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ArcelorMittal Cautious Despite Earnings Beat
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Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - World -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - Business -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Baidu Posts Quarterly Beat, Helped by AI Pursuits
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - Business -
Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Kanté in France's Euro squad despite Saudi move
France coach Didier Deschamps included midfielder N'Golo Kanté in his preliminary list of players for the European Championship on Thursday and gave a first call-up to Paris Saint-Germain forward Bradley Barcola.ESPN - Sports -
IDF posting abuse footage despite pledge to act
Images shared online include Palestinian detainees draped in the Israeli flag and held in stress positions.BBC News - Top stories -
Jamie Dimon sees ‘happy talk’ driving markets as he maintains cautious view
JPMorgan Chase chief executive is sticking to his outlook that a soft landing for the economy is less likely than markets expect.MarketWatch - Business
More from The Wall Street Journal
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Prosus Taps iFood's Fabricio Bloisi as New Chief
Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.The Wall Street Journal - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.The Wall Street Journal - Business -
U.S. Attorney General Begins Formal Process to Reschedule Marijuana
The proposed rule would move the drug to a Schedule III classification, making it accessible with a medical prescription.The Wall Street Journal - Business -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - Business - Israel