President Ahmed al-Shara of Syria arrived in France on Wednesday for his first trip to a European country since ascending to power, marking a pivotal moment in his bid to reintegrate Syria into the international community.The visit came at a time of deep uncertainty for the country, which has been mired by spasms of sectarian violence as it tries to emerge from more than a decade of war.Mr. al-Shara met with President Emmanuel Macron of France at the Élysée Palace in Paris, in both a diplomatic boost and a key test for the Syrian president as he faces skepticism at…
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Wolfe Research says sticking with stocks that are coming off of strong earnings are best suited to ride out tariff headwinds. “Our sense is, while tariff uncertainty reigns supreme, these companies are likely to ‘ride out the storm’ with positive fundamental momentum,” Wolfe Research chief investment strategist Chris Senyek wrote in a Wednesday note. Stocks were higher on Wednesday as investors hoped that news of preliminary trade talks between the U.S. and China will result in a deal. Markets have been volatile since President Donald Trump’s “reciprocal” tariff announcement last month, which has some worried that the economy could be…
A traffic light is red outside the U.S. Internal Revenue Service building in Washington, D.C., on Feb. 20, 2025.Kent Nishimura | ReutersThe IRS has lost nearly one-third of tax auditors amid sweeping cuts from Elon Musk’s Department of Government Efficiency, a watchdog report found.As of March 2025, the agency’s workforce had fallen by more than 11,000 employees, or 11%, due to probationary terminations and the deferred resignation program, according to a May 2 report from the Treasury Inspector General for Tax Administration.The percentage of separated employees was significantly higher for certain departments — including so-called revenue agents, who conduct audits…
Retailer Target is under pressure on multiple fronts: it’s facing pushback after rolling back its diversity, equity and inclusion initiatives; it’s fighting off stiffer competition from nimble competitors like Amazon; and the company has higher exposure to a decline in consumer spending amid inflation and tariff volatility than rivals like Walmart and Costco.Target’s decision to scale back key DEI programs sparked nationwide boycotts and a decline in foot traffic for 11 straight weeks between January 27 and April 13, according to Placer.ai. Yet the company’s challenges go further than tariffs and politics. Experts say many of its issues are self-inflicted.…
Inside the Sistine Chapel, the cardinals are taking an oath following the instructions of Pope John Paul II, in a document governing papal conclaves that he issued in 1996.The most senior cardinal reads an oath in Latin and the 133 cardinals will read along, promising to follow the prescribed rules. They also pledge that whoever is chosen as the next pope will “commit himself faithfully” to carrying out the mission of St. Peter, the first pontiff, “and will not fail to affirm and defend strenuously the spiritual and temporal rights and the liberty of the Holy See.”The cardinals also vow…
Two major Wall Street shops singled out Arista Networks as a buy, even as shares pull back in the wake of earnings. The cloud computing company on Tuesday narrowly topped LSEG first-quarter revenue estimates, but managed a solid beat on the bottom line. Arista earned 65 cents per share, excluding items, on revenue of $2 billion. Analysts predicted it would earned 59 cents per share on $1.97 billion in revenue. Shares of Arista have tumbled 18% in 2025, and were down more than 7% on Wednesday. ANET 1Y mountain ANET 1Y chart Goldman Sachs and Bank of America both reiterated…
People take photos in front of a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today.Josh Edelson | AFP | Getty ImagesNuclear developer Elementl Power said Wednesday it’s signed an agreement with Google to develop three sites for advanced reactors. It’s the latest example of tech giants teaming up with the nuclear industry in an effort to meet the vast energy needs of data centers. Google will commit early-stage development capital to the three projects, although the exact terms of the deal remain private.…
CNBC’s Phil LeBeau reports on the latest news from the FAA. Source link
Russell Westbrook, #4 of the Denver Nuggets, dribbles the ball during the game against the Oklahoma City Thunder during Round 2, Game 1 of the 2025 NBA Playoffs at Paycom Center in Oklahoma City, Oklahoma, on May 5, 2025.Zach Beeker | National Basketball Association | Getty ImagesNational Basketball Association superstar Russell Westbrook is taking a shot off the court at simplifying funeral planning with artificial intelligence.The famed Denver Nuggets point guard on Wednesday announced the launch of Eazewell, a startup that uses AI technology to streamline the process for coordinating funerals. Westbrook founded the venture with former Charlotte Hornets star…
Guesses about who the next Roman Catholic pope will be often prove inaccurate. Before the selection of Pope Francis in 2013, many bookmakers had not even counted him among the front-runners.This time, predictions are further complicated, because Francis made many appointments in a relatively short period during his tenure, diversifying the College of Cardinals and making it harder to identify movements and factions within the group.Still, discussion of potential names began long ago behind the Vatican’s walls and beyond. As the cardinals began meeting in Rome after Pope Francis’ funeral, papal watchers scrutinized snippets of statements emerging from their discussions,…
