Mortgaged Landlords Face Falling Profits and Refinancing Hurdles
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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 -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
Dassault Systemes Full Year on Target After Profit Rise
Dassault Systemes confirmed its full-year financial forecasts after posting a 5% increase in operating profits for the first three months.The Wall Street Journal - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World -
LG Electronics Posts Profit Turnaround on Steady Revenue Growth
The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global demand for consumer electronics this year.The Wall Street Journal - World -
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 -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
LG Electronics Posts Profit Turnaround on Steady Revenue Growth
The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global demand for consumer electronics this year.The Wall Street Journal - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - Business -
Boston Beer reports a surprise profit as Twisted Tea shipments keep growing
Boston Beer’s stock surged in after-hours trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose well above forecasts, fueled by volume increases, pricing and lower returns.MarketWatch - Business -
TotalEnergies Plans $2 Billion Buyback After Profit Beat
TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter.The Wall Street Journal - Business -
TotalEnergies Plans $2 Billion Buyback After Profit Beat
TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter.The Wall Street Journal - World -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - World -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - Business -
G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.The New York Times - Tech -
Generative AI is generating astronomical profits by trampling authors and publishers
Big tech wants a pass on the indiscriminate appropriations they have already undertaken and continue to press for their own gains. There isn’t a single, rational reason to accommodate them.The Hill - Politics -
Deutsche Bank braces for €1.3bn hit to profits from Postbank litigation
Court has warned lender it is likely to lose parts of complex lawsuit brought by former shareholders of rivalFinancial Times - Business -
The Justice Department is conducting a criminal investigation into McKinsey related to its past role in advising some of the largest U.S. opioid manufacturers on how to boost sales.
The Justice Department is conducting a criminal investigation into McKinsey related to its past role in advising some of the largest U.S. opioid manufacturers on how to boost sales.The Wall Street Journal - World -
A Greek lawmaker faces a criminal charge for allegedly punching a colleague
A far-right Greek lawmaker has been charged with criminal assault for allegedly punching a colleague on the sidelines of a parliamentary debateABC News - World -
Anti-doping body faces calls for review over Chinese swimmers
UK agency combating drugs in sport adds to pressure ahead of Paris Olympics over 2020 positive testsFinancial Times - Business -
Pedro Sánchez, Spain’s Leader, Considers Resigning as Wife Faces Inquiry
Prime Minister Pedro Sánchez put his public duties on hold. He said an inquiry into alleged influence peddling by his wife was politically motivated.The New York Times - World -
Spanish PM considers quitting as wife faces corruption investigation
Pedro Sánchez says he will announce decision on his political future next weekFinancial Times - Business -
Spanish PM considers resigning, blaming political ‘harassment’ of wife
Pedro Sánchez halts public duties, hitting out at opponents after court launches inquiry into alleged corruption by Begoña Gómez. Q&A: why is Sánchez considering resigning from office?. Spain’s socialist prime minister has cancelled his public ...The Guardian - World -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
Man who shot ex-Saints star Will Smith receives 25-year prison sentence for manslaughter
The man who fatally shot retired NFL star Will Smith after a car crash in 2016 has received a 25-year prison sentence following his January conviction on a manslaughter chargeABC News - Sports -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
Warning SEN children face 'cliff edge' after school
Caleb White is one of many children who face a 'bleak' future when they leave school, says his mum.BBC News - Top stories -
‘Outrageous’ climate activists get in the faces of politicians and oil bosses – will it work?
As the climate crisis has deepened, protesters have become more confrontational – and their ambitions have grown. The head of ExxonMobil told to “eat shit” as he was about to receive an award. A US senator and coal boss called a “sick fuck”, ...The Guardian - World - Climate -
Biden promise to rival China on shipbuilding faces a big economic problem
President Biden wants to bring shipbuilding back to the U.S. in economic rivalry with China and to boost domestic steel. Economic reality isn't on his side.CNBC - Business - Joe Biden -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - Business -
2K Faces Criticism For Banning Popular WWE 2K24 Creator
Popular WWE 2K24 creator WhatsTheStatus announced on X that all his uploads had been deleted from the game, and that he had received a permanent online ban from the 2K game. The creator was known for uploading hidden content from the game's files ...GameSpot - Tech -
McKinsey Faces Criminal Probe for its Role in Opioid Crisis
The Justice Department is investigating the consulting firm over its role in advising drug makers how to market prescription painkillers and contributed toa national addiction disaster.Inc. - Business -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - Business -
These Women Faced the Glass Cliff--and Leveraged Their Experience to Become Successful Entrepreneurs
Women are often placed in precarious leadership roles. But for some, the experience can be a turning point.Inc. - Business -
Arizona Republicans Who Supported Repealing an Abortion Ban Face Blowback
On social media, Arizona lawmakers are accused of being baby killers, cowards and traitors.The New York Times - Top stories - Abortion -
Singapore Economy Likely to Strengthen This Year, But Faces Long-Term Pressures
Singapore’s central bank said growth could be driven by the global electronics upturn, which is broadening beyond semiconductors and is fueling growth in Asia’s emerging markets.The Wall Street Journal - World -
How Sánchez appealed to the heart to save his face — and his wife’s
Also in this newsletter: Why Venice is charging visitors to enterFinancial Times - World