Samsung S Consumer Products Ceo Expects Tech Slump to Persist
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WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.The Wall Street Journal - World -
WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.The Wall Street Journal - Business -
STMicroelectronics slashes guidance over slump in automotive industry
The Swiss chipmaker reported an 18.4% drop in its first-quarter sales as it cut its guidance for the year.MarketWatch - Business -
Wanted: A CEO to Fix Boeing
The plane maker, which is searching for a new chief executive, is likely to consider a small number of people, including several former Boeing executives.The New York Times - Top stories -
Colorado Bill Aims to Protect Consumer Brain Data
In a first, a Colorado law extends privacy rights to the neural data increasingly coveted by technology companies.The New York Times - Science -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - Business -
Salesforce Unveils New Feature to Boost Sales Productivity
Salesforce's new Slack community, Salesblazer, is up and running.Inc. - Business -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Adyen shares slump as payments processor meets revenue estimates
Shares of Adyen slumped Thursday as the payments processor met revenue expectations even after processing more volume than anticipated.MarketWatch - Business -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.The Wall Street Journal - World -
Israel Prepares Gradual Rafah Offensive
Responding to U.S. and international pressure, Israel is scrapping plans for an all-out assault in favor of an approach that seeks to limit civilian casualties.The Wall Street Journal - World - Israel -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production
The aircraft maker has cut production to fix quality problems after door-panel blowout.The Wall Street Journal - World -
Some Anti-Israel Protesters Are Paid
Rockefeller and Soros grants are subsidizing those who disrupt college campuses.The Wall Street Journal - World - Israel -
Ecuador's Former Comptroller General Convicted in Case Tied to Odebrecht
Carlos Ramon Polit Faggioni was convicted in Miami of accepting more than $10 million in bribes from the Brazilian construction company.The Wall Street Journal - World -
It's One of the Last Pristine Coral Reefs on Earth. Should We Be Visiting It?
The Raja Ampat archipelago of Indonesia looms large in the imaginations of underwater adventurers. But by visiting its relatively untouched reefs are we protecting them—or threatening them?The Wall Street Journal - World -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - World -
Designing for the future of business and tech: Tailor Brands and Dotz take charge
CONTRIBUTOR CONTENT: Innovation serves as a key ingredient in designing the future and shaping the world humanity inhabits. It stands as the driving force behind progress, continually pushing boundaries and challenging norms. Through innovation, ...VentureBeat - Tech -
Lawsuit vs. ex-Texas Tech guard Isaacs dismissed
A civil lawsuit that accused former Texas Tech basketball player Pop Isaacs of sexually assaulting a 17-year-old girl during a team trip to the Bahamas in November has been dismissed, according to attorneys for both sides.ESPN - Sports -
Meta unveils less ‘sanctimonious’ AI model as tech rivalry heats up
Facebook parent claims Llama 3 takes a fresh step towards human-level intelligenceFinancial Times - Business - Meta -
Chipotle says it’s seen no impact yet on consumers from California wage increases
Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items.MarketWatch - Business - California -
As Biden celebrates computer chip factories, voters wait for the promised production to start
President Joe Biden has a great economic story to tell voters a decade from now — less so in 2024ABC News - Tech - Joe Biden -
Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn
Green Finance Institute report said further pollution could cut 12% off GDP by 2030s. The destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and ...The Guardian - World - United Kingdom -
Embracer's Name Is Going Away, CEO Denies It's Due To Backlash And Controversy
Video game giant Embracer won't have that name for much longer. As part of the company's recent announcement that it's splitting into three distinct companies, the Swedish giant also confirmed that the name Embracer is going away.. Current ...GameSpot - Tech -
Nvidia CEO Jensen Huang personally delivers first DGX H200 to OpenAI
Nvidia CEO Jensen Huang personally delivers the groundbreaking DGX H200 AI processor to OpenAI, heralding significant advancements in AI technology and research capabilities.VentureBeat - Tech -
The flight attendant who became CEO hopes more women will make it to the top
Yahoo News - World -
Elon Musk Is a Once-in-a-Lifetime Leader. But Is He Really Worth 250 CEOs?
Tesla's record-breaking CEO pay was voided in court. The board just asked shareholders to vote it in again.Inc. - Business - Elon Musk -
JPMorgan CEO Jamie Dimon Gives a Soft Landing Long Odds
In an interview with WSJ Editor in Chief Emma Tucker, JPMorgan CEO Jamie Dimon says the U.S. consumer is in good shape right now, but a huge fiscal deficit and geopolitical challenges make him cautious about the future.The Wall Street Journal - World -
Big Tech has split into 3 camps: loved, hated and iffy. Here's where our 8 stocks fit
The divided market, especially in tech, was a major theme in the Club's April Monthly Meeting.CNBC - Business -
Here’s a rapid-fire update on all 33 portfolio stocks including our tech giants reporting this week
During the Investing Club's Monthly Meeting on Wednesday, Jim Cramer offered his updated thinking on the stocks in the portfolio.CNBC - Business -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
Jeff Bezos isn't a fan of 'time blocking'—here's what he does instead to boost his productivity
Jeff Bezos doesn't time block or stick to a strict schedule to be successful and productive. Instead, he allots however much time he needs for mind wandering.CNBC - Business