What to watch for today
Yahoo faces its impatient investors. The embattled web giant reports its first quarter earnings. But all the attention will be on the bids that were due on Monday for its various assets, including stakes in Alibaba and Yahoo Japan.
Another round of Apple vs. the US government. Bruce Sewell, Apple’s general counsel, will testify before a House subcommittee alongside a top official from the FBI. The Feds are still trying to force the company to give law enforcement access to iPhones and other encrypted devices.
Deals between China and New Zealand. Kiwi prime minister John Keys is in China this week, along with a large business delegation, to broaden ties between the two nations. They’ve already agreed to upgrade and expand a free trade arrangement, and had a chat with Alibaba founder Jack Ma. Next up, a meeting with Chinese president Xi Jinping.
While you were sleeping
British lawmakers warned leaving the EU would threaten the UK’s environment. Air and water quality, biodiversity, and the countryside would be at risk, a committee of MPs said in a new report, as the UK has benefited from an EU-wide environmental cleanup in the past four decades.
The Nigerian army repelled an attack by Boko Haram. The terrorist group struck troops as they headed to Damasak, a town near the Niger border they’re trying to reclaim from the militants. With help from the Nigerian air force, the soldiers beat back the attackers and suffered only injuries.
Nordstrom slashed jobs in the face of slow retail traffic. The Seattle-based retailer will cut 350 to 400 jobs in an attempt to become more efficient, and will focus more on its online efforts. The company is trying to rein in expenses as mall traffic slows and shoppers increasingly seek to buy clothing online.
A fan filed a class action suit against Kanye West and Tidal. The rapper and streaming music service are accused of duping listeners about West’s album being exclusively available on Tidal. The album is now streaming on Spotify and Apple Music as well.
Quartz markets haiku
No weekend bargain
Russians, Saudis and Iran
plan to keep pumping
Quartz obsession interlude
Hanna Kozlowska on the kids of incarcerated parents. “As the problem of over-incarcerating adults is gaining attention, the despair of their children remains. When it comes to national scale and severity of impact on a child’s life… the only period in US history comparable to our current era of mass incarceration is the Great Depression.” Read more here.
Matters of debate
Adulthood has nothing to do with age. Denied a chance at financial independence, 20-somethings are trapped in extended adolescence.
Hollywood equates superpowers with whiteness. Two new films have erased compelling Asian characters.
Should social media prevent a Trump presidency? Facebook has the power to tilt an election.
Piracy on the high seas is declining. As a result, maritime security firms are going out of business.
Dolphins are helping the search for alien life. Studying their clicks and whistles could help us connect with extraterrestrials.
South Korean men are really into cosmetics. They make up 20% of the male cosmetics market worldwide.
Bottled water is overtaking soda. After years of slurping liquid sugar, Americans are opting for overpriced H20 instead.
Dinosaurs were going extinct long before that asteroid hit. For at least 40 million years, the number of species was slowly declining.
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