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America's Great Weakness: Unserious Leaders
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Nintendo Teases Switch Successor After Weak Guidance
Nintendo said it will announce a successor to its seven-year-old Switch videogame console after guiding for a significant profit drop this fiscal year on weaker device and game sales.The Wall Street Journal - Tech -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
The Rocket Fuel Behind China Shock 2.0: Weak Currency, Deflation
Flat to falling prices coupled with inflation elsewhere and a lower exchange rate have turbocharged China’s export boom.The Wall Street Journal - World - China -
Eurozone Bond Weakness in April Was Mainly Driven by U.S. Treasurys
Eurozone government bonds remained primarily stuck in a bond-negative pull in April, emanating from the Treasury market, LBBW said.The Wall Street Journal - World -
Canada Dollar Weakness to Extend Into 2H on Rate Cuts, Asset Sales
The stage is set for continued Canadian dollar weakness, National Bank Financial said. Meanwhile, the U.S. dollar edged higher in afternoon trading in New York.The Wall Street Journal - World -
Prolonged High U.S. Rates Hurts Yen, Impacts Other Assets
High-for-longer U.S. interest rates have implications globally, BlackRock Investment institute said, adding that the divergence between the policies of the Bank of Japan and Federal Reserve is the source of yen weakness.The Wall Street Journal - World -
Spirit Airlines’ stock slides nearly 10% after air carrier’s quarterly loss, weak guidance
Airline is now focused on its future as a standalone business after its planned merger with JetBlue was called off in March.MarketWatch - Business -
Tyson Foods’ stock turns lower after sales miss, as chicken remains weak
Tyson Foods’ stock reversed course to trade sharply lower, after the meats company reported fiscal second-quarter sales that fell below expectations, as continued weakness in chicken and market-share losses offset a profit beat.MarketWatch - Business -
The problem with polling America’s young voters
Difficulty in reaching the under-30s for surveys means not all data points are created equal — and can misleadFinancial Times - Business
More from The Wall Street Journal
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Secure at Home, Putin Builds on the Alliances He Needs to Prevail in Ukraine
Vladimir Putin was inaugurated as Russia’s president for another six-year term and is now focused squarely on the war in Ukraine—and the alliances he needs to secure a victory.The Wall Street Journal - World - Ukraine -
Disney Pares Streaming Losses, Takes Hit From India Deal
The entertainment giant added streaming customers as it swung to a loss as a result of a charge from an India media venture.The Wall Street Journal - World - India -
Saudi Aramco Net Income Falls on Declining Crude Oil Volumes
Saudi Arabia’s national oil company first-quarter profit fell and missed analysts’ forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.The Wall Street Journal - World -
Stock Futures Hold Steady
U.S. stock futures were little changed as earnings take center stage during a light week for economic data.The Wall Street Journal - World -
Outgoing Calstrs CIO Reflects on His Decades as Private-Equity Trendsetter
Christopher Ailman, who is retiring as investment head of $336 billion pension, says asset class’s growth has come with some negatives.The Wall Street Journal - World