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Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - Business - China -
Why South Africa is Anglo American’s ‘poison pill’
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the countryFinancial Times - Business -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Barclays accused of greenwashing over financing for Italian oil company
Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production. Barclays is being accused by environmental groups of greenwashing after helping to arrange €4bn ...The Guardian - World -
Colgate-Palmolive’s first-quarter earnings beat estimates and company raises guidance
Colgate-Palmolive Co.’s stock rose 2.9% early Friday, after the consumer goods giant beat first-quarter earnings estimates and raised its guidance.MarketWatch - Business -
Intel’s bad year worsens, with analyst decrying company as ‘profoundly broken’
Intel’s bad year is getting worse as the chip stock experiences another sharp slide in the wake of earnings.MarketWatch - Business -
Tech Spending Still Proves Thorny for Some Advertising Companies
A slower pace of business in the technology sector continued to weigh on some ad holding companies in the first quarter, but things might be looking up.The Wall Street Journal - World -
20 companies screened for quality in a cheap part of the stock market
Small-cap and midcap U.S. stocks are trading relatively low to historical price-to-earnings valuations, in contrast to the large-cap S&P 500.MarketWatch - Business -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
How Nvidia CEO Jensen Huang turned his company into a titan of AI
Nvidia changed the world of video game graphics. Now CEO Jensen Huang is focused on developing technology for the age of AI.CBS News - Top stories -
Exploited, Let Down, and Unfazed: What Small-Business Owners Are Saying About the Foxtrot Fallout
Outfox Hospitality abruptly closed 33 Foxtrot locations yesterday.Inc. - Business -
15 Best Coffee Subscriptions to Keep You Wired (2024): Blends, Single-Origin, Small Batch, and Local Roasters
These services deliver freshly roasted, delicious coffee picks right to your door—each with its own twist.Wired - Tech -
How This Small Business Hit $1 Million in Revenue With a Simple Service: Kids' Gym Class
Hiveclass was founded by parents who wanted to get kids excited about exercise.Inc. - Business -
The EU will probe whether China is unfairly denying companies access to its medical devices market
The European Union says it will investigate whether China is using unfair methods to deprive companies in Europe of access to its market for medical devicesABC News - Health - China -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.CNBC - Business -
What Marketers Should Know About Ibotta, the Digital Promotions Company That Just Went Public
The Walmart-backed company provides consumers with cash back and other deals in exchange for their purchase data.The Wall Street Journal - World -
Rubrik stock pops 16% in NYSE debut after company prices IPO above range
Rubrik's shares appeared to be attractive to investors that have been starved for new business software names for years.CNBC - Business -
White Sox's latest loss puts Chicago in miserable company with just three other teams in MLB history
The White Sox have lost 22 games in their first 25 outings of the 2024 seasonCBS Sports - Sports - MLB -
Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Snap reported first-quarter results that beat analysts' estimatesCNBC - Business -
Skechers stock soars 10% after earnings crush estimates and company offers upbeat guidance
Skechers Inc.’s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.MarketWatch - Business -
Cramer praises companies like Chipotle that can grow despite a slowing economy and inflation
CNBC's Jim Cramer said companies that perpetually generate "self-help" are poised to do well in this market.CNBC - Business -
Hipgnosis agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord, trumping an approach from Blackstone.
Hipgnosis agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord, trumping an approach from Blackstone.The Wall Street Journal - World -
How the overseas owners of the UK’s water companies clean up by polluting our rivers | George Monbiot
Soiled seas and huge shareholder dividends: where has the £64bn borrowed by firms since privatisation gone?. So that’s how they do it. I’d been wondering how, when more sewage has been entering our rivers than ever before, some of the water ...The Guardian - World -
Nvidia jumps more than 15% this week. A key reason: what other companies are saying
A week ago, Nvidia had its third-worst day on record. Those losses have now been completely erased and then some.CNBC - Business -
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.CNBC - Business -
Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US ban
Congress sends Biden bill requiring TikTok's parent company to sell the platform or face a US banABC News - Tech - Joe Biden -
Worried about the volatility in Magnificent Seven stocks? Take a look at the companies’ short-dated bonds.
As their stocks sell off, Magnificent Seven companies’ two-year bonds are looking attractive.MarketWatch - Business -
12 portfolio companies report earnings in the week ahead. What we want to hear from each
All three major U.S. stock indexes rose this week. Earnings are once again poised drive the week ahead.CNBC - Business -
From petri dish to plate: meet the company hoping to bring lab-grown fish to the table
People want more seafood than the oceans can sustainably supply, so a German firm aims to plug that gap with cultivated fish – but are consumers ready to buy it?. The redbrick offices, just north of Hamburg’s River Elbe and a few floors below ...The Guardian - World -
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.The Wall Street Journal - World -
Microsoft's profit rose last quarter as AI bolstered demand for its software and cloud services, prompting the company to spend heavily on infrastructure to accommodate the appetite for the technology.
Microsoft’s profit rose last quarter as AI bolstered demand for its software and cloud services, prompting the company to spend heavily on infrastructure to accommodate the appetite for the technology.The Wall Street Journal - World -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World