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The Latest Breaking News from Wikimedia Commons

JPMorgan No More A Depositary For Russia-Based Rosneft's GDRs

JPMorgan & Chase (NYSE:JPM) has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft (OTC:RNFTF), Reuters reported. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to…

Benzinga

Shareholders Rejected Intel's Top Executive Compensation Just A Month After It Painted Dismal Q2 Outlook

Intel Corp (NASDAQ:INTC) shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to CEO Pat Gelsinger. Shareholders cast 1.78 billion votes against executive compensation at the annual meeting. Shareholders cast 921.2 million votes in favor of the compensation. The vote is non-binding. Gelsinger has earned 1,711 times as…

Benzinga

Why United Airlines Shares Are Trading Higher Today

United Airlines Holdings, Inc. (NASDAQ:UAL) updated its financial outlook for second-quarter 2022. The company stated that the demand environment has continued to improve following the previous guidance, resulting in a higher unit revenue outlook for Q2. Meanwhile, UAL noted that oil price has also increased, resulting in a higher expected fuel price for…

Benzinga

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Why Stratasys Are Trading Higher After Hours Today

Stratasys Ltd (NASDAQ:SSYS) reported first-quarter FY22 revenue growth of 21.8% year-over-year to $163.43 million, beating the consensus of $157.56 million. Product sales rose 25.2% Y/Y to $113.07 million. Services revenue increased 14.8% Y/Y to $50.36 million. The gross margin expanded 120 bps to 42.6%. The adjusted gross margin was 47.3%, up 65…

Benzinga

Class, queerness and illness in the ‘post-crisis’ era: rewriting the narrative of HIV

I often read a book’s acknowledgments to see who an author thanks for supporting the creation of their work and how they go about thanking them.

The Conversation

'The relation between politics and culture is clear and real': how Gough Whitlam centred artists in his 1972 campaign

As we enter the final week of the election campaign with its scrappy debates and breathlessly seized “gotcha” moments, the impact of Gough Whitlam’s electoral reforms can be seen at every stage.

The Conversation

Starbucks Includes Abortion Travel Coverage To US Health Benefits: Reuters

Starbucks Corp (NASDAQ:SBUX) will reimburse U.S. employees if they must travel more than 100 miles from their homes to obtain an abortion, Reuters reported. The decision was communicated by the company through a memo to its employees. The coffee chain joins the likes of Amazon.Com, Inc. (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) to offer the benefit. The…

Benzinga

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Ryanair CEO Thinks Boeing Management Needs A Reboot: CNBC

Ryanair Holdings plc (NASDAQ:RYAAY) CEO Michael O'Leary following the FY22 results, told CNBC that the company had been "very disappointed with the performance" of Boeing Co (NYSE:BA) from a commercial perspective over the last 12 months. Related: Ryanair FY22 Loss Narrows, Expects To Return To Profitability In FY23 O'Leary called for a shakeup of management at…

Benzinga

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Benzinga

Drowned village where church bells can still be heard rising from mud 80 years later

Families were evacuated and buildings submerged when picturesque Derbyshire valley was sacrificed to create a reservoir to provide water for fast-growing cities

Daily Mirror

Vladimir Putin sent his 'Butcher of Syria' to tame Ukraine a month ago. Has it brought Russia any closer to victory?

When Vladimir Putin's original plan to take Kyiv fell apart, he brought in a battle-hardened army general to clean up the mess and finish the job. But the brutal tactics that saw him crowned the 'Butcher of Syria' have not played out the same in Ukraine.

ABC News

Salesforce Looks To Assist Employees For Access To Abortions Following Roe v. Wade

Salesforce, Inc (NYSE:CRM) informed employees about helping them relocate for access to abortions or other medical procedures following an expected ruling from the U.S. Supreme Court to strike down Roe v. Wade, CNBC reports. Of the 50 U.S. states, 26 would or are likely to ban abortion if the court strikes down Roe.…

Benzinga

Aluminum Inventories Reach A New Low, Prices Plunged

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

Benzinga

Biden Administration To Inject $150M To Reactivate South Asian Alliances To Counter China: FT

To boost economic engagement in Southeast Asian countries, the Biden administration will invest $150 million in the region as part of its strategy to counter China, Financial Times Reports. The new package comes seven months after Biden promised Asean leaders that he would provide up to $102 million in investments for countries in Southeast Asia. …

Benzinga

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The Conversation

How the West discovered the Buddha

Buddhism is the third largest (and fastest growing) religion in Australia with approximately half a million adherents.

Reason

In Defense of Roe

The last 50 years have been marked by a remarkably stable social consensus balancing the rights of women and fetuses. Let's not throw that away.

Radio France Internationale

Did NATO's expansion drive Vladimir Putin to war?

The combination of Russia's decades-old fear of an eastwards-expanding NATO and its own invasion into Ukraine seems to have had an adverse effect: non-aligned Finland and Sweden strongly considering joining the anti-Russian alliance and increasing the tense stand-off between Moscow and the west.

Benzinga

Microsoft Postpones 2 Xbox Games

Microsoft Corp's (NASDAQ:MSFT) ZeniMax Media postponed two of its anticipated video games until the first half of 2023, marking a slip for the Xbox. ZeniMax unit Bethesda Softworks is producing Starfield, a space-themed action role-playing game, Bloomberg reports. ZeniMax's Arkane Austin is developing Redfall, a first-person shooter. Microsoft’s Xbox Game Pass subscription service has 25 million…

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Benzinga

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Telecoms group Vodafone Group Plc (NASDAQ:VOD) is in talks to combine its U.K. operations with Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings LTD (OTC:CKHUY), the Financial Times reports. The deal could help consolidate the British mobile market as Vodafone faces pressure from Europe’s most prominent activist investor, Cevian…

Benzinga

Six Flags Tops Q1 On Higher Attendance, Guest Spending

Six Flags Entertainment Corp (NYSE:SIX) reported first-quarter FY22 sales growth of 68% Y/Y to $138 million, beating the consensus of $122.26 million. The revenue increase was driven by higher attendance and guest spending per capita. Attendance was 1.7 million guests in the quarter, a 25% Y/Y increase. Total guest spending per capita was…

Benzinga

Toyota Launches First Battery Electric Car In Japan: Reuters

Toyota Motor Corp (NYSE:TM) has unveiled its first mass-produced battery electric car in Japan, Reuters reported. The car is being made available for only lease, a strategy the automaker said will ease driver concerns about battery life and resale value. Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of…

The Conversation

AI, philosophy and religion: what machine learning can tell us about the Bhagavad Gita

Machine learning and other artificial intelligence (AI) methods have had immense success with scientific and technical tasks such as predicting how protein molecules fold and recognising faces in a crowd. However, the application of these methods to the humanities are yet to be fully explored.

Benzinga

Coupang Shares Soar Afterhours On Q1 Results, Clocks 22% Revenue Growth

Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus of $5.25 billion. Active customers increased by 13% Y/Y, and total net revenues per Active Customer improved by 8% Y/Y to $283. The total gross profit was $1.04 billion (+42%…

Benzinga

Prologis Proposes Almost $24B Acquisition Deal For Duke Realty

Prologis Inc (NYSE:PLD) proposed to acquire Duke Realty Corporation (NYSE:DRE) in an all-stock transaction valued at $61.68 per Duke Realty share. Under the terms of the proposal, each Duke Realty share would receive 0.466 shares of Prologis common stock, equivalent to a deal value of $23.7 billion. Prologis' proposal represents a premium of 29%…

Benzinga

Nike To Add Counterfeiting Claims, False Advertising To Its Law Suit Against StockX

Nike, Inc (NYSE:NKE) asked a federal judge to let it add counterfeiting claims and false advertising to the current trademark-infringement lawsuit against sneaker marketplace StockX, Bloomberg reports. Nike prosecuted StockX in February in federal court in Manhattan for “blatantly freeriding” on Nike’s trademarks and goodwill with a service called Vault NFTs. StockX argued that…

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