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This century-old stock-market indicator suggests selloff is far from over
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A Megaraptor Emerges From Footprint Fossils, Study Suggests
A series of foot tracks in southeastern China points to the discovery of a giant velociraptor relative, paleontologists suggest in a new study.The New York Times - Science -
Portuguese-flagged ship is hit far in Arabian Sea, raising concerns over Houthi rebel capabilities
A Portuguese-flagged container ship has come under attack by a drone in the far reaches of the Arabian SeaABC News - World -
The Stock Market Could Be Calmer
The Fed’s interference creates volatility and raises capital costs.The Wall Street Journal - World -
Friends From the Old Neighborhood Turn Rivals in Big Tech’s A.I. Race
Demis Hassabis and Mustafa Suleyman, who both grew up in London, feared a corporate rush to build artificial intelligence. Now they’re driving that competition at Google and Microsoft.The New York Times - Tech -
Trudeau’s Tory Rival Ejected From Parliament Over ‘Wacko’ Insult
Yahoo News - World -
Here's everything to expect from the Fed meeting that will move markets on Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.CNBC - Business - Federal Reserve -
A message from the IMF on how to fix the EU’s ‘limping’ single market
Also in this newsletter: former executive of a scandal-embroiled Polish oil group is running for a seat in EU parliamentFinancial Times - World -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Japanese government spent $35bn to prop up yen, BoJ figures suggest
Central bank data all but confirms Monday’s market intervention, as currency resumes slide against US dollarFinancial Times - World -
London mayoralty contest may be tighter than polls suggest
How local election results will play out; plus, Sunak will be anxious to hear if Tory incumbent Andy Street clinches West MidlandsFinancial Times - World
More from MarketWatch
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Why ‘sell in May and go away’ could be a bit premature for stocks, according to one chart
The U.S. stock market has kicked off May trading mostly lower, with the S&P 500 down Wednesday after slumping in April.MarketWatch - Business -
Carvana’s stock rallies more than 30% on surprise profit for used-car retailer
Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.MarketWatch - Business -
Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%
Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.MarketWatch - Business -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.MarketWatch - Business -
Etsy shares plunge 12% on decline in gross merchandise sales
Etsy Inc.’s stock plunged 16% in after-hours trading Wednesday after the company posted quarterly results that included a decline in gross merchandise sales.MarketWatch - Business