Volvo Profits Top Hopes Despite Easing Demand
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Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Stewart helps New York top Indiana again 91-80 despite strong game from Caitlin Clark
Breanna Stewart scored 24 points to lead a balanced New York offense as the Liberty beat Caitlin Clark and the Indiana Fever 91-80 in front of a sellout crowdABC News - Sports - New York -
Ryanair Announces Buyback as Profits Jump
The low-cost carrier will buy back $761 million worth of shares after its core earnings for the fiscal year rose 34%, and said it expected passenger numbers to increase depending on how well Boeing handles its delivery delays.The Wall Street Journal - World -
There’s New Hope for an HIV Vaccine
A trial vaccine has succeeded in generating low levels of antibodies needed to target HIV. It’s a first but much-needed step toward preventing infection.Wired - Tech -
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 -
White House Considers Easing Sanctions on Israeli Billionaire
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.The New York Times - Top stories - Israel -
Justice Department moves forward with easing restrictions on marijuana
The Justice Department officially proposed a new rule on Thursday that would reclassify marijuana as a Schedule III drug.CBS News - Top stories -
The hope and heartache of salmon fishing in the Highlands
Pursuit of the elusive salmon inevitably brings failure. It’s why anglers get so hookedFinancial Times - World -
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Nvidia is seeing ‘insatiable’ demand, but these are the key questions
Investors are focused on the Blackwell ramp, prospect of an “air pocket” and margin trends.MarketWatch - Business -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - World - Israel -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - Business - Israel -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
Electric pulses help Melanie move her hand better 14 years after breaking neck
One patient who lost movement in her hand can now use it to scroll on a smartphone.BBC News - Top stories -
Nikkei May Rise as Fears Ease About U.S. Inflation
Japanese stocks may rise as fears have eased about U.S. inflation and Nasdaq hit a record high overnight.The Wall Street Journal - World -
‘It became a beacon of hope’: the incredible story of Stax Records
A new docuseries traces the highs and lows of the Memphis record label, soaring with major acts like Otis Redding and Isaac Hayes but a victim of both capitalism and racism. During its breakout phase in the mid-1960s, Stax Records seemed to be ...The Guardian - World -
Gold Steady as Rate-Cut Hopes Wane
Gold was steady. After hitting new highs, gold “immediately withdrew back” as Fed speakers overnight warned that rate cuts are still some way down the road, DailyFX said.The Wall Street Journal - World -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Kanté in France's Euro squad despite Saudi move
France coach Didier Deschamps included midfielder N'Golo Kanté in his preliminary list of players for the European Championship on Thursday and gave a first call-up to Paris Saint-Germain forward Bradley Barcola.ESPN - Sports -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - World -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - Business -
easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business -
Reddit-OpenAI deal highlights demand for social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.MarketWatch - Business -
Trump demands drug test for Biden ahead of first debate
Former President Trump said he wants President Biden to be drug-tested before their first debate. “I'm gonna demand a drug test too, by the way,” Trump said at the Minnesota Republican Party’s Lincoln Reagan Dinner Friday. “I am, no I really am. I ...The Hill - Politics - Joe Biden -
Why Wikileaks' Julian Assange faces US extradition demand
Wikileaks founder Julian Assange hopes to launch a new appeal.BBC News - Top stories -
Back From War, These I.D.F. Soldiers Demand New Leadership
Some reservists in the Israel Defense Forces who have returned home from war are joining the growing calls within Israel for Prime Minister Benjamin Netanyahu and his right-wing coalition to step aside.The New York Times - World -
U.S. Natural Gas Futures Add to Gains on Weather, Storage Outlook
U.S. natural gas futures extended their three-weeklong rally with early season heat in Texas driving demand and prospects of a gradual reduction in inventory surpluses.The Wall Street Journal - World -
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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 -
Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.CNBC - Business -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
Norwegian Cruise’s stock rises as profit outlook raised for 2nd time in 3 weeks
Norwegian Cruise Line’s stock rallied Monday, after the cruise operator raised its full-year profit outlook, again, citing continued “very strong demand.”MarketWatch - Business -
Olympians April Ross and Alix Klineman hope their return to AVP inspires moms
April Ross and Alix Klineman have earned Olympic gold medals. Their next big goal is to juggle raising babies while competing on the AVP tour.Yahoo Sports - Sports -
Rhythm Nation: how music gives Haiti hope amid the chaos
The country has been hit by decades of crises and catastrophe, but its culture continues to thrive across the diaspora. Here, Haitian musicians celebrate its ’sounds of freedom’. Even before March this year, when gun-toting gangs overran the ...The Guardian - World -
Trump Visits Minnesota, Hoping Its Political Divide Will Put It in Play
The Trump campaign says it can broaden the electoral battlefield with a play for Minnesota, but the state has disappointed Republicans for decades.The New York Times - Top stories - Donald Trump