Toronto Dominion Bank Profit Falls As Provisions for Credit Losses Rise
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Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Ford stock rises as EV losses are held in check and hybrid sales surge
Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.MarketWatch - Business -
Tensions rise at college protests as Johnson calls for Columbia president to resign
Pro-Palestinian protests are taking place at major American universities, prompting some officials to take extraordinary steps to confront the growing crisis. Follow for live news updates.CNN - Top stories -
SK Hynix Returns to Net Profit After Five-Quarter Losing Streak
The company is gaining from the artificial-intelligence boom that has boosted demand for more advanced and high-end memory chips.The Wall Street Journal - Tech -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - World -
Angels dispute controversial review in loss to O's
Replay review of an initial out call on Jo Adell's attempted steal of second base with two outs in the bottom of the ninth inning was not overturned, resulting in the Angels' 6-5 loss to the Orioles.ESPN - Sports -
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 -
Meta shares fall as it predicts higher expenditure on AI
Facebook and Instagram parent steps up investment as Big Tech jockeys for position in the sectorFinancial Times - Business -
U.S. Fertility Rate Falls to Record Low
Fewer babies were born in the U.S. in 2023 than any year since 1979.The Wall Street Journal - World -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.MarketWatch - Business -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.MarketWatch - Business -
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.CNBC - 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 -
Speaker Johnson addresses rise of antisemitism on college campuses at Columbia: Watch live
House Speaker Mike Johnson (R-La.) will deliver public remarks during a visit to Columbia University Wednesday afternoon. Along with every Republican member of the New York congressional delegation, Johnson has also called for the resignation of ...The Hill - Politics -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
Meta's Advertising Business Keeps Rolling as AI Aspirations Rise
Meta Platforms on Wednesday reported record first-quarter sales, with a 27% increase versus the year prior.The Wall Street Journal - World -
Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.The Wall Street Journal - Tech -
Police arrest protesters amid crackdown on student rallies across US campuses
At least 34 arrested at University of Texas in Austin and 50 more detained at University of Southern California while House speaker jeered at Columbia University. Student Gaza protests – live updatesDozens of protesters were arrested on Wednesday ...The Guardian - World -
The best meal kits for weight loss and fitness-friendly eating
The best meal kits for weight loss make it easy (and fun!) to stick to a healthy, consistent diet.CBS News - Top stories -
Liverpool's Premier League title hopes hit by 2-0 loss to Everton. Man United survives another scare
It looks like there will be no dream send-off for Jurgen Klopp after a 2-0 loss at Everton dealt a major blow to Liverpool’s Premier League title hopesABC News - Sports - Premier League -
How one state is trying to make weight loss drugs cheaper
Weight loss drugs aren't covered by insurance for North Carolina's state employees. The state is negotiating with drugmakers Eli Lilly and Novo Nordisk to try to lower the costs.NBC News - Top stories -
As Liverpool run out of steam, title hopes evaporate at Everton for Klopp's farewell
Klopp said he'd leave Liverpool at the end of the season, but it appears his players have already switched off as a loss at Everton practically ends their title hopes.ESPN - Sports -
Van Dijk questions desire of team-mates after loss
Liverpool captain Virgil van Dijk questions his side's desire to win the Premier League after a damaging defeat against Merseyside rivals Everton.BBC News - Top stories -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
Sanders launches investigation into 'unacceptable' diabetes, weight loss drug prices
Sen. Bernie Sanders (I-Vt.), chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, on Wednesday launched an investigation into the “outrageously high prices” of Novo Nordisk’s respective diabetes and weight loss drugs, ...The Hill - Politics -
Insurers scale back reimbursements for drugs used for weight loss
A growing number of insurance carriers say they won't cover the cost of weight loss medications because it is too high. The change is forcing some patients to take desperate measures. NBC News' Erin McLaughlin reports.NBC News - Top stories -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
Hong Kong Shares Fall 0.4%, Led by Mixed Bag of Companies
Hong Kong’s benchmark Hang Seng Index fells in morning trade, with investor sentiment likely dampened by some losses among U.S. shares, which ended mixed overnight.The Wall Street Journal - World - Hong Kong -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platformsABC News - Tech -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Biogen tops profit estimates as cost cuts take hold, Alzheimer's drug Leqembi launch picks up
Alzheimer's drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.CNBC - Business -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Ford tops first-quarter earnings estimates as commercial unit offsets EV losses
Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.CNBC - Business -
NBA disagrees with LeBron James and Lakers, supports calls made late in Game 2 loss
The Lakers complained about foul calls during the team's loss to the Nuggets, but the NBA two-minute report endorsed the calls made late in the contest.Yahoo Sports - Sports - NBA -
Liverpool's Premier League title hopes likely over after Merseyside derby loss to rivals Everton
Liverpool lost 2-0 to their rivals, putting them three points behind league leaders ArsenalCBS Sports - Sports - Premier League