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Vista Outdoor Shares Rise After It Tells MNC Capital to Raise Offer
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Anglo American shares rise on report Glencore may make rival offer
Shares of Anglo American rose on Friday after a report that Glencore was considering making a rival offer for the mining company.MarketWatch - Business -
Sunak says results 'disappointing' but voters will 'stick with us' at general election
Labour wins by-election and string of councils from the Tories, who retain the Tees Valley mayoralty.BBC News - Top stories -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
Hong Kong Regulators Start Insider Dealing Case Against Segantii Capital
Hong Kong’s securities regulator has started criminal proceedings against hedge fund management firm Segantii Capital Management, the firm’s founder and a former trader over insider dealing.The Wall Street Journal - World - Hong Kong -
Former Merrill Lynch banker named in Segantii Capital insider dealing case
Hong Kong has brought criminal proceedings against the hedge fund and its founder Simon SadlerFinancial Times - World -
Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business -
Stock Market Rises After Jobs Report Revives Investors’ Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.The New York Times - Top stories -
Philly's playoff exit raises a slew of questions -- and dramatically answered another
Injuries continue to haunt Joel Embiid and the 76ers as they exit the playoffs. But, behind Tyrese Maxey's rise and an offseason full of options, Philly has reasons for optimism.ESPN - Sports -
Fed’s Bowman says she’s still willing to raise rates
“I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Fed Governor Michelle Bowman said Friday.MarketWatch - Business
More from The Wall Street Journal
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Sony, Apollo Make $26 Billion All-Cash Offer for Paramount
Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.The Wall Street Journal - Business -
Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.
The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers.The Wall Street Journal - Business -
The Universal Music-TikTok Spat Is Over. Here's What Artists Won.
The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February.The Wall Street Journal - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Former Pioneer CEO Is Accused of Trying to Collude With OPEC
The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.The Wall Street Journal - Business