The Ratings Game: ‘Ride the Nvidia wave.’ Wall Street says the ‘undeniably pricey’ stock can keep roaring
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Surfer Sebastian Steudtner rides 28.57m wave
World record holder Sebastian Steudtner rides a wave measured at 28.57m in Nazare, Portugal - an unofficial new world record awaiting confirmation.BBC News - Top stories -
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy
U.S. stock indexes mostly fell as corporations face the threat of high interest rates for longer.The Wall Street Journal - World -
These three things make this bullish Wall Street pro question whether stocks are still worth the risk
Being long U.S. stocks — especially large-cap U.S. stocks — has paid off for investors over the long term. But at least one stalwart bull is starting to question whether they are still worth it at current levels.MarketWatch - Business -
Netflix’s stock has worst day in two years as its ‘rite of passage’ gets panned
Other tech companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.MarketWatch - Business - Netflix -
Regulators Restart Bid to Curb Bonus Pay on Wall Street
Incentive-compensation rules are required by the 2010 Dodd-Frank law but have yet to be put in place.The Wall Street Journal - World -
Tesla’s stock keeps getting cheaper — and Cathie Wood’s ETFs keep buying it
ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.MarketWatch - Business -
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Best backyard games the whole family can enjoy this spring
Take the family fun outside: These are the best backyard games everyone is playing outside this spring.CBS Sports - Sports -
Sure, They Can Rock and Roll All Night, but KISS Can't Get a Namesake Street in New York
A push to herald the band’s Big Apple roots with ‘KISS Korner’ in Chelsea hits a roadblock. ‘Oh, HELL, no.’The Wall Street Journal - World - New York -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Nvidia’s stock plunge leads ‘Magnificent Seven’ to a record weekly market-cap loss
The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week, which made for the group’s worst-ever weekly loss of market value.MarketWatch - Business -
A congressional investigation found that Wall Street used billions of dollars of U.S. retirement savings and other investments to buy shares in index funds that included more than five dozen blacklisted Chinese companies.
A congressional investigation found that Wall Street used billions of dollars of U.S. retirement savings and other investments to buy shares in index funds that included more than five dozen blacklisted Chinese companies.The Wall Street Journal - World -
The U.S. ambassador to Russia visited Evan Gershkovich, the Wall Street Journal reporter being held in Moscow, as negotiations continue behind closed doors to secure his release.
The U.S. ambassador to Russia visited Evan Gershkovich, the Wall Street Journal reporter being held in Moscow, as negotiations continue behind closed doors to secure his release.The Wall Street Journal - World - Russia -
Can a Brewery Make Good Wine? These Beer Makers Say Yes.
In an effort to reach an increasingly diverse customer base, brewers are turning over some of their equipment to producing wine.The New York Times - Business -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
2024 NFL Draft: Drake Maye's college coach Mack Brown says QB 'can win a Super Bowl'
Maye is expected to be picked very early in Round 1 of the draftCBS Sports - Sports - NFL -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
UK inflation could stay near 2% target for three years, says BoE rate-setter
Dave Ramsden’s comments suggest he does not need much more evidence of price growth falling before backing rate cutsFinancial Times - Business - United Kingdom -
Giannis Antetokounmpo injury update: Bucks president says star out for Game 1 vs. Pacers, timetable uncertain
Antetokounmpo is dealing with a calf strain and has not played since April 9CBS Sports - Sports - NBA -
A Wave of AI Tools Is Set to Transform Work Meetings
An AI-powered wearable from startup Limitless promises to make meetings more productive. It’s the beginning of a wider transformation of human interactions.Wired - Tech -
GOP impeachment efforts hit brick wall
Republican impeachment efforts against President Biden and his Cabinet appear to have hit a brick wall after the Senate swiftly dismissed articles of impeachment against Homeland Security Secretary Alejandro Mayorkas. Senators dismissed a pair of ...The Hill - Politics -
Web3 Funding Spiked 58 Percent Last Quarter, but It Isn't Exactly Roaring Back Yet
Startups building cryptocurrency and blockchain tech are helping revive an embattled category.Inc. - Business -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
Kerr: 'Lot of value' in keeping Dubs' core together
The hope within the Warriors is that the core of Klay Thompson, Draymond Green and Stephen Curry can remain intact despite missing the playoffs for the third time in five seasons.ESPN - Sports -
The biggest wave ever surfed? Sebastian Steudtner eyes record from Nazaré – video
Germany’s Sebastian Steudtner may have surfed the biggest ever wave in Nazaré, Portugal earlier this season. The wave, calculated using drone technology, was measured at 28.57 metres. If officially ratified by the sport, it will surpass ...The Guardian - World -
Maria Sanchez trade: San Diego Wave acquire Mexican attacker from Houston Dash ahead of Friday’s deadline
The Mexican international signed a record contract with the Dash in DecemberCBS Sports - Sports -
Weekly quiz: What made Liz Truss itch in Downing Street?
Test how closely you have been paying attention to what has been going on over the past seven days.BBC News - Top stories - United Kingdom -
Jane Street loses bid for restraining order against Millennium
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolenFinancial Times - Business -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
'Sesame Street' writers reach tentative contract deal, averting strike
Members of the Writers Guild of America at Sesame Workshop, the nonprofit organization behind the TV show 'Sesame Street,' have struck a deal to avert a strike.Los Angeles Times - Entertainment -
Playing a shell game on aid to Ukraine
Conservatives should oppose sending any more aid to Ukraine until President Biden presents a plan to end the war and Congress comes up with an honest, fiscally responsible way to ensure that our aid is responsibly distributed.The Hill - Politics - Ukraine -
Children Need Neighborhoods Where They Can Walk and Bike
We’ve lost the art of creating local infrastructure that allows young people to explore, play and lead healthier lives.The Wall Street Journal - World -
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Can AI help solve Japan’s labour shortages?
Japan is seeing if artificial intelligence can tackle its increasing shortfall of workers.BBC News - Top stories - Japan -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
A Winning Vote at Tennessee VW Plant Would Help UAW Crack the South's Anti-Union Wall
The region has long been hostile to organized labor, and a successful vote towould the Chattanooga factory become the first Southern auto plant to organize by election since the 1940s.Inc. - Business -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Why historic buildings keep catching fire during renovations
Denmark’s historic stock exchange is latest in a series of European monuments that burnt downFinancial Times - Business -
Kit Vintage Is a Secondhand Oasis in Los Angeles
A laid-back shop in Los Angeles is a semi-secret spot for celebrities and costume designers.The New York Times - Lifestyle -
Modi’s Power Keeps Growing, and India Looks Sure to Give Him More
Few doubt the popular prime minister will win a third term in voting that starts Friday. His strong hand is just what many Indians seem to want.The New York Times - World - India