Dow Jones Newswires Sony Profit Falls As Movie Business Earnings Weaken and Cuts Revenue Forecast
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Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehiclesABC News - Tech - Tesla -
Facing revenue headwinds, Air New Zealand cuts fiscal-year earnings guidance
Air New Zealand warned on profits on Monday as it grapples with revenue headwinds in its home market and in North America.MarketWatch - Business - New Zealand -
Albertsons’ profit tops estimates and offsets revenue miss driven by lower fuel sales
Chief Executive Vivek Sankaran said the numbers came against a “difficult industry backdrop.”MarketWatch - Business -
Tesla cuts prices in major markets as sales fall
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.BBC News - Top stories - Tesla -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Trump masks his rage as ‘hush money’ trial starts
With his freedom at risk, former US president scowls but sits silently at the start of testimony in his criminal trialFinancial Times - Business - Donald Trump -
UK business activity beats forecasts in April
Reading of 54 well above 52.6 predicted by economists, and fastest expansion since MayFinancial Times - Business - United Kingdom -
UK business activity beats forecasts in April
Reading of 54 well above 52.6 predicted by economists, and fastest expansion since MayFinancial Times - World - United Kingdom -
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The New York Times - Top stories -
Netflix's password-sharing crackdown is paying off as profits beat Wall Street's forecast
Netflix on Thursday released its first-quarter earnings, which topped analyst estimates in terms of subscriber additions and profit.Los Angeles Times - Entertainment - Netflix -
UPS’ stock rises after profit extends long streak of beats as deliveries improve
UPS’s stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.MarketWatch - Business -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - World -
PepsiCo’s profit beats estimates, but Quaker recalls weigh on earnings
The soft drink and salty snack giant beat Wall Street’s first-quarter profit and revenue estimates but said its Quaker Oats unit swung to a loss on product recalls.MarketWatch - Business -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - Business -
Bond auctions are a bigger deal than usual this week. The first went the way of the bulls
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
GE Aerospace’s stock leaps toward a 16-year high after earnings beat forecasts
Shares of GE Aerospace got a boost premarket Tuesday as quarterly profit and revenue — including results before the spinoff of GE Vernova was completed — rose above expectations.MarketWatch - Business -
Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.CNBC - Business - Tesla -
FTSE 100 closes at record high as sterling weakens
Gap between US and UK rate expectations drives investors to dollarFinancial Times - Business -
FTSE 100 closes at record high as sterling weakens
London stocks play catch-up with global peers as expectations for UK rate cuts buildFinancial Times - Business -
U.S. Stocks Rise As Tech Leads Rebound
Technology shares drove broad gains to kick off a busy week of earnings and economic data.The Wall Street Journal - World -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Electric cars switch out of fast lane
Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxisFinancial Times - World -
Sony in talks to team with Apollo to bid for Paramount
While the talks are preliminary, the two sides have been hashing out the contours of a deal that would have the Culver City-based Sony film and television studio take the lead in the partnership.Los Angeles Times - Entertainment -
Sony in Talks to Join a Bid to Buy Paramount
The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.The New York Times - Business -
A Sony Bid for Paramount Would Be a Win-Win
Any deal involving a takeover by the Japanese giant still faces thorny obstacles, antitrust regulators and boardroom drama among them.The Wall Street Journal - World -
Renault's Group Revenue Beats Expectations
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.The Wall Street Journal - World -
FTSE 100 hits record high; UK borrows £120bn last year, leaving ‘limited scope’ for pre-election tax cuts– business live
Rolling coverage of the latest economic and financial news, as FTSE 100 hits alltime high of 8071 points. Primark’s owner Associated British Foods is the top riser on the FTSE 100 this morning, up over 7%, helping to push the index to new ...The Guardian - World - United Kingdom -
Sony's over-the-counter hearing aids are up to $300 off
Save money on Sony's latest over-the-counter hearing aids.CBS News - Top stories -
The 51 Best Movies on Netflix This Week
From Spaceman to Suzume, here are our picks for the best streaming titles to feast your eyes on.Wired - Tech - Netflix -
Dow and Kildunne hat-tricks fire 14-try England to Six Nations rout of Ireland
England 88-10 IrelandJones and Breach also add two tries each in dominant winThere will come a day when England’s dominance in the Women’s Six Nations ends. Their run of consecutive wins in the tournament, standing at 28, will be broken. But ...The Guardian - World -
Renault's Group Revenue Beats Expectations
Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.The Wall Street Journal - Business -
UK borrowing casts doubt on pre-election tax cuts
Government borrowing for the year was £6.6bn higher than expected, according to new figures.BBC News - Top stories - United Kingdom