$48 Billion Falls Short
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Stellantis Sales Fall Short of Expectations
Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes in North America as it prepares production for new models.The Wall Street Journal - Business -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Regeneron’s stock dips after earnings fall short of estimates
Regeneron Pharmaceuticals’ stock fell 2.6% premarket Thursday, after the drug company’s first-quarter profit and revenue fell short of analyst estimates.MarketWatch - Business -
ConocoPhillips’s production narrowly beats analyst estimate, but profit falls slightly short
Shares ticked up premarket as the company says it plans to return $9 billion to shareholders through dividends and stock buybacks in 2024.MarketWatch - Business -
Kellanova’s profit falls short of estimates but company strikes bullish tone
Kellanova, the packaged-food giant spun out of the former Kellogg, cited “tangible signs that this year’s return to full commercial activity is taking hold in the marketplace.”MarketWatch - Business -
"48 Hours" show schedule
True crime. Real justice. To miss it would be a crime.CBS News - Top stories -
Death toll rises to 48 in China highway collapse
The death toll climbed to 48 on Thursday as search efforts continued in southeastern China after a highway section collapsed in a mountainous area.NBC News - Top stories - China -
At least 48 dead after highway collapse in China
A long section of a highway collapsed Wednesday in southern China, killing at least 48 people and injuring dozens more.CBS News - World - China -
Mets trade INF Zack Short to Red Sox
The Mets announced on Wednesday morning that infielder Zack Short has been traded to the Boston Red Sox in exchange for cash considerations.Yahoo Sports - Sports - MLB -
DOJ charges 'Bitcoin Jesus' with $48 million tax fraud, seeks extradition
The IRS has tried to become more sophisticated in tracking alleged Bitcoin financial crimes.CNBC - Business -
DOJ charges ‘Bitcoin Jesus’ with $48 million tax fraud, seeks extradition
The Justice Department unveiled criminal tax fraud charges this week against a prolific bitcoin investor named Roger Ver.NBC News - Top stories -
Death toll jumps to at least 48 in southern China highway collapse
The death toll from a collapsed highway in southeastern China has climbed to 48 as searchers dug for a second day through a treacherous and mountainous areaABC News - World - China -
Nothing short of jail will make a defiant Trump respect court orders
Justice Merchan should not allow Trump’s wealth to insulate him from the consequences of his actions.The Hill - Politics - Donald Trump -
Death toll jumps to 48 in southern China highway collapse that sent 23 cars down a steep slope
Death toll jumps to 48 in southern China highway collapse that sent 23 cars down a steep slopeABC News - World - China -
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How Taking Regular Short Breaks Can Increase Your Productivity and Happiness at Work
It's not only that you take a break; it's how you take a break.Inc. - Business -
Instagram and Twitch roll out new TikTok-like short-form video discovery features
Instagram and Twitch rolled out new features this week that would boost short-form video content in ways reminiscent of TikTok’s discovery algorithm.NBC News - Top stories - Tiktok -
Celtics advance to East semifinals, beating short-handed Heat 118-84 in Game 5
Jaylen Brown and Derrick White each scored 25 points and the Boston Celtics advanced to the Eastern Conference semifinals, beating the short-handed Miami Heat 118-84 in Game 5 on Wednesday nightABC News - Sports - NBA -
NBA playoffs: Short-handed Bucks cruise to dominant win over Pacers in Game 5, avoid elimination
Despite not having Giannis Antetokounmpo and Damian Lillard available, the Bucks flew to a 23-point win over the Pacers on Tuesday night.Yahoo Sports - Sports - NBA -
Shell launches $3.5 billion buyback after earning $7.7 billion
Shell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins from crude and oil trading, while the energy giant kicked off a $3.5 billion share buyback program as it hurries to close the valuation gap between it and ...MarketWatch - Business -
CPAP Lawsuits Settled for $1.1 Billion
Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.The New York Times - Health -
Shell Launches $3.5 Billion Buyback
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.The Wall Street Journal - World -
Shell Launches $3.5 Billion Buyback
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.The Wall Street Journal - Business -
European carmakers struggle with falling demand
Industry faces headwinds including price wars and higher interest rates that have put off consumersFinancial Times - Business - Europe -
Natural Gas Falls on Weak Demand
U.S. natural gas futures settled lower with soft demand and the hefty storage overhang weighing on the market despite lower U.S. production.The Wall Street Journal - World -
Will mortgage interest rates fall in May?
If you're waiting for mortgage rates to drop, you could be in for a longer wait than anticipated. Here's why.CBS News - Top stories - Mortgage -
Births in Germany fall to lowest for a decade
Declining rate will put downward pressure on labour force and economic growth, experts warnFinancial Times - World -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - World - Microsoft -
Microsoft to Invest $2.2 Billion in AI Infrastructure in Malaysia
The U.S. tech giant’s investment over four years will build on previously announced plans to construct its first data center region in Malaysia, and mark its single biggest investment in the country.The Wall Street Journal - Tech - Microsoft -
Biden to announce $3 billion to replace lead pipes
President Biden will announce Thursday that his administration will be doling out $3 billion in funds to replace lead pipes, which can pose a health hazard. Biden will announce the funds, part of a total of $15 billion from the Bipartisan ...The Hill - Politics - Joe Biden -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
Nadal falls to Lehecka in final Madrid Open match
Rafael Nadal says it has been an "emotional week" after he played his final match at the Madrid Open.BBC News - Top stories - US Open -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
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 -
Nadal falls to Lehecka in final Madrid Open match
Rafael Nadal says it has been an "emotional week" after he played his final match at the Madrid Open.Yahoo Sports - Sports - US Open