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AB Foods Eyes Further Profit Growth as Primark Margins Rise
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Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
Eye Opener: Police crack down on campus protests against the war in Gaza
Another police crackdown on campus protests against the war in Gaza. Also, powerful storms in Texas bring tornadoes, flash flooding and mandatory evacuations. All that and all that matters in today’s Eye Opener.CBS News - Top stories -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business -
Live Updates: U.S. Job Growth Slows
The economy added 175,000 jobs in April, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
'Eye of the storm': Julen Lopetegui on how managers deal with pressure, Premier League links and more
Julen Lopetegui speaks about his next move, what life is like for a coach who is between jobs, what goes into recruiting top players and much more.ESPN - Sports -
College football bowl game schedule likely eyeing expansion as revenue-sharing model would curb opt-out trend
Expansion is the hot trend in all corners of college athletics, and the NCAA transformation committee has made it clear more postseason opportunities are desired in all sportsCBS Sports - Sports - College Football -
Flight Centre's Top Executive Sees Growth Without Major M&A
Flight Centre’s top executive says the Australia-based travel company is well-positioned to grow without more major deals, though smaller acquisitions are still possible in specialized areas.The Wall Street Journal - World -
Yellen Calls Threats to Democracy Risks to U.S. Economic Growth
In a rare comment on politics--and an indirect swipe at former President Donald Trump--the Treasury Secretary says "democracy is critical to building and sustaining a strong economy."Inc. - Business
More from The Wall Street Journal
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Sony, Apollo Make $26 Billion All-Cash Offer for Paramount
Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.The Wall Street Journal - Business -
Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.
The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers.The Wall Street Journal - Business -
The Universal Music-TikTok Spat Is Over. Here's What Artists Won.
The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February.The Wall Street Journal - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Former Pioneer CEO Is Accused of Trying to Collude With OPEC
The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.The Wall Street Journal - Business