United States

US weekly jobless claims fell, indicating continued job growth after a slowdown in March

New applications for U.S. unemployment benefits fell last week, indicating continued job growth after a slowdown in March.

United States

Congrats, America. You've finally earned enough this year to cover your 2018 tax bill

As of Thursday, Americans have earned enough money so far this year to cover their collective tax bill.

World

Russia demands compensation for US steel tariffs

Moscow has joined other nations in seeking rebates from Washington via the World Trade Organization.

United States

California agency is probing Tesla for occupational safety

Tesla is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory.

United States

How doctors in the US prescribe opioids — four charts

Opioid prescriptions are on the decline, according to a new report. But experts say the number is still too high.

World

Sony is teaming up with a US university to make robots that cook

The initial research and development will look into optimizing food preparation, cooking and delivery.

World

Apple, Nvidia shares fall after a key Asian chip partner gives weak guidance

Taiwan Semiconductor Manufacturing gave disappointing sales guidance due to the weak smartphone market.

Investing

Alpha males hurt alpha: Hedge fund managers with high testosterone underperform

Hedge-fund managers with high testosterone underperform those with low testosterone by 5.8 percent a year, a study says.

Finance

Blackstone earnings drop 20 percent, hurt by the equity market slump

Blackstone said on Thursday first-quarter earnings per share fell 20 percent year-on-year, as a stock market slump weighed on the value of its holdings.

World

G-20 countries ‘weak’ in tackling tax havens, international corruption watchdog says

International watchdog warns G20 countries that they are 'weak' and falling short in tackling tax havens

United States

Comcast and Independence Health to partner on new health care platform

Comcast is teaming up with Independence Health Group to launch a new consumer-oriented health-care technology platform.

Finance

Procter & Gamble beats estimates on the top and bottom lines

P&G reports better-than-expected revenue, boosted by strong sales in its beauty, fabric and home-care businesses.

Investing

At the last minute, AT&T withdraws the planned IPO of its Vrio unit

AT&Inc has withdrawn its planned initial public offering of Vrio, its DirecTV business in Latin America, just hours before the new stock was to start trading.

Business

A start-up that aims to discover new drugs for incurable illnesses is now worth $2 billion after funding

BenevolentAI said the latest round of funding will help it scale drug development and its AI platform.

World

75% of the ultra-rich forecast a US recession in the next two years, survey finds

The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found.

Asia

Korean Air headquarters reportedly raided in probe into 'nut rage' sister

Cho Hyun-min, a senior vice president at Korean Air, is under investigation by police for possible assault.

World

UK government proposes ban on plastic straws, cotton buds and drink stirrers

The U.K. government unveiled the plans at the Commonwealth Heads of Government Meeting in London.

Finance

Oil's 'artificial' surge to multi-year highs could spark a new crisis, economist warns

An upswing in crude futures could be enough to fast-track the energy market's next crisis, one economist told CNBC.

United States

FAA orders fan blade inspections after Southwest Air jet engine explosion

U.S. airline regulators have ordered inspections on engine fan blades like the one that snapped off a Southwest Airlines plane.

Technology

Adyen, a payments firm with clients such as Netflix and Uber, is eyeing an IPO after record revenues

The Dutch payments processing firm is considering a stock market listing this year, a source told CNBC.

Business

Fox chose Disney over Comcast due to concerns about the regulatory risks and its stock value, a filing shows

Twenty-First Century Fox had previously rejected a bid from Comcast over concerns about the regulatory risks and its stock value, a regulatory filing showed.

United States

US stocks are likely to start off lower, as fresh corporate earnings flood in

U.S. stock index futures fluctuated ahead of Thursday’s open, as earnings season continued to deliver fresh results.

Business

Chinese consumers forecast to spend more time on their phones than watching TV this year

Chinese adults are expected to spend nearly a third of their daily digital activity watching digital video by 2020.

World

Goldman Sachs executive says it's 'too early to fear a full-on global meltdown' in stocks

The chief executive of Goldman Sachs Asset Management's (GSAM) international division played down fears of a stock market correction despite concerns over international trade and hefty valuations.

World

North Korea has a new budget and it's full of fiscal hijinks

North Korea's Supreme People's Assembly passed a budget with all of those features last week in an annual ritual reflecting the country's conflicting desires to keep up appearances.

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