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Stocks Fall After GDP, Inflation Data
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South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
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 -
Luminar’s stock falls as lidar maker plans to lay off 20% of workforce as part of restructuring plan
Shares of Luminar Technologies Inc. dropped more than 9% in extended trading Friday after the maker of lidar and other sensors for self-driving vehicles said it was cutting its workforce by 20% as part of a restructuring plan.MarketWatch - Business -
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple -
Amgen ‘very encouraged’ by data from weight-loss-drug trial, as stock jumps
Shares of Amgen Inc. rallied in the extended session Thursday after the drug maker posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.MarketWatch - Business -
Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business
More from The Wall Street Journal
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Investors Were Burned by European Banks for Years---Until Now
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.The Wall Street Journal - World -
The Science Behind Why the World Is Getting Wetter
From East Africa to southeastern Australia, large parts of the planet are underwater after unusually heavy rains in unexpected areas.The Wall Street Journal - World -
Baby Boomer Professors Join Student Protests, Risking Arrest and Violence
Faculty are taking to the front lines at universities, often in support of students’ right to protest.The Wall Street Journal - World -
Bondholders to Push Ukraine to Resume Debt Payments After Hiatus
After Russian troops stormed into the country two years ago, Ukraine’s lenders said Kyiv could wait to pay them back. Now, their patience is starting to run out.The Wall Street Journal - World - Ukraine -
Israel Wants to Go Into Rafah. It's Taking a Big Risk.
The military objectives are important, but risks to civilians and to Israel’s international standing will be hard to escape.The Wall Street Journal - World - Israel