Nike S Holiday Quarter Plagued by Bloated Inventory Weak China Sales
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New-car sales expected to tick higher as inventories, and deals, are on the rise
2024 is shaping up to be the best for new-car sales since 2019.MarketWatch - Business -
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
Cries of Sexism Greet a Nike Olympic Reveal
The sporting giant offered a sneak peek at its track and field outfits for Team U.S.A., and an unexpected backlash ensued.The New York Times - Lifestyle -
Tensions ratchet up between China and the west
Also in this newsletter: new weapons for Ukraine, German recovery, the value of loyaltyFinancial Times - World - China -
ServiceNow rides wave of enterprise AI sales as results top estimates
ServiceNow Inc. is reaping the benefits nearly a year after its push into generative artificial intelligence.MarketWatch - Business -
Salesforce Unveils New Feature to Boost Sales Productivity
Salesforce's new Slack community, Salesblazer, is up and running.Inc. - Business -
How TikTok Helped This Beauty Brand Break $100 Million in Sales
The Beachwaver Co., a bootstrapped family business, has leveraged social media to drive fast growth.Inc. - Business - Tiktok -
Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
Ford tops first-quarter earnings estimates as commercial unit offsets EV losses
Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.CNBC - Business -
The EU will probe whether China is unfairly denying companies access to its medical devices market
The European Union says it will investigate whether China is using unfair methods to deprive companies in Europe of access to its market for medical devicesABC News - Health - China -
German far-right lawmaker whose assistant was arrested for spying for China keeps up election bid
A prominent German far-right lawmaker says he will dismiss an assistant who was arrested on suspicion of spying for China, but will remain the Alternative for Germany party’s top candidate in the upcoming European Parliament electionsABC News - World - China -
China reveals Shenzhou 18 astronauts ahead of April 25 launch to Tiangong space station (video)
Yahoo News - World - China