| By Derek Caney (@stax920)
North Korea fired what appeared to have been an intermediate range ballistic missile but it crashed seconds after the test launch, South Korea's defense ministry said, the second such failure this month. Licked by tech
 A 3D-printed Sanpang strawberry milk flavored ice-cream is seen at the Iceason ice-cream shop in Shanghai, China, April 27, 2016. Sanpang is a Chinese nickname for North Korean leader Kim Jong Un. REUTERS/Aly Song
Facebook's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. If elected president, Donald Trump said Europe and Asia would have to fend for themselves if they did not pay more for the U.S. defense umbrella. Quote of the day: "The countries we defend must pay for the cost of this defense. If not, the U.S. must be prepared to let these countries defend themselves. We have no choice." – Donald Trump
Around Wall Street - The Air Force awarded billionaire Elon Musk's SpaceX an $83 million contract to launch a GPS satellite, breaking the monopoly that Lockheed Martin and Boeing have held on military space launches for more than a decade. The satellite is slated to be launched in May 2018 from Florida. SpaceX also plans to send an unmanned spacecraft to Mars as early as 2018.
- U.S. economic growth likely stalled in the first quarter as domestic demand cooled and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product probably rose at a 0.7 percent annual rate after a 1.4 percent pace in the fourth quarter, according to a Reuters survey.
- Mitsubishi Motors said vehicles it sold in the United States from 2013 have accurate mileage readings, lowering the risk that its fuel economy cheating scandal in Japan may have a wider global impact. Shares rebounded 8 percent on the news.
Around the country - Ted Cruz named Carly Fiorina his vice presidential running mate. For a little perspective, Cruz has an 11 percent chance of winning the Republican nomination, according to betting markets. That's down from 15 percent yesterday. He's also down by 6 points in Indiana.
- Tennessee's Republican governor signed a law allowing mental health counselors to refuse service to patients on "sincerely held principles," the latest in a string of state measures criticized as discriminatory against the gay community.
- The chancellor of the University of California, Davis was placed on administrative leave over claims the school spent $175,000 to quash negative Internet posts after campus police pepper-sprayed student protesters in 2011.
Around the world - It's the 20th anniversary of the Port Arthur massacre, when lone gunman walked into the Broad Arrow Café in Tasmania and opened fire. By the time he was done his shooting spree, 35 people were dead and 23 were wounded. The shooting prompted the Australian government to buy back or confiscate a million firearms and make it harder to buy new ones.
Digit of the day: 0 That's how many mass shootings Australia has had since the strict gun control laws went into effect. Furthermore, the gun murder rate fell 72 percent to 0.15 per 100,000 people in 2014 from 0.54 per 100,000 people in 1996. The gun murder rate in the U.S.? 3.4 per 100,000. - Lebanese forces killed Islamic State leader Nayif al-Shaalaan in an army operation in the mountainous border region with Syria. He also goes by the name of Abu Fawz. This is a developing story, so keep an eye out for updates.
- Three Americans who endured a half decade as hostages of Marxist-led Colombian rebels moved closer to winning restitution through U.S. legislation making it easier for former captives to claim assets seized from drug traffickers.
Today's reason to live: Steve Earle – The Devil's Right Hand |
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