USA – Page 9919 – Prologue Journal

Republicans respond after IRS whistleblower says Hunter Biden investigation is being mishandled

Fox News Lawmakers on Capitol Hill are calling for the Biden administration to be held accountable for “blocking” Congress and the public from learning more about Biden family members’ business deals with China. The congressional outcries come as a whistleblower within the Internal Revenue Service alleges an investigation into Hunter Biden is being mishandled by…

Rentokil Backs Guidance After Strong Start to Year

Wall Street Journal Rentokil Initial reiterated its full year expectations after first quarter revenue rose to £1.2 billion, supported by M&A and resilient demand and pricing which offset inflationary pressures. https://www.wsj.com/articles/rentokil-backs-2023-views-after-1q-revenue-increased-on-m-a-demand-and-pricing-d28cc75

Investors Move on From Banking Crisis, Focus Again on Inflation

Wall Street Journal German government bonds suffered total return losses of more than 1% since the beginning of April, measured by the iBoxx EUR Sovereigns Index, DZ Bank said. https://www.wsj.com/articles/investors-move-on-from-banking-crisis-focus-again-on-inflation-deacc965

Volvo Posts Record Deliveries, Lifts Market Outlooks

Wall Street Journal Volvo deliveries rose 11% in the first quarter as supply-chain disruptions eased, while order intake increased 32%, as the truck maker upgraded its market forecasts for Europe and North America. https://www.wsj.com/articles/volvo-truck-orders-and-deliveries-rise-as-european-supply-chain-disruptions-ease-b73ab486

TSMC First-Quarter Net Profit Rose on Revenue Growth

Wall Street Journal Taiwan Semiconductor Manufacturing Co. said first-quarter net profit rose 2.1% from a year earlier, thanks partly to revenue growth. https://www.wsj.com/articles/tsmc-first-quarter-net-profit-rose-on-revenue-growth-30451064

AI pause cedes power to China, harms development of ‘democratic’ AI, experts warn Senate

Fox News Halting the development of artificial intelligence in America would only give more power to China to develop its own AI technology that favors its communist political system and increase the chances that China’s AI system becomes the global standard, technology experts warned senators this week. A subcommittee of the Senate Armed Services Committee…

Nokia Profit Falls Short But Confirms Outlook

Wall Street Journal Nokia reported a first-quarter net profit of €332 million, missing forecasts, but backed its full-year guidance despite seeing some early signs of the economic environment impacting customer spending. https://www.wsj.com/articles/nokia-1q-net-profit-missed-forecasts-sees-rebound-in-2h-6b02b728

At Least 2 Dead as Tornado Hits Oklahoma

New York Times The deaths were reported in the area of Cole, a town of about 600 people south of Oklahoma City, the police said. https://www.nytimes.com/2023/04/20/us/tornado-deaths-cole-oklahoma.html

States advance bills protecting girls’ sports as Biden says no at federal level

Fox News States across the country are taking the lead in keeping biological males out of girls’ sports with a flurry of recent legislation while President Biden’s White House at the federal level slams such measures as “discrimination” against transgender students. North Carolina on Tuesday took a step closer to joining a growing number of…

Glynn’s Take: RBA’s Revamp Raises Risk of Miscommunication

Wall Street Journal Reserve Bank of Australia’s most extensive reforms in 30 years could mean more accountability for the RBA but there are risks to how well it communicates. https://www.wsj.com/articles/glynns-take-australia-abandons-rba-board-structure-but-raises-risk-of-miscommunication-df6ea352