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Kraft Heinz snaps long streak of profit beats and sales fell shy again
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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 -
Montero drives in 3 runs as the Rockies beat Padres 5-4 and extend winning streak to five games
Elehuris Montero had two hits and three RBIs to lead Colorado to an 5-4 victory over the San Diego Padres on Monday night and extend the Rockies’ winning streak to five gamesABC News - Sports - MLB -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - World -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - Business -
Amazon has a huge sale on Beats headphones and earbuds
Shop some of the best-selling Beats headphones and earbuds at Amazon to save hundreds on your favorite pair.CBS News - Top stories - Amazon -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - World -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - Business -
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 -
Burberry’s profits plunge as sales slump on slowing luxury demand
Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.MarketWatch - Business -
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
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GameStop’s meme rally will likely be a series of ‘descending spikes,’ says market-cycles expert
“All of the GameStop rallies have been pretty spiky.”MarketWatch - Business -
Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business -
Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.MarketWatch - Business -
Oil prices hover near 9-week lows as traders await CPI data
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S. inflation reading and official storage data.MarketWatch - Business -
NYCB’s loan sale to JPM praised as ‘important first step’ in turnaround
NYCB’s stock rises 5% in premarket trades after announcing deal to sell loans to JPMorgan Chase.MarketWatch - Business