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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 -
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 -
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 -
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 -
After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
To keep technological innovation on a strong path, companies must implement workforce efficiency mindfully.CNBC - Business -
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2024 Was the Year That Broke College Admissions
This Is Peak College Admissions InsanityThe New York Times - Top stories -
Oil prices tally back-to-back losses as Israel-Hamas cease-fire talks continue
Oil futures end lower for a second straight session Tuesday, as cease-fire talks between Israel and Hamas dampened fears of a wider conflict that could threaten crude supplies.MarketWatch - Business - Israel -
Embiid: ‘Disappointing' that Knicks fans had heavy presence for Sixers' Game 4 loss
Joel Embiid described the strong contingent of Knicks fans at Wells Fargo Center for the Sixers' Game 4 defeat Sunday as “disappointing.”Yahoo Sports - Sports - NBA -
Texas A&M baseball coach suspects Georgia pitcher of cheating after suspicious videos surface from loss
“It’s part of the game … Wish we would’ve caught it.”Yahoo Sports - Sports -
Rafael Nadal bids emotional farewell to Madrid Open after loss to Jiri Lehecka
Five-times winner is honoured by event after 7-5, 6-4 defeatWorld No 1 Iga Swiatek to face Madison Keys in semi-finalsRafael Nadal’s rousing, dramatic last stand on home soil came to an end just after midnight in the early hours of Wednesday as he ...The Guardian - World -
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 -
Rockies become first to team to trail in opening 29 games, waste 5-run lead in 7-6 loss to Marlins
Dane Myers hit a game-winning single in the 10th inning as the Miami Marlins overcame a five-run deficit and beat Colorado 7-6, making the Rockies the first team since 1900 to trail in each of its first 29 gamesABC News - Sports - MLB -
What we learned as Webb gets roughed up in Giants' loss to Red Sox
Logan Webb was in trouble from the start and failed to get out of the fourth inning at Fenway Park, where the Giants got blanked 4-0 by the Red Sox on Tuesday.Yahoo Sports - Sports - MLB -
New York Community Bancorp’s stock jumps more than 30% after reporting narrower-than-expected loss
New CEO Joseph Otting sees a “path to profitability” in the next two years.MarketWatch - Business - New York -
Alcaraz loses to Rublev in Madrid Open quarterfinals. Sinner withdraws with hip injury
Carlos Alcaraz’s bid to win a third straight Madrid Open title has ended with a three-set loss to Andrey Rublev in the quarterfinalsABC News - Sports -
Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%
Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.MarketWatch - Business -
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.CNBC - Business -
Novo Nordisk now has more than 130,000 weight-loss prescriptions as it hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after boosting supplies to meet insatiable demand.MarketWatch - Business -
Wayfair's losses narrow by more than $100 million after layoffs, even as sales dip
Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.CNBC - Business -
Wayfair’s stock jumps after retailer narrows loss, says quarter ended ‘on an upswing’
For the first time since before the onset of the COVID-19 pandemic, Wayfair is “seeing suppliers introducing large groups of new products into their catalogs,” the company said.MarketWatch - Business -
Self-Driving Trucks Are Coming to U.S. Highways This Year
Tractor-trailers with no one at the wheel are no longer in a distant future, but are expected on American roads by the end of 2024.Inc. - Business