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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 -
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 -
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 -
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 -
Conservative Judges Plan to Blackball Columbia University Graduates
More than a dozen Trump appointees have signed a letter critical of the school’s response to student protests and academic-integrity issues.The Wall Street Journal - World -
Why Judges Are Boycotting Law Clerks From Columbia
The reputational costs from our boycott ought to provoke some soul-searching at the school.The Wall Street Journal - World