Us Stocks Pare Gains after Fed Minutes Signal Continued Tightening
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Cannabis stocks rally after report that DEA will reclassify drug as less dangerous
Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose moving cannabis to a Schedule III controlled substance.MarketWatch - Business -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
Norwegian Cruise’s stock falls after revenue missed, despite record bookings
Norwegian Cruise’s stock slumped Wednesday, after the cruise operator beat first-quarter profit expectations and raised its full-year outlook amid continued record demand, but missed revenue expectations for the first time in seven quarters.MarketWatch - Business -
Super Micro plummets 14% after posting revenue miss
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.CNBC - Business -
Cannabis stocks pull back after rallying on DEA’s plans to reclassify marijuana
Canopy Growth Corp., Tilray Brands Inc. and Curaleaf Holdings Inc. were among cannabis stocks that were sliding into the red on Wednesday, a day after news of the federal government’s plans to reclassify marijuana.MarketWatch - Business -
Qualcomm earnings benefited from AI-enabled devices, and there’s more potential ahead
This hasn’t been a pretty earnings season for prominent chip companies so far, but Qualcomm is breaking from the mold.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 -
Beijing tightens grip on China social media giants
Yahoo News - World - China -
5 Minutes That Will Make You Love Jazz Bass
Writers, scholars, radio hosts and musicians, including the bassist Ron Carter, share songs that shine a light on an instrument that lays the foundation of jazz.The New York Times - Top stories -
Why you should open a long-term CD after this week's Fed meeting
With the latest Federal Reserve meeting underway, there's a compelling case to be made for opening a long-term CD now.CBS News - Top stories - Federal Reserve -
Treasury yields end at lowest levels in at least a week after Fed’s Powell sees unlikely chance of a rate hike
Yields on U.S. government debt finished at their lowest levels in a week or more on Wednesday, after Federal Reserve Chair Jerome Powell delivered comments seen as more dovish comments than what was implied by the central bank’s own policy statement.MarketWatch - Business -
KFC, Pizza Hut Feel Pinch From Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, hurt by a slowdown in the Middle East.The Wall Street Journal - World -
KFC, Pizza Hut Feel Consumers' Tightening Restaurant Budgets
Yum Brands, the parent company of the chains, reported a 3% quarterly decline in global same-store sales, becoming the latest restaurant operator to report lower-than-expected sales.The Wall Street Journal - World -
U.S. bans most uses of paint-stripping solvent after dozens of deaths
Methylene chloride, a toxic chemical, is linked to at least 88 deaths since 1980, federal regulators say.CBS News - Top stories -
Shares of two big online education stocks tank more than 10% as students use ChatGPT
Chegg and Coursera both sank more than 10% in trading Tuesday, a day after issuing disappointing guidance.CNBC - Business -
Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more
These are the stocks posting the largest moves in extended trading.CNBC - Business - Stock Market -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”MarketWatch - Business -
New York Community Bancorp’s stock jumps more than 30% after reporting narrower-than-expected loss
New CEO Joseph Otting sees a “path to profitability” in the next two years.MarketWatch - Business - New York -
The Papers: '22 minutes of horror' and new prostate cancer hope
Wednesday's front pages are dominated by the attacks in Hainault, north-east London.BBC News - Top stories -
Best last minute Mother's Day gifts for your grandma in 2024
Show grandma how much you appreciate her with the best Mother's Day gift this year.CBS News - Top stories -
Trump held in contempt as "hush money" trial continues
Former President Trump was held in contempt and threatened with jail time for violating the gag order in his criminal "hush money" trial. Tuesday's proceedings also heard testimony from Stormy Daniels' former lawyer. Jericka Duncan reports.CBS News - Top stories - Donald Trump -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Trump held in contempt as "hush money" trial continues
Former President Trump was held in contempt and threatened with jail time for violating the gag order in his criminal "hush money" trial. Tuesday's proceedings also heard testimony from Stormy Daniels' former lawyer. Jericka Duncan reports.CBS News - Politics - Donald Trump -
Tornado, severe weather continues to threaten Midwest
One person was killed in Westmoreland, Kansas, on Tuesday after a tornado tore through the small city. Another tornado in Oklahoma touched down, damaging several buildings. The severe weather risk continues Wednesday, stretching from Nebraska to ...CBS News - Top stories -
UChicago, DePaul encampment continue as nationwide protests escalate
Yahoo News - World -
Lottery bids for skilled-worker visas plunge in the US after changes aimed at fraud and abuse
Authorities say lottery bids for highly educated worker visas plunged nearly 40% this yearABC News - Tech -
Top New York prosecutor says 280 people arrested at campus protests; independent review into UCLA violence – live
Alvin Bragg does not confirm reports of “outside agitators” infiltrating student-led protests; University of California orders review of lack of policing. Full report: crackdowns intensify on US campus protestsColumbia faculty ‘horrified’ by mass ...The Guardian - World - New York -
US teen averts tragedy by taking wheel after school bus driver falls ill
Eighth-grader Acie Holland from Wisconsin hailed as hero for quick thinking after he noticed driver had become unresponsive. An eighth grade student recently averted a tragedy when he brought a careening school bus carrying him and his fellow ...The Guardian - World -
A Russian zoo said it sent peacocks to the front to 'inspire' troops. It deleted its post after people used it to mock Putin.
Yahoo News - World - Russia -
US includes Chinese groups in sanctions over aid to Russian military
Latest measures come as Washington steps up support for UkraineFinancial Times - Business - Russia -
Cruise line Viking has buoyant debut in year’s second-largest US IPO
Company backed by TPG rises 9% on first day to bolster hopes for private equity exitsFinancial Times - Business -
UK students begin new wave of protests against Gaza war after US arrests
Protests planned across the country as encampment set up in Sheffield and UEA vice-chancellor says US scenes ‘could happen here’. A fresh wave of student demonstrations and encampments are under way at UK universities in protest over the war in ...The Guardian - World - United Kingdom -
An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
Some student loan borrowers have until April 30 to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.CNBC - Business -
Israel under pressure to let more aid into Gaza as hostage talks continue
Antony Blinken holds two-hour meeting with Netanyahu while Hamas considers ceasefire proposal. Israel’s leaders were under renewed pressure to allow more aid into Gaza on Wednesday after the US secretary of state, Antony Blinken, told Benjamin ...The Guardian - World - Israel -
DePaul students continue encampment in solidarity with Gaza on Lincoln Park campus
Yahoo News - World -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Tech Powerhouses Reap Gains From AI Cloud Computing Boom
You can't spell AI without Alphabet--or Amazon, or Microsoft, which are all making money off the need for cloud services as businesses adopt AI functions.Inc. - Business