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FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business -
I’m Suing Meta So Users of Facebook Can Control the Content They See
We must be able to create a more civic-minded internet, with tools that would empower users to better control what they see.The New York Times - Top stories - Facebook -
Zach Johnson celebrates 500th PGA Tour start and in contention at CJ Cup Byron Nelson
This week’s CJ Cup Byron Nelson is Johnson’s 500th career start, a milestone that seemed unthinkable.Yahoo Sports - Sports - Golf -
Tony Hawk's Pro Skater 3 + 4 Remake Was Reportedly Rejected In Favor Of More Call Of Duty Content
After the launch of Tony Hawk's Pro Skater 1 + 2 in 2020, developer Vicarious Visions reportedly pitched a second remake for the third and fourth games, but these plans were nixed in favor of the developer working as a Call of Duty support studio. ...GameSpot - Tech -
Berkshire Reports Strong Earnings and Formidable Cash Stockpile
The company also disclosed in its first-quarter earnings that it had trimmed its stake in Apple, but Warren Buffett, its C.E.O., said he remained a fan of Apple.The New York Times - Business -
Comex Gold Settles 1% Higher
Front-month Comex gold for May delivery settled 1% higher on improved hopes for U.S. interest rate cuts after promising economic data on Friday.The Wall Street Journal - World -
Li Auto Shares Gain on Strong L6 Orders
Li Auto shares rose sharply after the Chinese electric-vehicle maker posted strong orders for its first model priced under 300,000 yuan, or the equivalent of nearly $41,452.The Wall Street Journal - World -
Li Auto Shares Gain on Strong L6 Orders
Li Auto shares rose sharply after the Chinese electric-vehicle maker posted strong orders for its first model priced under 300,000 yuan, or the equivalent of nearly $41,452.The Wall Street Journal - Business -
UniCredit Upbeat on Outlook After Strong First Quarter
UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income.The Wall Street Journal - World -
Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
Canada Dollar Weakness to Extend Into 2H on Rate Cuts, Asset Sales
The stage is set for continued Canadian dollar weakness, National Bank Financial said. Meanwhile, the U.S. dollar edged higher in afternoon trading in New York.The Wall Street Journal - World -
PWHL's strong first season coincides with a growing appetite for women's sports
The inaugural season of the Professional Women's Hockey League has set one attendance record after another while putting the sport on the map across North America outside the OlympicsABC News - Sports -
Palantir logs earnings beat, but stock cools down in the wake of sharp rally
Palantir Technologies Inc. shares ran up on Monday ahead of the software company’s latest earnings report, but they were giving back those gains in the extended session after the results came out.MarketWatch - Business -
Strong Labor Market Steadied Social Security and Medicare Funds
The social safety net programs continue to face long-term shortfalls as lawmakers wrestle over changes.The New York Times - Business -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
U.S. Jobs Growth Set to Slow
The Conference Board’s employment trends index fell to 111.25 in April from a downwardly revised 112.16 in March.The Wall Street Journal - World -
Drive a Car, Not a Computer
I don’t want to stare at yet another computer screen while I’m driving.The Wall Street Journal - World -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business -
Reese, Cardoso debuts spark popular livestream
The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media livestream from a fan who stepped in when the league's app couldn't broadcast the game.ESPN - Sports -
FirstFT: Global trade growth set to double
Also in today’s newsletter, Hamas accepts hostage proposal and problems at St James’s PlaceFinancial Times - World -
US employers scaled back hiring in April but still added 175,000 jobs
The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job marketABC News - Top stories -
Henderson's Take: Just How Strong Is U.S. Manufacturing? Trucks and Fuel Send a Troubling Message
A recent ISM report suggested manufacturing expanded in March. But truck demand and diesel prices are down.The Wall Street Journal - World -
Suárez has strong 6-inning outing as the streaking Phillies rout the Giants 14-3
Ranger Suárez pitched six strong innings, Whit Merrifield homered and the streaking Philadelphia Phillies routed the San Francisco Giants 14-3 on Saturday nightABC News - Sports - MLB -
Guardians prospect Chase DeLauter, No. 46 in MLB, breaks foot again, sidelining outfielder after strong spring
DeLauter had surgery on the same foot while playing at James Madison UniversityCBS Sports - Sports - MLB -
Rays beat Mets 3-1 to spoil strong MLB debut by New York's Scott; Cash picks up 755th victory
Pinch hitter Austin Shenton’s bases-loaded walk scored a tiebreaking run in the eighth inning and the Tampa Bay Rays beat the New York Mets 3-1 on Saturday nightABC News - Sports - MLB -
Flight Centre's Top Executive Sees Growth Without Major M&A
Flight Centre’s top executive says the Australia-based travel company is well-positioned to grow without more major deals, though smaller acquisitions are still possible in specialized areas.The Wall Street Journal - World -
Yellen Calls Threats to Democracy Risks to U.S. Economic Growth
In a rare comment on politics--and an indirect swipe at former President Donald Trump--the Treasury Secretary says "democracy is critical to building and sustaining a strong economy."Inc. - Business -
Bombardier Sets Course Beyond Jet Making for Future Growth
The Canadian business-jet manufacturer said it plans to focus on three segments—defense, aftermarket services and selling pre-owned certified aircraft—as key pillars to grow its revenue and cash reserves in the coming years.The Wall Street Journal - World -
Bombardier Sets Course Beyond Jet Making for Future Growth
The Canadian business-jet manufacturer said it plans to focus on three segments—defense, aftermarket services and selling pre-owned certified aircraft—as key pillars to grow its revenue and cash reserves in the coming years.The Wall Street Journal - Business -
Warren Buffett says AI scamming will be the next big 'growth industry'
Artificial intelligence has both "enormous potential for good and enormous potential for harm," the investing guru said during Berkshire's annual meeting.CNBC - Business