Svb Parent Company Files for Bankruptcy after Bank Collapse
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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 -
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.CNBC - Business -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Hersh Goldberg-Polin’s parents react to new Hamas hostage video
Rachel and Jon Goldberg-Polin, whose Israeli-American son Hersh was taken hostage by Hamas on Oct. 7, called on all parties involved in negotiations to “be brave, lean in, seize this moment and get a deal done.” They then added a message to Hersh, ...NBC News - Top stories -
Parents have an adorable reaction when they discover both daughters are pregnant
Yahoo News - World -
Ivy Getty Files for Divorce From Tobias Engel
After three years of marriage and a lavish wedding attended by Anya Taylor-Joy, Nancy Pelosi and Olivia Rodrigo, the oil heiress is seeking a divorce from her husband, Tobias Engel.The New York Times - Lifestyle -
Rightwing US website that spreads election conspiracies declares bankruptcy
Gateway Pundit, run by Jim Hoft, is being sued for defamation by Georgia election workers Ruby Freeman and Shaye Moss and others. The Gateway Pundit, a rightwing website known for spreading election conspiracies, will declare bankruptcy as it ...The Guardian - World -
New Jersey Bankruptcy Judge Allows Diocese Sex-Abuse Plan to Advance
The Camden Diocese’s insurers had opposed the bankruptcy plan for sex-abuse claims.The Wall Street Journal - World -
Plaschke: Dagger! Lakers' epic collapse vs. Nuggets could send them reeling into summer
The Lakers' blown lead against the Nuggets in Game 2 raises questions as to whether LeBron James is capable of saving the Lakers this season or ever again.Yahoo Sports - Sports - NBA -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Nikkei Falls 2.2%, Dragged by Electronics, Machinery Stocks
Japanese stocks ended lower, dragged by electronics, machinery and auto shares, amid uncertainty over tensions in the Middle East and caution ahead of the Bank of Japan’s policy decision Friday.The Wall Street Journal - World -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Ivy Getty Files for Divorce From Tobias Engel
After three years of marriage and a lavish wedding attended by Anya Taylor-Joy, Nancy Pelosi and Olivia Rodrigo, the oil heiress is seeking a divorce from her husband, Tobias Engel.The New York Times - Lifestyle -
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 -
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 -
Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
Deutsche Bank posts better-than-expected profit in first quarter amid investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - 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 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 -
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 -
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.MarketWatch - Business -
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 -
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 -
Judge declines to dismiss lawsuits filed against rapper Travis Scott over deadly Astroworld concert
A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surgeABC News - Entertainment -
UnitedHealth says wide swath of patient files may have been taken in Change cyberattack
UnitedHealth says files with personal information that could cover a “substantial portion of people in America” may have been taken in the cyberattack on its Change Healthcare businessABC News - Health -
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 -
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency's power to broadly prohibit practices it says are anticompetitive.
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency’s power to broadly prohibit practices it says are anticompetitive.The Wall Street Journal - World -
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency's power to broadly prohibit practices it says are anticompetitive.
Top business groups and a national tax-services firm filed lawsuits challenging a new FTC ban on noncompete agreements, cases that will test the agency’s power to broadly prohibit practices it says are anticompetitive.The Wall Street Journal - World -
After the Affair, the Reckoning
While I was with our new baby, my husband was with another woman.The New York Times - Lifestyle -
On TikTok, Potential Ban of App Leads to Resignation and Frustration
While Congress says the social app is a security threat, critics of the law targeting it say it shows how out of step lawmakers are with young people.The New York Times - Tech -
On TikTok, Potential Ban of App Leads to Resignation and Frustration
While Congress says the social app is a security threat, critics of the law targeting it say it shows how out of step lawmakers are with young people.The New York Times - Top stories -
Sharks fire Quinn after historically woeful season
The Sharks have fired coach David Quinn after two rough seasons as part of a massive rebuilding project.ESPN - Sports -
What’s next for TikTok after Biden approves ban
Video app vows legal battle to prevent effort to separate it from Chinese parentFinancial Times - Business - Joe Biden -
BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.The Wall Street Journal - World -
Cavalry horses in serious condition after bolting
The horses were spooked by a loud noise in Belgravia and two ran as far as Limehouse, east London.BBC News - Top stories -
Barclays Backs Guidance After Profit Beat
Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.The Wall Street Journal - World