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Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - Top stories -
Home prices reach record highs again in February
Home prices in February increased by 6.4 percent year-over-year, according to the S&P CoreLogic Case-Shiller national home price index, released Tuesday. In January, home prices jumped by 6 percent year over year, according to the index, the ...The Hill - Politics -
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.The New York Times - 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 -
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 -
Nvidia is chip sector’s only hope after AMD and Super Micro disappoint
Investors better hope that Nvidia Corp. exceeds Wall Street’s current expectations, after Tuesday’s disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.MarketWatch - Business -
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Trump claims ‘paid agitators’ part of Columbia pro-Palestine protests
Former President Trump made unfounded claims Tuesday that pro-Palestine protests at Columbia University contained "paid agitators" as nationwide college campus protests escalate. Hundreds of New York Police Department officers, many with batons ...The Hill - Politics - Donald Trump -
The Islamic State group claims Afghanistan mosque bombing that killed 6 people
The Islamic State group has claimed responsibility for a deadly shooting targeting members of the country's minority Shiite community inside a mosque in western Afghanistan that killed six peopleABC News - World -
Werner Spitz, Forensic Expert in High-Profile Murders, Dies at 97
He figured in the examination of sensational cases involving President John F. Kennedy, Martin Luther King Jr., O.J. Simpson and others.The New York Times - Top stories -
High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.The New York Times - Business - Federal Reserve -
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Werner Spitz, Forensic Expert in High-Profile Murders, Dies at 97
He figured in the examination of sensational cases involving President John F. Kennedy, Martin Luther King Jr., O.J. Simpson and others.The New York Times - Science -
Corn to Power Airplanes? Biden Administration Sets a High Bar.
Producers of biofuels like ethanol, which could help create a new generation of jet fuel, would have to overhaul their practices to receive tax credits.The New York Times - Top stories - Joe Biden -
Michelle Obama surprises high school students in DC on College Signing Day
Former First Lady Michelle Obama surprised high school students from Washington, D.C., Maryland and Virginia to celebrate College Signing Day and their decision to pursue higher education. “Look, on a day when so much is about looking ahead, I ...The Hill - Politics -
Treasury yields hold near 2024 highs as traders eye Fed decision
Bond yields were little changed early Wednesday, holding near five-month highs as investors expect the Federal Reserve to affirm market predictions that a rate cut may not be coming until much later in the year.MarketWatch - Business -
To put bloom back on UCLA, new coach DeShaun Foster and staff rip up Chip Kelly's blueprint
In the two months since Chip Kelly left the building on his way to Ohio State, the Bruins have charted a different pathCBS Sports - Sports -
Mali Claims Death of Islamic State Terrorist Who Helped Lead Ambush in Niger
The West African country said it killed Abu Huzeifa, a commander in an Islamic State affiliate who was involved in a 2017 attack in neighboring Niger that killed American Green Berets and Nigerien forces.The New York Times - World -
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump Media
A Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the companyABC News - Tech - Donald Trump -
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media ...ABC News - Tech -
Australia expelled two Indian intelligence operatives in 2020 as part of ‘nest of spies’, reports claim
Asio director general Mike Burgess had referred to expulsion of foreign operatives in 2021 speech but did not name country behind threat . Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or ...The Guardian - World - Australia -
Over $1 billion in unclaimed tax refunds is set to expire in just over 2 weeks, IRS says—here’s how to claim yours
The IRS says it's holding onto over $1 billion in unclaimed tax refunds. Filers have until May 17 to claim their potential portion. How to get started.CNBC - Business -
Eli Lilly assures investors it can overcome the high-quality problem of too much demand
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.CNBC - Business -
NBA offseason: What is the CBA’s second apron? And how does it limit high-spending teams?
The second apron is a new, additional threshold, slated as roughly $11 million ($190 million total) above the first apron for the 2024-25 league season. It will handicap team decision-makers more than ever before.Yahoo Sports - Sports - NBA -
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.The Wall Street Journal - World