Procter & Gamble Revenue and Profit Fall As Company Looks to Higher Prices to Offset Declining Sales
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Coach, Kate Spade parent’s stock bounces back, as profit beat offsets sales miss
Tapestry’s stock reversed an early selloff to trade higher Thursday, after the fashion company reported fiscal third-quarter profit that beat expectations, to offset another revenue miss.MarketWatch - Business -
Honda Motor Expects Annual Profit to Fall
The Japanese automaker projected a drop in fiscal-year net profit and announced a share buyback after posting a sharp increase in annual profit for the previous year.The Wall Street Journal - World -
Sweetgreen shares soar 34% after company beats revenue expectations
Shares of the salad chain surged 34% Friday after the company's revenue beat analysts' expectations during its fiscal first quarter.CNBC - Business -
Cronos’s stock leaps as strong cannabis-flower sales lead to record revenue
Shares of Cronos Group Inc. traded sharply higher Thursday after the cannabis company, citing strength in flower sales, reported first-quarter revenue that rose to a record and beat expectations.MarketWatch - Business -
Bitcoin ETFs helped drive the crypto’s price higher. That may no longer be the case.
Spot bitcoin exchange-traded funds have been an important driver of the cryptocurrency’s price, helping to push bitcoin to a record high in March. However, things have started to change.MarketWatch - Business - Crypto -
Funko names a gaming and e-commerce veteran as its new CEO, amid falling sales
Funko Inc. on Thursday said it had appointed gaming and e-commerce veteran Cynthia Williams as its new chief executive, marking yet another change at the top over the past two years.MarketWatch - Business -
Biden’s gamble to rein in Netanyahu
The US president paused a weapons shipment to Israel, piling pressure on its leader to change course. Will it work?Financial Times - Business - Joe Biden -
China Auto Sales Fell in April Amid EV Price War
China vehicle sales fell, as consumers held back from big-ticket purchases despite an intense electric-vehicle price war in the world’s largest auto market.The Wall Street Journal - World - China -
Planet Fitness’ stock rallies after company unveils first price hike in 30 years
Planet Fitness Inc.’s stock reversed early losses to trade up 8% Thursday, as investors looked past a revenue shortfall and lowered guidance to focus on a price hike and other positives from the earnings call.MarketWatch - Business -
WSJ Dollar Index Falls
The dollar weakened, snapping a three-day winning streak, after jobless claims data reinforced hopes of a Fed rate cut this year.The Wall Street Journal - World -
Salvatore Ferragamo Revenue Dragged by Weakness in China Market
The Italian maker of luxury footwear and leather goods booked lower revenue for the first quarter, weighed by a weak consumer environment in China and the soft performance of its wholesale channel.The Wall Street Journal - World - China -
Life360 Could Give Ad Revenue Guidance in August
Location-tech developer Life360 could give second-half revenue guidance for its new advertising venture when it announces its next quarterly update in August, Chief Executive Chris Hulls said.The Wall Street Journal - Tech -
Will the economy slow or fall off a cliff?
There’s a reason famed investor Stanley Druckenmiller recently gave Bidenomics an “F” grade.The Hill - Politics -
TV series based on Shohei Ohtani interpreter gambling scandal in the works at Lionsgate
The gambling scandal surrounding Dodgers star Shohei Ohtani's interpreter is coming to the small screen, as Lionsgate Television plans a scripted series around the real-life drama.Los Angeles Times - Entertainment -
Salad chain says a cleaner farming method will offset adding steak to its menu. What is it?
The announcement of Sweetgreen salad chain that it’s adding beef to its menu led to strong reactions online, with customers questioning the company’s carbon neutral plansABC News - Tech -
Chip designer Arm's shares drop after lackluster revenue guidance
Shares of Arm fell Thursday as lackluster revenue guidance from the firm clouded a positive sales quarter driven by AI demand.CNBC - Business -
Roblox’s stock tumbles after a big revenue miss, and worries about ‘engagement’
Roblox Corp.’s stock tumbled Thursday after the online gaming company reported first-quarter revenue that was well below expectations and provided a downbeat current-quarter outlook.MarketWatch - Business -
In a push for revenue ahead of the 100th Oscars, academy announces $500-million campaign
Looking ahead to the 100th Oscars, the motion picture academy is kicking off a four-year, $500-million fundraising campaign aimed at shoring up its revenues and extending global its influence.Los Angeles Times - Entertainment -
Bernie Sanders set to seek reelection this fall
Politico - Politics -
McIlroy denies fall-out with Woods on game's future
Rory McIlroy says there is "no strain" in his relationship with Tiger Woods but admits they do not "see eye-to-eye" on the sport's future.Yahoo Sports - Sports -
Shohei Ohtani gambling scandal: TV series in development about Dodgers superstar, interpreter Ippei Mizuhara
The series is described as 'a story of trust, betrayal and the trappings of wealth and fame'CBS Sports - Sports - MLB -
Ohtani's ex-interpreter reportedly wired money to 'Real Housewives' star to pay gambling debts
Ryan Boyanjian, a 'Real Housewives of Orange County' star, is reportedly 'Associate 1' in the criminal case against Shohei Ohtani's former interpreter, Ippei Mizuhara.Los Angeles Times - Entertainment -
Malik Nabers, Jayden Daniels call off $10,000 bet on Offensive Rookie of the Year award after gambling education
Well that didn't last long.Yahoo Sports - Sports -
The FDIC's Campaign Against Fintech Companies
With no authorization from Congress, the bank regulator tries to suppress these innovative firms.The Wall Street Journal - World -
Why Companies Are Nervous About the Consumer
On earnings calls, dozens of corporate executives have cited a slowdown in spending to explain why sales are slipping.The New York Times - Business