Illegal Migrants Plan Could Cost £6bn over Two Years Say Government Projections
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A new wave of e-commerce disruption could close 45,000 retail stores over the next five years, analysts say
UBS analysts have suggested that e-commerce isn’t done upending brick-and-mortar retail just yet.MarketWatch - Business -
Two American pastimes: Baseball and theft by government
It would be fitting for Clemente to hit yet another home run — this time for freedom — a full five decades after his last at bat.The Hill - Politics -
German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
Copper Futures Hit Two-Year High
Copper futures reached a fresh high, gaining from sanctions on Russian metals, tight market fundamentals and increasing structural demand.The Wall Street Journal - World -
San Jose Sharks fire coach David Quinn after two seasons as part of a massive rebuilding project
San Jose Sharks fire coach David Quinn after two seasons as part of a massive rebuilding projectABC News - Sports -
Battery storage costs could fall up to 40 percent by 2030: IEA
A steep decline in battery costs will be the primary driver in the transition from fossil fuels to renewable energy in the years ahead, the International Energy Agency (IEA) projected. Battery costs have declined more than 90 percent in about a ...The Hill - Politics -
Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime
In a new series by the CNBC personal finance team, we're delving into how climate change will impact your money.CNBC - Business - Climate -
Energy Department Gets Power Over Big Grid Projects
In a bid to fast track grid-infrastructure construction, the department is set to become the lead federal agency coordinating environmental approval of major transmission projects.The Wall Street Journal - World -
The federal government granted Micron Technology $6.1 billion to build two chip-making facilities in New York and one in Idaho.
The federal government granted Micron Technology $6.1 billion to build two chip-making facilities in New York and one in Idaho.The Wall Street Journal - World - New York -
UK spending watchdog should probe Teesside freeport project, say MPs
Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship regeneration schemeFinancial Times - Business - United Kingdom -
UK spending watchdog should probe Teesside freeport project, say MPs
Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship regeneration schemeFinancial Times - Business - United Kingdom -
UK spending watchdog should probe Teesside freeport project, say MPs
Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship regeneration schemeFinancial Times - Business - United Kingdom -
UK spending watchdog should probe Teesside freeport project, say MPs
Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship regeneration schemeFinancial Times - Business - United Kingdom -
UK spending watchdog should probe Teesside freeport project, say MPs
Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship regeneration schemeFinancial Times - World - United Kingdom -
Copper Futures Break $10,000 a Ton, Rising to Two-Year Highs
Copper futures topped $10,000 a ton, hitting a two-year high, buoyed by sanctions on Russian metals, tighter individual market fundamentals and an overall improvement in the health of the global economy, BMI said.The Wall Street Journal - World -
The Biden administration is consolidating approval authority over big power-grid projects to accelerate upgrades and provide access to a gusher of new clean-energy projects.
The Biden administration is consolidating approval authority over big power-grid projects to accelerate upgrades and provide access to a gusher of new clean-energy projects.The Wall Street Journal - World - Joe Biden -
One-word Ofsted grades should stay, says government
The government says the judgements are useful for parents, after MPs called for them to be scrapped.BBC News - Top stories -
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 -
TikTok CEO plans to fight against a bill that could ban the app
President Joe Biden signed the bill that would ban TikTok in the United States if its Chinese parent company doesn’t sell it in 270 days, but CEO Shou Zi Chew vows to fight back against legislation. NBC’s Savannah Sellers reports for TODAY.NBC News - Politics - Tiktok -
Why Americans worry changes to the U.S. retirement system could upend their plans
When it comes to retirement, Americans worry about uncertainties they cannot control, like a higher cost of living or changes to the retirement system.CNBC - Business -
Its blockbuster cystic fibrosis treatment costs $300,000 a year. Now Vertex wants to solve the opioid crisis
With revenues having more than doubled since 2019, to $10bn, US pharma group targets painkillersFinancial Times - 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 -
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 -
TikTok's Chinese parent firm says no plans to sell
The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.BBC News - Top stories - Tiktok -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
Yen Hits New Multidecade Low
The yen hit a fresh multidecade low against the dollar, after Bank of Japan Gov. Kazuo Ueda disappointed traders seeking hints on further rate increases.The Wall Street Journal - World -
Fossil fuels could have been left in the dust 25 years ago
If only we’d followed Wright’s Law, solar tech could have been cheaper much soonerFinancial Times - Business -
Alphabet showed perfection, and that could drive the stock’s best day in 9 years
Alphabet’s stock could see its second-best single-day performance in history on Friday, following an earnings report that drew effusive praise.MarketWatch - Business -
Poland's prosecutor general says previous government used spyware against hundreds of people
Poland’s prosecutor general has told the parliament that powerful Pegasus spyware was used against hundreds of people during the former government in PolandABC News - Tech -
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 -
Google's New Privacy Plan Has Flaws, Regulator Says in Internal Documents
The Information Commissioner’s Office said in a draft report that Google’s proposed replacements for cookies have gaps that advertisers can exploit.The Wall Street Journal - Tech - Google -
Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.CNBC - Business - Donald Trump -
Biden just signed a bill that could ban TikTok. His campaign plans to stay on the app anyway
President Joe Biden’s signing of legislation that could ban TikTok in the U.S. runs counter to his campaign’s embrace of the platform and outreach to influencersABC News - Tech - Joe Biden -
Hamas official says group would lay down its arms if an independent Palestinian state is established
A top Hamas political official has told The Associated Press the Islamic militant group is willing to agree to a five-year truce with Israel and that it will lay down its weapons and convert into a political party if an independent Palestinian ...ABC News - World -
Supercell to release Squad Busters, 1st new game in over 5 years
Supercell announced that Squad Busters will launch on May 29 as its first global game in over five years.VentureBeat - Tech -
AI could kill off most call centres, says Tata Consultancy Services head
Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT groupFinancial Times - Business - Artificial Intelligence -
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.MarketWatch - Business - Donald Trump -
The U.S. fertility rate fell to 1.62 births per woman in 2023, a 2% decline from a year earlier and the lowest rate since the government began tracking it in the 1930s.
The U.S. fertility rate fell to 1.62 births per woman in 2023, a 2% decline from a year earlier and the lowest rate since the government began tracking it in the 1930s.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 -
Workers earning up to $58K a year could soon become eligible for overtime pay
The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for overtime pay.CNBC - Business