Stocks Fall to End Wall Street S Worst Year Since 2008 S&p 500 Closes 2022 Down Nearly 20
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IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Tesla shows Wall Street a path to ‘positive catalysts,’ BofA says
Tesla Inc.’s better-than-expected quarterly earnings and reassurances from the EV maker that it is on a path of “positive catalysts” led to a stock upgrade at BofA Securities on Wednesday.MarketWatch - Business - Tesla -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
Zuckerberg burns some goodwill on Wall Street as he plows forward with the metaverse
Investors clearly also concerned that Meta’s spending will include a lot more on virtual and augmented reality.MarketWatch - Business -
Klimt portrait lost for nearly 100 years auctioned for $32 million
Gustav Klimt's "Portrait of Fräulein Lieser," which went missing after its owners fled Austria after 1930, was auctioned off for $32 million.CBS News - World -
Klimt portrait lost for nearly 100 years auctioned for $32 million
Gustav Klimt's "Portrait of Fräulein Lieser," which went missing after its owners fled Austria after 1930, was auctioned off for $32 million.CBS News - Top stories -
Hong Kong Shares Fall 0.4%, Led by Mixed Bag of Companies
Hong Kong’s benchmark Hang Seng Index fells in morning trade, with investor sentiment likely dampened by some losses among U.S. shares, which ended mixed overnight.The Wall Street Journal - World - Hong Kong -
Fauci to testify before Congress for the first time since stepping down
Anthony Fauci, former chief medical adviser to President Biden, will testify before the House Select Subcommittee on the Coronavirus Pandemic on June 3, making it the first time he will appear before a congressional panel since leaving government ...The Hill - Politics -
Transportation stocks sink, with industry ETF booking biggest drop since October
Transportation stocks were punished Wednesday, with sharp drops weighing on an exchange-traded fund whose top holdings include airlines, railroads and a trucking company.MarketWatch - Business -
Meta shares fall as it predicts higher expenditure on AI
Facebook and Instagram parent steps up investment as Big Tech jockeys for position in the sectorFinancial Times - Business -
Meta’s plans for AI spending spree send shares lower
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Meta’s plans for AI spending spree send shares lower
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Meta’s plans for AI spending spree send shares lower
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Meta’s plans for AI spending spree send shares lower
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 -
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
US president says ‘we need to move fast’ as Ukrainian troops falter on front linesFinancial Times - Business - Joe Biden -
Biden campaign will continue to use TikTok despite divest-or-ban law
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger votersFinancial Times - World - Joe Biden -
Minnesota's Naz Reid wins NBA's Sixth Man of the Year award, edging Malik Monk in close vote
Naz Reid, who helped the Minnesota Timberwolves overcome an injury to Karl-Anthony Towns to have one of the best seasons in franchise history, was voted the NBA’s Sixth Man of the YearABC News - Sports -
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 -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Slowing Down for Poetry and Time
A London exhibition by Van Cleef & Arpels will showcase heritage pieces alongside novelties introduced at the Watches and Wonders fair.The New York Times - Lifestyle -
Worst U.S. cities for air pollution ranked by lung association
This 2024 "State of the Air" report warns efforts to reduce emissions are undermined by extreme heat, drought and wildfires caused by climate change.CBS News - Top stories -
Why Do 20-Somethings Love Signet Rings Now? 'It's Not About Being Snobby.'
Once marked by a certain elitism, signet rings now come in both classic and more irreverent, even decidedly zany versions. ‘We are now empowered to choose the symbols that represent us for ourselves.’The Wall Street Journal - World -
Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes
A little over a year ago, Chipotle announced the opening of its first Farmesa location.CNBC - Business -
Russia or EU? Controversial bill draws Georgians onto streets
Thousands of Georgians have been protesting against a new bill that they claim will crush dissent.BBC News - Top stories - Russia -
College protests live updates: USC closes main campus to public
Protests have broken out at colleges and universities across the country in connection with the war in Gaza.ABC News - Top stories -
What the End of Negative Rates Means for Japan
The world’s fourth-largest economy is entering a new era, and there’s a lot at stake.The Wall Street Journal - World - Japan -
The Media Say Crime Is Going Down. Don't Believe It
The decline in reported crimes is a function of less reporting, not less crime.The Wall Street Journal - World -
Cakes and drinks sweetener neotame can damage gut wall, scientists find
Industry’s sugar substitute E961 can have ‘toxic effect on health’, says study finding sweetener capable of damaging intestinal bacteria. A sweetener used in cakes, soft drinks and chewing gum can seriously damage people’s health by weakening the ...The Guardian - World -
Cody Bellinger heads to IL after collision with outfield wall
The Cubs will be without their star center fielder for an unknown period of timeYahoo Sports - Sports -
2024 NFL Worst Mock Draft Ever: First-round picks designed to anger every single NFL fan base
Will Brinson trolls his boat once againCBS Sports - Sports - NFL -
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 -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Google says it will miss target for ending third-party cookies
Google said Tuesday that it will no longer be able to complete its phaseout of third-party cookies by the end of 2024. “We recognize that there are ongoing challenges related to reconciling divergent feedback from the industry, regulators and ...The Hill - Politics - Google -
Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Pope Francis says "a negotiated peace is better than a war without end"
In an exclusive interview with CBS News' Norah O'Donnell, Pope Francis called for "negotiated peace" in Ukraine and Gaza, noting the devastating effects war has on children.CBS News - World -
Pope Francis says "a negotiated peace is better than a war without end"
In an exclusive interview with CBS News' Norah O'Donnell, Pope Francis called for "negotiated peace" in Ukraine and Gaza, noting the devastating effects war has on children.CBS News - Top stories -
Pope Francis says "negotiated peace is better than a war without end"
Pope Francis called for countries at war to negotiate in an exclusive interview with "CBS Evening News" anchor and managing editor Norah O'Donnell in Rome. "A negotiated peace is better than a war without end," the pontiff said. "Look to ...CBS News - World -
Pope Francis says "negotiated peace is better than a war without end"
Pope Francis called for countries at war to negotiate in an exclusive interview with "CBS Evening News" anchor and managing editor Norah O'Donnell in Rome. "A negotiated peace is better than a war without end," the pontiff said. "Look to ...CBS News - Top stories