Qualcomm Revenue Falls 12 Guidance Implies More Pain This Quarter
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Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platformsABC News - Tech -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
Stock-market pessimism is climbing. Why it’s still not bad enough to imply stocks hit a bottom.
Stocks could have more room to fall before they touch bottom, says Tom Essaye, founder of Sevens Report Research.MarketWatch - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Meta shares fall as it predicts higher expenditure on AI
Facebook and Instagram parent steps up investment as Big Tech jockeys for position in the sectorFinancial Times - Business -
SK Hynix Returns to Net Profit After Five-Quarter Losing Streak
The company is gaining from the artificial-intelligence boom that has boosted demand for more advanced and high-end memory chips.The Wall Street Journal - Tech -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.CNBC - Business -
Ford tops first-quarter earnings estimates as commercial unit offsets EV losses
Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.CNBC - Business -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Biden campaign will continue to use TikTok despite divest-or-ban law
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger votersFinancial Times - World - Joe Biden -
Chinese woman charged in UK with criminal possession of crypto
Yadi Zhang made initial appearance at Westminster Magistrates Court on WednesdayFinancial Times - World - United Kingdom -
Biden campaign will continue to use TikTok despite divest-or-ban law
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger votersFinancial Times - World - Joe Biden -
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - World -
Democrats seen as more successful at passing legislation: Survey
Democrats are seen as more successful at passing legislation in the House of Representatives than their party counterparts, according to a new Monmouth University poll. More than half of Americans surveyed, 53 percent, said that Democrats have ...The Hill - Politics -
The FTC Decrees: No More Non-Compete Agreements
Lina Khan’s latest rule instantly invalidates 30 million contracts without Congressional authority.The Wall Street Journal - World -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
More doctors can prescribe a leading addiction treatment. Why aren't more people getting help?
A new study finds little change in the number of people taking a key medicine for opioid addiction even though it’s now easier for doctors to prescribe itABC News - Health -
Premier League: Everton beat Liverpool to dent Reds' title hopes
Follow 5 Live coverage & live text commentary as Everton host Liverpool, plus three more fixtures in the Premier League.BBC News - Top stories - Premier League -
Nurse who stole more than £100k from patients jailed
He forged the signature of an elderly woman who was incapable of holding a pen, say police.BBC News - Top stories -
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Meta’s Profits More Than Double, While Spending on A.I. Rises
The owner of Facebook, Instagram and WhatsApp continued to grow, even as it said it would spend billions of dollars more on artificial intelligence.The New York Times - Business -
Bird Flu Is Infecting More Mammals. What Does That Mean for Us?
H5N1, an avian flu virus, has killed tens of thousands of marine mammals, and infiltrated American livestock for the first time. Scientists are working quickly to assess how it is evolving and how much of a risk it poses to humans.The New York Times - Health -
Chicago Bears' new stadium plans revealed, from roof to plaza and more
The Bears on Wednesday gave fans and all of Chicago a first look at what they're planning to build along the city's lakefront, announcing everything from a location to roofing plans to green space to plaza details.Yahoo Sports - Sports -
More cows are being tested and tracked for bird flu. Here's what that means
U.S. health and agriculture officials are ramping up testing and tracking of bird flu in dairy cows in an urgent effort to understand and stop the growing outbreakABC News - Tech -
Lions agree to contract extensions with St. Brown and Sewell worth combined $200M, AP source says
The Detroit Lions have invested in their future, keeping a pair of All-Pro players under contract for the next five seasonsABC News - Sports -
The Cheap Seats: Which pitchers could surpass 200 IP, when to trust a reliever and more
Fantasy baseball analyst Scott Pianowski talks pitching, The Sopranos and more in his latest mailbag.Yahoo Sports - Sports -
French strike forces Ryanair to cancel more than 300 flights across Europe
Ryanair urges European Commission to protect overflights and keep EU skies open. Ryanair has demanded that the EU reform its skies after the airline was forced to cancel more than 300 flights across Europe scheduled for Thursday because of a ...The Guardian - World -
Kid Cudi cancels tour: Ankle broken at Coachella is 'much more serious,' needs surgery
Kid Cudi cancels his Insano: Engage the Rage World Tour, saying his broken ankle is 'much more serious' than he first thought. He said he's undergoing surgery.Los Angeles Times - Entertainment -
“You get so much more choice”: How the Japanese Fender offset conquered the world
Yahoo News - World -
Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'
Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.CNBC - Business - Donald Trump -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 129 hostages abducted on Oct. 7 remain in captivity in Gaza, including the bodies of at least 34.The Wall Street Journal - World - Israel -
The best Callaway golf deals on clubs, rangefinders, golf shoes and more ahead of Memorial Day
We found the best deals on Callaway rangefinders, golf clubs, apparel and more just in time for golf season.CBS Sports - Sports -
Bears request more than $2 billion in public money to fund $4.6 billion stadium project
The numbers for the Bears' proposed stadium project are astounding.Yahoo Sports - Sports -
Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'
Shares of Trump Media shot up more than 9% on Wednesday, hours after the company revealed it was urging House Republican committee leaders to investigate possible “unlawful manipulation” of its stock.NBC News - Top stories - Donald Trump -
Ousmane Dembele's prolific PSG form means Champions League semifinalists are more than just Kylian Mbappe
Kylian Mbappe returned to the Parisien XI with two goals and an assist in Lorient, but Dembele's rise has been equally vitalCBS Sports - Sports - UEFA Champions League -
2024 NFL Mock Draft: Betting market puts Byron Murphy in top 10, plus how odds predict more than 50 players
This mock draft captures how various betting markets are projecting Round 1 and moreCBS Sports - Sports - NFL