Cart

0

Economy, Energy

“EU agrees to decarbonize air travel with the ‘world’s largest green fuels mandate for aviation’”

“European Union negotiators secured a deal to decarbonize the air travel sector, seeking to slash heat-trapping emissions by stimulating the region’s green aviation fuel market. The agreement on the so-called ReFuelEU Aviation proposal followed late night talks on Tuesday and… Continue Reading…

Business, Economy, Energy

“Oil major BP braces itself for shareholder revolt after scaling back its climate targets”

“BP is bracing itself for a shareholder revolt at its annual general meeting on Thursday — some of the U.K.’s biggest pension funds are planning to ratchet up the pressure on the oil major after it rolled back its emission… Continue Reading…

Stocks

“Meta [Facebook] shares pop 15% to 52-week high on guidance, sales increase”

“Meta shares gained more than 15% on Thursday, reaching a new 52-week high, as analysts and investors digested positive guidance for the upcoming fiscal quarter and an unexpected sales increase for the first quarter of 2023. The company reported strong… Continue Reading…

Business

“Gap to lay off 1,800 workers as part of broad push to cut costs”

“Gap will lay off about 1,800 employees as part of a broad effort to cut costs and streamline operations, the company said Thursday.  The cuts, first revealed on Tuesday, are more than three times larger than the 500 layoffs it… Continue Reading…

Business

“Comcast beats estimates despite slowing broadband growth, higher Peacock losses”

“Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses. Shares of the company rose more than 4% in premarket trading. The stock is up… Continue Reading…

Economy

“U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing”

“Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation took hold of an economy largely expected to decelerate even further ahead. Gross domestic product, a measure of all goods… Continue Reading…

Economy

“A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates ‘into perpetuity,’ Treasury Secretary Janet Yellen warns”

“…A government debt default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and interest rates rising “into perpetuity,” according to US Treasury Secretary Janet Yellen. “Since 1789, the United States has paid all of our bills… Continue Reading…

Business

“Anti-trans backlash against Bud Light has executives on the hot seat. What’s going on?”

“On Friday, Anheuser-Busch InBev, the parent company of Bud Light, placed two of its marketing executives on leave after public outcry from conservative corners over the beer brand’s partnership with a transgender influencer. The move follows weeks of controversy, including… Continue Reading…

Business

“Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard”

“Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard. The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition.… Continue Reading…

Banking

[Banking] “First Republic’s dramatic slide continues, stock falls 35% as bank looks for rescue deal”

“First Republic ’s stock sank again on Wednesday as investors kept an eye on a potential rescue deal for the troubled regional bank. Shares were down more than 35% in morning trading, extending losses of nearly 50% on Tuesday. The… Continue Reading…