Business Update

The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business. Source link

Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve. Source link

The e-commerce giant is buying Globalstar, a satellite communications company, as it aims to expand its own satellite internet service to compete with Elon Musk’s Starlink. Source link

The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.” Source link

The Venetoulis Institute of Local Journalism, which operates The Baltimore Banner, has bought The Post-Gazette. The newspaper was set to shut down next month. Source link

Ricky Cobb has built a big online following with his irreverent postings about the absurdities of the 1970s. Source link

The conflict could also fuel another bout of inflation, according to the International Monetary Fund. Source link

The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors. Source link

The state, known for making cars, is spending millions to entice drone manufacturers that can bring new business to auto suppliers. Source link

Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy. Source link