Mccarthy on the Debt Ceiling Spending Gop Committee Assignments and More
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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 -
Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending
Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.CNBC - Business -
Meta value falls $190bn as investors react to plan to increase spending on AI
Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow before Meta could make much revenue from products. Business live – latest updatesShares in Meta slumped 15% when Wall Street opened on Thursday, wiping about $190bn off ...The Guardian - World -
Nvidia stands to benefit as Meta spurs an even greater AI spending spree
Nvidia is among a number of companies expected to benefit from Meta’s loftier capital-expense budget.MarketWatch - Business -
‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower
The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.The New York Times - Top stories -
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 -
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 -
Tech Spending Still Proves Thorny for Some Advertising Companies
A slower pace of business in the technology sector continued to weigh on some ad holding companies in the first quarter, but things might be looking up.The Wall Street Journal - World -
Rishi Sunak: Britain Does Its Part in Ukraine and on Defense Spending
Our military budget will reach 2.5% of GDP by 2030. European allies need to step up as well.The Wall Street Journal - World - Ukraine -
Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower
The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.The New York Times - Tech -
Adults---Yes, Adults---Are Throwing Half-Birthday Parties
Younger adults especially are throwing themed picnics, booking DJs and planning vacations that run into the thousands of dollars.The Wall Street Journal - World -
Britons avoid the pub as cost of living weigh on leisure spending
Deloitte survey shows people opting to spend less money on social drinking than at any time since lockdownFinancial Times - World -
Britons avoid the pub as cost of living weighs on leisure spending
Deloitte survey shows people opting to spend less money on social drinking than at any time since lockdownFinancial Times - Business -
Mexico's presidential candidates discuss social spending, climate change in 2nd debate
Mexico’s leading presidential candidate repeatedly touted the social programs of outgoing President Andrés Manuel López Obrador and walked a fine line between supporting the national oil company and promising a clean energy transition in the ...ABC News - World - Climate -
Hazy Days in Athens and More
College protests, horses run amok, snooker championship and more images from around the world, selected by Wall Street Journal photo editors.The Wall Street Journal - World -
‘I racked up $45,000 in credit-card debt doing home repairs’: Should I refinance my $1.5 million house — or take out a personal loan to pay it off?
“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”MarketWatch - Business -
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.The Wall Street Journal - World -
Protesters Are Demanding Colleges Divest From Israel. Here's Why That's Not Happening.
Endowment chiefs say divesting would set a questionable precedent, prove challenging and raise fiduciary questions.The Wall Street Journal - World - Israel -
Basic Materials Roundup: Market Talk
Find insight on Elliott Investment Management, Agnico Eagle Mines , Anglo American’s rejection of BHP’s takeover bid, and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Auto & Transport Roundup: Market Talk
Find insight on Traton, China’s auto sales, Capital A, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Mitch McConnell Wants Military Buildup After Big Win on Ukraine Aid
The Senate minority leader is pushing to boost military spending to confront China, Iran, Russia as he prepares to leave his post.The Wall Street Journal - World - Ukraine -
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 -
Roger Goodell envisions more overseas games, more streaming and more cities hosting the NFL draft
NFL Commissioner Roger Goodell says he thinks the league will dramatically increase its number of international games in the next decadeABC News - Sports - NFL -
Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.The Wall Street Journal - Tech -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Realtors spend record $14.7 million on first-quarter lobbying as shakeup hits the real-estate industry
The National Association of Realtors scaled up its Washington lobbying effort in this year’s first quarter, according to disclosures.MarketWatch - Business -
Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.The Wall Street Journal - Tech -
Johnson, GOP lawmakers heckled at combative Columbia event
Speaker Mike Johnson (R-La.) and Republican lawmakers were repeatedly and loudly heckled during a combative press conference at Columbia University on Wednesday as they gathered to condemn antisemitism and the pro-Palestine demonstrations taking ...The Hill - Politics -
Florida GOP Rep. Posey abruptly announces retirement
He first won his deep-red seat in 2008.Politico - Politics - Florida -
Florida GOP Rep. Posey abruptly announces retirement
He first won his deep-red seat in 2008.Politico - Politics - Florida -
Florida GOP Rep. Posey abruptly announces retirement
He first won his deep-red seat in 2008.Politico - Politics - Florida