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Netflix quarterly results beat Wall St targets, revenue outlook upbeat

By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Netflix exceeded Wall Street expectations in its quarterly earnings report and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump’s erratic tariff ...
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Kraken lays off hundreds to streamline business ahead of IPO, Coindesk reports

(Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, has laid off hundreds of employees in the past several months across all areas of its business to streamline its operations ahead of its planned IPO, Coindesk reported on Thursday. Hundreds of more people have ...
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Blackstone’s alternatives unit BXMA reports 2.3% gain in Q1

By Svea Herbst-Bayliss NEW YORK (Reuters) -Blackstone Group’s multi-asset investing BXMA unit, the world’s largest investor in hedge funds, posted a 2.3% return after fees in the first quarter, handily outpacing the HFRX Global Hedge Fund Index 0.53% return. The numbers, released on Thursday when Blackstone ...
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Federal Reserve Bank of Philadelphia names Anna Paulson as president

WASHINGTON (AP) — The Federal Reserve Bank of Philadelphia has chosen Anna Paulson, a top official at the Chicago Fed, to serve as its next president. Paulson, 60, will replace Patrick Harker on June 30, when Harker steps down after completing a 10-year term. ...
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L’Oreal sales lifted by perfume, but US challenging

By Dominique Patton PARIS (Reuters) – L’Oreal reported a 3.5% rise in like-for-like first-quarter sales on Thursday, beating expectations for slower growth, as strong demand for its creams and perfume in Europe helped counter challenging conditions in the United States. The French ...
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Google’s journey from dorm to internet dominance

(Reuters) – A U.S. judge has ruled that Google illegally monopolized digital advertising markets, paving the way for a break up of the internet empire that was started out of a Stanford University dormitory nearly 27 years ago. Google’s platform for ...
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Trump order to halt NY wind project stuns offshore industry, threatens other projects

By Nichola Groom (Reuters) -The Trump administration’s decision to halt construction of Equinor’s Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves through the offshore wind industry, raising concerns that fully-permitted developments representing billions in investment aren’t safe. U.S. President ...
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Drake complains about Kendrick Lamar’s ‘Not Like Us’ Super Bowl performance in new defamation claims

Hip hop superstar Drake is now complaining about rival rapper Kendrick Lamar’s performance of “Not Like Us” at this year’s Super Bowl, adding it to his defamation lawsuit against Universal Music Group over the diss track and its allegations of pedophilia against Drake. “The Recording ...
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US tariffs will weaken global economy and trigger inflation but not a global recession, IMF says

Surging U.S. tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund. The IMF’s Managing Director, Kristalina Georgieva, said Thursday that the Trump administration’s sharp increases in duties have caused ...
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Al Sharpton calls meeting with Target’s CEO amid DEI backlash ‘very constructive and candid’

NEW YORK (AP) — Target’s chief executive officer met Thursday with the Rev. Al Sharpton, whose civil rights organization has encouraged consumers to avoid U.S. retailers that scaled backed their diversity, equity and inclusion initiatives. Sharpton called the meeting with Target CEO Brian Cornell ...
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Factbox-Citi raises three-month gold price target to $3,500 per ounce

(Reuters) – Citi Research raised its gold price target for the next three months to $3,500 per ounce from $3,200, led by fresh buying from Chinese insurers and safe-haven flows amid tariff risks and market weakness, it said in a ...
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Trump says Fed chair Powell will leave if he asks him

WASHINGTON (Reuters) – President Donald Trump said on Thursday he believes Federal Reserve chairman Jerome Powell will leave his job if Trump asks him to do so. Trump told reporters he was not happy with Powell, saying he has been “too ...
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