New Zealand Gdp Drops 06 in December Quarter Worse Than Expected
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AbbVie’s first-quarter results top expectations as arthritis drugs fuel growth
AbbVie on Friday reported first-quarter results that beat expectations even as sales of its blockbuster autoimmune drug Humira continued to fall.MarketWatch - Business -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Tech - Netflix -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
Many Americans retire far earlier than expected — and not by choice
About 7 in 10 retirees stop working before they turned 65. For many of them, it was for reasons beyond their control.CBS News - Top stories -
Merck’s first-quarter results beat expectations amid healthy vaccine-sales growth
Merck on Thursday reported first-quarter results that beat analysts’ expectations amid strong sales of vaccines and cancer drug Keytruda.MarketWatch - Business -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
Snap’s 2024 plans are showing signs of paying off, and shares soar 25%
Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.MarketWatch - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.CNBC - Business - Federal Reserve -
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.NBC News - Top stories - Federal Reserve -
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.CNBC - Business -
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.CNBC - Business -
Sony’s ‘Kraven the Hunter’ release is delayed until December
The summer movie season may kick off next weekend, but the release calendar is still a work in progressABC News - Entertainment -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
New-car sales expected to tick higher as inventories, and deals, are on the rise
2024 is shaping up to be the best for new-car sales since 2019.MarketWatch - Business -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
Deadly Dubai floods made worse by climate change
But it rains so rarely in the region that scientists do not have enough data to be fully sure.BBC News - Top stories - Climate -
The Ninth Circuit Left the Homeless Worse Off
Leaving people to rot on the streets is the opposite of compassionate social justice and a perverse approach to the protection of civil rights.The Wall Street Journal - World -
Mark Zuckerberg's net worth plummets by more than $18 billion in Meta stock drop
Meta shares plunged on Thursday, bringing down Mark Zuckerberg's net worth, after the CEO told Wall Street about the many ways his company is losing money.CNBC - Business -
Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot
Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%.MarketWatch - Business -
A GDP Warning as Signs of Stagflation Appear
Slower growth and persistent inflation explain why voters feel glum about the economy.The Wall Street Journal - World -
Tesla’s December recall of 2 million vehicles over Autopilot now subject of regulatory probe
The U.S. National Highway Traffic Safety Administration said Friday it has launched an investigation of Tesla Inc.’s December recall of 2 million vehicles that were equipped with its Autopilot system.MarketWatch - Business -
Cost of developing new drugs may be far lower than industry claims, trial reveals
Exclusive: MSF calls for transparency after its bill for a trial of TB treatment came to a fraction of the billions claimed by pharmaceutical companies. Doctors have for the first time released details of their spending on a major clinical trial, ...The Guardian - World -
Why the GDP Report Fueled a Bond-Market Selloff
The results suggest that either the March inflation number, which will be reported Friday, will be higher than expected, or that figures for January and February will be revised up—or a combination of both.The Wall Street Journal - World -
Do the GDP and Dow Reflect American Well-Being?
Do the GDP and Dow Reflect American Well-Being?The Wall Street Journal - World -
The cost of living crisis has made the UK a poorer, more anxious nation – and worse is yet to come | Andy Beckett
Instead of buy-one-get-one-free offers, everyday life now involves carefully comparing prices and feeling increasingly powerless . Under capitalism, prices are supposed to be the centre of everything. They are the key agreement between buyer and ...The Guardian - World - United Kingdom -
There’s a hard-right tidal wave about to hit Europe – and it will only make the economic crisis worse | Gordon Brown
Near-zero growth has crushed living standards, sending voters to populist demagogues. But they have no solutions to offer. By the time of the European parliament elections in June, this year’s rightward ebb in European politics will have turned ...The Guardian - World -
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.MarketWatch - Business -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
GDP and the Dow Are Up. But What About American Well-Being?
The standard ways of measuring economic growth don’t capture what life is like for real people. A new metric offers a better alternative, especially for seeing disparities across the country.The Wall Street Journal - World -
Is another inflation scare coming? GDP seems to say yes.
A surprisingly high inflation reading in the first quarter has raised anxiety about whether a key price index in March could be worse than expected and could lower the odds of U.S. interest-rate cuts.MarketWatch - Business -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
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 -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate, but the report also included more evidence that the Federal Reserve’s efforts to tame price increases have stalled.The New York Times - Top stories -
U.S. Economy Grew at 1.6% Rate in First Quarter
Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.The New York Times - Business -
Trump beats Ford to reach quarter-finals
Former world champion Judd Trump moves into the quarter-final of this year's competition as he finishes off a 13-7 win over Tom Ford.BBC News - Top stories - Donald Trump -
Trump beats Ford to reach quarter-finals
Former world champion Judd Trump moves into the quarter-final of this year's competition as he finishes off a 13-7 win over Tom Ford.Yahoo Sports - Sports - Donald Trump