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'Speed Capital' Review: How the Indy 500 Was Born
Road racing in the early 20th century was popular, but hard to watch as the cars zoomed by. Indianapolis changed that.The Wall Street Journal - World -
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Siemens to Sell Innomotics to KPS Capital Partners for $3.8 Billion
Siemens agreed to sell its Innomotics large motors business to private-equity firm KPS Capital Partners, the latest move by the German industrial giant to reshuffle its portfolio.The Wall Street Journal - Business -
New Caledonia 'under siege' from rioting, says capital's mayor
Hundreds of French gendarmes are trying to secure the road from Nouméa to the airport, officials say.BBC News - Top stories -
Gunfire in Congo’s capital as men in military uniform clash with politician's guards
Congo’s army says it has foiled a coup attempt and arrested the perpetrators, including several foreignersABC News - World -
Dimon Led Bank CEOs to Fend Off Tougher Capital Rules
Regulators discuss slashing proposed capital requirements in sign of banks’ increasing clout.The Wall Street Journal - World -
Greenlight Capital’s clash with a former employee has captivated the hedge-fund world
James Fishback, 29, says he was employed as Head of Macro at Greenlight Capital. The New York hedge fund says that position never existed.MarketWatch - Business -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World -
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Linklaters raises junior lawyer pay to £150,000
‘Magic circle’ firm matches Freshfields’ recent move as talent war heats upFinancial Times - Business -
Haley protest votes raise red flags for Trump
The tens of thousands of primary votes cast in favor of Nikki Haley over the last several months are underscoring the apparent discontent many Republicans feel with former President Trump as their presumptive nominee, raising alarm for his ...The Hill - Politics - Donald Trump -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Ex-Employees Raise Concerns About Safety at OpenAI
Former employees of the ChatGPT maker raised concerns that it isn’t doing enough to make sure its products don’t pose a threat to humanity.The New York Times - Business -
As killings surge, Haitians struggle to bury loved ones and find closure in violent capital
Finding closure for loved ones killed by gangs on a relentless rampage through Haiti’s capital and beyond is growing harder day by day in a country where burial rituals are sacred and the dead veneratedABC News - World -
Gunfire heard in Congo’s capital as men in military uniform clash with a politician’s guards near the president's office
Gunfire heard in Congo’s capital as men in military uniform clash with a politician’s guards near the president's officeABC News - World -
Efforts by JPMorgan's Jamie Dimon and other big-bank chief executives to resist Fed proposals that the lenders hold more capital appear to be paying off.
Efforts by JPMorgan’s Jamie Dimon and other big-bank chief executives to resist Fed proposals that the lenders hold more capital appear to be paying off.The Wall Street Journal - World -
Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
At least one party, the opposition Progress Slovakia, said it would suspend its campaign, in a move to help “end the spiral of attacks and blame.”The New York Times - Top stories -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Republican Jewish Coalition commits to raising $5M for Trump reelection
A major Republican grassroots Jewish group is pledging to raise at least $5 million for former President Trump's reelection campaign, calling it the organization's "largest effort" to shore up Jewish support. The Republican Jewish Coalition (RJC) ...The Hill - Politics - Donald Trump -
Param Labs raises $7M to fund gaming ecosystem development
Param Labs announced it's raised $7 million in its latest funding round to fund its modular gaming ecosystem.VentureBeat - Tech -
GameSquare spins off creator-focused FaZe Media, raising $11M
GameSquare has spun off FaZe Clan’s creators and non-esports assets into FaZe Media and welcomed DraftKing’s Matt Kalish as an investor.VentureBeat - Tech -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
Deadly Clashes in New Caledonia Raise Fears of Civil War
France has sent troops to quell violence in New Caledonia, where Paris is seen as backtracking on promises of self-determination.The New York Times - World -
CoreWeave Raises $7.5 Billion in Debt for AI Computing Push
The deal is one of the largest-ever private debt financings.The Wall Street Journal - Tech -
Nickel price surges as New Caledonia riots raise concerns over supply
Industrial metal critical in electric vehicle batteries climbs almost 7%Financial Times - Business -
Future Forward super PAC raises eyebrows in Biden World
Allies to President Biden are concerned that Future Forward — the preferred super PAC backing the president's reelection bid — isn’t doing enough in the late spring and summer months to help build a narrative boosting the president and his ...The Hill - Politics - Joe Biden -
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An ultimatum raises pressure on Netanyahu to make postwar plans for Gaza
Pressure is coming from his own War Cabinet and his country’s closest ally.ABC News - World -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Auditors failed to raise alarm before 75% of UK corporate collapses
Three in four audit reports did not provide alerts that companies risked going bankrupt, think-tank findsFinancial Times - Business - United Kingdom -
Crypto Venture Firm New Form Aims to Raise $100 Million Fund
Crypto and blockchain-focused venture firm New Form Capital is returning to the fundraising market, seeking to raise a $100 million fund in the latest sign investors remain bullish on the once-beleaguered crypto sector.The Wall Street Journal - World - Crypto -
Deutsche Bank raises S&P 500 price target to 5,500
Equity analysts at Deutsche Bank have raised their 2024 S&P 500 target to 5,500, joining a host of other Wall Street strategists who have expressed greater optimism as stocks have come roaring back from last month’s selloff.MarketWatch - Business -
Biden campaign raises $51M in April, has $192M on hand
President Biden’s campaign raised $51 million in April and has $192 million on hand as it enters June, the campaign announced Monday. The $51 million haul falls short of the Trump campaign's $76 million fundraising total for the month of April. ...The Hill - Politics - Joe Biden -
Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.CNBC - Business -
RFK Jr.'s Texas ballot access push raises questions for Ted Cruz
The prospect of Robert F. Kennedy Jr. qualifying for the Texas ballot is fueling speculation that he could hurt Sen. Ted Cruz's (R-Texas) reelection chances. Kennedy announced earlier this week he gained more than enough signatures to compete in ...The Hill - Politics -
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.CNBC - Business -
Photo of upside-down flag at Justice Samuel Alito's house raises concerns: Report
"I had no involvement whatsoever in the flying of the flag," Justice Alito said.ABC News - Top stories