Apple Posts First Revenue Fall in Three and A Half Years
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Inflation hits two-and-a-half year low as meat prices fall
New official figures show that inflation, the rate at which prices rise over time, fell again in March.BBC News - Top stories - Inflation -
Boeing’s quarterly plane deliveries fall to lowest levels in nearly three years
Boeing’s numbers marked a steep decline from the 157 units it delivered in the fourth quarter and the 130 units it delivered in the first quarter of 2023.MarketWatch - Business -
Liz Truss: ‘I don’t believe in guardrails’
Britain’s shortest-serving prime minister on being ejected from office, the need for radical economic remedies — and her battle with the ‘deep state’Financial Times - Business - United Kingdom -
Hedge fund Citadel to expand its London office space with tower move
Ken Griffin’s firm will move into British Land’s flagship development at BroadgateFinancial Times - Business -
UK car insurance prices fall for first time in two years
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year agoFinancial Times - Business - United Kingdom -
Iran warns it could review nuclear stance if Israel threatens atomic sites
Revolutionary Guards issue warning as Israel eyes retaliation for missile and drone strikeFinancial Times - Business - Iran -
Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown
Revenue for the first three months of the year came in at €20.69 billion, down 2%.The Wall Street Journal - World -
Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown
Revenue for the first three months of the year came in at €20.69 billion, down 2%.The Wall Street Journal - Business -
Charles Schwab’s stock turns higher after earnings beat, signs of ‘green shoots’
Asset-management revenue beats expectations, but trading revenue and deposit account fees miss.MarketWatch - Business -
CSX Revenue, Profit Fall Despite Rising Freight Volumes
Intermodal volume led the railroad’s volume gains in the first quarter with 7% year-over-year growth.The Wall Street Journal - World -
Lands' End is on track to make an annual profit for the first time in three years, following a pandemic slump.
Lands’ End is on track to make an annual profit for the first time in three years, following a pandemic slump.The Wall Street Journal - World -
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.CNBC - Business -
ASML posted orders below analysts' expectations for the first quarter as chip makers wait for demand to recover before securing key production equipment for the coming years.
ASML posted orders below analysts’ expectations for the first quarter as chip makers wait for demand to recover before securing key production equipment for the coming years.The Wall Street Journal - World -
FirstFT: Biden urges Israel to show restraint after Iran’s attack
Also in today’s newsletter, US and India raise hopes of global growth, and the great boomer wealth transferFinancial Times - World - Joe Biden -
TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.CNBC - Business -
Your morning coffee may be more than a half million years old
The coffee that picked you up this morning is 600,000 years oldABC News - Tech -
A look at how the first half of the season has panned out for notable teams
Our college baseball experts break down the first half of the season and what to expect the rest of the way.ESPN - Sports -
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.The Wall Street Journal - World -
When will mortgage rates fall? Three economists weigh in.
Three housing economists weigh in on what needs to happen for mortgage rates to fall.MarketWatch - Business - Mortgage -
Ericsson posts increase in profits as higher margins offset falling sales
Ericsson shares jumped 5% on Tuesday after the company posted an increase in its profits, as higher margins offset its falling salesMarketWatch - Business -
Apple’s stock was the Dow’s biggest winner this week — for the first time since November
Apple Inc.’s weekly stock gain wasn’t too much to write home about in the absolute, but it was good enough to be the largest in the Dow Jones Industrial Average.MarketWatch - Business -
Infosys’ stock sinks toward longest losing streak in 2 years after revenue miss
Infosys’s stock continued its selloff Thursday toward a 10-month low, after the India-based information-technology consultant reported fiscal fourth-quarter revenue that missed expectations.MarketWatch - Business -
TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.CNBC - Business -
'The focus was there' - Clement on Rangers' goalless draw at Dundee
Follow live text and radio coverage as Dundee take on Rangers in the Scottish Premiership.BBC News - Top stories -
Here come the Sixers! Philly overcomes deficit to beat Heat
Some hot 3-point shooting and a free chicken promotion helped the 76ers bounce back against Miami and earn a playoff date with the Knicks.Yahoo Sports - Sports -
Nokia says it expects rebound in second half of 2024 following 19% drop in first quarter sales
The Finnish telecoms company said a slump in infrastructure spending in the U.S. and India hit its first quarter revenueMarketWatch - Business -
Advertising group Publicis said first-quarter revenue continued to grow and beat expectations, helped by new business and what it called a clear rebound in the tech sector.
Advertising group Publicis said first-quarter revenue continued to grow and beat expectations, helped by new business and what it called a clear rebound in the tech sector.The Wall Street Journal - World -
Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.CNBC - Business -
Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot
Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year.CNBC - Business - Apple -
Bye, robot: Atlas HD retires after 11 years of jumps, flips and falls
Boston Dynamics' human-like Atlas robot is "retired" after 11 years.BBC News - Top stories -
ESPN's Mel Kiper, Field Yates post three-round mock draft. Here's how the Bears draft
The 2024 NFL Draft is nearly one week away from commencing in Detroit. Ahead of the draft, ESPN NFL analysts Mel Kiper and Field Yates published a joint, three-round mock draft. They each take turns drafting pick-by-pick, starting with the Bears ...Yahoo Sports - Sports -
Tesla to cut 10% of global workforce
About 14,000 jobs set to go as brutal price war and EV slowdown hit US automakerFinancial Times - Business - Tesla -
Scottie Scheffler wins the Masters for his second green jacket in three years
Scottie Scheffler wins the Masters for his second green jacket in three yearsABC News - Sports -
Michigan given three-year probation, recruiting penalties by NCAA for football violations
This ruling is unrelated to the Michigan sign-stealing investigation, which remains ongoing.Yahoo Sports - Sports -
China's exports picked up in the first quarter of the year.
China’s exports picked up in the first quarter of the year.The Wall Street Journal - World - China -
Devonte' Graham and the Spurs stun the Nuggets, who fall into a three-way tie atop the West
Devonte’ Graham converted a floater in the lane with 0.9 seconds remaining, and the San Antonio Spurs handed Western Conference-leading Denver a potentially damaging loss, rallying from 23 points down to beat the Nuggets 121-120ABC News - Sports -
2023-24 NBA year-end awards anxiety with Ben Golliver from the Washington Post | Devine Intervention
Dan Devine and Ben Golliver talk their way through some of the NBA’s year-end awards and explain why they have anxiety about voting.Yahoo Sports - Sports - NBA -
New-home construction posts biggest drop in four years, despite America facing a housing shortage
Construction on new U.S. homes fell nearly 15% in March, the Commerce Department said Tuesday.MarketWatch - Business -
Travelers’ stock suffers biggest selloff in 4 years after profit miss
Travelers’ stock was hit hard Wednesday, after the property casualty insurer missed expectations for first-quarter profit, combined ratio, and net premiums written, while total revenue beat views.MarketWatch - Business -
Russia’s First Post-Cold War Rocket Lifts Off from Remote Eastern Launch Site
Yahoo News - World - Russia