World’s largest brewer–whose brands include Stella Artois and Budweiser–reported net profit of $2.84 billion, up from $1.96bn in the same period a year ago
Therese Poletti’s Tech Tales: Marc Benioff reminds Wall Street that ‘this isn’t my first recession,’ saying Salesforce’s activists ‘made a lot of money today’
Marc Benioff reached out to a MarketWatch columnist who has covered Salesforce since its inception to remind Wall Street that “this isn’t my first recession.”
The Human Cost: ‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
‘Their financial situation will be even worse because once you default, the hardship on you is exponentially greater,’ said Justice Sonia Sotomayor.
The Margin: TikTok’s new screen-time limit for teens: How it works, and how to get around it
TikTok says it’s promoting conversations about “digital well-being” with its new 60-minute screen limit for teens.
The New York Post: Florida Republican pens legislation apparently aimed at canceling the party affiliation of every Democratic voter in the state
Democrats counter that “presenting a bill that would disenfranchise 5 million voters is both unconstitutional and unserious.”
: Chinese economic data paint an upbeat picture. U.S. companies operating in China are not buying it.
Chinese factory activity hit a decade high in February, according to data released Wednesday.
: Snowflake plans to hire 1,000-plus workers this year as other tech companies cut
While other software companies are trimming their workforces, Snowflake plans to continue hiring.
: Funko stock sinks more than 25% after dismal outlook in a toy industry that isn’t much fun right now
Shares of Funko nosedived in after-hours trading on Wednesday, after the collectible toy maker’s first-quarter outlook came up far worse than expected.
In One Chart: Why a ‘no landing’ scenario would be ‘treacherous’ for stocks and bonds: TS Lombard
Without a U.S. recession, the Federal Reserve will be forced to raise rates higher than anticipated, bringing back all the bad parts of 2022 for investors, warns TS Lombard.
The Margin: Theranos’s Elizabeth Holmes gives birth to second baby, pushes to delay starting her 11-year prison term
Holmes was convicted of four counts of fraud and conspiracy in January 2022 for defrauding investors and patients out of more than $144 million