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US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 681 points, or 1.7%; the S&P 500 was down 1.5%…
Hong Kong approves the first spot Bitcoin and Ethereum ETFs, set to begin trading on April 30, 2024. Anticipated “fee war” in cryptocurrency ETFs could lead to competitive pricing and market growth. The Securities and Futures Commission (SFC) of Hong Kong has officially greenlit the first spot-based Bitcoin (BTC) and…
Municipal governments across the United States are looking to rein in spending as pandemic-era stimulus dries up and inflation lingers for longer than expected.”Clearly there are significant capital needs across the U.S.,” said Michael Rinaldi, senior director at Fitch Ratings’ public finance group. The group issued a AA investment grade…
Comcast beat first-quarter earnings expectations on Thursday as broadband drove revenue even as the company and its peers have seen customer growth slow.Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG:Earnings per share: $1.04 adjusted vs. 99 cents expectedRevenue: $30.06 billion vs. $29.81 billion expectedFor the…
President Joe Biden’s reelection campaign is making a new digital ad buy in Pennsylvania aimed specifically at targeting Nikki Haley supporters, campaign officials told CNN, marking the latest sign of the Biden team’s growing efforts to try to woo would-be Republican voters who find Donald Trump unacceptable. The decision to…
Topline The Supreme Court will consider Thursday whether former President Donald Trump and other ex-presidents are “immune” from criminal charges based on their acts in office, as justices take up Trump’s attempt to dismiss his federal charges for trying to overturn the 2020 election while the case against him remains…
A version of this story first appeared in CNN Business’ Before the…
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The Mexican Peso falls versus the US Dollar after the release of…
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Oil briefly spikes after US weekly EIA data showed a big decline…
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By Jack Queen(Reuters) – Donald Trump’s criminal hush money trial is set to resume in New York on Thursday with a former tabloid publisher testifying about efforts to help Trump’s 2016 presidential bid by burying negative stories, including an alleged affair with a former Playboy model.Former National Enquirer publisher David Pecker, 72, is a key witness in the case against the former U.S. president, who is accused of falsifying business records documenting a $130,000 payment to porn star Stormy Daniels to keep her quiet about an affair she said she had with Trump in 2006. Pecker, who has not been…
(Refiles to add dropped word to the headline)By Andrew GoudswardWASHINGTON (Reuters) – The U.S. Supreme Court hears arguments on Thursday on Donald Trump’s claim that he enjoys sweeping immunity from…
President Joe Biden might not be saying much about his Republican challenger’s criminal trial, but as Donald Trump sits in a Manhattan courtroom — irritated, seemingly tired and, by his…
By Mike Scarcella(Reuters) – The U.S. government set up a likely court showdown over the scope of TikTok’s free speech protections under the U.S. Constitution after President Joe Biden signed…
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By Kylie Madry and Natalia SiniawskiMEXICO CITY (Reuters) – Mexican cement-maker Cemex reported a 13% increase in first-quarter net profit…
Finance
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The chef of a Los Angeles vegan restaurant announced that her restaurant is rebranding and transitioning to serving meat, dairy, and eggs.Chef Mollie Engelhart said that…
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By Vuyani NdabaJOHANNESBURG (Reuters) – Inflation in key African economies will slow…
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In its earliest days Buick had a reputation for engineering innovation and raw speed. Swiss-born race driver Louis Chevrolet made his name, in part, driving Buicks on race tracks around the country. In the 21st Century, though, Buick, which celebrates its 125th anniversary this year, has been a quiet spot…
Economy
Southwest Airlines on Thursday posted a wider loss for the first quarter…
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Europeans are less ambitious and don’t work as hard as Americans, said…
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