Wanted: Megabank Chief Willing to Work for Half Pay

HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss. 


 
European Oil Companies Weigh U.S. Listings to Boost Their Stock Prices

American investors have continued buying stocks of oil companies even as most European fund managers have shunned them. 


 
GSK Upgrades Targets as Core Profits Jump

GSK lifted its full-year guidance after first-quarter core earnings rose 28%, helped by higher sales of vaccines and specialty medicines . 


 
Haleon Keeps Outlook as Profits Rise

Haleon reported a 2% rise in underlying profits for the first quarter despite lower revenue, and maintained its full-year guidance and buyback plan. 


 
Founder of Binance, World's Largest Crypto Firm, Sentenced to Four Months

Changpeng Zhao's sentence was lighter than prosecutors had requested and the culmination of a multiyear U.S. investigation into crypto exchange Binance. 


 
Pinterest's stock soars 17% on big revenue and profit beat, 500 million monthly active users

Pinterest Inc.'s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates. 


 
AMD boosts its outlook for AI revenue, but stock still falls

AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year. 


 
Amazon Sales Surge as Company Focuses on AI

The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year's postpandemic slump. 


 
Tesla shares fall amid reports that Supercharger unit slashed

Tesla Inc. shares dropped Tuesday after the electric-vehicle maker reportedly cut hundreds of more jobs, including its entire Supercharger unit. 


 
Starbucks Shares Plunge After Sales, Earnings Miss

Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.


(END) Dow Jones Newswires

05-01-24 0515ET