Oil Prices Drop 22 This Week Despite Opec Cuts
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Smith & Nephew grants CEO 30% pay rise despite shareholder revolt
AGM vote sees 43% come out against a hike of $2.6mn for Deepak Nath if he hits targetsFinancial Times - Business -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.MarketWatch - Business -
Why the Lakers lost their last timeout despite successful challenge against Nuggets
An NBA challenge rule was questioned by Charles Barkley after the Lakers were left with no timeouts in the final minutes of their Game 5 loss to the Nuggets.Yahoo Sports - Sports - NBA -
Presidential debate commission sticks to schedule despite Trump's urging
The first general election debate is still set to take place on Sept. 16.ABC News - Top stories - Donald Trump -
The week that shook Columbia
Protests over Gaza at the New York university have led to divisions and arrests. History professor Mark Mazower gives a first-hand accountFinancial Times - Business -
Analysis: The Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage today for a summer rate cut.The Wall Street Journal - World -
The Fed's Case for Rate Cuts Simply Does Not Exist
Every new data dump proves inflation isn't going anywhere fast.Inc. - Business -
Analysis: Fed's No-Need-to-Cut Camp Is Feeling Emboldened
A third month of disappointing inflation data dashed the prospect of the Federal Reserve setting the stage for a summer rate cut.The Wall Street Journal - World -
Petro Says Colombia Will Cut Diplomatic Ties With Israel
Yahoo News - World - Israel -
The Price We Pay for Having Upper-Class Legislators
What explains the almost total absence of working-class people from elected positions in state government?The New York Times - Top stories -
Home prices reach record highs again in February
Home prices in February increased by 6.4 percent year-over-year, according to the S&P CoreLogic Case-Shiller national home price index, released Tuesday. In January, home prices jumped by 6 percent year over year, according to the index, the ...The Hill - Politics -
House prices fall as lenders raise mortgage rates
The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.BBC News - Top stories - Mortgage -
Yousaf says he 'paid price' for upsetting Greens
But the outgoing first minister insists he was right to tear up the government's power-sharing agreement.BBC News - Top stories -
AP WAS THERE: Mexico's 1938 seizure of the oil sector from US companies
Mexico took control of its most precious natural resource by seizing the oil sector from U.S. companies in a move that’s taught to schoolchildren and celebrated as a great patriotic victoryABC News - World -
Bulgarian Distrust of Russia Simmers Over a Black Sea Oil Terminal
Russia has been losing its grip on the Rosenets Oil Terminal, near the port city of Burgas, as Bulgarian authorities seek to assert greater control over the Russian-run facility.The New York Times - Business - Russia -
Bulgarian Distrust of Russia Simmers Over a Black Sea Oil Terminal
Russia has been losing its grip on the Rosenets Oil Terminal, near the port city of Burgas, as Bulgarian authorities seek to assert greater control over the Russian-run facility.The New York Times - Top stories - Russia -
Poland probes state oil group’s Swiss subsidiary for alleged Hizbollah links
Orlen Trading Switzerland investigated for losses on trades and potential connections to Iran-backed groupFinancial Times - Business -
Poland probes state oil group’s Swiss subsidiary for alleged Hizbollah links
Orlen Trading Switzerland investigated for losses on trades and potential connections to Iran-backed groupFinancial Times - World -
Raskin calls Republican senator 'climate fatalist' in oil industry hearing
The Senate Budget Committee’s Democratic majority and Rep. Jamie Raskin (D-Md.) took aim at the oil industry Wednesday for historically minimizing the impacts of fossil fuels on the climate in a hearing on the results of a bicameral investigation ...The Hill - Politics -
Democrats accuse Big Oil of climate change ‘denial and doublespeak’
Three-year congressional investigation unearths internal industry documentsFinancial Times - World - Climate -
Democrats say Big Oil misled public for decades about climate change
Major oil companies have misled Americans for decades about the threat of human-caused climate change, according to a new report released Tuesday by Democrats in Congress.NBC News - Top stories - Climate -
Poland probes state oil group’s Swiss subsidiary for alleged Hizbollah links
Orlen Trading Switzerland investigated for losses on trades and potential connections to Iran-backed groupFinancial Times - World -
Winners of the Goldman Environmental Prize Use Courts to Contest Oil Projects
Around the world, grass-roots organizers and Indigenous communities are taking proposed coal, oil and gas projects to court — and winning.The New York Times - Science -
The week's bestselling books, May 5
The Southern California Independent Bookstore Bestsellers list for Sunday, May 5, 2024, including hardcover and paperback fiction and nonfiction.Los Angeles Times - Entertainment -
Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car
One ex-Tesla employee's post about the shock of losing his job amid a round of layoffs is sparking a workplace debate.CBS News - Top stories -
GOP Rep. Armstrong supports Speaker Johnson despite policy disagreements because ‘I’m a grown-up’
Rep. Kelly Armstrong (R-N.D.) explains why he supports Speaker Johnson despite opposing the Ukraine aid bill. He joins Meet the Press NOW to discuss the division within the House Republican conference.NBC News - Politics -
Houston moving forward with blue alternate jerseys despite threats of legal action from NFL
The NFL threatened Houston with legal action for wearing jerseys reminiscent of the old Oilers threadsCBS Sports - Sports -
Phillies strike out 18 times, but beat Angels 2-1 on Schwarber's 2-run single
Kyle Schwarber had a two-run single in the second inning, Alec Bohm extended his hitting streak to 15 games and the Philadelphia Phillies defeated the Los Angeles Angels 2-1ABC News - Sports - MLB -
Jags cut WR Jones after picking Thomas in draft
The Jaguars have released wide receiver Zay Jones, the team announced Tuesday.ESPN - Sports - NFL -
Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.CNBC - Business -
New Jersey barber specializes in cuts for those with developmental disabilites
A barber in Nutley, New Jersey, specializes in giving haircuts to adults with autism, sensory issues and other developmental disabilities. His services are so sought after, some of his clientele even fly in from out of state.CBS News - Top stories -
How much will the 2p National Insurance cut save me?
A further 2p cut in National Insurance for 27 million workers has come into effect.BBC News - Top stories -
The Fed rate decision meeting is today. Here are the odds of a cut.
Inflation-weary consumers have also been slammed by high borrowing costs. Here's what economists expect the Fed to announce.CBS News - Top stories - Federal Reserve -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Fed holds off on rate cuts after 'lack of further progress' on inflation
The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up and the labor market remains strong, likely pushing potential rate cuts even later into the year. Interest rates will remain at a range of 5.25 to 5.5 ...The Hill - Politics - Federal Reserve -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - World -
Colombia to cut diplomatic ties with Israel over Gaza war
Yahoo News - World - Israel -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - Business -
Marjorie Taylor Greene moves to oust Republican Speaker Mike Johnson
Firebrand Georgia congresswoman calls for vote on motion next week, deepening party’s civil warFinancial Times - Business