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15

Oil prices rebound as traders wait for U.S. first-quarter economic growth data

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U.S. gross domestic product is expected to have grown 2.4% in the first quarter, according to economists polled by Dow Jones.

Deutsche Bank shares up 6% after first-quarter profit beat, investment banking recovery

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Deutsche Bank reported first-quarter earnings on Thursday.

Don't believe these money misconceptions: 3 things to know that can help improve your finances

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Many people believe common misconceptions about managing their money. Here's what you need to know to improve your personal finances.

14

American Airlines swings to a loss, but tops estimates for Q2 forecast

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American Airlines swung to a loss in the first quarter but its forecast for the current period surpassed analysts' estimates.

Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss

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Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.

Biden's steel war plan to rival China on shipbuilding has a big economic problem

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President Biden wants to bring shipbuilding back to the U.S. in economic rivalry with China and to boost domestic steel. Economic reality isn't on his side.

Venice residents clash with riot police as city launches world’s first tourist entry fee

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The pilot program means day-trippers to Venice, one of Italy's most picturesque and historic cities, will need to pay a charge of 5 euros ($5.4).

Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025

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Southwest Airlines is one of Boeing's biggest customers and flies only 737s.

Comcast beats earnings estimates even as it sheds more broadband subscribers

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Comcast will report first-quarter earnings before the bell. Wall Street will be paying attention to broadband and Peacock subscriber numbers.

Red Lobster seeks a buyer as it looks to avoid bankruptcy filing

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Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.

13

Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales

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The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.

Many large U.S. cities are in deep financial trouble. Here's why

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Many U.S. cities are facing substantial financial challenges as inflation lingers and pandemic-era stimulus dries up.

12

BHP makes $39 billion bid for Anglo American in mining mega play

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Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion).

11

Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul

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Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

Inflation, operating costs had the biggest impact on Asian firms last year, survey shows

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Higher costs had the biggest impact on Asian businesses in 2023, even as they grappled with a global slowdown and rising interest rates, a survey by UOB showed.

09

Xpeng's Gu says robotaxis won’t be a real business for at least five years

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Xpeng, a China-based electric car startup that is also selling in Europe, has made driver-assist software one of its selling points.

Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

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AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

07

Japanese yen hits fresh 34-year low despite verbal intervention from authorities

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The yen slipped past 155 against the U.S. dollar on Wednesday, touching a new 34-year low against continued strength in the greenback.

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

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

Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services

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Among the company's investments to "transform" its specialty pharmacy services is the opening of a new facility dedicated to cell and gene therapy services.

06

India markets face an 'inevitable' correction if Modi's election win disappoints, Bernstein says

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The results of India's general elections could be the reason for a correction in the Indian stock market, according to Bernstein.

05

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

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

04

This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year

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Success didn't come easy for Pang Gek Teng, the 35-year-old founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand in Singapore.

03

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

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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.

Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity

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Shares of the Facebook and Instagram company were dropping due to short-term thinkers who can't see the forest for the trees.

Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy

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Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.

02

Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

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Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

Cramer says the pull of the bond market is worrying, so keep some cash on hand

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CNBC's Jim Cramer told investors to keep some cash on hand.

01

Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes

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A little over a year ago, Chipotle announced the opening of its first Farmesa location.