Chevron announces $75 billion stock buyback, dividend boost
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Alphabet’s stock surges on Triple Crown of first-ever cash dividend, $70 billion stock buyback, strong results
Google parent Alphabet Inc.’s stock initially soared 16% in after-hours trading Thursday following huge spikes in revenue and net income that trounced analysts’ predictions — as well as its first-ever cash dividend of 20 cents per share.MarketWatch - Business -
Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants
The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president’s foreign policy agenda.The New York Times - Top stories - Joe Biden -
Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants
The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president’s foreign policy agenda.The New York Times - Business - Joe Biden -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
UBS promises $2bn in share buybacks
Swiss lender restores repurchase programme as it integrates Credit SuisseFinancial Times - Business -
Mark Zuckerberg's net worth plummets by more than $18 billion from Meta stock drop
Meta shares plunged on Thursday, bringing down Mark Zuckerberg's net worth, after the CEO told Wall Street about the many ways his company is losing money.CNBC - Business -
People now think old age starts at 75: Study
Story at a glance Perceptions on aging are changing with older adults now considering 75 to be the beginning of old age, according to a new study from the American Psychological Association. “Life expectancy has increased, which might contribute ...The Hill - Politics -
3 long-term care insurance moves to make before you're 75
Are you a senior considering long-term care insurance? Here are three strategic moves to make before you're 75.CBS News - Top stories -
Michael Cuscuna, Who Unearthed Hidden Jazz Gems, Dies at 75
Possibly the most prolific archival record producer in history, he was a founder of the Mosaic label, which became the gold standard of jazz reissues.The New York Times - Business -
Sainsbury's: Almost everyone now shops in store
Nearly 90% of business now comes from its stores, the retailer says, as it reports a rise in food sales.BBC News - Top stories -
Alphabet shares jump 14% on earnings beat, first-ever dividend
Alphabet reported earnings after the bell. Here are the results.CNBC - Business -
Alphabet surges past $2tn as search giant unveils first ever dividend
Google’s parent company rises 13% after first-quarter earnings beat expectations and $70bn stock buyback approvedFinancial Times - Business -
Hasbro Shares Gain as Cost Cuts Boost Margins
The maker of Transformers action figures and Monopoly board games said it swung to a profit, even as revenue fell.The Wall Street Journal - World -
How AI and EVs are boosting demand for copper
Copper prices have outperformed both gold and silver this year, as traders bet on growing, long-term needs for the industrial metal in artificial intelligence and electric vehicles.MarketWatch - Business -
Salesforce Unveils New Feature to Boost Sales Productivity
Salesforce's new Slack community, Salesblazer, is up and running.Inc. - Business -
Hasbro Shares Gain as Cost Cuts Boost Margins
The maker of Transformers action figures and Monopoly board games said it swung to a profit, even as revenue fell.The Wall Street Journal - Business -
REPO Act Lets Biden Boost Ukraine
Congress’s aid package encourages the president to seize frozen Russian reserves to support Kyiv.The Wall Street Journal - World - Joe Biden -
Ashanti and Nelly Announce Their Engagement and a New Baby
More than two decades after they first met, the R&B singer announced her pregnancy and engagement to the rapper. Fans rejoiced.The New York Times - Lifestyle -
USDA announces changes to school meals: What to know
School meals will get a makeover thanks to the new rules from the USDA.ABC News - Top stories -
Ashanti and Nelly Announce Their Engagement and a New Baby
More than two decades after they first met, the R&B singer announced her pregnancy and engagement to the rapper. Fans rejoiced.The New York Times - Lifestyle -
Schools across U.S. announce teacher layoffs
American schools are facing layoffs as enrollment falls and pandemic-era aid dries up. CBS News reporter Bo Erickson has the details.CBS News - Top stories -
Fifa announces deal with Saudi oil company Aramco
Fifa has announced a partnership with Saudi Arabia's state-owned oil company, Aramco.BBC News - Top stories -
Putin announces plans to visit China in May
Russian President Vladimir Putin said he plans to visit China in May, in what could become the first foreign trip for the Russian leader after he extended his rule by six more years in an election that offered voters little real choiceABC News - World - China -
US preparing to announce $6B in weapons contracts for Ukraine
The package could be finalized and announced as soon as Friday.Politico - Politics - Ukraine -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - Business -
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bnFinancial Times - World -
A high-profile murder trial in Kazakhstan boosts awareness of domestic violence
A trial of a former government official charged with killing his wife has riveted Kazakhstan with lurid video of the attack, sparking a national conversation about domestic violence and leading to the government enacting a tougher law on spousal ...ABC News - World -
Better risk data should boost confidence in emerging markets
New figures show that default and recovery rates compare favourably with other debt asset classesFinancial Times - World -
Donald E. Petersen, Who Boosted Quality at Ford Motor, Dies at 97
As chief executive in the 1980s, he worked with the quality guru W. Edwards Deming.The Wall Street Journal - World -
Micron Will Receive $6.1 Billion to Build Semiconductor Plants
The grant to the memory chipmaker is the latest federal award aimed at boosting U.S. chip manufacturing.The New York Times - Tech -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - World -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Ukrainian ambassador discusses $61 billion aid package
After months of negotiations, debate and Capitol Hill visits from foreign leaders, a much-anticipated foreign aid bill finally became law Wednesday with President Biden's signature. Oksana Markarova, Ukrainian ambassador to the U.S., joins CBS ...CBS News - Top stories - Ukraine -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - Business -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech