Proposed Gop Spending Cuts
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Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
The State Department Kept His Proposal on Course
Ben Krauss flew to Athens to propose to Shana Mansbach, with the help of her State Department colleagues, on the last stop of a European tour.The New York Times - Lifestyle -
Is Big Tech's Spending Stifling AI Startups Innovations?
Critics say technology giants' multibillion-dollar spending on AI infrastructure makes it hard for startups to compete.Inc. - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Using debt to finance government spending is not a free lunch
Government debt can be a valuable tool — but it has consequences.MarketWatch - Business -
Construction spending posts bigger-than-expected drop
Construction spending fell 0.2% in March, the Commerce Department reported Wednesday.MarketWatch - Business -
Giuliani’s Bankruptcy Creditors Demand to Know His Spending
Rudy Giuliani promised a bankruptcy court that he would limit his spending, but it didn’t take long before he broke that pledge, and by a lot.The New York Times - Top stories -
Johnson & Johnson proposes $6.5bn deal to settle talc cancer lawsuits
Drugmaker could fast track subsidiary’s bankruptcy process if 75% of claimants vote in favour of new planFinancial Times - Business -
Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer
The offer is the company’s third attempt to resolve tens of thousands of claims that its baby powder caused ovarian cancer and mesothelioma.The New York Times - Business -
World awaits Hamas response to Israel cease-fire, hostage release proposal
Israel has submitted a proposal for a potential temporary cease-fire and hostage release deal that Hamas has not yet replied to. CBS News foreign correspondent Ramy Inocencio has more on the negotiation efforts.CBS News - Top stories - Israel -
Democratic Senate hopeful proposes 'pausing' filibuster for abortion and voting rights
Florida Democrat Debbie Mucarsel-Powell is leaning into abortion rights in her underdog campaign against GOP Sen. Rick Scott.NBC News - Politics - Abortion -
Democratic Senate hopeful proposes 'pausing' filibuster for abortion and voting rights
Florida Democrat Debbie Mucarsel-Powell is leaning into abortion rights in her underdog campaign against GOP Sen. Rick Scott.NBC News - Top stories - Abortion -
Colombia to cut diplomatic ties with Israel
Colombian President Gustavo Petro said Wednesday he plans to sever diplomatic ties with Israel over the Middle Eastern country’s conduct in its war against Hamas in Gaza. Speaking at a May Day rally in Bogotá’s central Plaza de Bolívar, Petro ...The Hill - Politics - Israel -
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Don't hold out for rate cuts
Presented by BP — The Fed may not cut until November. {beacon} View Online Business & Economy Business & Economy PRESENTED BY The Big Story High interest rates aren't going anywhere The central bank doesn't expect to cut rates anytime soon as ...The Hill - Politics -
‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower
The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.The New York Times - Tech -
Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
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Investment arm of UK international development plans to boost Africa spending
Nick O’Donohoe says British International Investment ‘needs to be stepping forward’ as it eyes renewable energy sectorFinancial Times - World - United Kingdom -
Investment arm of UK international development plans to boost Africa spending
Nick O’Donohoe says British International Investment ‘needs to be stepping forward’ as it eyes renewable energy sectorFinancial Times - Business - United Kingdom -
Council spends £1.34m buying back land wrongly sold to developers
The council says it wrongly deemed the land as being surplus to requirements, back in 2017.BBC News - Top stories -
Analysis: The Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage today for a summer rate cut.The Wall Street Journal - World -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Analysis: Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage for a summer rate cut.The Wall Street Journal - World -
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A proposed ban in Kansas on gender-affirming care for minors dies when lawmakers fail to override the governor's veto
A proposed ban in Kansas on gender-affirming care for minors dies when lawmakers fail to override the governor's vetoABC News - Health -
Attorney General Garland plans to endorse DEA proposal to reclassify marijuana as less dangerous drug, AP source says
Attorney General Garland plans to endorse DEA proposal to reclassify marijuana as less dangerous drug, AP source saysABC News - Health -
Middle East Crisis: Hamas Resists Israel’s Latest Cease-Fire Offer
The U.S. secretary of state is on a tour of the Middle East to press for a cease-fire deal, but a Hamas spokesman said the group could not accept the latest Israeli proposal without changes.The New York Times - World - Israel -
J&J proposing to pay $6.5B to resolve almost all talc ovarian cancer suits
A subsidiary of Johnson & Johnson (J&J) is proposing to pay nearly $6.5 billion to resolve nearly all the talc ovarian cancer lawsuits brought against the company. J&J said the subsidiary plans to pay about $6.475 billion over 25 years to settle ...The Hill - Politics -
FDA misses own deadline to propose ban on cancer-linked formaldehyde from hair relaxers
A proposal to ban formaldehyde in hair-straightening products that was scheduled to take place in April has not been released by the Food and Drug Administration, disregarding the agency’s own deadline.NBC News - Top stories -
FDA misses own deadline to propose ban on cancer-linked formaldehyde from hair relaxers
A proposal to ban formaldehyde in hair-straightening products that was scheduled to take place in April has not been released by the Food and Drug Administration, disregarding the agency’s own deadline.NBC News - Politics -
Russia proposes UN resolution on banning weapons in space, after vetoing similar UN-Japan draft
Russia has circulated a U.N. resolution calling on all countries to take urgent action to prevent putting weapons in outer space “for all time” a week after it vetoed a U.S.-Japan resolution to stop an arms race in spaceABC News - Tech - Russia -
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 -
Walmart launched its bettergoodspremium foods private label,aiming to attract new shoppers andprompt customers to spend more.
Walmart launched its bettergoods premium foods private label, aiming to attract new shoppers and prompt customers to spend more.The Wall Street Journal - World -
Airbnb plans to list Paris museum, house owned by Prince on website
Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settingsABC News - Entertainment -
Who Lost the House GOP Majority?
Marjorie Taylor Greene will fail to oust Speaker Mike Johnson.The Wall Street Journal - World -
Jags cut WR Jones after picking Thomas in draft
The Jaguars have released wide receiver Zay Jones, the team announced Tuesday.ESPN - Sports - NFL