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Cannabis stocks rally after report that DEA will reclassify drug as less dangerous
Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose moving cannabis to a Schedule III controlled substance.MarketWatch - Business -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
Hotel Workers Plan Rallies in 18 Cities Ahead of Contract Negotiations
Unionized employees of Marriott, Hilton, and Hyatt properties will take to the streets May 1, seeking major pay increases in a sign of organized labor's growing clout.Inc. - Business -
Sixers survive! Philly stages remarkable rally to force Game 6
Down six with less than 30 seconds left in regulation at MSG, Tyrese Maxey carried the 76ers to a wild overtime victory that extended their series with the Knicks.Yahoo Sports - Sports -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
Vinicius' double earns Real draw with Bayern
Vinicius Junior scores twice as Real Madrid come away with a draw in the first leg of their Champions League semi-final tie with Bayern Munich.BBC News - Top stories -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business -
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
Amazon has reported strong results for the first quarterABC News - Tech -
Pérez homers from both sides of plate in Tigers 11-6 win over Cardinals to split DH after losing 2-1
Wenceel Pérez hit homers from both sides of the plate to help the Detroit Tigers beat the St. Louis Cardinals 11-6 Tuesday night to split a doubleheaderABC News - Sports - MLB -
DNC uses billboards around Trump rallies in Wisconsin, Michigan to attack him on abortion
The Democratic National Committee (DNC) is greeting former President Trump's arrival in Wisconsin and Michigan for rallies on Wednesday with billboards aiming to remind voters of his record on abortion. The DNC is putting up two billboards in ...The Hill - Politics - Donald Trump -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.CNBC - Business -
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.CNBC - Business -
AMD’s mixed earnings reveal a company with a lot to prove — and the goods to do it
Why 2024 will be a year of sizeable growth for the chip maker.MarketWatch - Business -
Stocks Slip, Extending April Pullback
Indexes finished a downbeat month ahead of the Fed meeting and jobs data.The Wall Street Journal - World -
Chief Technology and Chief Product Officers Earn More Than CEOs at Early Stage Startups. Here's Why
When a company is trying to scale, certain skills come at a very high premium.Inc. - Business -
Alicia Keys, Brian d’Arcy James, Daniel Radcliffe and more react to earning Tony Award nominations
Some reactions from Tony Award nominees on Tuesday included Alicia Keys, who says she was unable to speak after her semi-autobiographical show “Hell's Kitchen” earned 13 nods, and veteran star Brian d’Arcy James who says: “These are very, very ...ABC News - Entertainment -
Coca-Cola beats first-quarter earnings estimates, raises annual revenue outlook
Coca-Cola Co. reported better-than-expected first-quarter results before market open Tuesday, boosted by what the beverage giant described as “a dynamic backdrop.”MarketWatch - Business -
Vinícius Júnior gives Real Madrid edge in semi-final after Kane rouses Bayern
These are Real Madrid’s principles, and if you don’t like them … well, they have others. Here Bayern Munich forced Carlo Ancelotti’s side to play not one game but several: an early defensive rearguard, a gradual arm-wrestle for control, a chaotic ...The Guardian - World -
Darvish earns 1st win of season and Machado hits 3-run double as Padres defeat Reds 6-4
Yu Darvish earned his first win of the season, pitching five shutout innings after coming off the injured list, and Manny Machado hit a three-run double as the San Diego Padres beat the Cincinnati Reds 6-4 to halt a five-game slideABC News - Sports - MLB -
CVS posts big earnings miss, cuts profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
S&P 500 Futures Edge Down as Interest-Rate Decision Looms
U.S. stock futures edged lower ahead of Federal Reserve decision on interest rates.The Wall Street Journal - World -
Pinterest Stock Jumps on Higher Revenue, Narrower Loss
Pinterest shares jumped after the social-media platform reported higher quarterly revenue and a narrower loss.The Wall Street Journal - World -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
Lumen’s stock gains after beat on free cash flow
Lumen’s CEO cited “expected headwinds” in the latest quarter’s results but the company maintained its full-year outlook.MarketWatch - Business -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Cannabis stocks surge as Biden administration moves to reclassify marijuana
Stocks linked to cannabis surged on an otherwise down day for the market.CNBC - Business - Joe Biden -
Worried About a Stock-Market Correction? Here's How to Lock in Recent Gains
The best course when stocks slide is for investors to stand pat, but “put” options are one way to hedge against a drop and lock in some profits.The Wall Street Journal - World -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
UK house prices fall unexpectedly for second month in a row
Nationwide data reflects impact of recent rise in mortgage ratesFinancial Times - Business - United Kingdom -
A Yeast-Like Bacteria Can Cut Carbon Emissions While Creating Sustainable Aviation Fuel and Sneakers
LanzaTech’s technology can cut steel plants’ CO2 output by a third while also creating ethanol for environmentally friendly plastics and fuel.The Wall Street Journal - World -
How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock
Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.The New York Times - Tech - Donald Trump -
The Last Stock Photographers Await Their Fate Under Generative AI
They survived the disruptive advent of digital cameras and online sales. Now stock photographers are bracing themselves for the next great tech shock: generative AI.The Wall Street Journal - World -
UK house prices fall unexpectedly for second month in a row
Nationwide data reflects impact of recent rise in mortgage ratesFinancial Times - Business - United Kingdom -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - Business -
UK house prices fall unexpectedly for second month in a row
Nationwide data reflects impact of recent rise in mortgage ratesFinancial Times - Business - United Kingdom -
UK house prices fall unexpectedly for second month in a row
Nationwide data reflects impact of recent rise in mortgage ratesFinancial Times - Business - United Kingdom