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Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Interest rates expected to stay at 16-year high
The Bank of England will decide interest rates later, but is not expected to cut them until the summer.BBC News - Top stories -
China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow
China's customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts.CNBC - Business - China -
Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance
Airbnb reported first-quarter results on Wednesday that beat analysts' estimates.CNBC - Business -
U.S. Stalls Weapons Shipment to Israel in Bid to Stop Rafah Offensive
The Biden administration said it is concerned about how the weapons, including 2,000-pound bombs, would be used in urban areas of Gaza.The Wall Street Journal - World - Israel -
Biden Warns U.S. Deliveries of Some Weapons Will Halt if Israel Invades Rafah
The president, in comments to CNN, used his strongest language yet in seeking to deter Israel’s planned full-scale invasion of the Gazan city. He also acknowledged that American bombs have killed innocent Palestinians.The New York Times - World - Joe Biden -
Biden says he'll stop sending offensive weapons to Israel if it invades Rafah
President Biden on Wednesday warned he would stop supplying Israel with offensive weapons like bombs and artillery shells if Israeli forces launch an invasion of Rafah, laying down a clear line amid outcry over the conflict in Gaza. "Civilians ...The Hill - Politics - Joe Biden -
Biden warns U.S. will cut off offensive weapons if Israel invades Rafah
President Joe Biden said Wednesday the U.S. would not supply Israel with certain weapons and artillery shells if its military invades Rafah, a city in southern Gaza where more than 1 million people are sheltering.NBC News - Top stories - Joe Biden -
Biden says U.S. won't supply Israel with weapons for Rafah offensive
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.CBS News - Politics - Joe Biden -
Israel shells Rafah as Biden warns against major ground offensive
Heavy shelling is reported in the city, as Joe Biden says the US won't supply weapons and artillery shells for a major offensive.BBC News - Top stories - Joe Biden -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Biden campaigning in Wisconsin, expected to announce expansion of Microsoft facility
President Biden is hitting the campaign trail in Wisconsin Wednesday, where he's expected to tout his Investing in America agenda and announce the expansion of a Microsoft Data Center in the state. CBS News campaign reporter Aaron Navarro has more.CBS News - Top stories - Joe Biden -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall
Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street’s expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in ...MarketWatch - Business -
Commanders' Jayden Daniels addresses if he expects to start immediately
Washington is about to break an NFL record for different starting quarterbacksCBS Sports - Sports -
Malaysia Central Bank Holds Rates Steady, as Widely Expected
Malaysia’s central bank held its benchmark interest rate unchanged again, extending its policy pause to a year as it keeps a watchful eye on growth and inflation.The Wall Street Journal - World -
U.K. Can Expect Two Rate Cuts This Year, NIESR Says
The Bank of England will likely make its first move in August, despite a weak outlook for economic growth.The Wall Street Journal - World - United Kingdom -
Rome Odunze says there's 'no limit' to what Bears offense can do with Caleb Williams at quarterback
Chicago revamped its offense in the draftCBS Sports - Sports -
US says hold on weapons delivery won’t be a one-off if Israel presses ahead with Rafah offensive – live
US officials suggest already approved arms deliveries could be delayed and new shipments could face obstacles. Following the Biden administration’s decision to pause a weapons shipment to Israel over its plans for a Rafah invasion, Senator Bernie ...The Guardian - World - Israel -
US signals to Israel more arms shipments could be paused over Rafah offensive
Move would mark significant pivot in relations as pressure builds on Israel to pull back from attack . US officials have signalled to Israel that more arms shipments could be delayed if the Israeli military pushes ahead with an offensive in Rafah, ...The Guardian - World - Israel -
Toronto's Chris Bassitt shuts down Phillies' offense, ends home winning streak at 11 games
Chris Bassitt tossed three-hit ball and struck out six over 6 2/3 innings and Vladimir Guerrero Jr. had three hits and an RBI to lead the Toronto Blue Jays to a 5-3 victory that ended the Philadelphia Phillies’ home winning streak at 11 gamesABC News - Sports -
Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.MarketWatch - Business -
Brutal summer heat expected in US as planet records 11th consecutive warmest month
Earth has just experienced its 11th-hottest month on record -- a preview of the brutal temperatures forecast for the summer, according to scientists.ABC News - Top stories -
Biden says Microsoft's new data center in Wisconsin expected to create thousands of jobs
President Biden highlighted Microsoft's plans to build a new data center during his recent visit to Wisconsin, saying it would be transformative and likely create thousands of jobs. CBS News campaign reporter Aaron Navarro has more.CBS News - Top stories - Joe Biden -
Bank of England expected to wait for more evidence that inflation is under control before rate cut
The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn’t be a huge surprise as inflation falls from multi-decade highsABC News - World -
Israel-Gaza war live: Biden warns Israel if it goes into Rafah, ‘I’m not supplying the weapons’
The US president tells CNN he has made it clear to Benjamin Netanyahu that a major offensive on the Gaza city would mean a halt to more weapons shipments. Analysis: Biden seeks to pull rank in US-Israel relationshipAt least 34,844 Palestinians ...The Guardian - World - Israel -
Home builders’ stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.
Demand for new homes has been strong, despite high mortgage-loan rates.MarketWatch - Business -
Intel said its revenue for the current quarter would be lower than expected amid new restrictions on sales by chip makers to Huawei.
Intel said its revenue for the current quarter would be lower than expected amid new restrictions on sales by chip makers to Huawei.The Wall Street Journal - World -
AB InBev said its volumes dropped by less than expected in the first quarter and the brewer backed its guidance after saying that its three-month performance was encouraging.
AB InBev said its volumes dropped by less than expected in the first quarter and the brewer backed its guidance after saying that its three-month performance was encouraging.The Wall Street Journal - World