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Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
Reports: Caitlin Clark to sign 8-year, $28 million Nike deal
reut.rs/3WawaMY
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
Turkey’s ‘Orthodox’ Pivot Makes Lira a Favorite for HSBC: Turkey’s return to a more conventional approach to monetary policy is boosting investor confidence ...
bloomberg.com/news/articles/2024-04-24/turkey-s-orthodox-pivot-makes-lira-a-favorite-for-hsbc
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Bang & Olufsen Beosystem 9000c: Price, Specs, Release Date: Bang & Olufsen has released just 200 units of its new-old CD changer, but it reminds us that a ...
wired.com/story/bang-olufsen-beosound-9000-cd-changer-is-back/
Strong Demand for Treasuries Sets Stage for Another Record Sale: The US Treasury market faces another big test with a record bond auction on Wednesday ...
bloomberg.com/news/articles/2024-04-24/-impressive-demand-for-treasuries-sets-stage-for-next-big-sale
Microsoft's AI lead puts Amazon cloud dominance on watch: Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on ...
reuters.com/technology/microsofts-ai-lead-puts-amazon-cloud-dominance-watch-2024-04-24/
India's Axis Bank beats Q4 profit estimates on strong loan, NII growth: India's Axis Bank reported fourth-quarter profit above estimates on Wednesday ...
reuters.com/world/india/indias-axis-bank-beats-q4-profit-view-strong-loan-nii-growth-2024-04-24/
Zendaya-Palooza At Weekend Box Office As Luca Guadagnino’s ‘Challengers’ Looks To Serve $15M Opening & ‘Dune 2’ Returns To Imax – Preview
deadline.com/2024/04/zendaya-palooza-at-the-weekend-box-office-as-luca-guadagninos-challengers-looks-to-serve-15m-opening-dune-2-returns-to-imax-preview-1235893014/
Eni ups 2024 share buyback after Q1 net profit beats consensus: Italian energy group Eni said on Wednesday it would raise its planned 2024 share buyback by 45% ...
reuters.com/business/energy/eni-ups-share-buyback-after-q1-net-profit-beats-expectations-2024-04-24/
Treasuries Hold Gains as Record US Auction Sees Solid Demand: US government debt advanced on Tuesday as the Treasury’s hefty $69 billion sale of two-year notes ...
bloomberg.com/news/articles/2024-04-23/treasuries-hold-gains-as-record-us-auction-sees-solid-demand
In-N-Out proposes second Clark County location in east Vancouver: California fast-food chain In-N-Out has proposed a second restaurant in Clark County — this one ...
columbian.com/news/2024/apr/23/in-n-out-proposes-second-clark-county-location-in-east-vancouver/
Quick Glance: In-N-Out Proposes Second Location in Clark County's East Vancouver
- In-N-Out has proposed a new location in Clark County to meet the growing demand in East Vancouver, as indicated by the pre-planning documents submitted.
- The proposed property currently hosts a vacant Rite Aid building and is set to make room for a modern development with a new restaurant if the planning application is approved.
- The plans include a spacious building accommodating 84 guests, along with a well-designed drive-thru lane for 30 cars and ample parking spaces for 74 vehicles.
- In addition to the stucco building, the restaurant will feature a patio with seating and will operate from 10:30 a.m. until midnight on weekdays and until 1:30 a.m. on weekends.
US consumer finance watchdog raises alarm over credit card megadeals: CFPB boss warns over competition and financial stability as Capital One and Discover pursue ...
ft.com/content/83ed2a96-8c5c-4242-89bc-21eb53a9f62a
John Lennon’s long-lost guitar heads to auction: The long-lost guitar, played by John Lennon, could set a new world record as "the highest-selling Beatles ...
euronews.com/culture/2024/04/24/i-want-to-hold-your-12-string-john-lennons-lost-guitar-heads-to-auction
Japan launches anti-dumping probe into Chinese graphite electrodes for steelmaking
reuters.com/markets/asia/japan-launches-anti-dumping-probe-into-chinese-graphite-electrodes-steelmaking-2024-04-24/
Pfizer vs Moderna battle over COVID vaccine patents begins in UK: Pfizer and BioNTech asked a London court to revoke rival Moderna's patents over technology key ...
reuters.com/business/healthcare-pharmaceuticals/pfizer-vs-moderna-battle-over-covid-vaccine-patents-begins-uk-2024-04-23/
Haleon names Dawn Allen as CFO: Consumer healthcare firm Haleon said on Wednesday that Dawn Allen has been appointed as its new chief financial officer ...
reuters.com/business/healthcare-pharmaceuticals/haleon-names-dawn-allen-cfo-2024-04-24/
Express clothing retailer closing Santa Clara and Emeryville stores; sales start today
mercurynews.com/2024/04/23/express-clothing-retailer-closing-santa-clara-and-emeryville-stores-sales-start-today/
China's Huawei launches new brand for intelligent driving
reuters.com/technology/chinas-huawei-launches-new-brand-intelligent-driving-2024-04-24/
Once the West Coast's crown jewel, San Francisco's real estate market is crashing
nypost.com/2024/04/23/real-estate/san-franciscos-real-estate-market-is-crashing/
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Russia to cash in as Sberbank pays $8bn in dividends: Record profits at lender will bolster state coffers to help fund war on Ukraine
ft.com/content/8eaf2666-050e-4833-977c-8a33d572a811
Trans Mountain oil shippers raise concerns about risk of delay to full service: Some shippers on Canada's Trans Mountain expansion project are raising concerns ...
reuters.com/markets/commodities/trans-mountain-expects-first-ship-load-expanded-pipeline-second-half-may-2024-04-23/
Sanofi (SAN FP) Asks Banks to Pitch Roles for $20 Billion OTC Spinoff: French drugmaker Sanofi has asked banks to pitch for roles on the separation of its ...
bloomberg.com/news/articles/2024-04-23/sanofi-is-said-to-ask-banks-to-pitch-for-20-billion-otc-spinoff
Is Taylor Swift too big to fail?: For the first time in a long time, critics aren’t loving a new Taylor Swift album. Does it even matter?
smh.com.au/culture/music/critics-aren-t-loving-taylor-swift-s-new-album-does-it-matter-20240423-p5flw1.html
Five Eyes countries working to fight critical minerals dumping, Canada minister says
reut.rs/3JxKgQY
Alzheimer's drug adoption in US slowed by doctors' skepticism: Nine months into the U.S. launch of the first drug proven to slow the advance of Alzheimer's ...
reut.rs/3Wbq0wc
How a gag order showdown explains everything about Trump: Prosecutor Christopher Conroy captured the quintessential Donald Trump in a single sentence at the ...
cnn.com/2024/04/23/politics/donald-trump-gag-order-analysis/
Quick Glance: Trump's Attempt to Influence 2016 Election: Hush Money Trial Begins
- An prosecutor alleges that Donald Trump tried to illegally influence the 2016 election by preventing damaging stories about his personal life from becoming public.
- The trial, potentially lasting up to two months, will require Trump to spend his days in a courtroom instead of on the campaign trail.
- The indictment includes 34 counts of falsifying business records, punishable by up to four years in prison.
- The case sheds light on efforts to suppress stories, known as 'Catch-and-Kill' in tabloid industry, to prevent potentially damaging revelations.
Russia Pushes Its Largest Private Bank to Redomicile at Home: Russia began moves to compel the country’s largest private bank to redomicile by seeking to suspend ...
bloomberg.com/news/articles/2024-04-24/russia-pushes-its-largest-private-bank-to-redomicile-at-home
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Citigroup, Wall Street’s biggest loser, is at last on the up: Jane Fraser’s unexpected success
economist.com/finance-and-economics/2024/04/18/citigroup-wall-streets-biggest-loser-is-at-last-on-the-up
Time for Kering’s king to consider a step back: Kering Chairman and CEO François-Henri Pinault was 42 when his father François, the self-made billionaire who’d ...
reuters.com/breakingviews/time-kerings-king-consider-step-back-2024-04-24/
Quick Glance: Time for Kering’s King to Consider a Step Back
- Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.
- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
Newegg offers free membership program to boost signups — includes free shipping and special deals
tomshardware.com/pc-components/newegg-offers-free-membership-program-to-boost-signups-includes-free-shipping-and-special-deals
34-year-old making $49,000 a month in passive income: My favorite $0 side hustles you can start in 2024
cnbc.com/2024/04/24/ryan-hogue-on-his-favorite-zero-dollar-side-hustles.html
Pro-Palestinian Encampments Take Over American College Campuses: As the death toll from Israeli strikes on Gaza increases, pro-Palestinian encampments have ...
time.com/6969875/pro-palestinian-encampments-take-over-college-campuses-across-america/
Chinese security equipment company raided in EU over foreign subsidies concerns: A Chinese security equipment company was raided by the European Commission at ...
reuters.com/world/europe/security-equipment-company-raided-eu-over-foreign-subsidies-concerns-2024-04-23/
TotalEnergies Eyes South Africa Fuel Trade With Imports Surging: French oil major TotalEnergies SE plans to expand fuel trade with South Africa after a wave of ...
bloomberg.com/news/articles/2024-04-23/totalenergies-eyes-south-africa-fuel-trade-with-imports-surging
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Alzheimer's drug adoption in US slowed by doctors' skepticism: Nine months into the U.S. launch of the first drug proven to slow the advance of Alzheimer's ...
reuters.com/business/healthcare-pharmaceuticals/alzheimers-drug-adoption-us-slowed-by-doctors-skepticism-2024-04-23/
Quick Glance: Alzheimer's Drug Uptake Hindered by Doctors' Skepticism in US
- The first drug to slow the progression of Alzheimer's, Leqembi by Eisai and Biogen, is facing resistance in the US from doctors who believe the treatment is futile.
- The requirements of Leqembi, such as additional diagnostic tests, twice-monthly infusions, and regular brain scans, have led to slow adoption as many doctors express concerns about efficacy, cost, and risks.
- Despite FDA approval and proven benefits in clinical trials, many doctors still have reservations about Leqembi, hindering the widespread use of the drug.
- The companies behind Leqembi are working to improve physician and patient education to increase acceptance of the medication, aiming to treat 100,000 patients by 2026.
California, 21 other states back EPA vehicle emissions rules: A group of 22 states led by California and five cities are backing the U.S. Environmental ...
reuters.com/business/autos-transportation/california-21-other-states-back-epa-vehicle-emissions-rules-2024-04-23/
KPLC to pay Sh500 million for Nakumatt fire tragedy: KPLC will pay the owner of a building that housed Nakumatt Downtown supermarket more than Sh500 million for ...
standardmedia.co.ke/business/business/article/2001493801/kplc-to-pay-sh500-million-for-nakumatt-fire-tragedy
The US Supreme Court stepped into the contentious unionization drive at Starbucks, hearing arguments in the chain's challenge to a judicial order requiring it ...
reut.rs/3xQxzyf
US CDC warns of harmful reactions to fake Botox injections: The U.S. Centers for Disease Control and Prevention (CDC) on Tuesday alerted clinicians about risks ...
reuters.com/business/healthcare-pharmaceuticals/us-cdc-warns-harmful-reactions-fake-botox-injections-2024-04-23/
Google fired 20 more workers after protests against its contract with Israel: No Tech for Apartheid, which represents the workers who protested ...
qz.com/google-fires-workers-protests-israel-project-nimbus-1851428444
Pret A Manger’s Co-Founder Returns in Boardroom Shake-up: Pret A Manger is shaking up its board and bringing back its co-founder to help guide the UK ...
bloomberg.com/news/articles/2024-04-24/pret-a-manger-s-co-founder-returns-in-boardroom-shake-up
Novartis raises guidance after beating Q1 expectations: Swiss drugmaker Novartis raised its full-year guidance on wider use of psoriasis and arthritis drug ...
reuters.com/business/healthcare-pharmaceuticals/novartis-lifts-fy-guidance-after-q1-results-beat-expectations-2024-04-23/
Quick Glance: Positive Quarterly Results Lead to Guidance Increase at Novartis
- Novartis raises its annual guidance following a successful first quarter.
- Revenue increased by 10% to $11.83 billion, with adjusted operating income growing by 16% to $4.54 billion.
- CEO Vas Narasimhan is focusing more on drug development and has been active in mergers and acquisitions.
- Novartis has secured promising drugs, including an experimental prostate cancer drug from Arvinas and the company MorphoSys, which develops cancer treatments, for 2.7 billion euros.
Former National Enquirer boss reveals sleazy tactics the tabloid used to protect Donald Trump and smear his rivals
cnn.com/2024/04/24/media/national-enquirer-trump-protect-smear/
Children among 16 dead after asylum-seeker boat capsizes off Djibouti: UN: At least 28 others are missing after a boat carrying 77 asylum seekers sinks ...
aljazeera.com/news/2024/4/23/children-among-16-dead-after-asylum-seeker-boat-capsizes-off-djibouti-un
Orlen Sheds More Light on How Its Swiss Unit Lost $400 Million: Poland’s largest business, the oil company Orlen SA, set out a more detailed account of how it ...
bloomberg.com/news/articles/2024-04-23/orlen-sheds-more-light-on-how-its-swiss-unit-lost-400-million
Who was St George? The irony behind England's patron saint: Today (23 April) marks St George’s Day – a day to celebrate the Christian martyr who became the ...
indy100.com/news/who-was-st-george
JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal: JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc ...
reuters.com/markets/deals/british-retailer-jd-sports-buy-us-rival-hibbett-108-billion-2024-04-23/
Japan's 7-Eleven convenience chain targets aggressive global growth: Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for ...
reuters.com/business/retail-consumer/japans-7-eleven-convenience-chain-targets-aggressive-global-growth-2024-04-23/
Sasol Slumps After Flagging Disruptions at South African Sites: Sasol Ltd. shares fell the most in more than three months after the synthetic fuel and chemical ...
bloomberg.com/news/articles/2024-04-23/sasol-slumps-after-flagging-disruptions-at-south-african-sites
Government exit would end 'sorry tale' for Britain and bank, NatWest Chair says: Britain's plans to sell its remaining stake in NatWest would end a "sorry tale" ...
reuters.com/business/finance/natwest-ceo-sees-material-opportunities-ai-2024-04-23/
McDonald's worker, 15, left with fractured skull after brutal attack: A teenage girl working at a McDonald's in St Louis County was stomped to the ground by ...
metro.co.uk/2024/04/23/mcdonalds-worker-15-left-fractured-skull-brutal-attack-20704628/
Amazon increases the number of employees at its Achim location to 2,150: Within a few weeks, Amazon increased its permanent workforce by 7.5 percent ...
weser-kurier.de/landkreis-verden/stadt-achim/amazon-erhoeht-die-zahl-der-mitarbeiter-am-standort-achim-auf-2150-doc7v4evpit3y812h8dip7v
Indian shares set to track global markets higher; Reliance, Adani in focus: Indian shares are set to open higher on Tuesday, tracking a rebound in global markets ...
reuters.com/world/india/indian-shares-set-track-global-markets-higher-reliance-adani-focus-2024-04-23/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Microsoft, Amazon AI partnerships face scrutiny from British regulators: British antitrust regulators are seeking views on partnerships between Microsoft and ...
cnbc.com/2024/04/24/microsoft-amazon-ai-partnerships-face-scrutiny-from-british-regulators.html
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
US Supreme Court examines firings of pro-union Starbucks workers: The U.S. Supreme Court on Tuesday stepped into the contentious unionization drive at Starbucks ...
reuters.com/world/us/us-supreme-court-examines-firings-pro-union-starbucks-workers-2024-04-23/
Orlen scraps Venezuela oil deals after heavy losses - source: Polish oil refiner Orlen has cancelled contracts to buy Venezuelan oil and refined products after ...
reuters.com/markets/commodities/polands-orlen-scraps-deals-buy-venezuelan-oil-after-heavy-losses-source-2024-04-23/
Pakistan refiners warn $6 bln upgrades at risk due to fuel price deregulation plan
reuters.com/markets/asia/pakistan-refiners-warn-6-bln-upgrades-risk-due-fuel-price-deregulation-plan-2024-04-23/
Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump
cnbc.com/2024/04/24/swiss-pharma-giant-roches-first-quarter-sales-edge-higher-as-its-emerges-from-post-covid-19-slump.html
Spanish-language music shakes off complexes and makes its mark on the global stage
english.elpais.com/culture/2024-04-23/spanish-language-music-shakes-off-complexes-and-makes-its-mark-on-the-global-stage.html
Hong Kong’s bubble tea IPO flop is a sign of the market times: Chabaidao’s experience reflects weak local investor sentiment
ft.com/content/c82d23d9-e5a3-4f2d-a7bf-a584677939cc
Quick Glance: ChaPanda's Disappointing Hong Kong Debut Sees 40% Price Drop
- Chinese tea chain Sichuan Baicha Baidao, also known as ChaPanda, had a disappointing debut on the Hong Kong market with a significant price drop in morning trading.
- The shares opened at 15.74 Hong Kong dollars, 10% below its IPO price of HK$17.50, and plummeted close to 40% at one point, closing the morning session at HK$11.34, down by 35%.
Primark Owner AB Foods Expects Significant Profit Growth as Inflation Eases: Associated British Foods Plc raised its outlook and interim dividend as shoppers ...
bloomberg.com/news/articles/2024-04-23/ab-foods-expects-significant-profit-growth-as-inflation-eases
Plagiarism allegations against controversial professor: Court declares political scientist Ulrike Guérot's dismissal to be legal
spiegel.de/panorama/bildung/ulrike-guerot-gericht-in-bonn-erklaert-kuendigung-von-politologin-fuer-rechtmaessig-a-f858576a-72f2-450c-b3c3-c45c47318c95
Ithaca Energy snaps up Eni's UK assets in $940 million North Sea deal: Ithaca Energy has agreed to buy nearly all of Eni's UK-based oil and gas producing assets ...
reuters.com/business/energy/ithaca-energy-buy-enis-uk-assets-about-940-mln-2024-04-23/
In Paramount takeover effort, Silicon Valley and Hollywood worlds collide: David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat ...
reuters.com/business/media-telecom/silicon-valley-hollywood-worlds-collide-david-ellison-bids-paramount-2024-04-23/
Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report: Japan's Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural ...
reuters.com/business/energy/mitsui-says-no-decision-yet-adnoc-lng-project-tie-up-after-nikkei-report-2024-04-23/
Change Healthcare Finally Admits It Paid Ransomware Hackers—and Still Faces a Patient Data Leak
wired.com/story/change-healthcare-admits-it-paid-ransomware-hackers/
Amazon launches low-cost grocery delivery subscription plan in US: Ecommerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the ...
reuters.com/business/retail-consumer/amazon-launches-low-cost-grocery-delivery-subscription-plan-us-2024-04-23/
Pro-Palestinian Encampments Take Over American College Campuses: As the death toll from Israeli strikes on Gaza increases, pro-Palestinian encampments have ...
time.com/6969875/pro-palestinian-encampments-take-over-college-campuses-across-america/
US sanctions against Israel's military: The vote of no confidence: US takes action against a settler leader - and for the first time against a unit of the ...
spiegel.de/ausland/israel-gaza-krieg-usa-sanktioniert-israelische-armee-washingtons-misstrauensbeweis-a-57dbc8ab-39e9-4407-a046-690c1a75280e
Iraqi father in legal first against BP over son's death: Hussein Julood says the burning of gas at a BP-run oil field in Iraq caused his son's leukaemia.
bbc.com/news/science-environment-68829899
Spinneys supermarket franchisee kicks off $375 million Dubai IPO: Supermarket chain Spinneys' franchisee in the United Arab Emirates and Oman is seeking to raise ...
reuters.com/business/retail-consumer/spinneys-supermarket-franchisee-sets-ipo-price-range-raise-up-375-mln-2024-04-23/
Google fires more workers who protested its deal with Israel: An activist group says Google fired at least 20 more workers in the aftermath of protests over ...
apnews.com/article/google-israel-protest-workers-gaza-palestinians-96d2871f1340cb84c953118b7ef88b3f
Quick Glance: Google Fires More Employees Following Israel Deal Protests
- An activist group has reported that Google has terminated at least 20 more employees in response to protests over the technology supplied to the Israeli government amid the Gaza conflict, bringing the total number of dismissed employees to over 50.
- This serves as another indication of internal unrest at the tech giant, revolving around 'Project Nimbus,' a $1.2 billion contract signed in 2021 for Google and Amazon to provide cloud computing and AI services to the Israeli government.
- Last week, demonstrations were held by employees at Google offices in New York and Sunnyvale, California, resulting in the company contacting law enforcement, leading to subsequent arrests.
- According to Google, the additional terminations were carried out after an investigation gathered information from colleagues who were 'physically disrupted,' and employees were identified who wore masks and did not carry their ID badges to conceal their identities. The company refuted the group's allegations, asserting that it meticulously verified that 'each individual whose employment was terminated was personally and conclusively involved in disruptive activities within our premises.'
South Africa's Capitec Bank reports 16% rise in FY profit: South African lender Capitec Bank reported a 16% rise in full-year profit on Tuesday ...
reuters.com/business/finance/south-africas-capitec-bank-reports-16-rise-fy-profit-2024-04-23/
Reader Email: Conrad Bangkok’s Refusal To Upgrade Diamond Members?: Stingy Diamond member upgrades at the Conrad Bangkok hotel?
loyaltylobby.com/2024/04/22/reader-email-conrad-bagkoks-refusal-to-upgrade-diamond-members/
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