Centrica Forecasts Near Eightfold Rise in Earnings after Energy Prices Soar
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Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building
LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.MarketWatch - Business -
Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.CNBC - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
China’s exports rise in April as Beijing prioritises high-tech manufacturing
Xi Jinping’s trade and industrial policy has drawn accusations of dumping from the US and EuropeFinancial Times - World - China -
Disease and hunger soar in Latin America after floods and drought, study finds
Climate chaos is threatening food production, trade and lives, says World Meteorological Organization. Hunger and disease are rising in Latin America after a year of record heat, floods and drought, a report by the World Meteorological ...The Guardian - World -
Oil prices end higher after dipping to eight-week lows as U.S. crude supplies fall
Oil futures settled higher on Wednesday, finding support after a brief dip to their lowest levels in about eight weeks, as U.S. government data showed an unexpected weekly decline in domestic crude inventories.MarketWatch - Business -
Man Is Charged After Hitting Pro-Palestinian Protester With His Car
Two pro-Palestinian demonstrators whom the driver, Reuven Kahane, was arguing with were also arrested and charged.The New York Times - Top stories -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Google employees question execs over 'decline in morale' after blowout earnings
At an all-hands meeting last week, Google executives responded to employee questions about declining morale even with financial performance improving.CNBC - Business - Google -
Robinhood climbs after reporting record earnings for first quarter
Shares of the brokerage firm rose after first-quarter results topped Wall Street expectations.CNBC - Business -
U.S. crude oil recovers losses after surprise stockpile decline
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.CNBC - Business