Planet Stock Drops 25 after Satellite Data Venture Lowers Annual Revenue Guidance
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Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.MarketWatch - Business -
'No financial room,' German minister says as tax revenues drop
Yahoo News - World - Germany -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
Scholz says budget consultations 'on track' after lower tax estimate
Yahoo News - World -
Peloton shares drop after it announces refinancing to stave off cash crunch
Peloton is in the middle of a broad restructuring as it looks to align the size of its business with its slowing sales and avoid a cash crunch.CNBC - Business -
Stocks Mixed After 40000 Milestone
Stocks were mixed after major U.S. markets pulled back from their record highs on Thursday.The Wall Street Journal - World - Stock Market -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Oil prices finish lower, giving up early gains seen after death of Iran’s president
Oil futures settled lower on Monday, giving up early gains that had been tied to potential risks to global crude supplies following the death of Iran’s president in a helicopter crash and concerns about the health of Saudi Arabia’s king.MarketWatch - Business -
Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.CNBC - Business -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Emma Hayes ‘hasn’t got another drop to give’ after Chelsea WSL title triumph
Exhausted Chelsea manager signs off with fifth successive title‘I felt we deserved title,’ says Manchester City’s Gareth TaylorEmma Hayes said she doesn’t “have another drop to give” after bowing out as Chelsea manager with a fifth Women’s Super ...The Guardian - World -
A year after its Tony boost, Pasadena Playhouse unveils 2024-25 season
A year after winning the Regional Theatre Tony Award, Pasadena Playhouse unveils its 2024-25 season and readies to celebrate the 100th anniversary of its historic building.Los Angeles Times - Entertainment -
Abbott pardons army sergeant sentenced to 25 years after murdering BLM protester
Texas Gov. Greg Abbott (R) on Thursday issued a pardon for Daniel Perry, an Army sergeant who was convicted of murder for fatally shooting a Black Lives Matter (BLM) protester in 2020. In April, a jury found Perry guilty of murdering Garrett ...The Hill - Politics -
Pep Guardiola hints at Manchester City exit after 2024-25 season: 'I am closer to leaving than staying'
Guardiola is out of contract at the end of next seasonCBS Sports - Sports -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Palo Alto Networks’ stock falls after earnings as forecast fails to impress
The stock was down about 9% in after-hours action Monday. It lost 28% in the session after the last earnings report.MarketWatch - Business -
Planet Fitness's New Chief Steps Into a Culture-War Storm
The gym chain contends with a boycott and bomb threats as it stands by its inclusive locker-room policy.The Wall Street Journal - World -
Aegon Backs Guidance, Launches Fresh Buyback
Aegon said it was on track to meet its guidance for a key earnings figure this year after a decline for the first quarter, and launched a new share buyback program of up to €200 million.The Wall Street Journal - Business -
China launches new mystery Shiyan satellite (video)
Yahoo News - World - China -
Ohtani Day to be annual celebration in L.A.
The city of Los Angeles has declared May 17 Shohei Ohtani Day, with the city council passing a resolution to make this an annual observance for the duration of Shohei Ohtani's Dodgers career.ESPN - Sports -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
GameStop to sell up to 45mn new shares after latest ‘meme stock’ rally
Video games store operator announces preliminary results showing expectations of further drop in net salesFinancial Times - Business -
DuPont stock hits new high after an analyst's upgrade — why we're not buyers here
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
GameStop and AMC see meme-stock frenzy ease after Roaring Kitty-fueled rally
The meme-stock rally that lifted shares of GameStop and AMC was fueled by the social-media return of commentator Keith Gill, also known as Roaring Kitty.MarketWatch - Business -
Vermont makes waves on data privacy
The Hill's weekly technology news digest. {beacon} Friday, May 17, 2024 Welcome to Tech Friday, a new joint project of The Hill and Pluribus News covering tech policy across government. Sign up to receive The Hill's newsletters here. Rather ...The Hill - Politics -
Satellite Images Show Widening Destruction in Rafah Amid Israeli Invasion
Much of what has been seen is consistent with the aftermath of Israeli bombardment and ground operations elsewhere in Gaza since the war began last October.The New York Times - World - Israel -
Bipartisan group of senators unveil long-awaited guidance on AI bills
Politico - Politics -
11 Dems buck Biden as Senate passes rollback of crypto guidance
Politico - Politics - Joe Biden -
Elon Musk debuts Starlink satellite internet service in Indonesia
Elon Musk traveled to Bali this weekend to officially launch Starlink, the SpaceX satellite internet service, in Indonesia this Sunday. At a launch event with ministers in a health clinic in Indonesia, Musk stressed the significance of providing ...The Hill - Politics - Elon Musk -
Half of venture firms will ‘fade or fail,’ prominent VC forecasts
As many as half the venture-capital firms will fade or fail, says a prominent player in that space.MarketWatch - Business -
Crypto Venture Firm New Form Aims to Raise $100 Million Fund
Crypto and blockchain-focused venture firm New Form Capital is returning to the fundraising market, seeking to raise a $100 million fund in the latest sign investors remain bullish on the once-beleaguered crypto sector.The Wall Street Journal - World - Crypto