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U.S. Economy Grew at 1.6% Rate in First Quarter
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Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
The U.S. economy and stocks have likely dodged a recession: El-Erian
The U.S. is the sole major engine of global growth in an increasingly less-stable world.MarketWatch - Business -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities tradingFinancial Times - Business -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - World -
Wegovy maker Novo Nordisk extends losses following first-quarter results
Analysts pored over the details in its first-quarter results and monitored a potential rival weight loss treatment.CNBC - Business
More from The New York Times
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Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. It’s not clear how quickly other companies will fill the gap.The New York Times - Business - Tesla -
How Scammers Are Stealing Money From Food Stamps Recipients
Thieves are using skimmers to drain millions in food stamps and other public benefits from the neediest Americans.The New York Times - Business -
Berkshire Reports Strong Earnings and Formidable Cash Stockpile
The company also disclosed in its first-quarter earnings that it had trimmed its stake in Apple, but Warren Buffett, its C.E.O., said he remained a fan of Apple.The New York Times - Business -
Billionaire Donor Barry Sternlicht Assails Brown’s Deal With Protesters
The real estate mogul Barry Sternlicht’s scathing criticism of his alma mater is the most immediate blowback against the school’s deal to end protests on campus.The New York Times - Business -
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.The New York Times - Business