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FCA surprised by criticism over ‘name and shame’ proposal, says chair
Ashley Alder says ‘no decision made’ after City minister defends right of government to question watchdog’s actionsFinancial Times - 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 -
Gold bars are selling like hot cakes in Korea's convenience stores and vending machines
The country's largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation to offer customers mini gold bars.CNBC - Business -
Arm shares drop as revenue forecast falls short despite AI boom
Lacklustre outlook raises concerns that spending on artificial intelligence chips could slowFinancial Times - Business -
AppLovin’s stock gains as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Applebee's owner Dine Brands wants to steal fast-food customers with its deals
Low-income consumers visited less frequently and spent more carefully when they did eat out in the first quarter, Dine Brands CEO John Peyton said.CNBC - Business -
The Top 3 Reasons Why Workers Come Into the Office
Struggling to up your office attendance? Here are three parts of the office experience you may want to improve.Inc. - Business -
How AI Has Already Begun to Change These Workers' Jobs
A Boston doctor, a marketing executive and others discover the ways AI is reshaping their workdaysThe Wall Street Journal - Business -
New York Times Adds 210,000 Digital Subscribers in Quarter
Adjusted operating profit was $76.1 million, an increase of about 41 percent from a year earlier.The New York Times - Business - New York -
Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts
Regional banks and the federal government are big losers of higher rates, but so are cities reeling from wobbling commercial real estate, says Starwood Property Trust’s CEO.MarketWatch - Business - Federal Reserve -
Uber reports first-quarter results that beat expectations for revenue, but posts net loss
Uber beats expectations for revenue but falls short of estimates for gross bookings.CNBC - Business -
AstraZeneca Withdraws Covid Vaccine Worldwide, Citing Low Demand
The shot is no longer being manufactured or supplied, and it is no longer authorized for use in Europe.The New York Times - Business - Covid -
California Considers Job Protections That Could Ban Self-Checkout Terminals
A bill before state legislators maps out job protection requirements for grocery and drug stores offering self-checkout lanes for shoppers.Inc. - Business - California -
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles
Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.The Wall Street Journal - Business -
Wall Street analyst jumps to Disney's defense — plus, why Broadcom is bucking the chip decline
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
U.S. Eyes Curbing Chinese Access to AI Software
The Commerce Department may restrict the export of closed-source andproprietary AI models, complementing an earlier block on sophisticated AI chip exports.Inc. - Business -
Meta Launches New AI Tools for Advertisers
Meta Platforms is expanding a suite of generative artificial-intelligence tools for use by its advertisers, the company’s latest move to integrate AI into its consumer products.The Wall Street Journal - Business - Meta -
TikTok’s Future in U.S. Depends on Bet on First Amendment
The popular video-sharing app faces uncertain odds as it takes its fight to court to turn back a potential ban in the United States.The New York Times - Business -
Pandemic-era winners suffer $1.5tn fall in market value
Top 50 biggest stock gainers hit by painful decrease since the end of 2020 as lockdown trends fadeFinancial Times - Business -
Shopify shares plunge 18% on weak guidance
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.CNBC - Business -
Tech Tip: How to Spot a Deepfake Image
All kinds of fabricated images populate the internet as AI spurs creativity and disinformation. Here's how to detect sophisticated digital manipulations.Inc. - Business -
Closure of Beigel Shop leaves a hole in London’s East End
Rival Brick Lane bakeries attracted queues for decadesFinancial Times - Business -
Refinery29's New Owner Plans to Cover Sports, Buy More Media Companies
Essence magazine’s parent tapped advertising executive Kirk McDonald to lead Sundial Media Group, a holding firm tasked with making more deals.The Wall Street Journal - Business -
Outage Causes Delays at U.K. Airports’ Immigration Checkpoints
Airport officials said Tuesday that a system outage affecting the Border Force’s immigration gates had caused long waits for passengers arriving in Britain. The issue was resolved early Wednesday.The New York Times - Business - United Kingdom -
Former MGM Grand casino president to be sentenced for failing to report bookie's bets
Prosecutors and defense lawyers for Scott Sibella have suggested that a judge place the former MGM Grand casino president on probation in the criminal case.CNBC - Business -
Tory MP Elphicke defects to Labour in fresh blow to Sunak
Move by representative for Dover also triggers furious questions from opposition party members for Keir StarmerFinancial Times - Business -
OpenAI Is Planning a Move to Eat Some of Google's Cake With Search Inside ChatGPT
The future of chatbots keeps getting more interesting: Soon they might search the web for you. This could change everything.Inc. - Business -
South Korea Plans Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines.The Wall Street Journal - Business - China -
Inquiry Finds a Toxic Culture at the F.D.I.C., and Takes Aim at Its Leader
Bad workplace behavior was pervasive at the bank regulator, according to an investigation that questioned whether things can improve without a change in leadership.The New York Times - Business -
Why Workplaces Are Increasingly Important for EV Charging
A new report from ChargePoint and CBRE found that 70 percent of prime office buildings now have EV charging ports, and charging sessions have jumped by 64 percent.Inc. - Business -
Georgia appeals court will hear Trump bid to disqualify D.A. Fani Willis in election case
A Georgia appeals court agreed to hear a bid by Donald Trump to disqualify Fulton County District Attorney Fani Willis from his election interference case.CNBC - Business - Donald Trump -
Toyota Motor Projects Annual Profit Drop
The Japanese carmaker projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit thanks partly to a weaker yen.The Wall Street Journal - Business -
Interest rates on federal student loans may increase by 1 percentage point: ‘A fairly big jump,’ expert says
The interest rates on federal student loan rates will likely rise by about 1 percentage point in the 2024-2025 academic year. Here's what to know.CNBC - Business -
File Your Claim: May 31 Deadline for Businesses to Get Paid in Card Settlement
Visa and Mastercard will compensate businesses that were charged excessive processing fees after a $5.5 billion antitrust judgement.Inc. - Business -
Google DeepMind unveils AI model for living cells
AlphaFold 3 aims to reveal biological secrets and boost drug search effortsFinancial Times - Business - Google -
To Survive in China, Global Automakers Tap Local Tech Giants
A host of global automakers are increasingly turning to Chinese tech giants in a bid to claw back market share in one of the world’s largest—and fastest-changing—auto markets.The Wall Street Journal - Business - China -
Campus protests, FAFSA delays plagued college admissions this year—how it affects incoming students, from college counselors
FAFSA delays, campus protests, Supreme Court decisions and more combined to create a perfect storm of issues plaguing this year's college admissions cycle.CNBC - Business -
Tesla Self-Driving Robotaxis May Get China Rollout First
A state-owned newspaper revealed that Elon Musk's moonshot Tesla vehicle may soon be self-driving through Chinese streets.Inc. - Business - China -
VW warns Brussels against raising tariffs on Chinese electric cars
Move risks ‘retaliation’ against international brands in the country, German carmaker’s brand chief tells FT car summitFinancial Times - Business -
Sweetgreen Is Introducing Steak. What About Its Climate Goals?
The fast-casual chain aims to be climate neutral by 2027, but beef is a big contributor to climate change.The New York Times - Business - Climate