Wall Street Stocks Fall As Debt Ceiling Bill Faces First Test in Congress
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Tesla shows Wall Street a path to ‘positive catalysts,’ BofA says
Tesla Inc.’s better-than-expected quarterly earnings and reassurances from the EV maker that it is on a path of “positive catalysts” led to a stock upgrade at BofA Securities on Wednesday.MarketWatch - Business - Tesla -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
Zuckerberg burns some goodwill on Wall Street as he plows forward with the metaverse
Investors clearly also concerned that Meta’s spending will include a lot more on virtual and augmented reality.MarketWatch - Business -
Wall Street’s Patience for a Costly A.I. Arms Race Is Waning
A sell-off in Meta’s stock after the company disclosed huge investments in the technology may be a sign of investor fears about tech giants’ spending.The New York Times - Business -
Congress passed a TikTok bill. Will the US really ban the app?
A bill passed by Congress and signed by Biden requires owner ByteDance to sell or face a US ban – it’s its biggest threat yet. Senate passes bill banning TikTok if parent company does not sell itThe House of Representatives passed a bill that ...The Guardian - World - Tiktok -
Fauci to testify before Congress for the first time since stepping down
Anthony Fauci, former chief medical adviser to President Biden, will testify before the House Select Subcommittee on the Coronavirus Pandemic on June 3, making it the first time he will appear before a congressional panel since leaving government ...The Hill - Politics -
Russia or EU? Controversial bill draws Georgians onto streets
Thousands of Georgians have been protesting against a new bill that they claim will crush dissent.BBC News - Top stories - Russia -
Comcast beats earnings estimates even as it sheds more broadband subscribers
Comcast beat first-quarter earnings expectations on Thursday.CNBC - Business -
Stocks Fall After GDP, Inflation Data
Stocks fell sharply after data showed the U.S. economy slowed in the first quarter. Nasdaq posted the biggest losses as Meta dragged down the wider tech sector.The Wall Street Journal - World -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
Caterpillar’s stock is falling toward its worst day since 2020 after earnings
Caterpillar Inc. shares were dropping premarket after the company came up a bit short on first-quarter revenue as sales volumes declined.MarketWatch - Business -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 13%.MarketWatch - Business -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
First Citizens’ stock boosted by first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Congress could finally take a stand on crypto
A U.S. stablecoin bill could come into focus in May that aims to create a new regulatory framework for digital assetsMarketWatch - Business -
2024 NFL Mock Draft: Vikings get QB, Pats move down; Panthers trade into first round for falling Brock Bowers
It's draft day and here's what i think teams should doCBS Sports - Sports - NFL -
Extremist guilty of murdering man in street
Moroccan asylum seeker Ahmed Alid told police he stabbed two men in protest at the Gaza conflict.BBC News - Top stories -
Why now is a great time to consider debt relief
A debt relief service may be able to help you deal with mounting debt. Here's why now is a great time to sign up.CBS News - Top stories -
Smear tests of 3,000 women to be reviewed
The Southern Health Trust says the move is not out of concern but to provide extra assurance.BBC News - Top stories -
Test Your Knowledge of Internet Acronyms
This week, we probe each other’s knowledge of common acronyms from the early internet, the mobile era, and the AI boom. So fire up your LLM, send an RCS, and tell your BBS pals the game is afoot.Wired - Tech -
Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
‘Everyone was in the streets. I just felt happiness’: Portugal recalls the Carnation Revolution
As the country marks 50 years since the end of fascism, people celebrate the coup’s legacy but say the fight must continue . . . . At 4am on 25 April 1974, Filipe Villard Cortez got the signal. He barricaded the door of the Monte Real air base ...The Guardian - World -
U.S. orders cow testing for bird flu after grocery milk tests positive
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.CBS News - Top stories -
Cakes and drinks sweetener neotame can damage gut wall, scientists find
Industry’s sugar substitute E961 can have ‘toxic effect on health’, says study finding sweetener capable of damaging intestinal bacteria. A sweetener used in cakes, soft drinks and chewing gum can seriously damage people’s health by weakening the ...The Guardian - World -
Cody Bellinger heads to IL after collision with outfield wall
The Cubs will be without their star center fielder for an unknown period of timeYahoo Sports - Sports -
The Tale of a Wall by Nasser Abu Srour review – a Palestinian prisoner writes
Jailed since the first intifada, Abu Srour charts a deeply personal journey through the conflict that has defined his life. Attempts to end the violence in Gaza have focused on the exchange of Israeli hostages taken by Hamas on 7 October for ...The Guardian - World -
Anne Heche's 'insolvent' estate cannot settle debts, actor's son claims in legal docs
Homer Laffoon, Anne Heche's son and the executor of her estate, said in legal documents that his mother's estate is "not in a condition to be closed."Los Angeles Times - Entertainment -
Anne Heche’s son says her estate cannot pay its debt of over $6 million
Anne Heche’s son said her estate is unable to pay its debts following her 2022 death after the fiery crash of her car into a Los Angeles home.NBC News - Top stories -
Dairy Cows Transported Between States Must Now Be Tested for Bird Flu
Since a new form of bird flu arrived in 2022, federal officials have sought to reassure Americans that the threat to the public remained low.The New York Times - Health -
Dairy Cows Transported Between States Must Now Be Tested for Bird Flu
Since a new form of bird flu arrived in 2022, federal officials have sought to reassure Americans that the threat to the public remained low.The New York Times - Top stories -
More cows are being tested and tracked for bird flu. Here's what that means
U.S. health and agriculture officials are ramping up testing and tracking of bird flu in dairy cows in an urgent effort to understand and stop the growing outbreakABC News - Tech -
Acrivon Therapeutics’ shares climb 14% on plans to present cancer-test data
Shares of Acrivon Therapeutics advanced in post-market trading after the biopharmaceutical company said it would present clinical trial data in connection with a biomarker test for ovarian and endometrial cancers.MarketWatch - Business -
New crash test results raise concern for some small SUVs
The Insurance Institute for Highway Safety has updated its testing of vehicles’ ability to avoid crashes. The results show there is some concern for smaller SUVs, as most models did not do well.CBS News - Top stories -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta