HSBC first-quarter pre-tax profit misses estimates on wider-than-expected credit losses

Europe’s largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts’ estimates on the back of larger-than-expected credit losses and other impairment charges. HSBC’s revenue gained 6%, year on year, exceeding estimates. Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank. Pre-tax profit: $9.4 billion vs. $9.59 billion…

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Scientists just created exotic new forms of matter that shouldn’t exist

Quantum technology is widely expected to transform how large and complex data sets are processed. Although it is currently used mostly in laboratories and research environments, the field is steadily moving toward real-world applications across a range of industries. In a recent study exploring the fundamentals of quantum physics, researchers examined how matter behaves at…

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Your team needs a supportive manager, not yoga and meditation

Companies keep adding wellness perks while ignoring the real driver of burnout: ineffective management. You might remember ZenBooths—Amazon’s contribution to corporate well-being. These were booths installed in the middle of warehouses, equipped with a fan, a potted plant, and a monitor playing meditation videos. The company called them mindful practice rooms. Employees called them despair…

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