Tech Gains and Rise in Jobless Claims Lift Us Stocks
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Jobless claims fall slightly to 210,000, underscoring strong labor market
The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.MarketWatch - Business -
AMC’s stock registers biggest gain in a month
The movie-theater chain’s shares saw their largest daily percentage gain since Feb. 27.MarketWatch - Business -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
Final Fantasy XVI: The Rising Tide looks to lift Jill
We had a chance to chat with FF16 producer Naoki Yoshida and DLC director Takeo KujiraokaVentureBeat - Tech -
Are Chinese Tech Stocks Value Plays Now?
Investors are excited about U.S. artificial intelligence, less so about cash-generating Chinese tech. That might—eventually—create some opportunities.The Wall Street Journal - World - China -
Insurers Report Rising Hail Damage Claims
Inflation is driving up the cost of materials and labor to repair roofs and cars. Adding to insurers’ costs is increased development in areas affected by severe storms.The New York Times - Business -
Boeing CEO Dave Calhoun leaving the company seen as good news for the stock
Steve Mollenkopf elected to become board chair, and will lead efforts to select next CEO.MarketWatch - Business -
Masimo’s stock gains on report of activist campaign, disclosure of spinoff plan
Masimo Corp.’s stock was up by nearly 4% on Monday after Politan Capital Management said it plans to nominate two more members to the patient-monitoring-technology company’s board.MarketWatch - Business -
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.MarketWatch - Business -
Thiel, Bezos and Zuckerberg join parade of insiders selling tech stocks
Bosses sell hundreds of millions of dollars in company shares this quarter in sign that markets may be peakingFinancial Times - Business -
Workplace neurodiversity claims spur companies to seek legal help
Employers find staff often cite conditions such as autism and ADHD during performance management reviewsFinancial Times - Business -
The US Claims Apple Has a Stranglehold on the Future
The Department of Justice antitrust lawsuit against Apple says the company’s grip on iPhone users and developers is blocking future innovation in tech.Wired - Tech - Apple -
These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains
The Club's two chipmakers and its lone automaker were among the top-performing portfolio stocks this week.CNBC - Business -
Krispy Kreme soars 40% on deal with McDonald’s to sell its doughnuts nationwide
Krispy Kreme’s stock soared Tuesday, after the doughnut seller said its doughnuts will start becoming available at all of the fast-food giant’s U.S. restaurants.MarketWatch - Business -
Micron’s stock heads for best month in 13 years as bulls see more AI gains ahead
Micron has cemented itself in Wall Street’s eyes as a financial beneficiary of artificial intelligence, and investors are excited about what’s to come.MarketWatch - Business -
U.S. stocks rose, with the S&P 500 adding 0.9% to close at a record and the Dow and Nasdaq gaining 1.2% and 0.5%, respectively.
U.S. stocks rose, with the S&P 500 adding 0.9% to close at a record and the Dow and Nasdaq gaining 1.2% and 0.5%, respectively.The Wall Street Journal - World -
Vista Outdoor’s stock rises on boosted $3 billion acquisition offer
MNC ups its take-private price to $37.50 a share from $35 a share.MarketWatch - Business -
Amazon writes its largest venture cheque yet for AI start-up Anthropic
$2.75bn deal is the latest sign of Big Tech’s race to capitalise on the booming sectorFinancial Times - Business - Amazon -
Leaders of some of the biggest U.S. tech companies are getting extraordinary paydays thanks to restricted stock and stock options that rose with their employers' share prices.
Leaders of some of the biggest U.S. tech companies are getting extraordinary paydays thanks to restricted stock and stock options that rose with their employers’ share prices.The Wall Street Journal - World -
China and Russia challenge US claim to mineral-rich stretches of seabed
Critics say Biden administration risks losing race to mine resources in international watersFinancial Times - World - China -
UK’s ‘staggeringly cheap’ stocks trade at record discount to US
After years of underperformance, some investors eye bargains on London marketFinancial Times - Business -
Individual investors are buying fewer stocks, but using more leverage
Individual investors are flocking to leveraged ETFs, leaving them more susceptible to pullbacks, analysts warn.MarketWatch - Business -
Children of the flood: what can lands lost to rising waters tell us?
From Atlantis to Noah, humans have always been fascinated by stories of sunken lands. But what do modern losses, such as Pett Level in Sussex and Isle de Jean Charles in Louisiana, say about our climate-change predicament?. When writer Gareth E ...The Guardian - World -
Sinking US cities increase risk of flooding from rising sea levels
Subsidence linked to extraction of groundwater and natural gas, and weight of buildings pressing into soft ground. A number of cities on the US east coast are sinking, increasing the risk of flooding from rising sea levels.. Between 2007 and 2020 ...The Guardian - World -
Russia-Ukraine war live: 200,000 without power in Ukraine since Friday; Nato could ‘shoot down Russian missiles near borders’
Attack on energy infrastructure on last week still causing blackouts; Poland’s deputy foreign minister warns Russia of consequences if missiles enter territory. The Kremlin has refused to be drawn on whether it believed there was a link between ...The Guardian - World - Ukraine -
Justice Department sues Apple and alleges the tech giant has maintained an illegal monopoly on smartphones in the US
Justice Department sues Apple and alleges the tech giant has maintained an illegal monopoly on smartphones in the USABC News - Tech -
China reportedly seeks to block Intel, AMD and Microsoft tech from being used in government computers
Beijing has introduced new procurement guidelines that seek to promote use of Chinese techMarketWatch - Business - China -
China to Lift Tariffs on Australian Wine, as Frosty Relations Thaw
China will lift tariffs on imports of Australian wine after more than three years, marking steadily warming ties between the countries and testing the appetite of Australia’s producers to return to one of the world’s most lucrative markets.The Wall Street Journal - World - China -
Dow Wavers After Inching Closer to 40000
Stocks were little changed but the S&P 500 remained on track to notch its best start to a year since 2019.The Wall Street Journal - World -
Trump Media stock jumps as much as 50% after DJT ticker debut
Donald Trump last used the DJT stock ticker for a casino and hotel operator. He is hoping his social media company does better than the last firm did.CNBC - Business - Donald Trump -
What could spark the next stock-market selloff? Here’s what history tells us.
The S&P 500 has marched higher by nearly 30% over the past five months, prompting even bullish market strategists to entertain, or even welcome, the prospect of a “healthy” correction.MarketWatch - Business -
US small-caps suffer worst run against larger stocks in over 20 years
Unusually big performance gap opens up as investors drive up big tech stocks while interest rates hurt smaller companiesFinancial Times - Business -
Court lifts block on Telegram message service in Spain
Yahoo News - World -
China Lifts Punishing Tariffs on Australian Wine
Despite its thirst for Australian wine, China had taxed the imports in 2020 over a dispute about Covid-19.The New York Times - Business - China -
‘At war with myself’: with gambling on the rise in the US, young addicts seek solace in an old program
Inside Gambling Anonymous, the 12-step program offering compulsive gamblers help, and hope. Each man enters the room, one by one, escaping the dark night outside. Before long some two dozen are sitting in a horseshoe. They hail from different ...The Guardian - World -
Brussels blasts Big Tech
Also in this newsletter: UN Security Council calls for ceasefire in Gaza, UK accuses China of cyber attacks, neurodiversity in the workplaceFinancial Times - World -
Federal Reserve Expected to Cut Rates, Lift Biden's Prospects
A midyear cut could lower borrowing costs and drop mortgage rates ahead of the election.Inc. - Business - Federal Reserve -
Boeing chief’s exit is not enough to lift aerospace group’s shares
It could take years for the company to find its way back to its engineering rootsFinancial Times - Business -
Curry shows fire, lifts Dubs after Green's ejection
Stephen Curry kicked a few chairs after a late 3-pointer sealed the Warriors' win over the Magic, "letting out a little steam" in a game that began with Draymond Green being ejected in the first quarter.ESPN - Sports -
China lifts heavy tariffs on Australian wine as ties improve
Yahoo News - World - China