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World News
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Financial Services Roundup: Market Talk
Perpetual, CBA and more in the latest Market Talks covering Financial Services.World -
Australian Government Walks Fine Budget Line With RBA Primed to Hike
Australian Treasurer Jim Chalmers will deliver the government’s 2024-2025 federal budget next Tuesday amid concerns that strong revenue growth will tempt him toward a jump in spending, stoking the case for higher interest rates.World -
Lyft Stock Rallies After Company Trims Loss
The ride-hailing company projected continued growth for the rest of the year. Its outlook for the current quarter for gross bookings and adjusted earnings also topped forecasts. The stock was up more than 5% premarket.World -
Munich Re Says Full-Year Profit Could Top €5 Billion
The German reinsurer posted net profit for the first three months of 2024 of $2.3 billion, in line with preliminary figures, and said it was “more likely” it would surpass its full-year profit target.World -
They Started Hand-Sanitizer Businesses During Covid. How Are They Doing Now?
Consumers couldn’t get enough of the product during the pandemic. But as demand cooled, some startups found they had to pivot.World -
Australia Shares Set to Build on Week-Opening Gains
Australia’s S&P/ASX 200 looks set to edge higher at the open, building on its week-opening gains following a positive lead by U.S. equities.World - Australia -
Hertz's Soured EV Bet Drags Down Post-Bankruptcy Stock
The rental-car company maintained equity value throughout bankruptcy, but the painful reversal of its electric-vehicle strategy has since weighed on the stock.World -
Tesla Boosts S&P 500, Nasdaq Futures
U.S. stock futures were up along with markets from Shanghai to London.World - Tesla -
California Fast-Food Chains Are Now Serving Sticker Shock
A month after a higher state minimum wage for fast-food workers went into effect, consumers picking up burgers and burritos at chains in the Golden State grapple with prices rising at a faster clip than in other states.World - California -
TotalEnergies Plans $2 Billion Buyback After Profit Beat
TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter.World -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.World -
Senate Passes Ukraine, Israel Aid Package After Monthslong Fight
The measure sends much-needed ammunition and military equipment to Ukraine, fortifies Israel’s missile defense systems and forces the sale of TikTok in the U.S.World - Ukraine -
AI Developers Agree to New Safety Measures to Fight Child Exploitation
OpenAI, Meta, Google and others say they will work to throttle the creation of sexualized images of children.World -
Renault's Group Revenue Beats Expectations
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.World -
Mike Johnson Vows to Stay Speaker as Foreign-Aid Plan Sparks Backlash
The House speaker defiantly rejected a new call for his resignation, a day after he introduced a plan to pass bills funding Ukraine, Israel and other overseas allies.World -
Why Taiwanese Islands With View of China Aren't Worried About Rising Tensions
The Kinmen archipelago has been on the front line of friction with Beijing for decades, but most of those who live there say a new political reality has provided reassurance.World - China -
Roku Says Hackers Gained Access to 576,000 Accounts in Data-Breach Incident
It is the streaming-hardware maker’s second data breach this year, prompting Roku to institute additional security measures.World -
France Gives Torch an Olympian Welcome
Fireworks welcome the 19th-century ship carrying the Olympic torch from Athens as it arrives Wednesday on the French mainland at the port of Marseille. The torch was handed off to begin the 68-day relay to Paris for the Games’ July start. Photo: ...World -
Hamas Took More Than 200 Hostages From Israel. Here's What We Know.
Israel says 128 hostages abducted on Oct. 7 remain in captivity in Gaza, including the bodies of at least 36.World - Israel -
Continental Keeps Guidance Despite Weak First-Quarter
The German car-parts company confirmed both its preliminary figures for the quarter ended March and also backed its full-year outlook, despite posting a net loss of $57 million.World -
Disney Pares Streaming Losses, Takes Hit From India Deal
The entertainment giant added streaming customers as it swung to a loss as a result of a charge from an India media venture.World - India -
Heidelberg Materials Maintains Outlook on Earnings Beat
Heidelberg Materials first-quarter underlying earnings came in at €542 million and it continued to target full-year results from current operations of €3-€3.3 billion.World -
Biden's Fraught Candidacy Faces Twin Threats at Home and Abroad
Chaotic college protests and stalled effort to bring about Gaza cease-fire leave president with few good options and plenty of risks.World - Joe Biden -
Tesla Surge Helps Stock Market Extend Gains
Major U.S. indexes edged higher at the start of a busy week for corporate earnings and economic data. Tesla shares rose 15%.World - Tesla -
Apple Might Be Able to Phone It In Now
A slumping stock price has tempered Apple’s valuation, making another weak iPhone report less risky.World - Apple -
'Mother Play' Review: Jessica Lange's Tortured Vision of Parenthood
The actress stars as a miserable mother to two children, portrayed by Jim Parsons and Celia Keenan-Bolger, in this fragmentary drama by Paula Vogel.World -
Posco Holdings' Net Fell on Sluggish Demand, Higher Costs
Posco said higher raw material prices weighed on earnings amid a slowdown in the industry, though increased steel product prices cushioned the fall in its operating profit.World -
Meta's Advertising Business Keeps Rolling as AI Aspirations Rise
Meta Platforms on Wednesday reported record first-quarter sales, with a 27% increase versus the year prior.World -
Tianqi Lithium Shares Dive After Warning of Wider Losses
The Chinese lithium producer warned of widening losses caused by weak product prices and a tax dispute in Chile.World -
USC Removes Commencement Speakers, Honorees After Canceling Valedictorian's Speech
University says it is redesigning its commencement program amid the “highly publicized circumstances” surrounding it.World -
Netflix Password Crackdown Delivers Millions of New Customers
The streaming giant said it would continue to diversify its slate and product features as it added 9.33 million subscribers in the first quarter.World - Netflix -
China Denounces U.S. Probe Into Shipbuilding Sector
Beijing said it opposes a U.S. probe into China’s shipbuilding industry, calling the investigation a politically driven move full of “false accusations.”World - China -
Alaska Air Resumes Flights After Technology Problem
The carrier says there might be residual delays throughout the day Wednesday.World -
Volkswagen to Cut EV Costs With New Production Platform in China
Volkswagen and XPeng have a new framework deal to co-develop electrified and digitized architecture to be used in VW brand EVs produced in China.World - China -
Inside Amazon's Push to Crack Trader Joe's---and Dominate Everything
A secret war room and other tactics fueled the retail giant’s riseWorld -
Bank of England Holds Rates, Signals It's Closer to Cutting
The Bank of England kept its key interest rate unchanged at a 16-year high, but indicated that it is on course to join its European peers in cutting rates over the coming months.World -
The New Dress Code for Snack Execs: Ditch the Tie, Bring the Stretchy Pants
For food-company directors, part of the gig is sampling—a lot—of America’s sandwiches, doughnuts and pretzel bites.World -
BMW Keeps Outlook Despite Drop in Profits
BMW’s key automotive unit reported slightly lower-than-forecast profits in the first quarter as manufacturing costs rose, but the group maintained its full-year guidance.World -
Tesla Told to Detail Driver Warnings, Miles Driven With Autopilot
The National Highway Traffic Safety Administration asked Tesla to explain the process and rationale for many of its recall remedies.World - Tesla -
Instacart, Uber Join Forces to Add Uber Eats to Instacart App
The two companies announce the partnership as they face competition from common rival DoorDash.World