Lululemon Shares Jump As Holiday Quarter Sales Surge
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Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall
Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street’s expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in ...MarketWatch - Business -
Toyota projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit.
Toyota projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit.The Wall Street Journal - World -
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 -
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 -
Intel said its revenue for the current quarter would be lower than expected amid new restrictions on sales by chip makers to Huawei.
Intel said its revenue for the current quarter would be lower than expected amid new restrictions on sales by chip makers to Huawei.The Wall Street Journal - World -
Continental Keeps Guidance Despite Weak First-Quarter
The German car-parts company confirmed both its preliminary figures for the quarter ended March and also backed its full-year outlook, despite posting a net loss of $57 million.The Wall Street Journal - Business -
Telefonica Confident as First Quarter Tops Hopes
Telefonica said it was on track to meet its 2024 targets after first-quarter results came in ahead of expectations.The Wall Street Journal - World -
Robinhood climbs after reporting record earnings for first quarter
Shares of the brokerage firm rose after first-quarter results topped Wall Street expectations.CNBC - Business -
Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance
Airbnb reported first-quarter results on Wednesday that beat analysts' estimates.CNBC - Business -
Shopify shares plunge 18% on weak guidance
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.CNBC - Business -
China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow
China's customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts.CNBC - Business - China -
Uber swung to a loss last quarter as legal settlements and equity investments weighed on results even as demand for its rides and deliveries rose.
Uber swung to a loss last quarter as legal settlements and equity investments weighed on results even as demand for its rides and deliveries rose.The Wall Street Journal - World -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
China and EU-candidate Serbia sign an agreement to build a 'shared future'
China and European Union candidate Serbia have signed an agreement to build a “shared future” between the two states, making the Balkan country the first in Europe to agree on such a document with BeijingABC News - World - China -
Tweens are obsessed with skin care. Experts share do's and don'ts
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.CBS News - Top stories -
In Serbia, Xi Underlines Close Ties With Ally That Shares Wariness of U.S.
Visiting friendly leaders in Eastern Europe, the Chinese president commemorated the 25th anniversary of a misdirected U.S. airstrike that destroyed China’s embassy in Belgrade.The New York Times - World -
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 -
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market tradingABC News - Tech -
Australia Shares Lose 1.1%, Snap Five-Day Winning Streak
Australia’s S&P/ASX 200 closed 1.1% lower at 7721.6, snapping a five-session run of gains amid weakness in shares of banks and consumer-facing companies.The Wall Street Journal - World - Australia -
Bridgewater’s chief says he has ‘rewired’ world’s largest hedge fund
Nir Bar Dea is seeking to restore firm’s investment performance as it moves on from founder Ray DalioFinancial Times - Business -
Chinese property developers’ shares rise after Hangzhou lifts buying restrictions
Financial Times - Business -
AB InBev said its volumes dropped by less than expected in the first quarter and the brewer backed its guidance after saying that its three-month performance was encouraging.
AB InBev said its volumes dropped by less than expected in the first quarter and the brewer backed its guidance after saying that its three-month performance was encouraging.The Wall Street Journal - World