Business

The latest financial stories from around the globe, updated daily by Flipboard's human editors.

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DW English
3 hours ago
China: Economy outperforms first quarter forecasts
DW English - Deutsche Welle
Strong performance in the manufacturing sector as well as new infrastructure projects helped China's economy surpass expectations for the first three …
Bloomberg
3 hours ago
Microsoft Invests $1.5 Billion in UAE’s G42, Will Get Board Seat
Bloomberg - By Abeer Abu Omar and Dina Bass
Microsoft Corp. will invest $1.5 billion in the United Arab Emirates’ top artificial intelligence firm, G42, bolstering the Abu Dhabi-based company’s …
Bloomberg
6 hours ago
AI Startup Upstage Secures $72 Million for US, Asian Expansion
Bloomberg - By Yoolim Lee
Artificial intelligence startup Upstage secured 100 billion won ($72 million) from investors including SK Networks Co. and KT Corp. to bankroll an …
Bloomberg
6 hours ago
Xiaomi’s Success Means More Trouble for Battered China EV Stocks
Bloomberg - By Charlotte Yang
Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups. Hype around the …
6 hours ago
Runes Will Help Bitcoin DeFi ‘Close the Gap’ on Ethereum, Solana: Franklin Templeton
decrypt.co - Jason Nelson
The investment firm said Runes has the potential to help the broader Bitcoin ecosystem compete against Ethereum and Solana. The launch of Runes will …
CNBC
7 hours ago
Raimondo: Commerce Dept. will spend all of the CHIPS Act grant money this year
CNBC - Megan Cassella
TAYLOR, Texas — The Commerce Department is on track to dole out all of the $39 billion in grant money allocated under the CHIPS Act by year-end, …
CNBC
6 hours ago
Speaker Johnson to advance separate Israel, Ukraine, Taiwan bills after Iran attack
CNBC - Rebecca Picciotto
House Speaker Mike Johnson, R-La., on Monday said he plans to move forward with four individual bills to fund Israel, Ukraine and Taiwan, separating …
The New York Times
8 hours ago
Bidens Report Earning $620,000 and Paying $181,000 in Taxes in 2023
The New York Times - Zach Montague
The couple’s tax return showed a 7 percent jump in income from 2022, a result of higher taxable interest income this year. President Biden and Jill Biden, the first lady, reported earning roughly $620,000 in 2023, releasing their joint tax return for the third straight year of Mr. Biden’s presidency …
POLITICO
19 hours ago
Hochul declares victory with $237B New York spending plan
POLITICO - By Nick Reisman
The Democratic governor had to win over the Legislature for housing, public safety plans. ALBANY, New York — Gov. Kathy Hochul announced a $237 billion budget agreement with state lawmakers on Monday with a message: The doubters were wrong. The governor waded this year into politically nettlesome …
CBS News
9 hours ago
Homeowners, this week of April is still the best time to sell your house — just don't expect too much
CBS News - By Khristopher J. Brooks
For homeowners looking to sell their property this year, spring is still the best time to sell — but you may want to lower your expectations. That's …
Axios
14 hours ago
March retail sales data show the American consumer is still pretty strong
Axios - Courtenay Brown
For the latest sign of U.S. economic resiliency, look no further than Monday's retail sales report. Driving the news: Retail sales rose 0.7% in March, …
ABC News
21 hours ago
Brands rush to quench a thirst for drinks that do more than taste good
ABC News - ByDEE-ANN DURBIN Associated Press and LOUISE DIXON Associated Press
The global market has exploded for drinks that promise to do more than just taste good Supermarket beverage aisles are starting to look a lot more …
Associated Press
18 hours ago
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Associated Press
Global smartphone shipments rose nearly 8% in the first quarter, according to preliminary data from International Data Corp. It’s the third straight quarter of shipment growth and marks the return of Samsung to No. 1. There were 289.4 million units shipped in the period, according to IDC’s Worldwide …
Business Insider
15 hours ago
Squatters have taken over Gordon Ramsay's restaurant in London and are threatening legal action
Business Insider - Lauren Edmonds, Mia Jankowicz, and Grace Dean
Squatters have taken over one of Gordon Ramsay's restaurants in London, saying they aim to create a "community space" for everyone in one of the city's wealthiest areas. At least six people have taken up residence in York & Albany, an eatery and hotel in Camden Town, The Sun and BBC reported. York & …
BBC News
16 hours ago
Tata Steel to withhold enhanced redundancy package if workers strike
BBC News - Huw Thomas
BBC News Tata says its "most favourable financial package" will not be paid if workers go on strike. Tata Steel to withhold enhanced redundancy package if workers strike
NBC News
16 hours ago
Trump Media shares plunge after company files to issue additional DJT stock
NBC News - By Kevin Breuninger, CNBC
Trump Media, which created the Truth Social app and trades under the stock ticker DJT on the Nasdaq, fell nearly 20% last week. Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald …
FOX Business
1 day ago
Lufthansa, United modify schedules after Iran launches attack on Israel
FOX Business - Greg Wehner
Airlines flying to the Middle East are beginning to make changes to their schedules after Iran launched over 300 drones and missiles at Israel in a brutal assault. Reuters reported that German airline Lufthansa was suspending scheduled flights to Tel Aviv, Amman and Erbil until Tuesday. The company …
Seeking Alpha
17 hours ago
Business inventories rise as expected in February
Seeking Alpha - Liz Kiesche
• February Business Inventories: +0.4% M/M to $2,567.5B vs. +0.4% consensus and 0.0% prior. • Total business inventories-to-sales ratio based on seasonally …
TheStreet
17 hours ago
Disney to completely rework theme park, build new adventure area
TheStreet - Veronika Bondarenko
The company says the change involves “the overhaul of more than 90%” of Walt Disney Studios Park.” While Disneyland Paris was initially opened as Euro …
Axios
21 hours ago
DMV isn't building enough homes to ease housing crunch, per Post study
Axios - Mimi Montgomery
The DMV isn't on track to add the homes necessary to keep up with the region's growth, per a Washington Post study. Why it matters: More houses would …
CNBC
18 hours ago
Hong Kong regulators approve launch of spot bitcoin and ether ETFs
CNBC - Arjun Kharpal
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves …
Business Insider
21 hours ago
Franchisees say it's them, not big corporations, who are the real losers of California's $20 fast-food wage
Business Insider - Grace Dean
Franchisees say they have to bear the brunt of California's new $20 minimum wage for fast-food workers. "One of our biggest complaints is it's not so much that we're arguing what workers should make, it's that the reality is the bill for this legislation is on the backs of franchise owners," Keith …
Axios
21 hours ago
Private island on Buckeye Lake up for sale
Axios - Tyler Buchanan
If you've got millions of dollars and always wanted your own private island, here's your chance. Driving the news: Journal Island on Buckeye Lake is …
Associated Press
21 hours ago
With 'functional' beverages, brands rush to quench a thirst for drinks that do more than taste good
Associated Press - By DEE-ANN DURBIN and LOUISE DIXON
Supermarket beverage aisles are starting to look a lot more like a pharmacy. There are sodas made with mushrooms that supposedly improve mental clarity and juices packed with bacteria that claim to enhance digestive health. Water infused with collagen carries the promise of better skin, and energy …
CNN
2 days ago
Fashion that doesn’t fly: The turbulent issue of airline dress code policies
CNN
CNN — It has happened to a model, a medical doctor and a hairstylist, along with many other airline passengers: being singled out or denied boarding on a flight for their fashion choices. The typical first move for passengers involved: airing their complaints on social media. That’s what Aurora Culpo …
CNBC
12 hours ago
Oil prices fall slightly after Israel fends off large-scale aerial attack by Iran
CNBC - Spencer Kimball
U.S. crude oil futures fell slightly Monday as traders breathed a sigh of relief after Israel fended off a large-scale air assault by Iran and the …
Bloomberg
1 day ago
Venezuela Arrests Oil, Gas PDVSA Officials on Graft Probe
Bloomberg - By Fabiola Zerpa
Venezuela’s government arrested two high-level energy officials on Sunday following the detention of a former oil minister amid an investigation into …
Barron's
1 day ago
Goldman Sachs Prepares to Release Earnings After Rival Banks Set Sullen Tone
Barron's - Rebecca Ungarino
Investment bank Goldman Sachs is scheduled to release its first-quarter earnings on Monday, following a string of lackluster results from U.S. …
PBS NewsHour
1 day ago
Modi vows to turn India into global manufacturing hub as he seeks 3rd term in 2024 election
PBS NewsHour - Ashok Sharma, Associated Press
NEW DELHI (AP) — Indian Prime Minister Narendra Modi on Sunday vowed to boost social spending, develop infrastructure and make India into a global …
3 days ago
Airlines ask FAA to extend New York slot waivers through late 2025
thepointsguy.com - Sean Cudahy
Airlines want permission to operate fewer flights to New York without penalty through most of 2025; they're citing a continued shortage of air …
CNBC
2 days ago
Macy's proxy fight is over, but the battle for the department store's future wages on
CNBC - Melissa Repko
Tony Spring was already working against the clock to turn Macy's around. Now, the CEO will have two fresh faces on the department store retailer's …

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