborers are being moved out of Xinjiang as China makes efforts to frustrate supply-chain due diligence, a Labor Department official says.The Wall Street Journal - World - Joe Biden -
Georgia condemned for crackdown on protesters opposing ‘foreign agents’ bill
EU leads calls for halt to escalating violence after police use water cannon, teargas and stun grenades against demonstrators. Western politicians and diplomats have called for a halt to spiralling violence in Georgia after security forces used ...The Guardian - World -
Hundreds of Protesters Arrested as Universities Blame Outsiders for Escalating Violence
Police cracked down on pro-Palestinian encampments at Columbia, UCLA and other college campuses.The Wall Street Journal - World -
Hundreds of Protesters Arrested as Universities Blame Outsiders for Escalating Violence
Police cracked down on pro-Palestinian encampments at Columbia, UCLA and other college campuses.The Wall Street Journal - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Clariant Confirms Outlook as Profits Rise
Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and a strong performance at its aviation business.The Wall Street Journal - Business -
Haleon Keeps Outlook as Profits Rise
Haleon reported a 2% rise in underlying profits for the first quarter despite lower revenue, and maintained its full-year guidance and buyback plan.The Wall Street Journal - World -
Standard Chartered beats profit forecasts on back of higher interest rates
Emerging-markets lender reports $1.9bn in first-quarter pre-tax profitsFinancial Times - Business -
Cannabis stocks surge as Biden administration moves to reclassify marijuana
Stocks linked to cannabis surged on an otherwise down day for the market.CNBC - Business - Joe Biden -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
New research shows how a surge of anger could raise heart attack risk
Is anger linked to heart attacks? New research finds that a bout of anger impairs blood vessel function which can raise the risk of atherosclerosis, which in turn raises heart disease risk.NBC News - Top stories -
Surge in maritime violence boosts demand for private security forces
Shipowners pay for advice and armed guards as navies unable to fully protect vessels from pirates and Houthi attacksFinancial Times - Business -
Fallout 4 Mods That Remove Next-Gen Update Are Surging In Popularity
Bethesda dropped Fallout 4's next-gen update earlier in April, and it's fair to say that it's garnered a mixed reception from players--mostly thanks to technical issues and mod compatibility problems. Now, PC mods that remove the next-gen update ...GameSpot - Tech -
Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.CNBC - Business -
Yen surges against U.S. dollar amid fears of further intervention
Japan’s yen violently strengthened against the U.S. dollar late Wednesday, sparking suspicions of intervention by Japanese authorities.MarketWatch - Business -
As India votes, misinformation surges on social media: 'The whole country is paying the price'
Misinformation about India's election is surging online as the world's most populous country votesABC News - World - India -
US campus protests: hundreds of police in riot gear gather at UCLA as students threatened with arrest – live
Police in California prepare to clear out more than 1,000 pro-Palestinian protesters amid crackdown on student demonstrations across the US. Full report: UCLA students in standoff with policeColumbia faculty ‘horrified’ by mass arrests of ...The Guardian - World -
OMV Profit Tops Hopes, Keeps Outlook
OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.The Wall Street Journal - Business -
Santander Confirms Outlook Despite Profit Miss
Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial targets.The Wall Street Journal - Business -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
GSK Upgrades Targets as Core Profits Jump
GSK lifted its full-year guidance after first-quarter core earnings rose 28%, helped by higher sales of vaccines and specialty medicines .The Wall Street Journal - World -
NAB's Profit Falls; Increases Share Buyback
Australia’s second-largest lender by market capitalization reported a 12% decline in half-year net profit and announced it will increase its share buyback by $980 million.The Wall Street Journal - World -
Standard Chartered Posts Higher Profit on Trading Gains
The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.The Wall Street Journal - World -
Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.MarketWatch - Business -
Ricciardo opens up on criticism in fickle world of F1, surge of popularity in U.S. and more
Daniel Ricciardo talks about the pressures of Formula 1, struggles he's facing and why he loves American sports.ESPN - Sports -
U.S. crude oil falls to $79 a barrel, seven-week low as stockpiles surge on lackluster demand
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.CNBC - Business -
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 - Business - United Kingdom -
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 -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.CNBC - Business - Amazon