Stmicroelectronics Cuts Sales Outlook
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UK government cuts NatWest stake after suspending plans for retail share sale
Disposal of £1.24bn of shares via a buyback reduces state’s holding to under 23%Financial Times - Business - United Kingdom -
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 -
Apple Supplier STMicroelectronics to Build $5.4 Billion Chip Plant in Italy
STMicroelectronics is planning a new manufacturing plant in Italy for an investment of around $5.4 billion that will come with state support, as the chip maker jockeys for position in the semiconductor market’s recovery.The Wall Street Journal - World - Apple -
Gap Snaps Slump With Sales Gain
The company posted higher quarterly sales in an early sign that its new leader’s plan for turning around the beleaguered retailer is starting to pay off.The Wall Street Journal - Business -
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 -
Eurozone Inflation Rises as ECB Considers Rate-Cut Path
Eurozone inflation picked up in May as prices of services rose more rapidly, but that is unlikely to deter the European Central Bank from proceeding with a heavily signaled interest-rate cut next week.The Wall Street Journal - World -
Eurozone inflation rises as ECB considers rate-cut
Eurozone inflation picked up in May as prices of services rose more rapidly, but that is unlikely to deter the European Central Bank from proceeding with a heavily signaled interest-rate cut next week.MarketWatch - Business - Inflation -
Inflation data muddles ECB’s rate cutting trajectory
Also in this newsletter: Donald Trump found guilty on all counts in ‘hush money’ trial, Cyril Ramaphosa’s future in doubt, Japan’s $62bn support for yen provides little reprieveFinancial Times - World - Inflation -
Would Cutting Off Columbia Really Be So Bad?
Losing federal funding is just what the doctor ordered for such universities.The Wall Street Journal - World -
Meechai leads Women's Open; Korda misses cut
Wichanee Meechai matched the low score of the week at the U.S. Women's Open with a 3-under 67 for a two-shot lead going into a weekend that won't include Nelly Korda.ESPN - Sports - College Football -
Power for Sale: inside Europe’s Qatargate scandal
Our new podcast series investigates the fine line between influence and corruption in the European parliamentFinancial Times - Business -
The Fallout Board Game Is On Sale For A Great Price At Amazon
Prime Video's Fallout adaptation has led to a resurgence in popularity for the original video game series, but there's also another cool way to interact with the post-apocalyptic wasteland. Fantasy Flight Games' officially licensed Fallout board ...GameSpot - Tech -
Sony Days of Play Sale: Consoles, Games, and More
From games to consoles to accessories, Sony PlayStation gear is heavily discounted through June 12.Wired - Tech -
Bath beat Sale in thriller to reach Premiership final
Bath beat Sale 31-23 in an enthralling semi-final to set up a Premiership final against Northampton Saints.BBC News - Top stories -
Safety-net health clinics cut services and staff amid Medicaid unwinding
The health centers' lifeblood is revenue received from Medicaid, the state-federal subsidized health coverage for people with low incomes or disabilities.CBS News - Top stories -
Anglo American under fire over cost cuts at Yorkshire fertiliser mine
Politicians angry about measures that were unveiled as part of company’s strategy to fend off BHP’s £39bn takeover bidFinancial Times - Business -
Trump tax cut extensions keep getting more expensive: Analysis
Estimations for the cost of extending the Trump tax cuts have gone up every year, and it’s not exactly clear why, according to an analysis by the Committee for a Responsible Federal Budget (CRFB), a Washington think tank. Extending the expiring ...The Hill - Politics - Donald Trump -
Gas line cut 6 minutes before deadly explosion in Youngstown, Ohio: NTSB
The National Transportation Safety Board sent a team of pipeline and hazardous materials investigators to Youngstown, Ohio, to investigate the natural gas explosion.ABC News - Top stories -
Australian Pension Fund Cuts Equities Exposure, Favors Bonds
Bonds are starting to look more appealing than equities to Australian Retirement Trust, one of the country’s largest pension funds, which is betting that stocks’ ability to deliver surprising returns is fading.The Wall Street Journal - World -
‘Termination shock’: cut in ship pollution sparked global heating spurt
Sudden cut in pollution in 2020 meant less shade from sun and was ‘substantial’ factor in record surface temperatures in 2023, study finds. The slashing of pollution from shipping in 2020 led to a big “termination shock” that is estimated have ...The Guardian - World -
Cost of Trump tax cuts soars 50% amid ‘abuse’ of business loopholes
Extending the 2017 tax law that was the signature achievement of Donald Trump’s administration will cost 50% more than originally forecast, because wealthy taxpayers have found loopholes that significantly reduce their tax burdens.MarketWatch - Business - Donald Trump -
Oil prices book largest monthly loss of 2024 as traders await OPEC+ decision on production cuts
Oil futures end lower as traders await a weekend decision on production cuts by the Organization of the Petroleum Exporting Countries and its allies.MarketWatch - Business -
Inflation Upside Kicks ECB Summer Rate Cut Down the Road
Higher-than-expected eurozone inflation in May comprehensively kills off any hopes of a second European Central Bank interest-rate cut over the summer, Pantheon Macroeconomics economist says.The Wall Street Journal - World -
CNN, NBC and Other News Outlets Cut Away From Trump Speech
It was the latest example of journalists having to weigh the news value of a major political moment against the challenges of reporting on a candidate who regularly speaks in falsehoods.The New York Times - Business - Donald Trump -
Korda misses cut at US Open as Thompson bids farewell
Favourite Nelly Korda's US Women's Open is over after she fails to recover from a nightmare opening round.BBC News - Top stories - US Open -
Pending home sales in April slump to lowest level since the start of the pandemic
Pending home sales were down in every region of the country, but they fell hardest in the Midwest and West.CNBC - Business -
Saudi Arabia to sell $12bn worth of Saudi Aramco shares
Offering in world’s largest oil exporter to be set in range of SR26.7-SR29 as kingdom seeks fresh capitalFinancial Times - Business -
Hormel misses on sales as ‘whole-bird turkeys’ see significant weakness
Hormel Foods, the parent of food brands including Skippy, Spam, Dinty Moore and La Victoria, beat fiscal second-quarter earnings expectations and raised its full-year outlook as profit margins improved, but fell short on sales.MarketWatch - Business -
Best Buy’s stock surges as overall sales fall but laptop revenue rises
Best Buy pointed to a larger membership base and “improvements in our customer experiences.”MarketWatch - Business -
Pending home sales in April slump to lowest level since the start of the pandemic
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors.NBC News - Top stories -
Top 10 best home deals at the Nordstrom Half-Yearly sale
Save up to 60% on cooking tools, summer essentials and more at Nordstrom's semi-annual sale.CBS News - Top stories -
Saudi Aramco offers nearly $11.5 billion in new stock for sale
Aramco will offer 1.545 billion shares in a price range between 26.70 and 29 Saudi riyals per share on Sunday.CNBC - Business -
Autonomy’s Lynch plays down knowledge of alleged fraud ahead of HP sale
British tech entrepreneur quizzed by US prosecutors as trial enters final stagesFinancial Times - Business -
Nio shares jump in Hong Kong on potential record sales in May
NIO’s shares rose sharply in Hong Kong on expectations the Chinese electric-vehicle maker’s deliveries would likely hit a record high in May.MarketWatch - Business - Hong Kong -
Saudi Arabia to Kick off Aramco Stock Sale of Up to $12 Billion
Saudi Arabia confirmed it plans to sell a portion of its stake in oil giant Aramco valued at up to $12 billion.The Wall Street Journal - World -
The Drop in Sales at Kohl's Can Teach a Big Lesson About Branding
Having a strong business identity and target audience is key to resonating with your consumers.Inc. - Business -
Santander customers’ private data put up for sale for $2m by hackers
ShinyHunters stole information including bank and credit card numbers, as well as staff HR details. Hackers are attempting to sell confidential information including the bank and credit card numbers of millions of Santander customers to the ...The Guardian - World -
Final Fantasy 16 Is On Sale For Cheap At Amazon And Best Buy
PlayStation Days of Play 2024 Save on PlayStation 5 hardware and exclusive ...GameSpot - Tech -
Costco says gold buyers are helping drive up its online sales
The retailer's e-commerce sales jumped 20.7%, "led by gold and silver bullions, gift cards and appliances," continuing a run of strong demand for its precious metal products.NBC News - Top stories -
Everton faces uncertain future after proposed sale to investment firm 777 Partners falls through
Miami-based private investment firm 777 Partners has failed to conclude a deal for the purchase of EvertonABC News - Sports