American Airlines Beats Fourth Quarter Profit Expectations As Higher Fares Buoy Revenue
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UPS’ stock rises after profit extends long streak of beats as deliveries improve
UPS’s stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.MarketWatch - Business -
Renault's Group Revenue Beats Expectations
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.The Wall Street Journal - World -
Renault's Group Revenue Beats Expectations
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.The Wall Street Journal - Business -
Higher airfares expected as U.S. airlines project delivery of fewer planes
U.S. airlines are projected to receive 40% fewer planes this year, which could impact how much you pay. NBC News’ Marissa Parra has more on the challenges travelers could face during the summer travel season.NBC News - Top stories -
Philip Morris’s stock pulls back premarket as profit beats expectations but outlook misses
Philip Morris’ stock pulled back premarket Tuesday, after the seller of cigarettes and heated tobacco units beat first-quarter profit expectations but provided a downbeat second-quarter outlook.MarketWatch - Business -
Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well
Club names Morgan Stanley was No. 1 and Wells Fargo was No. 3, according to Jim Cramer's analysis.CNBC - Business -
Albertsons’ profit tops estimates and offsets revenue miss driven by lower fuel sales
Chief Executive Vivek Sankaran said the numbers came against a “difficult industry backdrop.”MarketWatch - Business -
JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.CNBC - Business -
Australian Treasurer Expects Smaller Revenue Upgrade in Budget
The Australian government expects to report a smaller revenue upgrade in its coming federal budget compared with previous years, as pressure mounts on global economies and inflation stays sticky.The Wall Street Journal - World -
Tesla shares rise as it plans to accelerate launch of ‘more affordable’ models
Elon Musk-led electric vehicle maker regains some ground despite reporting a fall in quarterly revenueFinancial Times - Business - Tesla -
American Airlines Is Once Again Changing How Fliers Can Earn Rewards
American Airlines will soon reward travelers for booking trips only when they do so through American itself or its preferred channels.The Wall Street Journal - World - Travel -
Hotter temperatures mean higher utility costs for millions of Americans
Over half of U.S. counties face potentially higher utility expenses as the mercury rises, a new analysis finds.CBS News - Top stories -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
UK grocery inflation falls to 30-month low
Grocery price growth eases to 3.2% in four weeks to mid-April as retailers focus on special offersFinancial Times - Business - United Kingdom -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - World -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Gucci-owner Kering expects first-half profit to shrink by up to 45%
French luxury group says its performance ‘worsened considerably’ in the first quarter amid Gucci resetFinancial Times - Business -
Gucci-owner Kering expects first-half profit to shrink by up to 45%
French luxury group says its performance ‘worsened considerably’ in the first quarter amid Gucci resetFinancial Times - Business -
PepsiCo’s profit beats estimates, but Quaker recalls weigh on earnings
The soft drink and salty snack giant beat Wall Street’s first-quarter profit and revenue estimates but said its Quaker Oats unit swung to a loss on product recalls.MarketWatch - Business -
Tesla's first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit marginsABC News - Tech -
NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
General Motors raises 2024 guidance after big first-quarter earnings beat
GM's North American operations, driven by truck sales, were largely responsible for the company's first-quarter beat and guidance raise, the automaker said.CNBC - Business -
Gucci Owner Kering Expects Sharp Drop in Operating Profit After China Weighs on Sales
Chairman and Chief Executive Francois-Henri Pinault said Kering’s performance “worsened considerably in the first quarter.”The Wall Street Journal - World - China -
Netflix's password-sharing crackdown is paying off as profits beat Wall Street's forecast
Netflix on Thursday released its first-quarter earnings, which topped analyst estimates in terms of subscriber additions and profit.Los Angeles Times - Entertainment - Netflix -
Fears Over Iran Buoy Netanyahu at Home. For Now.
Benjamin Netanyahu, the Israeli prime minister, lost considerable support after the Hamas-led Oct. 7 attacks on Israel. Tensions with Iran have helped him claw some of it back.The New York Times - World - Iran -
Hug & Debrunner win London Marathon wheelchair races
Switzerland's Marcel Hug and Catherine Debrunne surge to victory in the men's and women's wheelchair races at the London Marathon.BBC News - Top stories -
The bitcoin ‘halving’ is here. It limits the supply of new coins and is the fourth such event for the cryptocurrency
The bitcoin ‘halving’ is here. It limits the supply of new coins and is the fourth such event for the cryptocurrencyABC News - Tech - Crypto -
PepsiCo Sales Rise on Higher Prices
Volumes dropped 2% on an organic basis, largely driven by a slowdown in beverages, plus a subsidiary’s voluntary recall of certain granola bars and cereals.The Wall Street Journal - World -
Gold Prices Slip
Gold futures fell 0.2% on easing geopolitical tensions and investor caution ahead of U.S. economic data releases.The Wall Street Journal - World -
UK borrowing casts doubt on pre-election tax cuts
Government borrowing for the year was £6.6bn higher than expected, according to new figures.BBC News - Top stories - United Kingdom -
U.S. Natural Gas Futures Settle Higher
U.S. natural gas futures settled at a two-week high in a broad energy-market turnaround, backed by lower U.S. production and recovering LNG exports.The Wall Street Journal - World -
Tesla Reports Sharp Drop in First-Quarter Earnings
The EV maker’s profit fell 55% and revenue declined 9%, as pressure mounted on Elon Musk to better articulate his vision for the company.The Wall Street Journal - World - Tesla -
American Resolve Is Slipping
Neither Biden or Trump support such credible offensive measures as confronting Iran or Russia.The Wall Street Journal - World -
2024 RBC Heritage leaderboard: Scottie Scheffler stays scorching hot with fourth win in last five starts
The No. 1 player in the world took care of business at Harbour Town on the heels of his Masters winCBS Sports - Sports -
European Space Agency adds 5 new astronauts in only fourth class since 1978. Over 20,000 applied
The European Space Agency has added five new members to its astronaut corpsABC News - Tech -
Dollar Expected to Remain Strong
The dollar was weaker against major currencies and the WSJ Dollar Index was slightly lower.The Wall Street Journal - World -
Dollar Expected to Remain Strong
The dollar was weaker against major currencies and the WSJ Dollar Index was slightly lower.The Wall Street Journal - World -
How Suneera Madhani Puts Revenue First
The founder of Stax and Worth AI explains why her focus on revenue is her secret to success.Inc. - Business