Firstft Profits and Tax Payments Jump at European Banks Still in Russia
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Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - World -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - Business -
Sony Group Profit Jumps on Stronger Game, Movie Earnings
The Japanese entertainment and electronics company reported a fourth-quarter net profit beat.The Wall Street Journal - World - Entertainment -
Sony Group Profit Jumps on Stronger Game, Movie Earnings
The Japanese entertainment and electronics company reported a fourth-quarter net profit beat.The Wall Street Journal - Business - Entertainment -
Sony shares jump after profit beats estimates, concerns about Paramount bid ease
Sony Group shares rose sharply after quarterly net profit beat analysts’ expectations and concerns eased about its bid for media and entertainment company Paramount Global.MarketWatch - Business -
There is still a lawful way to seize Russia's assets to rebuild Ukraine
In a move aimed at redirecting funds to support Ukraine, Congress adopted the REPO Act last month, granting the Biden administration powers to seize frozen Russian assets within US control. The only catch, as the adopted act acknowledges, is that ...The Hill - Politics - Ukraine -
FirstFT: US piles tariffs on to Chinese EVs and semiconductors
Also in today’s newsletter, BlackRock closes in on Bitcoin crown, and US accounting leaders agree to lower bar for recruitsFinancial Times - World -
FirstFT: Biden sharply hikes tariffs on Chinese EVs and tech imports
Also in today’s newsletter, Putin to visit China, and Anglo plans break-up to thwart £34bn BHP bidFinancial Times - World - Joe Biden -
Payments-Company Waystar Plans to Restart IPO Pitch
The private equity-backed company is eyeing a June stock-market debut.The Wall Street Journal - World -
Payments-Company Waystar Plans to Restart IPO Pitch
The private equity-backed company is eyeing a June stock-market debut.The Wall Street Journal - Business -
Can banks really fix the climate crisis?
New research suggests that their green commitments are not paying off yetFinancial Times - Business - Climate -
Chinese Shares Broadly Lower; Investors Digest Higher U.S. Tariffs
Chinese shares were broadly lower, dragged by semiconductor and auto stocks.The Wall Street Journal - World -
On Holding more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.MarketWatch - Business -
App Developers Aren't Embracing Apple's Legally Mandated Open Payment Plans
Apple was supposed to make changes that were better for consumers, and even small developers. Its offer isn't great, and few small developers have grabbed at it.Inc. - Business - US Open -
Cohen testimony connects Trump to hush money payment scheme
Michael Cohen is expected to face cross-examination by the defense in Donald Trump’s hush money trial a day after telling jurors the former president instructed him to pay off adult film star Stormy Daniels before the 2016 election and then ...NBC News - Politics - Donald Trump -
Almost half of recent homebuyers stretch to make on-time mortgage payments: Study
Nearly half of new homebuyers in a recent survey said they are struggling to pay their mortgages on time, but many said they are still happy they chose to buy when they did. According to the survey, conducted by real estate experts at Clever, 43 ...The Hill - Politics -
European Union 2024 Election: What to Know
Voters in all the 27 countries that make up the European Union are heading to polls in June to choose their representatives in the European Parliament.The New York Times - World - Europe -
In European tech, regulation vs innovation is a spurious debate
The rulebooks that matter most to success in tech innovation probably are not regulatory onesFinancial Times - Business -
Office-loan delinquencies jump to nearly 6-year high, says Moody’s
Higher interest rates, hybrid work schedules and tighter credit standards will likely keep putting pressure on office loans through 2026, according to a new Moody’s report.MarketWatch - Business -
Safra private bank assembles new dealmaking team for ultra-rich clients
J Safra Sarasin taps BoA and Goldman Sachs as it looks to expand into advising on M&A and equity capital raisesFinancial Times - Business -
Right-wing Israelis block aid to Gaza coming from the West Bank
Yahoo News - World - Israel -
'ChiefsAholic,' superfan imprisoned for bank robbery, to be featured in upcoming documentary produced by Drake
Yes, you read that rightCBS Sports - Sports -
Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.The New York Times - Business -
China's Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.The Wall Street Journal - World - China -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - World -
Tencent profits soar on its online advertising boom
Chinese internet giant focuses on other high-margin businesses as its blockbuster online games ageFinancial Times - World -
Alibaba’s stock slumps after another profit miss
Alibaba edged past revenue expectations for its latest quarter but fell short on profit, sending its stock lower in Tuesday’s premarket action.MarketWatch - Business -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - Business -
Michael Cohen testifies about Stormy Daniels payment at Donald Trump's criminal trial
Donald Trump came face-to-face with his former personal attorney Michael Cohen, who testified Monday in the former president's New York criminal trial. The one-time fixer and inside man detailed how Trump personally approved the so-called "hush ...CBS News - Politics - Donald Trump -
LISTEN: Michael Cohen audio recording reveals Trump talking Karen McDougal payment
Audio secretly recorded by Michael Cohen reveals Donald Trump in 2016 discussing a payment to Karen McDougal before he was elected president.NBC News - Politics - Donald Trump -
Michael Cohen, key witness against Trump, testifies about "hush money" payments
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.CBS News - Politics - Donald Trump -
Michael Cohen tells hush-money jury of phoney invoices to cover up payment
Trump’s ex-lawyer testifies in Manhattan court that repayments began shortly after February 2017 meeting in Oval Office. Cohen declines to bite at combative questions from Trump’s man ToddKey takeaways from day two of Cohen testimonyDonald Trump’s ...The Guardian - World -
Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker
Novavax said the deal with Sanofi allows it to remove its "going concern" warning, which it first issued last year due to doubts about staying afloat.CNBC - Business -
GameStop shares jump more than 70% after "Roaring Kitty" trader returns
GameStop shares jumped more than 70% on Monday after trader Keith Gill, known online as "Roaring Kitty," returned with a social media post after being gone for four years.CBS News - Top stories -
Plug Power’s stock jumps as much as 70% after long-awaited funding announcement
Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain.MarketWatch - Business -
AMC completes $250 million stock sale during meme rally, shares jump 30%
AMC shares soared following news of the sale and was paused for volatility at one point.CNBC - Business -
Here's how much the price of gold has jumped since January (and why you should invest now)
Gold's price has surged since January 1, giving investors a rare opportunity to potentially turn a quick profit.CBS News - Top stories -
GameStop jumps for a second day, but ends session well off highs as meme enthusiasm starts to fade
The meme stock rally kicked off by "Roaring Kitty" continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.CNBC - Business -
Nvidia CEO Jensen Huang saw his pay jump 60% last year, topping what rivals made
Nvidia CEO Jensen Huang’s base salary stayed the same last fiscal year — but other sources drove a sharp increase in his total compensation.MarketWatch - Business