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U.S. economic growth slower than expected in 2024's first quarter
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why ...CBS News - Top stories -
NFL Draft Latest: Caleb Williams to Bears, record six QBs taken in first 12 picks
The Chicago Bears picked USC quarterback Caleb Williams to open the 2024 NFL draft, the first of six QBs in the top 12 picksABC News - Sports - NFL -
Microsoft’s heavy bet on AI pays off as it beats expectations in second quarter
World’s largest public company reports $61.86bn revenue after investing billions into artificial intelligence. Profits at Microsoft beat Wall Street’s expectations as its heavy bet on artificial intelligence continued to bear fruit in the second ...The Guardian - World -
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.The Wall Street Journal - World - Japan -
The WSJ Dollar Index Rises 0.5% to 100.62
The WSJ Dollar Index is up 0.5% to 100.62 — higher for two of the past three trading days.The Wall Street Journal - World -
AI is evolving and investors need to change with it. Here’s what to expect.
Understanding the shifting landscape is key.MarketWatch - Business -
AbbVie’s first-quarter results top expectations as arthritis drugs fuel growth
AbbVie on Friday reported first-quarter results that beat expectations even as sales of its blockbuster autoimmune drug Humira continued to fall.MarketWatch - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
More than 2 dozen reported tornadoes in 3 states amid outbreak in the Plains
The highest tornado threat exists from the Dallas region north to Des Moines, Iowa.ABC News - Top stories -
Power plant rule expected to speed shift away from coal
Welcome to The Hill's Energy & Environment newsletter {beacon} Energy & Environment Energy & Environment The Big Story New climate rule could speed shift away from coal The Biden administration’s new climate rule for power plants is expected to ...The Hill - Politics -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Oklahoma and Iowa Tornadoes Kill at Least 5, Officials Say
An infant was among those killed, officials said. Parts of five states — Arkansas, Louisiana, Oklahoma, Missouri and Texas — were under a tornado watch on Sunday.The New York Times - Top stories -
Biden crackdown on power plants expected to speed shift away from coal
The Biden administration's crackdown on power plants' planet-warming emissions will accelerate a shift away from coal, and potentially speed the U.S.'s adoption of renewable energy sources. The administration this past week announced a new rule ...The Hill - Politics - Joe Biden -
Paramount expected to fire CEO Bob Bakish after clash with Shari Redstone
Company weighs deal with Skydance as Sony and Apollo prepare counter-offerFinancial Times - Business -
WeWork agrees restructuring deal that shuts out Neumann comeback bid
Agreement would give senior creditors control of reorganised co-working company in exchange for $450mnFinancial Times - Business -
Sticky German inflation curbs investors’ ECB rate cut expectations
Energy and food figures highlight ‘last mile’ challenge of bringing prices close to central bank’s targetFinancial Times - World - Germany -
WeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bid
If approved agreement would give senior creditors control of reorganised co-working company in exchange for $450mnFinancial Times - Business -
WeWork agrees restructuring deal that shuts out Neumann comeback bid
Agreement would give senior creditors control of reorganised co-working company in exchange for $450mnFinancial Times - Business -
WeWork agrees restructuring deal that shuts out Neumann comeback bid
Agreement would give senior creditors control of reorganised co-working company in exchange for $450mnFinancial Times - Business -
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Cicadas swarm South, with trillions expected for the biggest invasion in centuries
Cicadas are swarming the South, marking the start of what's set to be their biggest invasion in centuries. Trillions of cicadas are expected to emerge, already clinging to homes, with their buzzing prompting noise complaints. NBC News’ Kathy Park ...NBC News - Top stories -
Forget Trump — the American media is on trial in New York
Back during the Trump years, the media spent an inordinate amount of time dissecting every last detail of this tabloid journalism fodder we’re now seeing play out in a New York City courtroom — which is meaningless to the lives of nearly every ...The Hill - Politics - New York -
Hamas Releases Video of Wounded American-Israeli Hostage
The family of the hostage, Hersh Goldberg-Polin, gave permission for the video to be published and used after it was released by Hamas, underscoring the plight of relatives who are lobbying for a cease-fire deal after more than six months of war.The Wall Street Journal - World - Israel -
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
US president says ‘we need to move fast’ as Ukrainian troops falter on front linesFinancial Times - Business - Joe Biden -
Mining giant BHP proposes buyout of Anglo American
The UK-based mining giant Anglo American says it has received a takeover proposal from Australia's BHP.BBC News - Top stories -
Anglo American shares rally after BHP takeover approach — could lead to biggest deal of the year
BHP said it’s looking to offer 0.7097 of its shares for each Anglo American share. It now has a month to make a formal offer.MarketWatch - Business -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
Video released of Israeli American hostage captured by Hamas
Hersh Goldberg-Polin is one of five Americans still believed to be alive and in Hamas captivity since fighting broke out in the regions last year. His parents speak to NBC’s Raf Sanchez after the release of an undated video in which he's seen ...NBC News - Top stories - Israel -
BHP will have to dig deeper for Anglo American’s copper
Any deal would need South African government’s approval while cost savings are another issueFinancial Times - Business -
Two American pastimes: Baseball and theft by government
It would be fitting for Clemente to hit yet another home run — this time for freedom — a full five decades after his last at bat.The Hill - Politics -
More Americans have little, no confidence in Netanyahu: Poll
An increasing number of Americans have little to no trust in Israeli Prime Minister Benjamin Netaynahu's handling of world affairs, according to a new poll. A new report, issued Thursday by Pew Research Center, found 53 percent of U.S. adults said ...The Hill - Politics -
American Leaders Need to Close the Cookie Jar
They seem to have forgotten how. Fortunately, readers have some suggestions.The Wall Street Journal - World -
Do the GDP and Dow Reflect American Well-Being?
Do the GDP and Dow Reflect American Well-Being?The Wall Street Journal - World -
Can Biden Revive the Fortunes of American Workers?
He’s the most pro-labor president since Harry Truman. Is that enough?The New York Times - Top stories - Joe Biden -
Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - World - China -
Why South Africa is Anglo American’s ‘poison pill’
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the countryFinancial Times - Business -
Why South Africa is Anglo American’s ‘poison pill’
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the countryFinancial Times - Business -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business