Bank of America Earnings Drop 18% in First Quarter
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GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
UL Solutions tops revenue estimates in first quarter as a public company
Profit was flat in the first quarter, but the company is expecting to benefit from the “electrification of everything” trend.MarketWatch - Business -
Crypto Startups Pull $2.4 Billion in Venture Funding in First Quarter of 2024
Data from Pitchbook shows a 40 percent jump in investments in crypto startups from the last three months of 2023.Inc. - Business -
Romney says he laughs at term 'America first'
Sen. Mitt Romney (R-Utah) said that he laughs at the term “America first,” an increasingly common phrase heard in the Republican Party regarding U.S. foreign policy that he finds “disorienting.” Romney said during an interview with MSNBC’s “The ...The Hill - Politics -
America's first Black astronaut candidate reaches space
Ed Dwight, America's first Black astronaut candidate, finally reached space on a Blue Origin flight at 90 years old. The 10-minute flight ended Dwight's 60-year journey for a chance to travel beyond Earth. Derrick Pitts, the chief astronomer at ...CBS News - Top stories -
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.The Wall Street Journal - World -
Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.MarketWatch - Business -
Xander Schauffele earns — really earns — first major title at 2024 PGA Championship
The path to PGA champion hasn't always been smooth for Xander Schauffele. But it forged him into a major winner.Yahoo Sports - Sports -
Pacers score 39 points in first quarter vs. Knicks to set a Game 7 record
The Indiana Pacers scored 39 points in the first quarter Sunday against the New York Knicks, the most in a Game 7 since detailed play-by-play began being kept in 1997ABC News - Sports - NBA -
PGA Championship: Xander Schauffele drains dramatic birdie on 18 to win first career major
Xander Schauffele hit a six-foot putt on 18 to win the 2024 PGA Championship.Yahoo Sports - Sports -
Trump Media had less than $1 million in revenue during the first quarter
The revenue total came largely from advertising, the Truth Social parent said.MarketWatch - Business - Donald Trump -
Trump Media and Technology Group posts more than $300 million net loss in first public quarter
Trump Media and Technology Group, the owner of social networking site Truth Social, lost more than $300 million last quarterABC News - Tech - Donald Trump -
Trump Media says it booked less than $1 million in first-quarter sales
Trump Media posted a loss of $327.6 million in the first quarter because of a financial transaction.CBS News - Top stories - Donald Trump -
DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
Trump Media, the parent company of Donald Trump's Truth Social, debuted on the Nasdaq stock exchange in March.CNBC - Business - Donald Trump -
Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500
Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday ...NBC News - Top stories - Donald Trump -
Timberwolves oust reigning champs; Pacers knock off depleted Knicks; Xander Schauffele earns first major
Minnesota sent Denver home in a thrilling Game 7 after Indiana beat New YorkCBS Sports - Sports -
2027 Women's World Cup: Brazil named host, bringing the tournament to South America for the first time
Brazil's bid beat out a joint effort from Belgium, Germany and the NetherlandsCBS Sports - Sports -
Brazil picked by FIFA to get soccer's 2027 Women's World Cup, a first for South America
Brazil will host the 2027 Women’s World Cup after a vote of FIFA’s full membership chose the South American bid over a joint proposal from Belgium, Netherlands and GermanyABC News - Sports -
America's first Black astronaut candidate finally goes to space 60 years later on Bezos rocket
America's first Black astronaut candidate finally goes to space 60 years later on Bezos rocketABC News - Tech -
Ed Dwight, America's first Black astronaut candidate, finally goes to space 60 years later
Ed Dwight, America's first Black astronaut candidate, has finally made it to space 60 years later, flying with Jeff Bezos’ rocket companyABC News - Tech -
Ed Dwight, America's first Black astronaut candidate, becomes oldest person to reach space
Ed Dwight, America’s first Black astronaut candidate, finally rocketed into space 60 years later, flying with Jeff Bezos’ rocket company on Sunday.NBC News - Top stories -
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline's outlook for the end of the year weighed on its shares.
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline’s outlook for the end of the year weighed on its shares.The Wall Street Journal - World -
5/18: Saturday Morning
Trucks carrying desperately needed aid are rolling across a newly U.S. built pier into Gaza; Chef Salil Mehta introduces diners to Malaysian food after eatery earns Michelin starCBS News - Top stories -
News Quiz for May 18, 2024
Test your knowledge of the week’s events as reported in The Wall Street Journal.The Wall Street Journal - World -
5/18: CBS Weekend News
Biden travels to Georgia ahead of Morehouse commencement address; Anchovies behind surge of sea lions in San FranciscoCBS News - Top stories -
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Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
The 18 Best PlayStation Plus Games (May 2024)
What should you play next on your PS5 or PS4? From Fallout 4 to Ghost of Tsushima, Sony’s subscription service has a ton of great video games.Wired - Tech -
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Downtown Restaurant Spending Drops in Weekday Lunch Crunch
Data frompayment companySquare showrestaurants in business districtsare losing middaybusiness to inflation and hybrid work policies, but many customers nowspendmore on weekends and at happy hour.Inc. - Business -
Eye on America: Protecting and preserving the environment
In California, we learn how the site of past environmental disasters could be a key to America’s clean energy future. Then in Florida, we explore restoration efforts to reverse years of devastation in the Everglades. Watch these stories and more ...CBS News - Top stories -
America Hits the Global Snooze Button
In an increasingly alarming world, the West can’t afford to rest for much longer.The Wall Street Journal - World -
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What a Spanish bank mega-deal means for TSB
After BBVA’s bid, Sabadell is under pressure to prove it makes sense for a Spain-focused bank to own the midsize UK lenderFinancial Times - Business -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Trump trial Day 18 takeaways: Fireworks on the stand as finish line nears
Much of Thursday's court proceedings in Donald Trump's hush money trial were consumed by the defense cross-examining Michael Cohen, his former attorney and fixer.NBC News - Top stories - Donald Trump