Earnings Results Starbucks Stock Falls As Results Weighed Down by China Sales Miss Estimates
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Home Depot’s sales fall short of estimates as spring selling season sees delayed start
Home Depot Inc.’s stock fell 0.2% early Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start.MarketWatch - Business -
Chad's opposition leader challenges the results of the presidential elections
Chad’s opposition leader says he has filed an appeal with the country’s constitutional council to challenge the preliminary results of the May 6 presidential electionABC News - World -
Ohtani, Yamamoto deliver mixed results in Oracle debuts as Dodgers
Dodgers stars Shohei Ohtani and Yoshinobu Yamamoto gave the Giants a glimpse of what could have been in Los Angeles' 6-4 win over San Francisco on Monday at Oracle Park.Yahoo Sports - Sports - MLB -
As Europe’s power shrinks, its fear is growing – and the result is huge mistakes | Nathalie Tocci
Scared of Ukraine losing and scared of Russia being beaten, of migrants, Gaza and Trump, the EU is making poor choices at home and abroad. Europe no longer wields the power it once did in world affairs, when there was a liberal international order ...The Guardian - World -
GOP Sen. JD Vance says he will accept results if the election is 'free and fair'
Potential vice presidential contender Sen. JD Vance said Sunday that he would "totally plan" to accept the 2024 presidential election results — if the election is "free and fair."NBC News - Politics -
‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
Cole Smead, CEO of Smead Capital Management, told CNBC that it was "frankly stupid" that day traders were piling once again into GameStop and other meme stocks.CNBC - Business -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
NFL's top 10 highest-paid QBs of 2024: Jared Goff No. 2 on list after deal; comparing records, playoff results
Are the best-compensated signal-callers really the best?CBS Sports - Sports - NFL -
Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.CNBC - Business -
Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Sony Group Profit Jumps on Stronger Game, Movie Earnings
The Japanese entertainment and electronics company reported a fourth-quarter net profit beat.The Wall Street Journal - World - Entertainment -
Inside the rise and fall of Ashley Madison: ‘People literally lost their lives’
A new Netflix docuseries explores how the site that enabled married people to have affairs devolved into chaos back in 2015. In theory, the internet promised, among other things, a solution to the age-old conundrum of finding a date. If you wanted ...The Guardian - World -
Dollar, U.S. Treasury Yields Could Fall if Inflation Eases
A weaker-than-expected U.S. inflation reading on Wednesday could drive the dollar and Treasury yields lower while supporting the euro, DHF Capital S.A. said.The Wall Street Journal - World -
Growth Stocks. Value Stocks. What Do Those Labels Mean?
Using index funds to make bets on these key categories is hazardous, our columnist says.The New York Times - Business -
4 things to know from the weekend in MLB: Braves, Padres earn statement wins, Rockies sweep defending champs
And with the Reds, Cardinals and Pirates tumbling, the NL Central is looking like a contest between the Cubs and BrewersYahoo Sports - Sports - MLB -
The hunt for the missing Greensill billions
How the fight to recover funds owed to Credit Suisse clients landed with coal baron Jim Justice and a small Virginia bankFinancial Times - Business -
Putin to visit China this week
Russian leader to meet Xi Jinping as Beijing throws economic lifeline to MoscowFinancial Times - Business - China -
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
Experts are taking a new look at a retirement-planning rule of thumb for how much retirees can safely withdraw from their portfolios.CNBC - Business -
Louisiana GOP officials ask Supreme Court to weigh in on congressional map
A divided three-judge panel ruled last month a recently adopted congressional map that includes two majority-Black districts is an unconstitutional racial gerrymander.CBS News - Politics -
Stock Futures Flat Ahead of PPI Inflation Data
Futures were near flat ahead of U.S. producer price index data while overseas markets were mostly subdued.The Wall Street Journal - World - Inflation -
Kraft Heinz Explores Sale of Oscar Mayer
The famed hot-dog business could fetch between $3 billion and $5 billion.The Wall Street Journal - Business - Oscars -
Suns hire Budenholzer, Nuggets take over & Knicks falling apart | Good Word with Goodwill
Vincent Goodwill is joined by Jake Fischer to recap the NBA Playoffs action from the weekend before talking with Krysten Peek about the 2024 NBA Draft.Yahoo Sports - Sports - NBA -
GameStop stock surges over 70%—but investors should still be wary of 'meme stocks'
Roaring Kitty returns to social media, GameStop's stock surges and short sellers lost over $1 billion. However, investors should be wary of chasing meme stocks.CNBC - Business -
Rheinmetall Misses Forecasts in Slow Quarter
Rheinmetall posted sales and earnings below expectations for the first quarter, but confirmed its annual guidance as governments continued to place orders for ammunition, air-defense systems and other military equipment.The Wall Street Journal - World -
Breaking down the charges against Sen. Bob Menendez
Gold bars, foreign entities and a new Mercedes-Benz are just some elements in the federal corruption trial of New Jersey Democratic Sen. Bob Menendez, which saw the start of jury selection on Monday. CBS News congressional correspondent Scott ...CBS News - Top stories -
System of a Down singer Serj Tankian's new book details band's up and downs, and what fuels his activism
Before releasing new memoir "Down With the System" on May 14, Tankian spoke about why he's optimistic about Armenia, and whether we might see another album from System of a Down.Los Angeles Times - Entertainment -
Forget U.S. stocks — UBS says Europe's are a better bet. Here's why
In a bold "U-turn," UBS says European stocks are now more attractive than their U.S. counterparts.CNBC - Business -
GameStop Soars as Roaring Kitty Rekindles Meme Stock Mania
Keith Gill, the trader who helped turn the video game retailer into a high-flying “meme stock,” posted cryptic messages online after a three-year hiatus.The New York Times - Business -
GameStop, AMC Shares Soar as Meme-Stock Comeback Continues
Two stocks at the heart of the pandemic-era trading craze, GameStop and AMC, looked set to extend Monday’s surge.The Wall Street Journal - World -
Unite against the right, urges EU far-left leader
Also in this newsletter: the warming ties between Greece and TurkeyFinancial Times - World - European Union -
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and moviesABC News - Entertainment -
Tencent profits surge on ad revenues as gaming sales struggle
Financial Times - Business -
Apple Says Destructive iPad Ad ‘Missed the Mark’
People in the creative world widely panned a commercial showing a giant hydraulic press squishing objects ranging from paint cans to a piano.The New York Times - Tech - Apple -
How Hard Will New Biden Tariffs Hit China?
The trade barriers serve a political agenda as well, with import taxes applied to EVs, solar panel, and medical supplies, among other goods.Inc. - Business - Joe Biden -
U.S. and China Talk AI Safety in Geneva Meeting
The initial meeting on the topic aims to reduce miscommunication as both countries see the hurtling acceleration of AI transform business, government, and military fields.Inc. - Business - China -
How China Got So Dominant in Cars and Solar
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere.The New York Times - Business - China