Credit Suisse Shares Plunge Amid Bank Sector Fears
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Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.CNBC - Business -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
Russia-Ukraine war live: ‘mortal’ Europe needs stronger defence, says French president
Emmanuel Macron says Europe faces existential threat from Russian aggression and calls on continent to adopt ‘credible’ defence strategy. Russia has vetoed a UN security council resolution calling on all nations to prevent a dangerous nuclear arms ...The Guardian - World - France -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
Bristol Myers Squibb shares fall amid sluggish sales of some newer drugs
Bristol Myers Squibb shares fell early Thursday after the company reported better-than-expected first-quarter results but said it would cut about 2,200 jobs this year.MarketWatch - Business -
How to pay off $7,500 in credit card debt
Do you have $7,500 or more in credit card debt? Here are a few ways to pay it off quickly.CBS News - Top stories -
Humza Yousaf faces vote of no confidence after ending power sharing with Scottish Greens – UK politics live
First minister says deal ‘has served its purpose’ and is no longer providing stability in parliament . Humza Yousaf, the SNP leader and Scottish first minister, is holding a press conference now.. He says he has been in the post for little more ...The Guardian - World - United Kingdom -
Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
Former Reddit CEO Ellen Pao says the tech sector’s DEI push is alive and well
Despite some signs of wavering commitment to corporate diversity, equity and inclusion initiatives, former Reddit CEO Ellen Pao is bullish on DEI in the tech space.MarketWatch - Business -
Ohio woman, 74, arrested in armed robbery of credit union was a victim of a scam, her family says
A 74-year-old woman charged in the armed robbery of an Ohio credit union last week is a victim of an online scam who may have been trying to solve her financial problems, according to her relatives.NBC News - Top stories -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Video from Hamas shows Israeli-American hostage once feared dead
Hamas has released a disturbing new video of an American-Israeli hostage taken captive during the Oct. 7 attack. The video, which cannot be independently verified, shows Hersh Goldberg-Polin speaking under duress. He was previously feared dead.CBS News - Top stories - Israel -
Video from Hamas shows Israeli-American hostage once feared dead
Hamas has released a disturbing new video of an American-Israeli hostage taken captive during the Oct. 7 attack. The video, which cannot be independently verified, shows Hersh Goldberg-Polin speaking under duress. He was previously feared dead.CBS News - World - Israel -
Report: Up to 200,000 Palestinians have fled Rafah fearing offensive
Yahoo News - World -
David Pecker Says He and Others Around Trump Feared His Anger
They called Donald J. Trump “the boss.” The desire to avoid his fury drove many decisions made by those around him.The New York Times - Top stories - Donald Trump -
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge
Hertz’s stock resumed its selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss, and significantly expanded its plan to sell off its electric vehicles.MarketWatch - Business -
‘Privileged access’: pro-plastic lobbyists at UN pollution talks increase by a third
Fossil fuel and petrochemical campaigners at Ottawa summit outnumber scientists, EU and Indigenous delegates. The number of fossil fuel and petrochemical industry lobbyists has increased by more than a third at UN talks to agree the first global ...The Guardian - World -
GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen
Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.MarketWatch - Business - Federal Reserve -
Scotland first minister calls cabinet meeting amid Green deal speculation
The agenda is not known, but it follows speculation about the future of the power-sharing agreement with the Scottish Greens.BBC News - Top stories -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
House speaker calls for Columbia president's resignation amid protests
House Speaker Mike Johnson was met with loud boos as he visited Columbia University, where he joined calls for the president's resignation amid pro-Palestinian protests.CBS News - Top stories - House -
House speaker calls for Columbia president's resignation amid protests
House Speaker Mike Johnson was met with loud boos as he visited Columbia University, where he joined calls for the president's resignation amid pro-Palestinian protests.CBS News - Politics - House -
Biden eyes Latino vote amid jump in Trump support
President Biden and his reelection campaign clearly state they need Latino support this November. However, several polls in recent months have revealed an increasing number of Latino voters preferring former President Donald Trump. CBS News ...CBS News - Top stories - Joe Biden -
Campus Protests Over Gaza Intensify Amid Pushback by Universities and Police
There were more than 120 new arrests as universities moved to prevent pro-Palestinian encampments from taking hold as they have at Columbia University.The New York Times - Top stories -
Boston police arrest 100 as crackdown on campus Palestine protests ramps up
At least 93 students detained at USC and 34 arrested in Austin while House speaker faced jeers at Columbia University. More than 100 people were arrested at Emerson College in Boston early on Thursday in the latest crackdown against the rising ...The Guardian - World -
Moncler Sales Beat Forecasts Amid Solid Demand in China
The Italian luxury-fashion company said revenue for the Moncler brand grew 26% in Asia.The Wall Street Journal - Business - China -
Southwest is ending service in these 4 airports amid Boeing delays
These are the airports Southwest is pulling out of completely as it looks to save costs.CBS News - Top stories -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - Business - Premier League -
California university cancels event over Gaza protests
Meanwhile, hundreds of students march in Washington DC, and congresswoman Ilhan Omar joins protesters at a New York campus.BBC News - Top stories - California -
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
Legal & General and Abrdn criticise offer as undervaluing UK-listed minerFinancial Times - Business -
Spanish Prime Minister Pedro Sánchez Considers Resignation Amid Wife’s Investigation
Despite insisting that allegations of influence peddling against his wife are false, Prime Minister Pedro Sánchez says he is considering stepping down, bewildering Spain.The New York Times - World -
Spanish Prime Minister Pedro Sánchez Considers Resignation Amid Wife’s Investigation
Despite insisting that allegations of influence peddling against his wife are false, Prime Minister Pedro Sánchez says he is considering stepping down, bewildering Spain.The New York Times - Top stories -
McConnell says university presidents need to "get control of the situation" amid protests
Senate Minority Leader Mitch McConnell appears on "Face the Nation" as pro-Palestinian protests roil American politics.CBS News - Politics -
McConnell says university presidents need to "get control of the situation" amid protests
Senate Minority Leader Mitch McConnell appears on "Face the Nation" as pro-Palestinian protests roil American politics.CBS News - Top stories