Southwest Forecasts Lingering Losses
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FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
UK set to lag behind peers on growth and suffer ‘sticky’ inflation, says OECD
Forecaster delivers downbeat outlook ahead of local elections in EnglandFinancial Times - Business - United Kingdom -
FCA boss ‘not convinced’ private equity poses systemic risk
Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubbleFinancial Times - Business -
Novo Nordisk cuts weight loss drug prices amid competition from rivals
Danish group beats expectations with first-quarter sales up 24% and raises annual forecast on high demandFinancial Times - Business -
The Beijing auto show and Apple in China
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial TimesFinancial Times - World - China -
£150mn of NHS England dental budget unspent amid recruitment crisis
Dentists says ‘punitive targets’ under NHS contract system are stifling delivery across the countryFinancial Times - World -
College decision day passes many students by as financial aid delays linger
Held-up financial aid packages are finally rolling in after FAFSA issues pushed the typical May 1 enrollment deadline deep into June at some schools.NBC News - Top stories -
NBA playoffs: Kawhi Leonard out for Clippers-Mavericks Game 5 with lingering knee injury
Kawhi Leonard will miss his third game of the series.Yahoo Sports - Sports - NBA -
Double landmine blast kills one person and wounds at least 18 in Pakistan’s southwest
Pakistani police say a double landmine blast has killed one person and wounded at least 18 in the southwestABC News - World -
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StanChart beats profit forecasts on back of higher interest rates
Lender reports $1.9bn in first-quarter pre-tax profitsFinancial Times - Business -
Adidas Maintains Outlook as First Quarter Tops Forecasts
Adidas posted above-forecast profits for the first quarter, citing brand momentum, and confirmed its recently-lifted outlook for the year.The Wall Street Journal - Business -
Poland probes state oil group’s Swiss subsidiary for alleged Hizbollah links
Orlen Trading Switzerland investigated for losses on trades and potential connections to Iran-backed groupFinancial Times - World -
S&P 500 Futures Rise as Earnings Roll In
U.S. stock futures rose after Federal Reserve Chair Jerome Powell indicated the bar to cut interest rates had gone up.The Wall Street Journal - World -
Oil Extends Losses on U.S. Inflation Concerns
Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting interest rates anytime soon.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 -
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 -
O'Sullivan & Trump suffer shock quarter-final defeats
Seven-time champion Ronnie O’Sullivan and Judd Trump both suffer shock defeats in the quarter-finals of the World Championship at the Crucible Theatre in Sheffield.BBC News - Top stories - Donald Trump -
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecastABC News - Top stories -
UK forecast for slowest growth of richest nations next year
The UK economy will remain “sluggish” due to the impact of interest rate rises, the OECD says.BBC News - Top stories - United Kingdom -
Shell urged to return cash to shareholders after beating first-quarter forecasts
Europe’s largest oil and gas company increases production and maintains share buybacks at $3.5bnFinancial Times - Business -
Shell fends off calls to return cash to shareholders after beating forecasts
Europe’s largest oil and gas company increases production and maintains share buybacks at $3.5bnFinancial Times - Business -
UK will be worst performer in G7 next year, OECD forecasts
UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy. The UK will be the worst-performing economy in the G7 next year, according to the Organisation for Economic ...The Guardian - World - United Kingdom -
Schemes targeting seniors account for $3.4 billion in reported losses, FBI says
Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.CBS News - Politics -
Bruins failed to match Leafs' desperation in ugly Game 5 loss
There was no excuse for the Bruins' poor start and lack of urgency to begin Game 5 of their first-round playoff series against the Maple Leafs.Yahoo Sports - Sports -
Bees delay start of game, then Dodgers get stung by walk-off loss
A swarm of bees delays the game for two hours, then a walkoff homer defeats the Dodgers in extra-inning loss to Arizona.Yahoo Sports - Sports - MLB -
Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.CNBC - Business -
Aston Martin losses jump 90% as SUV sales drop
British carmaker reports £138.8mn pre-tax loss as it wrestles with debtFinancial Times - Business -
Islanders eliminated from NHL playoffs with Game 5 loss to Hurricanes
The Islanders lost 6-3 to the Carolina Hurricanes Tuesday in the first round of the 2024 NHL playoffs, ending New York's season.Yahoo Sports - Sports - NHL -
Rafael Nadal says emotional ‘goodbye’ to Madrid Open after loss
Rafael Nadal had to pause for a few moments, visibly emotional, while addressing the crowd after his loss in the fourth round at the Madrid Open.Yahoo Sports - Sports - US Open -
CVS’s stock suffers biggest drop in 15 years as Medicare Advantage issues weigh on results
Shares of CVS Health Corp. plunged Wednesday toward their biggest selloff in 15 years, after the pharmacy and healthcare-services company missed first-quarter earnings expectations as the Medicare Advantage business weighed heavily on results.MarketWatch - Business -
Scammers bilked older Americans out of $3.4 billion last year, often using cryptocurrency
At least 101,000 Americans ages 60 and older were victims of digital fraud last year, with the average person losing $33,915, according to a new report from the FBI.NBC News - Top stories -
Carlos Alcaraz’s hold on Madrid Open ends with loss to Andrey Rublev
Home hope beaten 4-6, 6-3, 6-2 in quarter-finalNo 1 men’s seed Jannik Sinner pulls out with hip injuryCarlos Alcaraz’s hopes of becoming the first player to win three straight Madrid Open titles came undone as the second seed was beaten in front ...The Guardian - World -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.CNBC - 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 -
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business -
Forecasting Steven Stamkos' free agency: Six possible landing spots for Lightning star, including Maple Leafs
Stamkos' time in Tampa may be at an end after 16 seasonsCBS Sports - Sports -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.CNBC - Business