Bank of America Ceo Says Company to Slow Hiring Predicts Mild Recession
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Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.MarketWatch - Business -
The Americas’ Fastest Growing Companies
The FT’s fifth annual ranking of the region’s businesses by revenue growth. Plus: outsourcers tap into remote work boom; Shopify targets more growth from bigger clients; Brazil’s alternative to electric vehicles; and Vertex Pharmaceutical’s ...Financial Times - World -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
Main Street isn’t saving and Wall Street isn’t shorting in an ‘Anything But Bonds’ bull market, says Bank of America
The U.S. government has spent $6.2 trillion over the last 12 months, and investors seemed to have noticed.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 -
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 -
Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.CBS News - Top stories -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest stands apart from other large airlines because it does not have seat assignments.CNBC - Business -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest Airlines is considering changes to its single-class, open-seating cabins to drive up revenue, CEO Bob Jordan told CNBC on Thursday, a shift that could be among the largest in the airline’s history.NBC News - Top stories -
Tractor Supply CEO says there's still 'significant migration' out of urban areas
Tractor Supply CEO Hal Lawton told CNBC's Jim Cramer on Thursday that a substantial number of Americans are leaving cities, and many are headed to rural areas.CNBC - Business -
Moderna's CEO Says Staff Should Consult ChatGPT 20 Times a Day
OpenAI has partnered with the drug maker to embed AI throughout the business. And Stphane Bancel says his staff should be using the system way more than you mightguess.Inc. - Business -
Planemaker Embraer CEO says supply chain has been improving
Yahoo News - World -
Oracle's Larry Ellison says planned Nashville campus will be company's 'world headquarters'
Oracle Corp. Chairman Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industryABC News - Tech -
Cannabis banking measure to be left out of FAA bill, industry exec says
Dutchie’s Bryan Barash said he’s disappointed that the SAFER Banking Act won’t be included in FAA funding bill.MarketWatch - Business -
TikTok CEO says fight over ban will head to court: 'We aren't going anywhere'
TikTok CEO Shou Chew posted a video criticizing the potential ban after President Joe Biden signed it into law.NBC News - Top stories - Tiktok -
Former Reddit CEO Ellen Pao says the tech sector’s DEI push is alive and well
Despite some signs of wavering commitment to corporate diversity, equity and inclusion initiatives, former Reddit CEO Ellen Pao is bullish on DEI in the tech space.MarketWatch - Business -
Spotify's CEO Says Laying Off Many Employees All at Once May Have Been a Mistake
Daniel Ek admitsa classic error of makingwidespread jobcuts to reducecosts, leavingdailyroutines in disarray.Inc. - Business -
JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.NBC News - Top stories -
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 -
Fair to say America isn’t gripped by Liz Trussmania. Here's what she can learn from Mr Bean | Emma Brockes
Our former PM has a dire warning and a book to sell, but it isn’t really cutting through. A bit more Brit-style bumbling might help. ‘I know the name,” texts a friend when I ask if she knows who Liz Truss is, but like most Americans can’t quite ...The Guardian - World -
Slowing Down for Poetry and Time
A London exhibition by Van Cleef & Arpels will showcase heritage pieces alongside novelties introduced at the Watches and Wonders fair.The New York Times - Lifestyle -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
4/24: America Decides
President Biden signs foreign aid package into law; House Speaker Mike Johnson visits Columbia University amid protestsCBS News - Top stories -
Inside the struggles of America's caregivers
About 53 million people in the U.S. are unpaid caregivers, and many of them are simultaneously raising young kids and taking care of a parent, earning them the title "Sandwich Generation." CBS News contributor Lisa Ling, who is a member of this ...CBS News - Top stories -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Wanted: A CEO to Fix Boeing
The plane maker, which is searching for a new chief executive, is likely to consider a small number of people, including several former Boeing executives.The New York Times - Top stories -
The dire situation on America’s southern border
If Congress will not act, President Joe Biden may have to do soFinancial Times - World -
The dire situation on America’s southern border
If Congress will not act, President Joe Biden may have to do soFinancial Times - World -
America's Economy Is No. 1. That Means Trouble.
Solid growth, big deficits and a strong dollar stir memories of past crises.The Wall Street Journal - World -
The hidden costs of unpaid caregiving in America
An estimated 53 million Americans are unpaid caregivers, many as part of the "sandwich generation" — simultaneously raising children and caring for aging parents.CBS News - Top stories -
America's Economy Is No. 1. That Means Trouble
If you want a single number to capture America’s economic stature, here it is: This year, the U.S. will account for 26.3% of the global gross domestic product, the highest in almost two decades. That’s based on the latest projections from the ...The Wall Street Journal - World -
America's Great Weakness: Unserious Leaders
Or is it unserious voters?The Wall Street Journal - World -
All-American Dickinson returning to Jayhawks
All-America center Hunter Dickinson announced Friday he plans to return to Kansas for his final year of eligibility, likely solidifying the Jayhawks as the preseason No. 1 team in men's college basketball.ESPN - Sports -
Cowboys coach Mike McCarthy makes notable hiring as he heads into the final year of his contract in Dallas
McCarthy is definitely planning for the futureCBS Sports - Sports -
Nets check one box with Jordi Fernández hire, but their immediate future remains hazy
Brooklyn introduced its new coach on WednesdayCBS Sports - Sports -
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costsABC News - Top stories - Travel -
Maryland hires Brian Ferentz: Ex-Iowa offensive coordinator joins Terps staff as offensive analyst
Ferentz is making his way back to the Big Ten after seven years as Iowa's offensive coordinatorCBS Sports - Sports -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World