Expected Loss
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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 -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
The Loss in Gaza Captured in One Photo
Every death of a child from the war in Gaza is a preventable tragedy.The New York Times - Top stories -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Texas Democrat declares innocence ahead of expected indictment
Rep. Henry Cuellar (D-Texas) addressed an expected indictment following reports the Justice Department is preparing charges against him, saying he is “innocent of these allegations” and still plans to seek reelection. The Justice Department ...The Hill - Politics -
The age of the solar sail is arriving sooner than expected
A working solar sail system creates a range of possibilities for cheap planetary missions.The Hill - Politics -
Boy Is Found Dead in Texas After Being Swept Away in Floodwaters
A 5-year-old boy died on Sunday in Johnson County, Texas, after being swept away by floodwaters, the authorities said.The New York Times - Top stories -
'Frustrating': Lillard laments injuries after loss
Damian Lillard returned from his right Achilles injury, but the Bucks lost to the Pacers to end their season. Giannis Antetokounmpo missed the entire playoff series because of a left calf strain.ESPN - Sports -
Conservatives battered in local elections as losses mount
Labour hails ‘seismic’ by-election result as Tories haemorrhage council seats but hold on to Tees ValleyFinancial Times - Business -
OPEC+ Likely to Extend Output Curbs Beyond 2Q, JPMorgan Says
OPEC and its allies are likely to extend their voluntary production cuts beyond the second quarter at their upcoming meeting in June, according to JPMorgan.The Wall Street Journal - World -
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'Embarrassing' Burnley 'doomed' after heavy loss
Burnley's 12th defeat at home this season means they are five points adrift of 17th-placed Nottingham Forest with two games remaining.BBC News - Top stories