Gross domestic product was expected to increase at an annualized pace of 2% in the first quarter, according to Dow Jones.Story Published at: April 27, 2023 at 01:35PM
GDP rose at a 1.1% pace in the first quarter, less than expected
Comcast beats estimates despite slowing broadband growth, higher Peacock losses
Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.Story Published at: April 27, 2023 at 12:30PM
Recession risk and inflation fears creating ‘a huge amount of confusion’ for investors, strategist says
Bob Parker, senior advisor at International Capital Markets Association, said investor confusion appeared to be emerging as a big theme in financial markets.Story Published at: April 27, 2023 at 10:43AM
The EU outlined its plan to equalize drug access and lower prices. Pharma firms are not happy
A proposal for the biggest shake-up in pharma rules for decades has finally arrived, but companies say they could take their innovative medicines elsewhere. Story Published at: April 27, 2023 at 07:56AM
Oil major BP braces itself for shareholder revolt after scaling back its climate targets
BP is bracing itself for a shareholder revolt on Thursday after the oil major rolled back its emission reduction targets in the wake of record profits. Story Published at: April 27, 2023 at 07:37AM
Deutsche Bank logs 11th straight quarterly profit, reveals job cuts
Deutsche Bank on Thursday reported a net profit of 1.158 billion euros ($1.28 billion) for the first quarter.Story Published at: April 27, 2023 at 06:21AM
Kremlin critics and Putin’s political enemies face an ‘extremely dangerous’ situation in Russia right now
Political opposition within Russia has been fraught with risks for years but now it is becoming increasingly impossible, particularly against a backdrop of war.Story Published at: April 27, 2023 at 06:21AM
A U.S. tech downturn offers India ‘a bigger opportunity,’ says Infosys founder
Narayana Murthy, founder of India’s IT giant Infosys, sees a downturn in the U.S. or other developed nations as an opportunity for India.Story Published at: April 27, 2023 at 03:00AM
Samsung’s profit plunged 95% amid weak memory chip demand
Samsung’s profit plunged in the first quarter of 2023 as prices for memory chips continued to fall and demand remained weak.Story Published at: April 27, 2023 at 01:44AM
Tucker Carlson breaks his silence without addressing why Fox News fired him
Tucker Carlson broke his silence in a video on Twitter two days after he was fired from his primetime post on Fox News. Story Published at: April 27, 2023 at 01:45AM