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BP to Simplify Group Structure

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BP said it plans to simplify its organizational structure in an effort to reduce duplication and complexity, though it will keep its three business units.

U.S. Dollar's Strength to Endure, Dominance Isn't at Risk, Says Morgan Stanley

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Morgan Stanley Research expects the dollar’s resilience to endure, building on gains versus the euro and the Chinese yuan in the short term due to the U.S. business cycle.

China Reports Steady Youth Unemployment

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China’s youth unemployment rate remained steady in March, in what could be seen by some as a tentative sign that the world’s second-largest economy is gradually stabilizing.

ABB Lifts Profit Outlook Despite Sales Miss

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ABB raised its profit guidance for 2024, despte reporting flat revenue for the first quarter that missed consensus expectations and weaker group orders.

09

TSMC Profit Rises on Demand for Advanced Chips

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The results follow three straight quarterly declines and benefit from a global boom in artificial intelligence.

EasyJet Sees Narrower Loss as Travel Demand Builds

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EasyJet expects to report a headline pretax loss of roughly $423 million-$448 million in the first half, with demand for summer bookings continuing to build.

Bond Markets Seen Offering Opportunities Even Amid Tighter Spreads

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There are opportunities in bond markets despite tighter spreads, Edmond de Rothschild Asset Management said, adding that with rates high in absolute terms, they offer some protection against any economic accident.

EU Car Sales Record Biggest Drop in 16 Months

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Registrations of new cars in the European Union fell 5.2% on year in March, the largest monthly drop since November 2022, and in line with a trend of softening demand.

08

Nokia Expects Demand in Mobile Networks to Pick Up

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Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024.

Danone Backs Outlook as Sales, Volumes Beat Estimates

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Danone said it expected like-for-like sales growth of between 3% and 5% in 2024, and confirmed it anticipated a moderate improvement in recurring operating margin.

Apple to Spend More Than $250 Million to Expand Singapore Hub

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Apple will invest more than $250 million to expand a regional hub in Singapore to support growth and new undertakings in artificial intelligence, as the U.S. tech giant seeks to diversify its footprint in Asia and cut exposure to China.

07

TikTok Ban Measure Attached to House Foreign Aid Bill, Boosting Odds of Passage

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The legislation would extend the sale period for the popular Chinese-controlled app in the U.S. to seek new owners.

Nikkei Rises 0.3%, Led by Financial, Chip-Related Stocks

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Japanese stocks ended higher, led by gains in financial and chip-related stocks, as some bargain-hunting kicks in following three consecutive sessions of losses.

Is Apple an Illegal Monopoly? Antitrust Lawyer Breaks Down U.S. v. Apple

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The Department of Justice is claiming that Apple is an illegal monopoly, hanging its case on a century-old law called the Sherman Act. WSJ breaks down the DOJ’s legal argument, and how Apple might fight back.

Google Fires 28 Employees for Protesting Company's Cloud Deal With Israel

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A joint contract with Amazon has drawn the ire of tech workers.

China Pledges to Steady Yuan as Asian Currencies Come Under Pressure

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China’s central bank reiterated its commitment to a stable yuan, joining the chorus of Asian officials concerned about weakening regional currencies.

Pension Funds Are Pulling $325 Billion From Stocks

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Stock portfolios at large pension funds had a blockbuster run. Now, managers are cashing out and shifting money into bonds.

Pepper...and Salt

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Pepper...and Salt

06

Esprit Shares Gain on Deal for Possible Private Equity Injection

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Esprit shares surged after the troubled fashion retailer said it was on the cusp of winning investment from an international private-equity group.

05

House Speaker Johnson said he would proceed with a high-stakes vote to move long-stalled funding for Ukraine, Israel and other overseas allies, elbowing aside criticism from his conservative flank.

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House Speaker Johnson said he would proceed with a high-stakes vote to move long-stalled funding for Ukraine, Israel and other overseas allies, elbowing aside criticism from his conservative flank.

The Justice Department agreed to pay about $100 million to victims of former national women's gymnastics team doctor Larry Nassar, acknowledging FBI failures.

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The Justice Department agreed to pay about $100 million to victims of former national women’s gymnastics team doctor Larry Nassar, acknowledging FBI failures.

Biden called for raising tariffs on imports of steel and aluminum from China, beginning what is expected to be a broadside

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Biden called for raising tariffs on imports of steel and aluminum from China, beginning what is expected to be a broadside of protectionist steps against Beijing during a presidential election in which trade is a flashpoint.

On the battlefronts of the east, threadbare Ukrainian forces are doggedly holding on against mounting Russian assaults that are expected to reach a crescendo in the this summer.

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On the battlefronts of the east, threadbare Ukrainian forces are doggedly holding on against mounting Russian assaults that are expected to reach a crescendo in the this summer.

Maui's 2023 Lahaina Fire can be traced back to a brush fire ignited by a broken power line, a report by Hawaii's attorney general said.

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Maui’s 2023 Lahaina Fire can be traced back to a brush fire ignited by a broken power line, a report by Hawaii’s attorney general said.

The Supreme Court made it easier for workers to challenge job transfers as discriminatory, ruling that allegations of illegal treatment can be valid even if an employee's pay or rank doesn't change.

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The Supreme Court made it easier for workers to challenge job transfers as discriminatory, ruling that allegations of illegal treatment can be valid even if an employee’s pay or rank doesn’t change.

Columbia's president faced pointed questions from members of a congressional panel critical of the university's response to instances of antisemitism on campus.

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Columbia’s president faced pointed questions from members of a congressional panel critical of the university’s response to instances of antisemitism on campus.

Republicans in the Arizona state House blocked two attempts to repeal the state's 160-year-old near total ban on abortion.

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Republicans in the Arizona state House blocked two attempts to repeal the state’s 160-year-old near total ban on abortion.

An April stock selloff deepened as the S&P 500, Nasdaq and Dow industrials retreated 0.6%, 1.1% and 0.1%, respectively.

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An April stock selloff deepened as the S&P 500, Nasdaq and Dow industrials retreated 0.6%, 1.1% and 0.1%, respectively.

Economists are ratcheting up their expectations for economic growth, inflation and the level of future interest rates, The Wall Street Journal's latest quarterly survey shows.

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Economists are ratcheting up their expectations for economic growth, inflation and the level of future interest rates, The Wall Street Journal’s latest quarterly survey shows.

The UAW's historic effort to unionize more than a dozen factories outside Detroit faces its first test this week, as workers at VW's lone U.S. plant cast ballots.

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The UAW’s historic effort to unionize more than a dozen factories outside Detroit faces its first test this week, as workers at VW’s lone U.S. plant cast ballots.