First-quarter net profit surged to $10.33 billion from $2.76 billion in the same period a year earlier, the Asia-focused lender said Tuesday.
Dow Jones Newswires: U.K. shop-price inflation likely to have peaked after April deceleration, report says
Prices at U.K. stores in the period April 1-7 were 8.8% higher on year, slowing from an 8.9% increase in March, but still above the 3-month average rate of 8.7%.
Dow Jones Newswires: RBA resumes interest-rate increases, despite signs of inflation peak
The RBA put its aggressive campaign of interest-rate increases on hold in April, snapping a record run of 10 consecutive increases.
The Margin: Aerosmith is going on a ‘Peace Out’ farewell tour — but is this really goodbye for good?
Artists often say they’re retiring, but fans and experts suspect the farewell can just be a marketing ploy.
: Hollywood writers go on strike, saying they face ‘existential crisis’
Hollywood writers will strike for the first time in 15 years, halting production of TV shows and movies.
: Morgan Stanley reportedly plans to lay off thousands more
Investment bank Morgan Stanley is preparing for a new round of layoffs, according to a new report.
Earnings Results: Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%
Chegg Inc. shares headed toward their lowest price since 2017 after the company’s forecast called for a revenue decline as students use ChatGPT.
: IBM expects to pause hiring for thousands of jobs that can be done by AI: report
The CEO of International Business Machines Corp. expects to pause the hiring of thousands of people for positions that could be replaced by artificial intelligence in the coming years, according to a new report.
: Vice preparing to file for bankruptcy: reports
Beleaguered digital-media company Vice Media is preparing to file bankruptcy, the New York Times and Wall Street Journal reported late Monday.
: The number of gig workers murdered on the job hits highest level since 2017, report says
Most of those killed were people of color, workers’ group and nonprofits say.
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