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The policies include a Swiss-style EU deal, lower electricity prices and reduced dependence on the USA group of Labour MPs is to propose a series of new policies to defeat rightwing populism, including a Swiss-style deal with the EU, lower electricity prices, a robust defence of climate policies and a reduced dependence on Washington.Among those contributing to a new collection of essays is the former cabinet minister Anneliese Dodds, who calls for a fundamental reappraisal of the UK-US relationship, saying alliances should be based on “a hardheaded assessment of which nations share our values and goals.” Continue reading...

• Amazon posted stronger-than-expected Q1 2026 earnings Wednesday, with net income reaching $8.3 billion and revenue climbing 18% year-over-year to $147 billion, driven by robust AWS cloud services demand. • AWS revenue grew 22% annually to $28.4 billion, outpacing analyst expectations and demonstrating the resilience of enterprise cloud spending despite macroeconomic uncertainties. • Management raised full-year 2026 revenue guidance to $625 billion, representing 14% growth, citing continued momentum in cloud computing and advertising as key tailwinds for sustained profitability.

• The US Labor Department reported that employers added 178,000 jobs in March 2026, significantly surpassing economists' expectations of 60,000 jobs polled by LSEG. • The unemployment rate declined to 4.3% from 4.4% in February, lower than the projected 4.4%, with January revised up to 160,000 jobs and February down to 133,000. • This rebound follows February's unexpected job losses and signals labor market resilience despite geopolitical tensions and economic uncertainty.

• Nike's stock tumbled 13.1% after the company reported better-than-expected quarterly profits but issued weak financial forecasts. • Investors reacted negatively to cautious guidance amid softening consumer demand and competitive pressures in apparel. • The drop underscores broader concerns in consumer discretionary stocks, impacting sector sentiment on Wall Street.

• The Pittsburgh Pirates defeated the Cincinnati Reds 8-3 in downtown Cincinnati, with Reds catcher Elly De La Cruz and Sal Stewart hitting back-to-back home runs in the 8th inning. • Brandon Williamson made his first Major League appearance in two years, struggling in his comeback from Tommy John surgery by giving up six runs including three homers in 4 2/3 innings. • Oneill Cruz homered twice for the Pirates in the victory.

• Nvidia posted first-quarter revenue of $28.3 billion, representing a 106% year-over-year increase and surpassing Wall Street consensus forecasts by 8%, driven primarily by sustained demand for AI data center GPUs. • The chipmaker's gross margin expanded to 72.1%, the highest level in five quarters, as production efficiency gains and favorable product mix offset supply chain costs. • Guidance for Q2 revenue of $32-34 billion exceeded analyst estimates, reinforcing investor confidence in the artificial intelligence infrastructure boom and supporting semiconductor sector valuations amid broader market volatility.