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Google's parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.
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Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business -
Starbucks Is Running Out of Americans to Drink Its Expensive Coffee
The chain is banking on foreigners, especially in China, to buy a lot more of its drinks.The Wall Street Journal - World -
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 -
Google Asks Judge to Halt Changes to its Play App Store After Losing Legal Case to Epic Games
The maker of Fortnite sued to force the tech giant to make it easier for Android users to download third-party games--and won--but parent company Alphabet is trying to stop the revamp.Inc. - Business - Google -
Rockies end historic streak: Colorado gets first wire-to-wire win after trailing in each of its first 31 games
The Rockies' 31-game stretch set a new modern record to begin a seasonCBS Sports - Sports -
Top Wall Street analysts suggest these dividend stocks for income investors
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Coca-Cola and Energy TransferCNBC - Business -
Apple’s stock is seeing its best day in 1.5 years, but an existential question remains
Now that the company has helped soothe the China concerns, it’s time for Apple to move on to the next big area of investor debate: its AI positioning.MarketWatch - Business -
Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
Berkshire Hathaway has been amassing a stake in Apple since 2016, and now owns about 6% of the iPhone maker.CNBC - Business - Apple -
U.S.C. Will Host a Graduation Party at the Coliseum After Canceling Its Main Ceremony
The university said it would hold a celebration at the Los Angeles Memorial Coliseum. More than 100 school-specific graduations and smaller receptions will also take place with tighter security.The New York Times - Top stories -
Israel has given Hamas a week to agree to a cease-fire deal or it will go ahead with its military operation in Rafah, Egyptian officials said, as the militant group stalls for better terms that would ensure its survival.
Israel has given Hamas a week to agree to a cease-fire deal or it will go ahead with its military operation in Rafah, Egyptian officials said, as the militant group stalls for better terms that would ensure its survival.The Wall Street Journal - World
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Why Mike Johnson Won't Be Kevin McCarthy'd
Infighting fatigue among Republicans—and a shift by Democrats—are set to block Marjorie Taylor Greene’s effort to oust the House speaker.The Wall Street Journal - World -
Stock Funds Fell 5% in April
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The UAW Has a Gaza Policy
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Committee That Felled University Presidents Focuses on High Schools
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