Earnings Outlook Mcdonald S Earnings Haven T Been Hit by Higher Prices As It Just Seems Like Americans Are More Upset by the Change in Price at Grocery Stores
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Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.The Wall Street Journal - World -
BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.The Wall Street Journal - Business -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales
The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.CNBC - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - Business -
More dairy cows to be tested for bird flu after findings in grocery store milk
To stop the virus from spreading, dairy cows will be tested for bird flu more closely. This comes after the FDA reported finding fragments of the bird flu virus in pasteurized grocery store milk. Regulators say there is little risk to humans.CBS News - Top stories -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - World -
Ford's earnings beat, rosy 2024 outlook, and cost discipline show the automaker is getting its house in order
Ford’s results show it is off to a solid start to the year.CNBC - Business -
Comcast beats earnings estimates even as it sheds more broadband subscribers
Comcast beat first-quarter earnings expectations on Thursday.CNBC - Business -
How China’s Nuctech earned EU funds before being hit by EU raids
Also in this newsletter: Waiting for Emmanuel Macron’s words of wisdomFinancial Times - World - European Union -
AstraZeneca Earnings, Sales Beat Views
AstraZeneca reiterated its full-year guidance after posting first-quarter core earnings and sales above forecasts.The Wall Street Journal - World -
AstraZeneca Earnings, Sales Beat Views
AstraZeneca reiterated its full-year guidance after posting first-quarter core earnings and sales above forecasts.The Wall Street Journal - Business -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
BYD Seal 2024 Review: Prices, Specs, Availability
A world-class sedan for the people, from China’s biggest name in EVs. It’s here to best Elon’s offering, and it may well be the car to do it.Wired - Tech -
Stocks Fall After GDP, Inflation Data
Stocks fell sharply after data showed the U.S. economy slowed in the first quarter. Nasdaq posted the biggest losses as Meta dragged down the wider tech sector.The Wall Street Journal - World -
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market’s recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.The Wall Street Journal - World -
Protesters Are Demanding Colleges Divest From Israel. Here's Why That's Not Happening.
Endowment chiefs say divesting would set a questionable precedent, prove challenging and raise fiduciary questions.The Wall Street Journal - World - Israel -
Basic Materials Roundup: Market Talk
Air Liquide, Hochschild Mining and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Southwest to Exit Four Airports as Boeing's Problems Ripple Through Industry
Its adjusted quarterly loss was worse than expected despite record operating revenue fueled by strong travel demand.The Wall Street Journal - World -
Auto & Transport Roundup: Market Talk
Jet2, Volvo Car and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Mitch McConnell Wants Military Buildup After Big Win on Ukraine Aid
The Senate minority leader is pushing to boost military spending to confront China, Iran, Russia as he prepares to leave his post.The Wall Street Journal - World - Ukraine -
Energy Department Gets Power Over Big Grid Projects
In a bid to fast track grid-infrastructure construction, the department is set to become the lead federal agency coordinating environmental approval of major transmission projects.The Wall Street Journal - World -
Sainsbury's: Almost everyone now shops in store
Nearly 90% of business now comes from its stores, the retailer says, as it reports a rise in food sales.BBC News - Top stories -
Hyundai Motor's Earnings Fell on Sluggish Car Demand
South Korea’s biggest automaker said net profit for the quarter ended March fell 1.3% and warned of intense competition and rising marketing costs.The Wall Street Journal - World -
Hyundai Motor's Earnings Fell on Sluggish Car Demand
South Korea’s biggest automaker said net profit for the quarter ended March fell 1.3% and warned of intense competition and rising marketing costs.The Wall Street Journal - Business -
Comcast earnings beat expectations as Peacock losses narrow
Comcast scored a profit beat for the latest quarter, and that seemed to be overshadowing another drop in broadband subscribers.MarketWatch - Business -
Why Microsoft’s earnings are all about ‘surviving and advancing’
Big AI gains could be ahead for Microsoft, but Thursday afternoon’s earnings may illustrate a more gradual ramp.MarketWatch - Business -
This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
Success didn't come easy for Pang Gek Teng, the 35-year-old founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand in Singapore.CNBC - Business -
It’s not just Biden versus Trump, but registered versus likely voters
Biden has historically struggled here, while Trump has overperformed.The Hill - Politics - Joe Biden -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia -
Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Senate launches investigation into high prices of Ozempic and Wegovy in the U.S.
Before insurance, Novo Nordisk charges about $1,000 per month for Ozempic in the United States. In Germany, the company charges $59 per month for the same drug.CNBC - Business -
Biden campaign will continue to use TikTok despite divest-or-ban law
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger votersFinancial Times - Business - Joe Biden -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Bird flu outbreak is driving up egg prices — again
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.CBS News - Top stories -
Rubrik prices IPO at $32 per share, above the expected range
Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.CNBC - Business