Apple Posts First Revenue Fall in Three and A Half Years
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Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.
Prada reported an increase in revenue for the first three months of the year, despite what the luxury brand called a more challenging market environment.The Wall Street Journal - World -
LG Electronics Posts Profit Turnaround on Steady Revenue Growth
The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global demand for consumer electronics this year.The Wall Street Journal - World -
Peacock Adds 3 Million Paid Subscribers as Comcast Posts Revenue Bump
The airing of an NFL Wild Card playoff game aided subscriber growth last quarter, and net profit increased 0.6% to nearly $3.9 billion. Both beat expectations.The Wall Street Journal - World -
LG Electronics Posts Profit Turnaround on Steady Revenue Growth
The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global demand for consumer electronics this year.The Wall Street Journal - Business -
Southwest Airlines considers ending open seating as loss widens, revenue falls short
Southwest Airlines Co.’s stock tumbled 9% Thursday after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates.MarketWatch - Business - Travel -
Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.CNBC - Business -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
German MPs break taboo by backing first post-unification Veterans’ Day
Annual event in June is designed to make service in volunteer army more attractive amid looming threats. The German parliament has passed a bill creating the first post-unification Veterans’ Day, breaking with a long-held taboo around veneration ...The Guardian - World - Germany -
Alphabet set to surge past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Binance Founder Should Get Three Years in Prison, Prosecutors Say
Defense lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.The New York Times - Tech -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
Oregon spring game will provide first look at Ducks team chasing history in Year 1 as Big Ten member
Oregon has one of the most talented rosters in the country but need to improve at the marginsCBS Sports - Sports -
How This 26-Year-Old First-Time Founder Raised $55 Million for Her AI Startup
Demi Guo dropped out of Stanford's prestigious AI program and is now running one of AI's hottest startups.Inc. - Business -
Clash of Clans Maker's First New Game In Five Years, Squad Busters, Launches Soon
The next joint of developer Supercell, best known for Clash of Clans, is releasing soon. Squad Busters, the first global game launch of the studio in over five years, will launch on May 29 for iOS and Android devices.. At the time of publication, ...GameSpot - Tech -
2024 NFL Mock Draft: Vikings get QB, Pats move down; Panthers trade into first round for falling Brock Bowers
It's draft day and here's what i think teams should doCBS Sports - Sports - NFL -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World -
China Orders Apple to Remove Popular Messaging Apps
WhatsApp, Signal and Telegram among apps cut from iPhone app store to comply with censorship demand.The Wall Street Journal - Tech - China -
Apple accused by Congo over conflict minerals in iPhones
Lawyers representing DRC allege Apple’s products contain illegally exported minerals, despite tech company’s claims of environmental and social responsibilityFinancial Times - Business - Apple -
Apple accused by Congo over conflict minerals in iPhones
Lawyers representing DRC allege Apple’s products contain illegally exported minerals, despite tech company’s claims of environmental and social responsibilityFinancial Times - World - Apple -
Survey finds that 60 firms are responsible for half of world’s plastic pollution
Study confirms Philip Morris International, Danone, Nestlé, PepsiCo and Coca-Cola are worst offenders. Fewer than 60 multinationals are responsible for more than half of the world’s plastic pollution, with five responsible for a quarter of that, ...The Guardian - World -
Israel’s Claim of Killing ‘Half’ of Hezbollah Commanders in Lebanon Draws Skepticism
The assertion is just “psychological warfare,” says one Lebanese expert on the militant group.The New York Times - World - Israel -
Apple Just Announced Free Small-Business Training Sessions
Entrepreneurs can visit Apple Stores to learn things like how to optimize online business listings and how to accept payments from iPhones.Inc. - Business - Apple -
Gucci Made an App for Apple Vision Pro, and It’s the Best I’ve Seen Yet
Not everyone needs a Vision Pro, but we'd all benefit from more creative storytelling like this.Inc. - Business - Apple -
Can China’s tech giants succeed where Apple failed?
Yahoo News - World - Apple -
Congo questions Apple over knowledge of conflict minerals in its supply chain
Congo’s government is questioning Apple about the tech company’s knowledge of “blood minerals” from a conflict zone in the African country that could be smuggled into supply chainsABC News - Tech - Apple -
DR Congo presses Apple over minerals supply chain, lawyers say
Yahoo News - World - Apple -
Apple Says It Was Ordered to Pull WhatsApp From China App Store
Apple said it removed WhatsApp and Threads from its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and China.The New York Times - Tech - Apple -
WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.The Wall Street Journal - World -
WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.The Wall Street Journal - Business -
New book chronicles half-century of Asian American life, through the lens of one photographer
When Corky Lee was a high school junior in New York City in the 1960s, he wondered why Asian Americans were missing from history class narratives about who had built America and who could be considered American.NBC News - Top stories -
Deutsche Bank expects fewer U.S. commercial real estate provisions in second half
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.MarketWatch - Business -
You need at least $1 million to retire comfortably in these 10 U.S. states—half are in the Northeast
While not everyone hopes to retire as a millionaire, you may need to be one to retire comfortably in these U.S. states, per GOBankingRates.CNBC - Business -
Half of U.S. households can only afford a $400 car payment. Their options — new or used — are scarce.
The large number of buyers seeking a low-cost, entry-level vehicle are underserved in today’s market.MarketWatch - Business -
Jamie Dimon thinks the odds of a ‘soft landing’ are about half of what Wall Street expects
The JPMorgan Chase CEO’s Wall Street Journal interview covered a range of topics — from his morning routine to his views on the Fed.MarketWatch - Business -
Team Biden Is Posting Through the Looming TikTok Ban
President Joe Biden may have signed the TikTok ban bill into law, but his campaign is still active on the Chinese-owned app.Wired - Tech - Joe Biden -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World