Job Growth Zoomed in March As Payrolls Jumped by 303000 and Unemployment Dropped to 38
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Wholesale inventories fall in March
The depletion of private inventories subtracted from the U.S. GDP in the first quarter.MarketWatch - Business -
GOP winner of Indiana House primary died in March
It's unclear who will represent the Republican party in the race for Indiana’s 7th Congressional District, as the winner of the party's primary Tuesday night died earlier this year. Rep. André Carson (D) currently represents Indiana’s 7th ...The Hill - Politics -
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles
Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.The Wall Street Journal - World -
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles
Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.The Wall Street Journal - Business -
Japan real wages fall in March, marking 2 years of decline
Yahoo News - World - Japan -
Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building
LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.MarketWatch - Business -
Toyota Motor Projects Annual Profit Drop
The Japanese carmaker projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit thanks partly to a weaker yen.The Wall Street Journal - Business -
Bertelsmann Keeps Mixed Outlook After Revenue Drop
Bertelsmann said for 2024 it continues to expect a significant decline in revenue and earnings due to asset sales, but a moderate increase in both revenue and earnings from continuing operations.The Wall Street Journal - Business -
Oil Rises, Aided by Unexpected Drop in U.S. Inventories
Oil rose in the morning Asian session, aided by the Energy Information Administration’s report on Wednesday that showed a decline of 1.4 million barrels for the week that ended May 3.The Wall Street Journal - World -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
Pharmaceutical giant AstraZeneca on Wednesday said it planned to withdraw its Covid-19 vaccine as demand for it has declined.CNBC - Business - Covid -
Parks Canada Drops Charges Against Northwest Passage Kayakers
Yahoo News - World -
Woman seeks to drop sexual assault lawsuit against ex-Grammys CEO
A woman who accused the former CEO of the Grammy Awards of sexually assaulting her in 2018 is asking a judge to drop the lawsuitABC News - Entertainment -
Arm shares drop as revenue forecast falls short despite AI boom
Lacklustre outlook raises concerns that spending on artificial intelligence chips could slowFinancial Times - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Kai Cenat's riot charges dropped after he apologizes and pays for Union Square mayhem
Charges of inciting a riot will be dropped against streamer Kai Cenat after he agreed to pay restitution and apologize for luring thousands of fans to New York’s Union Square last yearABC News - Tech -
College students list mental health, stress as top reasons to consider dropping out: Gallup
Mental health and stress are among the top reasons college students consider dropping out of school, according to a recent Gallup poll. Among students who said they considered leaving their program within the last six months, 54 percent cited ...The Hill - Politics -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Airbnb wary of slowdown after early Easter sparks jump in profits
Home rental platform’s revenue growth forecast of 8%-10% in the second quarter is below recent trendFinancial Times - Business