All the data so far is showing inflation isn't going away, and is making things tough on the Fed

The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.

U.S., China to hold first AI talks within 'weeks' amid ongoing TikTok stalemate

The U.S. and China will hold their first high-level talks on artificial intelligence within the "coming weeks," U.S. Secretary of State Antony Blinken said.

Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant

Intel has missed most of the significant technology transitions over the past 15-plus years, losing its standing in the chip industry along the way.

Federal regulator finds Tesla Autopilot has 'critical safety gap' linked to hundreds of collisions

Federal authorities say a "critical safety gap" in Tesla's Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities.

UK tech darling Darktrace rallies 17% after agreeing $5.32 billion private equity sale to Thoma Bravo

The move will be seen as a major blow to the London Stock Exchange.

American Airlines cuts some international flights into 2025, citing Boeing delivery delays

American is the latest carrier to tweak its growth plan, citing late-arriving planes from Boeing.

Meet the Dubai artist whose work has sold for millions — and turns down 99% of prospective buyers

One of Sacha Jafri's paintings sold for $62 million at a charity auction, making him one of the world's most expensive artists.

The new class war: A wealth gap between millennials

The surge in wealth among millennial heirs is creating new markets for wealth-management firms, luxury companies, travel firms and real estate brokers.

Airbus CFO says A350 plane production increase not tied to Boeing troubles

Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing.

Elliott takes $1 billion stake in Anglo American as miner faces takeover interest

Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC.

Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut

Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its prospects.

Long-awaited $2 billion CVC debut shows the IPO market is back on track, Euronext boss says

"It is a very strong signal of the comeback of IPOs in Europe, in particular in continental Europe," Euronext's Stéphane Boujnah said.

China's Xi says the U.S. needs to accept Beijing's rise for bilateral relations to improve

U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday.

Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China

EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.

Ukraine can keep on fighting Russia — but the 'victory' it wants might be out of reach

With future military aid looking uncertain, uncomfortable questions are being asked as to what "victory" Ukraine could realistically achieve against Russia.

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth

Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.

Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices

Chevron produced 1.57 million barrels of oil and gas daily in the U.S. for the quarter, an increase of 35% during the same period last year.

India’s farmers are up in arms again. Will it hurt Modi’s reelection campaign?

While the protestors are beginning to up the ante by blocking railway tracks, the agitation this time seems a pale shadow of their movement in 2020.

Bank of Japan keeps monetary policy unchanged, sees slightly higher inflation in fiscal 2024

The BOJ did not comment specifically on the yen, which has steadily weakened since the last BOJ meeting

Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results

Alphabet's revenue jumped 15% in the first quarter and profit in the company's cloud business more than quadrupled.

India 'confident' new EV policy measures will allow more foreign players to enter market

Last month, the government rolled out key initiatives, aimed at boosting the country's position in EV manufacturing.

Asia was most impacted by extreme weather and climate in 2023, UN report shows

Asia was the world's most disaster-hit region from extreme weather and climate in 2023, exacerbated by climate change, according to a new UN report. 

Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says

Drew Baglino, who announced he'd be leaving Tesla on April 15, is selling 1.14 million shares of the electric car company, according to a filing on April 25.

Microsoft cloud growth accelerates on back of AI push

Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.

GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.

Intel shares fall after company provides weak forecast for the current quarter

Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.

Snap shares soar 23% as company beats on earnings, shows strong revenue growth

Snap reported first-quarter results that beat analysts' estimates

Alphabet issues first-ever dividend, $70 billion buyback

Google issued its first-ever dividend of 20 cents and authorized a $70 billion share repurchase program alongside its first-quarter earnings.

South Korea's largest K-pop agency Hybe accuses sublabel executives of breach of trust

This comes after ADOR CEO Min Hee-jin accused Hybe of plagiarizing ADOR's girl group NewJeans.

Alphabet shares jump 14% on earnings beat, first-ever dividend

Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.


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