China’s economy grows 5.3% in first quarter, beating expectations
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China’s spy threat is growing, but the West has struggled to keep up
For years, Western spy agencies have talked of a need to focus on China, but senior officials say the threat has not been taken seriously enough.BBC News - Top stories - China -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
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 -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
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Google Search Is Growing Up
This week, we unpack all the news from Google I/O, where we got a glimpse of how the world’s dominant search engine will evolve in the AI era.Wired - Tech - Google -
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 -
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 -
This Commodity Tells a Story About the Entire Economy and It's Bullish
Copper prices have gone parabolic this year as traders bet on economic growth and AI.Inc. - Business -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Baidu Posts Quarterly Beat, Helped by AI Pursuits
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - Business -
Alibaba Shares Rise as Investors Grow Confident in Outlook
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.The Wall Street Journal - World -
What does the Dow's 40,000-point milestone say about the economy?
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss ...CBS News - Top stories -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - Business -
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Growing controversy over graduation speech by Kansas City Chiefs' kicker
In a commencement speech at a Catholic liberal arts college, Chiefs' kicker Harrison Butker was critical of LGBTQ+ rights and abortion and encouraged young women to focus on being homemakers. While many in the crowd applauded the speech, others ...NBC News - Top stories - NFL -
As the 2024 Race Heats Up, Betting Is Growing for Everything but Elections
U.S. residents can still gamble on the presidential race — but regulators are trying to stop the practice.The New York Times - Business -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
DuPont stock hits new high after an analyst's upgrade — why we're not buyers here
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
'They beat our ass': Wolves' rout of champs sets up a monster Game 7
After a resilient Game 6, the NBA's marquee series is headed for what could be an instant classic between Minnesota and the champs.Yahoo Sports - Sports - NBA -
Rangers score four third-period goals to beat Hurricanes, 5-3, in Game 6 and advance to Eastern Conference Finals
Chris Kreider scored three goals in the third period as the resilient Rangers earned another comeback victory in beating the Carolina Hurricanes, 5-3, in Game 6 of their second-round series.Yahoo Sports - Sports -
Tom Brady roasts Jaguars during recent podcast appearance, says they were easy to beat
Brady pulled no punches against JacksonvilleCBS Sports - Sports - NFL -
One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts
Auto technology has evolvedABC News - Tech -
Donovan Mitchell trade rumors: 'Growing sentiment' suggests Cavaliers can re-sign star guard, per report
Mitchell is eligible for a contract extension this offseasonCBS Sports - Sports - NBA -
Israeli Friendly Fire Kills Five Troops in Gaza as Divisions Grow Over War
At least seven other soldiers were injured when a tank fired at a building occupied by Israeli paratroopers.The Wall Street Journal - World - Israel -
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Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing
A wildfire that has forced thousands of people out of their homes in Canada’s oil sands hub city of Fort McMurray, Alberta is being held in place as rain and cooler temperatures sweep through the areaABC News - World -
Walmart's sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.
Walmart’s sales continued to grow as American shoppers kept flocking to its stores for inexpensive everyday necessities.The Wall Street Journal - World -
Caitlin Clark, Fever facing plenty of growing pains early after another blowout loss in home debut
The atmosphere was electric for Clark's home debut and there were brief flashes from the Fever, but it's clear they've got plenty to work on before they can compete with the WNBA's elite teams.Yahoo Sports - Sports -
Sex education is now just another political football. For the children’s sake, the adults must grow up | Gaby Hinsliff
Teenagers need and want good information about sex. The government’s review, and this ideological tug-of-war, is failing them. Imagine a teenage boy, alone with his phone late at night. A message pings in from a pretty stranger, or even from the ...The Guardian - World -
Witness testimony expected to begin in Bob Menendez trial
Sen. Bob Menendez of New Jersey is accused of trading his influence and power to foreign governments.CBS News - Top stories -
Dollar Strengthens Amid Hawkish Fed, Dovish BoJ
The WSJ Dollar Index rises slightly as Fed officials pushed back against the idea that recent soft U.S. economic indicators make interest rate cuts this summer more likely.The Wall Street Journal - World -
Natural Gas Rises Amid Expectations Of Tighter Supply
Natural gas futures extended gains triggered by Thursday’s lower-than-expected U.S. inventory build.The Wall Street Journal - World -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
How Zola's Co-founder Learned the Importance of Setting Clear Expectations
Growth requires accountability.Inc. - Business