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Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
Europeans have more time, Americans more money. Which is better?
Life expectancy, happiness, sustainability and innovation among factors shaping work attitudesFinancial Times - Business -
An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.
Our call of the day from TS Lombard flags worrying signs on the labor market, and Asian currencies that need things to go just right for the U.S. economy.MarketWatch - Business -
Apex Legends Trailer Reveals Season 21's Dimension-Hopping New Legend
Apex Legends Season 20: Breakout is nearing its end, and today, developer Respawn Entertainment gave players a taste of what's coming in Season 21 via a new episode of Stories From The Outlands, entitled Based On A True Story. The episode ...GameSpot - Tech -
'I Saw the TV Glow' is one of 2024's buzziest films. It took Jane Schoenbrun a lifetime to make it
Since its debut at the Sundance Film Festive, Jane Schoenbrun's “I Saw the TV Glow" has been hailed as an acutely intense psychodrama of self discoveryABC News - Entertainment -
The Fantasy Baseball Numbers Do Lie: One of 2024's true breakouts is hiding in Chicago
Fantasy baseball analyst Dalton Del Don exposes some fraudulent statistics as we near the close of Week 4.Yahoo Sports - Sports -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
HSBC Chief Executive Noel Quinnunexpectedly said he would retire, leaving the bank without a clear successor.
HSBC Chief Executive Noel Quinn unexpectedly said he would retire, leaving the bank without a clear successor.The Wall Street Journal - World -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - Business - United Kingdom -
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.CNBC - Business - Joe Biden -
Kenya floods: tourists evacuated from Maasai Mara after river bursts banks
Kenya Red Cross rescues more than 90 people from hotels and lodges as heavy rainfall continues. Scores of tourists have been evacuated by air from Kenya’s Maasai Mara national reserve after more than a dozen hotels, lodges and camps were flooded ...The Guardian - World -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recoveryABC News - World -
Bank of Canada Gov. Macklem Acknowledges Limits on Rate-Policy Divergence From Fed
“Clearly, if we cut interest rates and that weakens the Canadian dollar, that is something you have to take into account,” Macklem said.The Wall Street Journal - World - Federal Reserve -
NHL players are refining the art of the bank shot via ricochet off the masks of the goaltenders
A few goals in the first round of NHL playoffs have been scored with the puck banking in off the goaltender's maskABC News - Sports -
Why The Founder of This Fast-Growing Company Takes Off Four Times a Year to Think
Every entrepreneur needs time to really sit down and think; how Allan Njoroge from Actriv Healthcare bakes it into his year.Inc. - Business -
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media ...ABC News - Tech -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year
Viking’s stock jumped 9% in initial trades on the New York Stock Exchange on Wednesday.MarketWatch - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business -
Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.CNBC - Business -
A growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life.
A growing number of companies are offering 401(k) plans that promise employees a degree of predictability, with retirement paychecks they can count on for life.The Wall Street Journal - World -
Russia breached chemical weapons ban in Ukraine, U.S. says as it sanctions Chinese companies over war
The United States accused Russia of violating the international chemical weapons ban by deploying the choking agent chloropicrin against Ukrainian troops.NBC News - Top stories - Ukraine -
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”MarketWatch - Business -
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.CNBC - Business -
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”NBC News - Top stories -
Novo Nordisk says starter doses of weight-loss drug surge as company hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after the company boosted supplies to meet insatiable demand.MarketWatch - Business -
Ahead of election, Lyft CEO details company's newest efforts to boost voter turnout
Ahead of the upcoming election in November, Lyft announced a partnership that its CEO said he hopes continues the company's mission to bring more people to the polls.ABC News - Top stories