Dow Jones Newswires Ing Proposes Dividend As $12 Billion Profit Beats Forecasts
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Citigroup profits beat forecasts as bank sheds thousands of jobs
Fourth-largest US lender reports quarterly net income of $3.4bnFinancial Times - Business -
Uniqlo Owner Raises Profit Forecast
Fast Retailing reported profit growth for the fiscal first half, driven by higher sales in the U.S. and Europe, a sign of success in its strategy of global expansion.The Wall Street Journal - World -
Adidas Raises Annual Profit Forecast
Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter.The Wall Street Journal - World -
Adidas Raises Annual Profit Forecast
Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter.The Wall Street Journal - Business -
Tesco forecasts rising profits as inflation ‘lessens substantially’
UK grocer reports higher earnings and announces £1bn share buybackFinancial Times - Business -
M&C Saatchi expects 2024 profit to meet forecasts
The advertising industry has been grappling with significant cutbacks by tech clients on marketing, while new business wins have been at a slower pace amid cautious customer spending in an uncertain economic environment. Saatchi, which named ...Yahoo Sports - Sports -
United Airlines rallies on profit forecast. But it’s adapting to the ‘reality’ of Boeing’s difficulties.
Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline forecast a second-quarter profit that was above expectations, helped by strong demand and a rebound in business travel.MarketWatch - Business -
Goldman traders help fuel 28% profit increase
Wall Street bank surpasses estimates by almost $1bn as investment banking and trading arms report strong resultsFinancial Times - Business -
CSX says Baltimore port closures will cost it up to $30 million in monthly sales following bridge collapse
CSX shares were up in extended trading Wednesday after the railroad operator reported better-than-expected first-quarter profits.MarketWatch - Business -
Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case
Truong My Lan received the death penalty as Vietnam’s Communist Party cracks down on corruption in the fast-growing Southeast Asian economic hub.The New York Times - Business -
Peru’s Economy Grows in February and Beats Almost All Forecasts
Yahoo News - World -
FirstFT: House to vote on Ukraine aid
Also in today’s newsletter, China’s GDP jumps and western allies urge Israeli restraintFinancial Times - World - Ukraine -
FirstFT: Biden to call for higher tariffs on Chinese steel imports
Also in today’s newsletter, Trump’s shrunken campaign base and Ukraine’s lessons for IsraelFinancial Times - World - Joe Biden -
Johnson & Johnson’s stock falls as profit beats but sales fall slightly short of estimates
Johnson & Johnson’s stock was on pace for its lowest close since late 2020 on Tuesday, after the healthcare company posted better-than-expected profit for the first quarter but sales that fell slightly short of expectations.MarketWatch - Business -
UnitedHealth swings to a loss but stock surges after adjusted profit beats views
Shares of UnitedHealth surged Tuesday after the health insurer swung to a large first-quarter loss but reported adjusted profit that beat expectations.MarketWatch - Business -
Notable & Quotable: O.D.'ing on O.J.
‘We now live in a time when . . . a person with a name known in every living room may suddenly streak into our lives, a fugitive chased by TV helicopters.’The Wall Street Journal - World -
US proposes debt to fund Ukraine using profits from frozen Russian assets
Hope that Washington’s idea could generate tens of billions in cash for KyivFinancial Times - Business - Ukraine -
Shares of U.K.’s biggest grocer jump 6% on profit boost and £1 billion buyback
The FTSE 100 company, which has a 27.3% share of the U.K. grocery market, recorded a 7.2% increase in sales to $61.5 billion for the year to February.MarketWatch - Business -
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
Norway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($110 billion).CNBC - Business -
Cash savers still have an opportunity to beat inflation amid cloudy forecast for interest rate cuts
When the Federal Reserve may cut rates and by how much is still uncertain. But cash savers have the best opportunity for returns than they've had in years.CNBC - Business -
Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100 tumbling – business live
IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points. Try the Be the Chancellor toolUK unemployment rate leaps to 4.2% amid fears of job cutsThe Resolution Foundation have dug into today’s UK jobs ...The Guardian - World -
Marte hits tying homer in 9th, Grichuk has winning double in 10th, D-backs beat Cubs 12-11
Ketel Marte hit a tying solo homer with two outs in the ninth, and Randal Grichuk won it with a pinch-hit RBI double in the 10th, lifting the Arizona Diamondbacks to a wild 12-11 victory over the Chicago CubsABC News - Sports - MLB -
Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall
ASML on Wednesday said first quarter profit beat expectations while sales missed forecasts, with the compant sticking to its full-year outlook.CNBC - Business -
TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.CNBC - Business -
Ryan Feltner gets 1st win of season, Rockies use season-high 20 hits to beat Blue Jays 12-4
Ryan Feltner pitched five innings for his first win of the season and the Colorado Rockies had 20 hits in a 12-4 rout of the Toronto Blue Jays on Friday nightABC News - Sports - MLB -
Dow Advances as Markets Stabilize
U.S. stocks edged higher, with the Dow industrials leading gains, as investors cheered earnings from Morgan Stanley and UnitedHealth and digested comments from Fed Chair Jerome Powell.The Wall Street Journal - World -
Stocks Turn Lower in Afternoon; Housing Market in Focus
Stocks are edging lower, driven by chip shares.The Wall Street Journal - World -
Rising Oil Price Could Make Central Banks Cautious With Rate Cuts
A rising oil price could halt or even reverse the recent trend of falling inflation, potentially leaving central banks cautious about cutting interest rates, DZ Bank said.The Wall Street Journal - World -
Stocks Fall; Gold Hits Another Record
Investors are awaiting consumer-price-index data, which will show whether a bounceback in price pressures at the start of 2024 continued in March.The Wall Street Journal - World -
Home Bargains owners net £36mn dividend
Billionaire Morris family payout follows rising sales and profits during cost of living crisisFinancial Times - World -
Will There Be Another Earthquake? Here’s the Forecast for Aftershocks.
So far, seismologists have not identified any distinguishing characteristics of a given quake that would warn of an impending larger one.The New York Times - Science -
'Serious deficiencies' in Bank's economy forecasts
Under-investment had led to a "complicated and unwieldy system" being used, a review has found.BBC News - Top stories -
UK growth forecast downgraded by IMF
GDP expected to increase by just 0.5% this year, the second-slowest rate in G7 after GermanyFinancial Times - Business - United Kingdom -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
Dow Falls, Logs Worst Week Since March 2023
The S&P 500 fell 1.5% as investors digested earnings from financial companies including JPMorgan and BlackRock.The Wall Street Journal - World -
Apple’s stock was the Dow’s biggest winner this week — for the first time since November
Apple Inc.’s weekly stock gain wasn’t too much to write home about in the absolute, but it was good enough to be the largest in the Dow Jones Industrial Average.MarketWatch - Business -
Women's Six Nations: 14-player England score eight tries v Scotland - reaction
Watch live coverage and follow text updates as Scotland take on defending champions England at Hive Stadium in Edinburgh.BBC News - Top stories -
Bunzl's (LON:BNZL) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Bunzl plc ( LON:BNZL ) has announced that it will be paying its dividend of £0.501 on the 2nd of July, an...Yahoo Sports - Sports -
AstraZeneca shareholders approve CEO Soriot’s £18.7mn pay despite revolt
Almost 36 per cent of shareholders voted against a £1.8mn rise for the pharma group’s bossFinancial Times - Business