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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 -
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 -
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 -
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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Warren Buffett Praises Apple After Berkshire Cuts Stake
The legendary investor praised the iPhone maker at his annual meeting in Omaha, Neb., even after revealing that Berkshire had slashed its stake in the first quarter.The Wall Street Journal - World - Apple -
May the Fourth Be With You and More
May Day celebrations, Kenya flooding, college protests and more images from around the world, selected by Wall Street Journal photo editors.The Wall Street Journal - World -
Inside Columbia's Tumultuous Protests, as Told by Student Radio Journalists
WKCR’s 19-person team, some of the few journalists to remain on campus, went from jazz to on-the-ground news coverage.The Wall Street Journal - World -
Inside One Record Store Riding the Vinyl-Revival Wave
The Attic, near Pittsburgh, looked like it wasn’t going to survive in the early 2000s. Now it sells all genres to customers young and old.The Wall Street Journal - World -
Retailers Scale Back Self-Checkouts to Curb Irritation---and Theft
Problems with the technology are prompting companies including Target and Walmart to change their operations or ditch the stations.The Wall Street Journal - World