Berkshire Reports Strong Earnings and Formidable Cash Stockpile
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Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each
There will be less economic data in the week ahead, but we will get earnings from three portfolio names, including one of our two "own, don't trade" stocks.CNBC - Business -
The biggest earnings heavy hitter reports this week, and so do Target and other retailers
Blowout results for Nvidia Corp., the S&P 500 Index’s biggest profit driver, have become part of the ritual when the chip maker reports quarterly results.MarketWatch - Business -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
5 dead in 'exceptionally' strong storm in Houston
At least five people were killed when a powerful storm tore through Houston on Thursday night, officials said.ABC News - Top stories -
Cash Crunch May Force Sale of Stability AI
As tech giants start to dominate the artificial intelligence market, smaller players feel the squeeze.Inc. - Business -
How Rich Candidates Burned Cash on Running for Office
It is a time-honored tradition in U.S. politics: wealthy people burning through their fortunes to ultimately lose an election.The New York Times - Top stories -
Throwing cash in the air - Nigeria's wedding dilemma
Spraying money - flinging cash at the happy couple - is a highlight of many ceremonies but is illegal.BBC News - Top stories -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
How to Create a Strong Financial Plan When You’re Renting Forever
Either by choice or because they are priced out of the market, many people plan to never stop renting. Building wealth without home equity requires a different mind-set.The New York Times - Business -
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 -
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 - Business -
Your cash has an estimated lifespan: Will you need to replace it?
Spoiler alert: On average, our money doesn't last longer than 30 years.The Hill - Politics -
Indian Authorities Seize $1.1 Billion in Cash, Drugs In Election
Yahoo News - World -
The Morning Risk Report
U.S. blocks imports from 26 more Chinese companies over forced labor concerns, and the U.S. pitches deal to ease sanctions on Israeli businessman in a quest for metals. Also, Microsoft asks hundreds of China-based AI staff to consider relocating ...The Wall Street Journal - World -
‘We are very strong’: Georgia’s gen Z drives protests against return to past
Resolutely European young people brave violent repression to loudly reject ‘foreign agents’ law and alignment with Moscow. Mariska Iurevicz’s mother has been crying a lot recently. “She is always asking when I’ll be home”, the 22-year-old says. “I ...The Guardian - World -
Stewart helps New York top Indiana again 91-80 despite strong game from Caitlin Clark
Breanna Stewart scored 24 points to lead a balanced New York offense as the Liberty beat Caitlin Clark and the Indiana Fever 91-80 in front of a sellout crowdABC News - Sports - New York -
Taiwan's new president inherits a strong foreign policy position but political gridlock at home
He inherits a strong foreign policy position but political gridlock at home.ABC News - World -
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 - 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’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
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 -
easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business -
How much interest would a $10,000 6-month CD earn now?
You could earn a significant return on your money simply by depositing some of it into a six-month CD right now.CBS News - Top stories -
Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's
CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.CNBC - Business -
Newly released photos depict cash and gold bars seized from Sen. Bob Menendez's home
The pictures were entered as evidence by prosecutors, who accuse the high-profile New Jersey Democrat of accepting “hundreds of thousands of dollars” in bribes.NBC News - Top stories -
Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections
Yahoo News - World -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - 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 -
1 in 10 young college graduates is 'idled'—it could affect their earnings long-term
While the job market for recent college grads recovered quickly from the brief Covid-19 recession, the downturn could still spell trouble down the line.CNBC - Business -
Chef Salil Mehta introduces diners to Malaysian food after eatery earns Michelin star
Chef Salil Mehta New York City's resturant is first Malaysian restaurant to earn a Michelin star. His mission is to shine a spotlight on the flavors of the region.CBS News - Top stories -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
12:30 Report — Michael Cohen’s feisty testimony
{beacon} 12:30 REPORT Happy Thursday! Promise me one thing today — Keep reading for the adorable ESPN video of a little girl not knowing what to do with cotton candy. It is a confusing food. (I guess we can count that as a food?) Anyway, here’s ...The Hill - Politics -
Bodies left decomposing in hospitals, reports find
Leeds General Infirmary among NHS hospitals criticised for storing bodies at unsuitable temperatures.BBC News - Top stories -
5/16: The Daily Report with John Dickerson
John Dickerson reports on the status of a temporary pier designed to provide critical aid to Gaza, the sharp cross-examination of former President Donald Trump's ex-fixer Michael Cohen, and how used police firearms can wind up in the hands of ...CBS News - Top stories -
Social Security’s annual report is terrible news for seniors
The revised forecast doesn’t mean we can worry lessMarketWatch - Business -
New EY Report Forecasts 2024 Deals Rebound
Despite stubborn interest rates, mergers and acquisitions could rebound dramatically from the drop off that characterized last year.Inc. - Business