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G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Tech -
Google's parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.
Google’s parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.The Wall Street Journal - World -
STMicroelectronics slashes guidance over slump in automotive industry
The Swiss chipmaker reported an 18.4% drop in its first-quarter sales as it cut its guidance for the year.MarketWatch - Business -
Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.MarketWatch - Business -
Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs
Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.CNBC - Business -
As Alphabet follows Meta with a dividend, the pressure is now on Amazon
Dividends are a sign of maturing companies, but may also be a diversion for investors amid hefty capital spendingMarketWatch - Business -
Police 'missed opportunities' before Belfast murder
Police Ombudsman investigation finds PSNI failure to link Jim Donegan to intelligence about an unnamed threat.BBC News - Top stories -
Fernandez to miss rest of season after operation
Chelsea midfielder Enzo Fernandez will miss the rest of the season after undergoing successful surgery on a groin issue.BBC News - Top stories -
'Disgusted' Milkins throws cue after missed red
Robert Milkins throws his cue to the ground in disgust after missing a red during his World Snooker Championship second-round match against David Gilbert.BBC News - Top stories -
Alphabet shares jump 14% on earnings beat, first-ever dividend
Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.CNBC - Business -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Alphabet issues first ever dividend, $70 billion buyback
Alphabet said Thursday that it’s issuing a 20-cent per share dividend, the company’s first ever, and that its board authorized the repurchase of up to $70 billion in stock.NBC News - Top stories -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Google parent Alphabet hits $2tn valuation as it announces first dividend
Tech company’s shares rise as it plans to reward investors after strong quarterly results . Google’s parent company has hit a stock market value of $2tn (£1.6tn) as investors reacted to a declaration of its first ever dividend alongside strong ...The Guardian - World - Google -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - World -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - Business -
Google says it will miss target for ending third-party cookies
Google said Tuesday that it will no longer be able to complete its phaseout of third-party cookies by the end of 2024. “We recognize that there are ongoing challenges related to reconciling divergent feedback from the industry, regulators and ...The Hill - Politics - Google -
Erik Jones to miss time after fracturing back in crash at Talladega
Jones suffered a compression fracture in his lower vertebra after a vicious head-on hit into the turn 3 wallCBS Sports - Sports -
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.CNBC - Business -
They Entered College in Isolation and Leave in Protest: The Class That Missed Out on Fun
The pandemic left many students anxious and lonely, still choosing to go to class online, watch games on their phones and eat meals in their rooms. ‘We’ve never had a calm time when we can just focus on being kids.’The Wall Street Journal - World -
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Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues
Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street’s expectations.MarketWatch - Business -
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Bird flu cases are likely being missed in dairy workers, experts say
Are cases of bird flu being missed in dairy workers? Experts say it's likely that there are some cases going unreported. Protecting dairy workers should be a top priority.NBC News - Top stories -
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Tesla's Big Rally Drives the Nasdaq Higher
U.S. stocks have rebounded in recent days, after notching their worst week in more than a year.The Wall Street Journal - World -
Honda Commits to E.V.s With Big Investment in Canada
The Japanese automaker, which has been slow to sell electric vehicles, said it would invest $11 billion to make batteries and cars in Ontario.The New York Times - Business -
Biden speaks softly and carries a big diplomatic stick
Biden knows how to cultivate adversaries and preserve them by keeping mum on his work behind the scenes.The Hill - Politics - Joe Biden -
How big a threat to Humza Yousaf is a no-confidence vote?
How likely is the first minister to be ousted by a vote of confidence in the Scottish Parliament?BBC News - Top stories -
2024 Porsche Macan: A Big Step in EV Tech
The all-electric successor to the Macan compact SUV, the most popular model in Porsche’s lineup, is built on an upgraded EV platform—and now feistier than ever.The Wall Street Journal - World -
Europe risks dying and faces big decisions - Macron
The French president delivers a stark warning for Europe to act fast to survive in a changing world.BBC News - Top stories - Europe -
Biden's NLRB bows down to Big Labor
NLRB Chair Lauren McFerran would do well to contemplate whether the board’s reputation as an impartial adjudicator is worth compromising on behalf of union special interests.The Hill - Politics - Joe Biden -
Investors to Big Tech: Mind Your Pocketbook
Microsoft, Alphabet, Meta and Tesla have a combined $275 billion cash pile.The Wall Street Journal - World