Trade News

Meta AI spending plans cause share price slump - BBC.com

None

Investors react badly to the Facebook and WhatsApp owner spending more than anticipated on AI.

Slack co-founder's kid reported missing, believed to be in San Francisco's notorious Tenderloin district - New York Post

Richard Pollina

Stewart Butterfield co-founded messaging app Slack in 2013 but left the company after Salesforce acquired the platform for $28 billion in 2021.

Oracle's Nashville headquarters will be mini-city - Fox Business

Breck Dumas

Oracle Corp.'s future Nashville campus will have clinics, restaurants, hotels and a concert venue, in addition to corporate offices, CEO Larry Ellison says.

Anglo American receives BHP buyout proposal, could reshape copper market - Reuters.com

Melanie Burton, Scott Murdoch, Anousha Sakoui

BHP Group bid $38.8 billion for Anglo American on Thursday, offering a deal to forge the world's biggest copper miner and sending its smaller rival's shares 13% higher.

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand - CNBC

Sheila Chiang

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

Anduril and General Atomics to Develop New Collaborative Combat Aircraft for Air Force - Air & Space Forces Magazine

John Tirpak

Anduril and General Atomics have been picked to develop Collaborative Combat Aircraft for the Air Force, the service announced April 24.

Asian stocks fall as Meta sparks renewed tech rout By Investing.com - Investing.com

Ambar Warrick

Asian stocks fall as Meta sparks renewed tech rout

Powerball winning numbers for 4/24/24 drawing, $129 million jackpot - USA TODAY

Ahjané Forbes

Powerball players the results are in for Wednesday, April 24! Here are the winning numbers for the estimated $129 million jackpot.

Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion - Fox Business

Greg Wehner

Blackstone is entering an agreement with Tropical Smoothie Cafe, which started in 1997 in Destin, Florida, to purchase the food chain for nearly $2 billion.

Boeing's financial woes continue, while families of crash victims urge US to prosecute the company - The Associated Press

Boeing has reported a $355 million loss for the first quarter. But the CEO said the results announced on Wednesday aren't the most important issue for the company right now. That's fixing its manufacturing problems, which have been in the spotlight since a do…

Various ground beef products may be contaminated with E. coli: health agency - New York Post

Fox Business

The more than a dozen potentially contaminated products were produced by the Greater Omaha Packing Co., and include both patties and tubes of raw ground beef, according to the FSIS public health al…

IBM shares fall after lackluster sales - Fortune

Brody Ford, Bloomberg

IBM separately announced it would buy HashiCorp, which sells software to manage cloud-computing operations, for $6.4 billion.

New California bill would restrict line-skipping service Clear at airports in name of equity - Fox Business

Michael Dorgan

A new bill would restrict the expedited security screening company Clear from operating in California airports as its proponents say it lets wealthier people skip the line.

Ford Q1 earnings beat, rosy 2024 outlook, cost discipline welcome news - CNBC

Jeff Marks

Ford’s results show it is off to a solid start to the year.

How US changes to 'noncompete' agreements and overtime pay could affect workers - The Associated Press

CATHY BUSSEWITZ, MAE ANDERSON

For millions of American workers, the government took two actions this week that could bestow potentially far-reaching benefits. In one move, the Federal Trade Commission voted to ban noncompete agreements, which bar millions of workers from leaving their emp…