Gm Reports Big Jump in Profit on Gasoline Car Sales
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China property shares jump on report of government plans to buy unsold homes
Yahoo News - World - China -
Microsoft’s emissions jump almost 30% as it races to meet AI demand
Increase from 2020 to 2023 highlights challenges of meeting climate goals while investing in infrastructureFinancial Times - Business -
New Zealand Shares Jump 1.75% in Largest Gain Since November
New Zealand’s NZX-50 closed 1.75% higher at 11728.06, snapping a run of three losses with its largest one-day rise since early November.The Wall Street Journal - World - New Zealand -
Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.CNBC - Business -
A China-U.S. EV Trade War Could Put Brakes on Biden's Clean-Car Agenda
The cost of batteries will rise as the administration tries to keep finished, heavily subsidized Chinese vehicles out of the U.S., driving domestic EVs to unaffordable price points.Inc. - Business - Joe Biden -
Grab Raises Profitability Metric Forecast as Quarterly Loss Narrows
The Southeast Asian ride-hailing and delivery specialist raised its full-year forecast for a key profitability metric, citing cost-cutting efforts and expansion in its core businesses that helped narrow its net loss in the first quarter.The Wall Street Journal - Tech -
Data centres have turned Big Tech into big spenders
Companies need AI services revenues, not cost savings, to fuel data centre boomFinancial Times - Business -
Free agency: News, buzz and reports
The Lakers and Heat could be the top teams who pursue Mitchell if he doesn't sign an extension with the Cavs.ESPN - Sports -
Putin calls for big increase in armaments production
Yahoo News - World -
5/15: The Daily Report with John Dickerson
John Dickerson reports on what to expect from the newly scheduled presidential debates, the biggest foreign threats ahead of the November election, and why the price of cocoa is so high.CBS News - Top stories -
Dell surges 11% on optimism it has secured big AI server orders
"All-in, we are hearing about more AI server momentum at Dell than at any other OEM," wrote Morgan Stanley's Erik Woodring.CNBC - Business -
At Robin Hood Gala, Wall Street’s Heavy Hitters Come Out
The Robin Hood Foundation, an antipoverty organization in New York City, threw a “Matrix”-inspired gala.The New York Times - Lifestyle -
In About-Face, Wall Street’s Big Donors Warm to Trump
They may “hate the man,” as one put it, but major business players from coast to coast are increasingly on board for a second term after the first one alienated them.The New York Times - Business - Donald Trump -
Big Wave Surfers Help Rescue Brazil Flood Victims
Yahoo News - World - Brazil -
Japan's Biggest Insurer Plans to Go Big on Foreign Credit
Nippon Life Insurance, the largest insurer in Japan by asset size, is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs.The Wall Street Journal - World - Japan -
Menendez "put his power up for sale," prosecutor argues in bribery trial
A lawyer for New Jersey Sen. Bob Menendez sought to pin the blame on his wife, Nadine Menendez.CBS News - Politics -
China’s biggest banks launch first sales of special loss-absorbing debt
TLAC bonds are part of push from international regulators to shore up balance sheetsFinancial Times - Business - China -
Both WarioWare Games For Nintendo Switch Are On Sale At Amazon And Walmart
WarioWare: Move It is the latest entry in the quirky series, offering more than 200 "microgames" designed to get you up off the couch. It's a fun party game (thanks to support for up to four players), and right now you can grab a physical copy for ...GameSpot - Tech -
Harris reports Beyoncé tickets as White House releases financial disclosures
The president and vice president are required to file public financial reports.CBS News - Politics -
Child Migration Through Darien Gap Up 40% This Year, Report Says
Yahoo News - World -
Report: Doc Rivers, Bucks pursuing Sam Cassell for assistant role
Bucks coach Doc Rivers reportedly plans to make an "aggressive push" to bring Celtics assistant Sam Cassell back on his coaching staff.Yahoo Sports - Sports -
South Africa’s ANC Unlikely to Ally With Populists, Report Says
Yahoo News - World