Berkshire Reports Strong Earnings
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Retailers like Gap and Foot Locker had a strong week. That doesn’t spell a consumer comeback
Gap profits were 9 times higher and Foot Locker beat estimates — unlikely winners in Q1 retail earnings. But, this says more about the companies than consumers.CNBC - Business -
It was a strong week for retail earnings. That doesn't spell a consumer comeback
Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors.NBC News - Top stories -
Cramer's week ahead: Labor report, plus GitLab and CrowdStrike earnings
CNBC's Jim Cramer on Friday told investors what to pay attention to next week on Wall Street.CNBC - Business -
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Hiring stays strong for low earners, Vanguard finds
Labor demand has been resilient for lower earners while waning for higher-paying jobs, according to a new analysis.CNBC - Business -
Telecom Italia Backs Outlook After Earnings Rise
Telecom Italia maintained its financial targets for the year after reporting higher first-quarter revenue and earnings.The Wall Street Journal - Business -
Dell earnings reveal sluggish enterprise AI adoption
AI is still incredibly complicated for the average customer. Processing, training, and deployment pipeline is a fragile Rube Goldberg machineVentureBeat - Tech -
Kohl's stock plummets more than 20% after massive earnings miss
Kohl's shares plummeted more than 20% Thursday after the company posted weaker-than-expected earnings.CNBC - Business -
PagerDuty earnings show stabilization in the face of software-sector pressures
PagerDuty says a renewed focus on enterprise customers has helped stabilize growth despite general pressures in the software industry.MarketWatch - Business -
Zscaler’s stock rockets as upbeat earnings offer relief to cybersecurity sector
After dropping about 5% in Thursday’s regular session during a software-sector rout, Zscaler’s stock surged 16% in the extended session.MarketWatch - Business -
Costco shares dip despite earnings beat. There's no cause for investor concern
We're raising our price target on Costco after the retail giant delivered another business-as-usual quarter.CNBC - Business -
Bruhat Soma’s Electric Tiebreaking Performance Earns Spelling Bee Championship
Bruhat Soma spelled a stunning 29 words correctly in a 90-second spell-off to claim victory in the Scripps National Spelling Bee.The New York Times - Top stories -
Gap is in ‘early innings of a turnaround’ after earnings beat, analyst says
Jefferies raises Gap’s target price to $28 a share from $17 a share, while the company’s stocks and bonds rally.MarketWatch - Business -
Cramer says to buy Costco after the stock's post-earnings dip
Cramer said he's confident about the big-box retailer's path to success, pointing to new CEO Ron Vachris and new finance chief Gary Millerchip.CNBC - Business -
Mahomes, Kelce Earned Combined $6M From NFLPA Last Year
The Kansas City Chiefs were the talk of the 2023 NFL season with Taylor Swift in the stands, and the team winning a second straight Super Bowl. The buzz and title were a boon to the bank accounts of the Chiefs’ two biggest stars. Patrick Mahomes ...Yahoo Sports - Sports -
Darke and Donovan to head Fox Euro 2024 coverage, Strong and Holden work Copa America
Ian Darke will pair with Landon Donovan as Fox’s lead broadcast team at this year’s European Championship, while John Strong and Stu Holden work the Copa AmericaABC News - Sports -
Darke and Donovan to head Fox Euro 2024 coverage, Strong and Holden work Copa America
Ian Darke will pair with Landon Donovan as Fox’s lead broadcast team at this year’s European Championship, while John Strong and Stu Holden work the Copa AmericaABC News - Entertainment -
Why Dell’s stock had its worst day since 2018 despite strong AI demand
Investors are “likely to get anxious relative to the cost of driving the strong revenue-growth trajectory,” according to JPMorgan.MarketWatch - Business -
Trevor Larnach homers to back up a strong start by Pablo López as Twins beat Astros 6-1
Pablo López pitched seven strong innings and Trevor Larnach hit a two-run homer to lead the Minnesota Twins to a 6-1 win over the Houston AstrosABC News - Sports - MLB -
Reynaldo López fans 8 in 6 strong innings and Jarred Kelenic hits 2-run double as Braves top A's 4-2
Reynaldo López set a season high with eight strikeouts, Jarred Kelenic hit a two-run double and the Atlanta Braves beat Oakland 4-2 to give the Athletics their third straight lossABC News - Sports - MLB -
Bird flu reported in another Michigan farmworker
A second case of H5 influenza, also known as bird flu or avian influenza, was detected in another Michigan farmworker, marking the second human case in Michigan, and the third in the country.CBS News - Top stories -
Report: Reeling Mets to cut Lopez after ejection
The Mets, who fell to 22-33 after Wednesday's loss, plan to designate Jorge Lopez for assignment after the reliever was ejected and threw his glove into the stands in the eighth inning, according to a report.ESPN - Sports - MLB -
5/30: The Daily Report with John Dickerson
John Dickerson reports on the historic guilty verdict of former President Trump and what it means for his political future.CBS News - Top stories -
S&P 500, Nasdaq RetreatAfter PCE Inflation Data
Stock indexes were mixed after the Fed’s preferred inflation gauge was roughly in line with economists’ expectations.The Wall Street Journal - World -
Child care costs are outpacing inflation: Report
KPMG's chief economist says Americans are downbeat over child care costs.ABC News - Top stories -
Reports: GM Weaver out amid Pistons shakeup
Troy Weaver is out as general manager of the Pistons, according to reports, after the team posted the league's worst record over the past two seasons.ESPN - Sports -
Grads with these 10 master's degrees have the highest average starting salaries—No. 1 earns over $100,000
Getting a master's degree can be a great way to dive deeper into your passion and advance your career. But these 10 programs earn grads the highest salaries.CNBC - Business -
Gap shares pop 20% as earnings beat on sales growth at all four brands
Gap has been in the midst of a turnaround under CEO Richard Dickson, who has focused on better marketing and storytelling for the company's portfolio of brands.CNBC - Business -
Nordstrom misses Wall Street's earnings expectations as off-price chain Rack lifts sales
The department store operator stuck by its full-year forecast despite the miss.CNBC - Business -
Dell earnings show fervent AI demand, but margin talk sends stock sliding
Shipments of AI servers more than doubled sequentially to $1.7 billion.MarketWatch - Business -
Here's the level to start buying Best Buy after its post-earnings surge
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
These companies are expected to be the fastest earnings growers in the cheap S&P 500 energy sector
Energy stocks as a group are cheaply priced to expected earnings, even though the sector has been the best performer in the S&P 500 over the past three years, by far.MarketWatch - Business -
Caitlin Clark and Indiana Fever earn first home win, 71-70 against Angel Reese and Chicago Sky
INDIANAPOLIS — NaLyssa Smith scored 18 points and Caitlin Clark had 11 points, eight rebounds and six assists Saturday as the Indiana Fever won their first home game of the season, 71-70, over the Chicago Sky.NBC News - Top stories -
Real Madrid beats Borussia Dortmund 2-0 in Champions League final, earning its 15th European Cup
In an explosion of gold and silver confetti, Real Madrid held aloft the Champions League trophy for a record-extending 15th time on Saturday.NBC News - Top stories - UEFA Champions League -
37% of Americans paid a late fee in the last 12 months, report finds
More than one-third of Americans have recently fallen behind on a bill, such as credit cards, utilities or rent, according to NerdWallet. Here's what to do.CNBC - Business -
Post Holdings Reports Bird Flu Among Third-Party Poultry Flocks
Post Holdings said there had been bird-flu outbreaks among two of its third-party contracted egg-laying flocks, as the disease continues to spread among dairy cows.The Wall Street Journal - Business -
Biden mocks reporter: ‘Did you fall on your head or something?’
President Biden responded to a shouted question about whether he would serve a second full term by questioning if the reporter who asked had fallen on his head. “Are you OK? Are you all right? You're not hurt, are you?” Biden said after landing in ...The Hill - Politics - Joe Biden -
12:30 Report — Political world on edge of seat over Trump verdict
{beacon} 12:30 REPORT It’s Thursday. Who else is enjoying this recess week?! Here’s what’s happening today: It’s Day 2 of Trump jury deliberations. *twiddles thumbs* The jury asked the judge to reread their instructions this morning. Supreme Court ...The Hill - Politics - Donald Trump -
US government, Moderna nearing deal for bird flu vaccine funding: reports
The U.S. government is reportedly close to finalizing a deal with Moderna to fund its bird flu mRNA vaccine trial as concerns remain surrounding the outbreak in poultry and cattle. The Financial Times reported Thursday that an agreement to fund ...The Hill - Politics -
Israeli journalist describes threats over reporting on spy chief and ICC
Haaretz journalist was warned of ‘consequences’ if he reported on attempts by Mossad chief to intimidate ex-prosecutor. An investigative reporter with Israel’s leading leftwing newspaper, Haaretz, has said unnamed senior security officials ...The Guardian - World - Israel