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AB Foods Eyes Further Profit Growth as Primark Margins Rise
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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 -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.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 -
Eye Opener: Police crack down on campus protests against the war in Gaza
Another police crackdown on campus protests against the war in Gaza. Also, powerful storms in Texas bring tornadoes, flash flooding and mandatory evacuations. All that and all that matters in today’s Eye Opener.CBS News - Top stories -
Churchill Downs eyes safety improvements ahead of the 150th Kentucky Derby
The 150th Kentucky Derby kicks off on Saturday, and Churchill Downs is looking to improve safety measures after a handful of horses got injured while practicing for the 2023 Derby. Cameron Drummond, sports reporter for the Lexington Herald-Leader, ...CBS News - Top stories -
Yellen argues that undercutting democracy threatens economic growth
Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.MarketWatch - Business -
Flight Centre's Top Executive Sees Growth Without Major M&A
Flight Centre’s top executive says the Australia-based travel company is well-positioned to grow without more major deals, though smaller acquisitions are still possible in specialized areas.The Wall Street Journal - World -
Yellen Calls Threats to Democracy Risks to U.S. Economic Growth
In a rare comment on politics--and an indirect swipe at former President Donald Trump--the Treasury Secretary says "democracy is critical to building and sustaining a strong economy."Inc. - Business
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Are You Doing It Wrong? How to Avoid Everything From Ruined Vacations to Renovation Regrets
We all make silly mistakes that cost us time, money, pleasure…even status. An expert guide to living a (relatively) unerring life.The Wall Street Journal - World -
Sam Ash Music Hunts for Buyer as Stores Close Down, Family Owner Says
Sam Ash Music, the renowned musical-instruments retailer that recently announced plans to shut down all 45 of its stores, is looking for a buyer to keep the chain and its online retail presence going, CEO Richard Ash said.The Wall Street Journal - World -
The Government-Spending Jobs Boom
Most new jobs are in healthcare, government and social assistance.The Wall Street Journal - World -
The UAW Has a Gaza Policy
Auto workers chief Shawn Fain signals the union’s solidarity with violent protesters.The Wall Street Journal - World -
Joe Biden's Japanese Diplomacy
The President says our most important allies in the Pacific are ‘xenophobic.’ Discuss.The Wall Street Journal - World - Joe Biden