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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 -
Pinterest Records Higher Revenue, Narrower Loss
The social-media platform surpassed half a billion monthly active users and reporting 23% revenue growth, its fastest user and revenue growth since 2021. Shares rose 16% premarket.The Wall Street Journal - World -
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Immigration boom helps boost growth in rich countries, says OECD
Paris-based organisation raises forecasts this year for global economy as jobs markets strengthenFinancial Times - Business -
US cattle prices drop as traders fear bird flu outbreak could knock demand
Agriculture department has banned infected cattle from crossing state bordersFinancial Times - Business -
Peloton chief Barry McCarthy steps down
Exercise-bike maker will cut about 400 jobs as part of restructuring planFinancial Times - Business -
Hong Kong launches insider trading prosecution of Segantii Capital
Regulator brings criminal proceedings against hedge fund, its founder Simon Sadler and former trader Daniel LaRoccaFinancial Times - Business - Hong Kong -
Russia’s new economy may end up prolonging its war
Fears of a hard landing may force the country to persist in militarisationFinancial Times - Business - Russia -
Goldman scraps bonus cap for UK bankers
Wall Street bank had been among most aggressive in lobbying for removal of EU-era limitFinancial Times - Business - United Kingdom -
Goldman scraps bonus cap for UK bankers
Wall Street bank had been among most aggressive in lobbying for removal of EU-era limitFinancial Times - Business - United Kingdom -
Goldman scraps bonus cap for UK bankers
Wall Street bank had been among most aggressive in lobbying for removal of EU-era limitFinancial Times - Business - United Kingdom -
Clariant Confirms Outlook as Profits Rise
Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and a strong performance at its aviation business.The Wall Street Journal - Business -
Haleon Keeps Outlook as Profits Rise
Haleon reported a 2% rise in underlying profits for the first quarter despite lower revenue, and maintained its full-year guidance and buyback plan.The Wall Street Journal - World -
StanChart beats profit forecasts on back of higher interest rates
Lender reports $1.9bn in first-quarter pre-tax profitsFinancial Times - Business -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Tech -
Norwegian Cruise’s stock falls after revenue missed, despite record bookings
Norwegian Cruise’s stock slumped Wednesday, after the cruise operator beat first-quarter profit expectations and raised its full-year outlook amid continued record demand, but missed revenue expectations for the first time in seven quarters.MarketWatch - Business -
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 -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Health -
Loopy Pro Review: The Best iPad Music Recording Software
We’ve spent time with most of the available apps for making music on iPad, and this loop station, DAW, and sampler combo is the best free (and paid) app around.Wired - Tech -
Meet Scar: "Monster" catfish may have broken a U.K. record
It took nearly an hour and four people to get the 143-pound catfish out of the lake: "My wrist is still hurting from reeling."CBS News - Top stories - United Kingdom -
OMV Profit Tops Hopes, Keeps Outlook
OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.The Wall Street Journal - Business -
Santander Confirms Outlook Despite Profit Miss
Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial targets.The Wall Street Journal - Business -
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 -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
GSK Upgrades Targets as Core Profits Jump
GSK lifted its full-year guidance after first-quarter core earnings rose 28%, helped by higher sales of vaccines and specialty medicines .The Wall Street Journal - World -
NAB's Profit Falls; Increases Share Buyback
Australia’s second-largest lender by market capitalization reported a 12% decline in half-year net profit and announced it will increase its share buyback by $980 million.The Wall Street Journal - World -
Standard Chartered Posts Higher Profit on Trading Gains
The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.The Wall Street Journal - World -
Tigers' Jack Flaherty ties American League record for strikeouts to open a game in start against Cardinals
Flaherty also set a new career high for strikeouts against his former teamCBS Sports - Sports - MLB -
Tigers pitcher Jack Flaherty matches AL record, opens with 7 straight strikeouts in loss to Cardinals
Jack Flaherty finished with a career-high 14 strikeouts against his former team on Tuesday in Detroit.Yahoo Sports - Sports - MLB -
Amazon.com reported record first-quarter sales as the artificial-intelligence boom powered growth in its cloud-computing unit.
Amazon.com reported record first-quarter sales as the artificial-intelligence boom powered growth in its cloud-computing unit.The Wall Street Journal - World -
Carvana shares spike 30% as used car retailer posts record first quarter
Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.CNBC - Business -
'Liquid gold': An olive oil shortage is fueling record prices and food insecurity fears
A shortage of olive oil has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode.CNBC - Business -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.CNBC - Business - Amazon -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Amazon Prime ads help tech giant drive profits
The tech giant did better than expected in many areas of its business.BBC News - Top stories - Amazon -
Amazon profits may have tripled but do not expect a dividend
Resurgence of free cash flow at the ecommerce group is still fresh while capital expenditure is set to rise this yearFinancial Times - Business - Amazon -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
Should you take your stock market profits and run for the summer?
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.MarketWatch - Business -
Carvana’s stock rallies more than 30% on surprise profit for used-car retailer
Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.MarketWatch - Business