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PepsiCo’s profit beats estimates, but Quaker recalls weigh on earnings
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Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.The Wall Street Journal - World -
Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
Why Coinbase’s stock is shrugging off a monster earnings beat
Analysts saw a few reasons to quibble, including a potential slowdown this quarter.MarketWatch - Business -
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. Discovery
CNBC's Jim Cramer on Friday guided investors through an earnings-packed week on Wall Street.CNBC - Business -
Societe Generale Shares Climb on Above-Forecast First Quarter
Societe Generale’s results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said.The Wall Street Journal - World -
Verstappen beats Leclerc to Miami sprint pole
Red Bull’s Max Verstappen beat Ferrari’s Charles Leclerc to take pole position for the sprint race at the Miami Grand Prix.BBC News - Top stories
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GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year
Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.MarketWatch - Business -
Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.MarketWatch - Business -
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones has joined fellow proxy advisers ISS and Glass Lewis in stepping into activist investor Ancora’s board battle with railroad operator Norfolk Southern.MarketWatch - Business -
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.MarketWatch - Business -
Paramount’s new ‘Office of the CEO’ now has a leader — while its ex-CEO will still collect a hefty paycheck
Paramount Global has named Chris McCarthy as interim principal executive officer of its new three-executive leadership team, the media conglomerate said.MarketWatch - Business