Biden Says Debt Ceiling Deal Averted Economic Collapse
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Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
Micron secures $13bn in US support to expand chipmaking capacity
Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips ActFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - Business -
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.The Wall Street Journal - World -
Biden promise to rival China on shipbuilding faces a big economic problem
President Biden wants to bring shipbuilding back to the U.S. in economic rivalry with China and to boost domestic steel. Economic reality isn't on his side.CNBC - Business - Joe Biden -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
Seoul’s industry minister says China’s grip on graphite threatens Inflation Reduction Act incentivesFinancial Times - World - China -
Anne Heche’s son says her estate cannot pay its debt of over $6 million
Anne Heche’s son said her estate is unable to pay its debts following her 2022 death after the fiery crash of her car into a Los Angeles home.NBC News - Top stories -
'Europe could die,' France's Macron says as he calls for stronger defense and economic reform
President Emmanuel Macron appealed for stronger, more integrated European defenses and said the continent must not become a vassal of the United States.NBC News - Top stories -
This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW
A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.MarketWatch - Business -
Biden to tout $6 billion deal with semiconductor manufacturer Micron during Syracuse trip
The Biden administration announced Thursday that it reached a preliminary agreement with Idaho-based semiconductor manufacturer Micron, the latest in a series of investments through the bipartisan CHIPS and Science Act. President Biden will ...The Hill - Politics - Joe Biden -
Lions agree to contract extensions with St. Brown and Sewell worth combined $200M, AP source says
The Detroit Lions have invested in their future, keeping a pair of All-Pro players under contract for the next five seasonsABC News - Sports -
Humza Yousaf faces vote of no confidence after ending power sharing with Scottish Greens – UK politics live
First minister says deal ‘has served its purpose’ and is no longer providing stability in parliament . Humza Yousaf, the SNP leader and Scottish first minister, is holding a press conference now.. He says he has been in the post for little more ...The Guardian - World - United Kingdom -
Swedbank Upbeat on Economic Recovery
Swedbank’s earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with ...The Wall Street Journal - World -
Swedbank Upbeat on Economic Recovery
Swedbank’s earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with ...The Wall Street Journal - Business -
Swedbank Upbeat on Economic Recovery
Swedbank’s earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with ...The Wall Street Journal - World -
Why now is a great time to consider debt relief
A debt relief service may be able to help you deal with mounting debt. Here's why now is a great time to sign up.CBS News - Top stories -
How to pay off $7,500 in credit card debt
Do you have $7,500 or more in credit card debt? Here are a few ways to pay it off quickly.CBS News - Top stories -
Greece’s economic rebound in (painful) context
Scar tissue that I wish you sawFinancial Times - World -
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 -
Big asset managers adopt ‘vulture’ tactics in distressed debt fights
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolveFinancial Times - Business -
Big asset managers adopt ‘vulture’ tactics in distressed debt fights
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolveFinancial Times - Business -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
Moulin Rouge windmill sails collapse in Paris
Blades of famous cabaret venue, home of the French can-can, fall from roof overnight. The home of the high-spirited French can-can has been laid temporarily low after the sails of the red-painted windmill on top of the Moulin Rouge, the most ...The Guardian - World - France -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Stocks, Bonds Tumble After Economic Data Release
Slowing growth, stubborn inflation drive a broad-based decline in shares.The Wall Street Journal - World -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Politics -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Top stories -
A mining industry mega-deal
BHP proposes £31bn takeover of Anglo AmericanFinancial Times - World -
Anne Heche's 'insolvent' estate cannot settle debts, actor's son claims in legal docs
Homer Laffoon, Anne Heche's son and the executor of her estate, said in legal documents that his mother's estate is 'not in a condition to be closed.'Los Angeles Times - Entertainment -
As Meta’s stock slides, investors are flocking to its bonds and other Magnificent Seven debt
As Meta Platform Inc.’s stock suffers a bruising 13% rout on Thursday, investors are flocking to its bonds, which are seeing the most net buying of any of the so-called Magnificent Seven companies.MarketWatch - Business -
Comex Gold, Silver Settle Higher
Gold settled 0.2% higher, snapping a three-session losing streak, and silver rose nearly 0.1%, up two of the past three sessions.The Wall Street Journal - World -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
Oil prices pull back as U.S. economic growth disappoints
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.CNBC - Business