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Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Drunken-Driving Deaths Are Up. Why Are DUI Arrests Down?
About 13,500 people died in alcohol-impairment crashes in 2022, but DUI arrests in recent years have sunk to multidecade lows.The Wall Street Journal - World -
Elliott and Warren Buffett Are Now Both Bullish on Japan
Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm’s shares are up 10% this week.The Wall Street Journal - World - Japan -
The Morning Risk Report
The CFTC names its first chief artificial intelligence officer. Dropbox discloses a cyberattack. Plus, a survey finds that most companies lack the technology needed to meet future sustainability requirements.The Wall Street Journal - World -
'Uncle Vanya' Review: Steve Carell in a Disconnected Drama
The actor stars in Chekhov’s classic at Lincoln Center Theater, where both cast and staging struggle to cohere.The Wall Street Journal - World -
U.S. Natural Gas Futures Extend Gains After Storage Report
U.S. natural gas futures pressed higher as the weekly build in inventories comes in roughly in line with expectations.The Wall Street Journal - World -
'529' Plans Are Getting a Lot More Flexible---and Useful---This Year
Among other things, you can now roll over unused funds to Roth IRAs. But conditions apply.The Wall Street Journal - World -
Police Move In on UCLA Encampment After Tense Standoff With Protesters
Officers detained hundreds of pro-Palestinian protesters a day after clashes at the school.The Wall Street Journal - World -
'The Fall Guy' Review: Ryan Gosling's Blundering Blockbuster
The actor leads this action extravaganza, alongside Emily Blunt and Aaron Taylor-Johnson, about a stuntman who goes searching for his missing star.The Wall Street Journal - World -
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Third Point made ‘substantial investment’ in Alphabet as shares fell on Google’s Gemini fiasco
Daniel Loeb’s hedge fund said it believes Alphabet is well positioned to capitalize on the rise of AI,MarketWatch - Business -
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Number of writers jailed in China exceeds 100 for first time, says report
Freedom to Write index says there are 107 people in prison for published content in China, with many accused of ‘picking quarrels’. The number of writers jailed in China has surpassed 100, with nearly half imprisoned for online expression.. The ...The Guardian - World - China -
Record Number of Writers Were Jailed Globally in 2023, PEN America Says
For the first time, China has more than 100 incarcerated writers, and Israel and Russia entered the list of the 10 countries with the most imprisoned writers.The New York Times - World -
China is an enemy of the U.S. for a growing number of Americans, Pew poll shows
Americans overwhelmingly hold an unfavorable view of China, with an increasing number labeling the nation as an enemy of the U.S., according to a new survey.CNBC - Business - China -
Number of Americans applying for jobless claims remains historically low
The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflationABC News - Top stories -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
The Stock Market Could Be Calmer
The Fed’s interference creates volatility and raises capital costs.The Wall Street Journal - World -
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 -
Ezekiel Elliott changes jersey number: 'I just kind of look at it as a different era'
Why Elliott is going with a new look on a familiar teamCBS Sports - Sports -
A growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life.
A growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life.The Wall Street Journal - World -
The Fantasy Baseball Numbers Do Lie: One of 2024's true breakouts is hiding in Chicago
Fantasy baseball analyst Dalton Del Don exposes some fraudulent statistics as we near the close of Week 4.Yahoo Sports - Sports -
Stocks Slip, Extending April Pullback
Indexes finished a downbeat month ahead of the Fed meeting and jobs data.The Wall Street Journal - World -
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 -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.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 -
Reclassifying Cannabis Still Leaves Pot Stocks in Limbo
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco.The Wall Street Journal - World -
Warner Bros. Discovery stock falls to all-time low
Shares in Warner Bros. Discovery plummeted to an all-time low Tuesday, as the company fights to retain broadcasting rights to the NBA and shore up Wall Street's confidence in its financial future. The company's stock was trading at less than $8 ...The Hill - Politics -
Starbucks’ ‘grande headwinds’ lead to rare downgrades for the stock
Starbucks Corp. worse-than-expected quarter and grim predictions for the year brews a mix of discontent and hope on Wall Street.MarketWatch - Business -
Cardinal Health’s stock falls on mixed quarterly results
Cardinal Health’s shares fell premarket Thursday after the company reported mixed quarterly results but raised its full-year profit outlook.MarketWatch - Business -
Wendy’s stock jumps as burger chain points to successes in advertising
Wendy’s highlighted the impact of same-restaurant sales growth, advertising, franchise-royalty revenue and its share-buyback program on its results.MarketWatch - Business -
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 -
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 -
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 -
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