Peloton Narrows Losses As Sales Fall Less Than Forecast
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Home Depot’s sales fall short of estimates as spring selling season sees delayed start
Home Depot Inc.’s stock fell 0.2% early Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but sales fell slightly short as the spring selling season got off to a delayed start.MarketWatch - Business -
Australian Government's Budget Bets On Rapid Fall In Inflation
Australian Treasurer Jim Chalmers has framed the center-left Labor government’s 2024-2025 budget around the themes of cost of living relief, income tax cuts and the tantalizing prospect of a fall in mortgage interest rates by early next year.The Wall Street Journal - World - Australia -
Inside the rise and fall of Ashley Madison: ‘People literally lost their lives’
A new Netflix docuseries explores how the site that enabled married people to have affairs devolved into chaos back in 2015. In theory, the internet promised, among other things, a solution to the age-old conundrum of finding a date. If you wanted ...The Guardian - World -
Dollar Give Back Post-PPI Gains
The dollar gave back gains made earlier on April’s unexpectedly high PPI inflation, with the WSJ Dollar Index lower.The Wall Street Journal - World -
Rheinmetall Misses Forecasts in Slow Quarter
Rheinmetall posted sales and earnings below expectations for the first quarter, but confirmed its annual guidance as governments continued to place orders for ammunition, air-defense systems and other military equipment.The Wall Street Journal - World -
Suns hire Budenholzer, Nuggets take over & Knicks falling apart | Good Word with Goodwill
Vincent Goodwill is joined by Jake Fischer to recap the NBA Playoffs action from the weekend before talking with Krysten Peek about the 2024 NBA Draft.Yahoo Sports - Sports - NBA -
Alibaba shares fall 5% in premarket trading after posting 86% profit drop
Alibaba posted a beat on revenue in its fiscal fourth quater ended March, but the Chinese e-commerce giant's net profit plunged.CNBC - Business -
On Holding more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.MarketWatch - Business -
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 -
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 -
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed ...ABC News - Top stories -
Producer Prices Rose More Than Expected in April
Producer Prices Rose More Than Expected in AprilThe Wall Street Journal - World -
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 -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business