Earnings Results Wolfspeed Whiffs on Sales and Forecast and Its Stock Is Falling
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Hennes & Mauritz posted forecast-beating earnings as well-received spring collections pushed the fashion retailer's sales higher in February.
Hennes & Mauritz posted forecast-beating earnings as well-received spring collections pushed the fashion retailer’s sales higher in February.The Wall Street Journal - World -
AMC shares fall 13% as movie theater chain announces stock sale
Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”MarketWatch - Business -
McCormick Logs Higher 1Q Sales, Earnings
The spices and flavorings company recorded higher sales and earnings in its fiscal first quarter as costs came down and higher prices offset a downtick in volumes.The Wall Street Journal - World -
McCormick Logs Higher 1Q Sales, Earnings
The spices and flavorings company recorded higher sales and earnings in its fiscal first quarter as costs came down and higher prices offset a downtick in volumes.The Wall Street Journal - Business -
Minnesota Timberwolves Sale Falls Apart
A group led by entrepreneur Marc Lore and retired ballplayer Alex Rodriguez had been in line to buy the NBA franchise. Now the deal has collapsed.The Wall Street Journal - World -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
B&Q owner Kingfisher forecasts profits to fall this year
London-listed group strikes cautious note on DIY marketFinancial Times - Business -
How Thames Water can avoid nationalisation
Without fresh equity the UK utility would have to slash costs and investment and focus squarely on cash preservationFinancial Times - Business -
Walgreens Boots Alliance Posts Higher 2Q Sales, Narrows Earnings Guidance
The pharmacy chain posted adjusted earnings of $1.20 a share, compared with analysts’ expectations of 82 cents a share.The Wall Street Journal - World -
Novocure’s stock surges after positive results in brain-cancer trial
Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.MarketWatch - Business -
Minnesota Timberwolves sale to Alex Rodriguez and Marc Lore falls apart
Alex Rodriguez and Marc Lore planned to acquire a majority stake in the NBA's Minnesota Timberwolves and the WNBA's Lynx.CNBC - Business -
Timberwolves sale falls apart: Alex Rodriguez, Marc Lore fail to close deal, NBA team 'no longer for sale'
Glen Taylor will remain the majority owner of the Minnesota franchisesCBS Sports - Sports - NBA -
Reddit Stock Surges on Its First Day of Trading
The home of memestocks is now publicly traded on the New York Stock Exchange as RDDT, in the first major social media IPO in five years.Wired - Tech -
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.MarketWatch - Business -
Coinbase’s stock falls after request to dismiss the SEC’s suit was denied
Coinbase’s stock fell Wednesday, after the cryptocurrency exchange said its request to dismiss the U.S. Securities and Exchange Commission’s lawsuit was denied by federal court.MarketWatch - Business -
Carnival warned that its full-year earnings will take a hit from the collapse of the bridge in Baltimore.
Carnival warned that its full-year earnings will take a hit from the collapse of the bridge in Baltimore.The Wall Street Journal - World -
Lands’ End’s stock rallies as retailer posts stronger-than-expected sales
Shares of Lands’ End surpassed the $10 mark for the first time since August 2023.MarketWatch - Business -
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.MarketWatch - Business -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
DraftKings is showing this ‘powerful sign’ that could help boost its stock 20%
DraftKings’ stock has been a big recent winner, rising nearly 170% over the past 12 months. But there’s still room to run, according to a new bull.MarketWatch - Business -
Truth Social’s stock rally has made Trump billions, and many others millions
Trump Media & Technology Group’s stock soared Tuesday, as investors rushed to buy the stock with the new ticker symbol that bears the initials of the former president.MarketWatch - Business - Donald Trump -
Nio’s stock touches 52-week low after Chinese EV maker cuts sales estimates
U.S.-listed shares of Nio Inc. on Wednesday hovered around a 52-week low after the Chinese electric-vehicle maker cut its current-quarter sales estimates.MarketWatch - Business -
Ford to trim workforce at plant that builds its F-150 Lightning as sales of EVs slow
Ford will drastically cut the number of hourly workers at its factory that builds the Ford F-150 Lightning as sales of electric vehicles slow, according to a media reportABC News - Top stories -
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.The Wall Street Journal - World -
How the AI potential of Reddit’s user data has helped send its stock soaring
The social-media website’s stock continues to attract investor interest after its closely watched IPO last week.MarketWatch - Business -
NHRA Winternationals Results
64th annual NHRA Winternationals at In-N-Out Pomona DragstripABC News - Sports -
Forecasts for German economy see stagnation, or recession, in 2024
Yahoo News - World -
BYD misses profit forecasts as Huawei challenge emerges
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms groupFinancial Times - World -
Institute says German economy is "struggling" and lowers forecasts
Yahoo News - World - Germany -
Economic experts slash growth forecasts for Germany
Five leading institutes expect expansion of just 0.1 per cent in 2024 as exports fall and domestic demand fails to pick upFinancial Times - World -
Louisiana Republican primary: Live results
GOP voters in Louisiana will head to the polls Saturday to cast votes in the state's primary. Former President Trump is expected to bring in all of the state's 47 Republican delegates. The GOP front-runner garnered enough votes earlier this month ...The Hill - Politics -
Louisiana Democratic primary: Live results
Democratic voters in Louisiana will head to the polls Saturday to cast votes in the state's primary. President Biden is expected to win all of the Pelican State's 48 delegates. Author Marianne Williamson, who briefly suspended her White House bid, ...The Hill - Politics -
Flutter Predicts Earnings Jump on U.S. Growth
Flutter Entertainment forecast earnings growth of 30% in 2024, after strong growth in its U.S. operations last year, with revenue rising 41%.The Wall Street Journal - World -
Flutter Predicts Earnings Jump on U.S. Growth
Flutter Entertainment forecast earnings growth of 30% in 2024, after strong growth in its U.S. operations last year, with revenue rising 41%.The Wall Street Journal - Business -
Like it or not, Warriors have earned their mediocre status
The Warriors are on the fringe of the NBA playoffs because they’ve been inferior to the teams ahead of them in the Western Conference, writes Monte Poole.Yahoo Sports - Sports -
UFC on ESPN 53 play-by-play and live results
Check out live play-by-play and official results from UFC on ESPN 53 in Las Vegas.Yahoo Sports - Sports - UFC -
Ireland’s economy forecast to return to growth, easing drag on eurozone
The eurozone economy may be freed of a headwind that enfeebled growth in 2023, with new forecasts pointing to a return to expansion for Ireland, one of the currency area’s smallest but most changeable members.MarketWatch - Business -
Irish Economy Forecast to Return to Growth, Easing Drag on Eurozone
The eurozone economy may be freed of a headwind that enfeebled growth in 2023, with new forecasts pointing to a return to expansion for Ireland, one of the currency area’s smallest but most changeable members.The Wall Street Journal - World -
Savings account interest forecast for spring 2024: Here's what experts predict
Rates on savings accounts are high now but will they stay elevated in the months to come? Here's what to know.CBS News - Top stories