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Rio Tinto Keeps Guidance Despite Lower Iron-Ore Shipments
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Boston Beer reports a surprise profit as Twisted Tea shipments keep growing
Boston Beer’s stock surged in after-hours trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose well above forecasts, fueled by volume increases, pricing and lower returns.MarketWatch - Business -
Despite Recent Bill to Ban TikTok, Biden's Campaign Will Keep Using It
There are still concerns the platform is a security risk and a new law aimed at forcing its Chinese parent company to sell it, but the Biden campaign sees it as a promising messaging channel for younger voters.Inc. - Business - Joe Biden -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
American Airlines Gives Upbeat Guidance
The carrier’s shares climbed more than 4% premarket as it swung to a loss in the first three months of the year but provided a positive second-quarter forecast. The airline reduced its total debt by nearly $950 million.The Wall Street Journal - World - Travel -
‘My hands went cold’: Rio’s reporters risk death to reveal criminal ties between police, politicians and mafia
The killing of councillor Marielle Franco has inspired a generation of journalists to probe the city’s dangerous underworld. Rafael Soares’s phone rang and his blood froze. “Ronnie Lessa Googled you,” a federal police contact on the other end of ...The Guardian - World -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
SKF Warns of Lower Sales
SKF said it expected a mid-single digit fall in sales in the second quarter, with market volatility and geopolitical uncertainty continuing, after it reported below-forecast sales in the first quarter but profits in line with hopes.The Wall Street Journal - World -
SKF Warns of Lower Sales
SKF said it expected a mid-single digit fall in sales in the second quarter, with market volatility and geopolitical uncertainty continuing, after it reported below-forecast sales in the first quarter but profits in line with hopes.The Wall Street Journal - Business -
Comex Gold, Silver Settle Lower
Gold settled 0.1% lower, down for three consecutive sessions, and silver edged down, falling two of the past three sessions.The Wall Street Journal - World -
Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.The New York Times - Business
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A Media Heiress's Bid to Sell Sets Off Mayhem Inside Paramount
The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone’s merger plans collide with shareholder fury and a CEO on the outs.The Wall Street Journal - Business -
Paramount Global CEO Bob Bakish Steps Down
The entertainment giant will put in place an “Office of the CEO” through which three division heads will oversee the company.The Wall Street Journal - Business -
A Massive U.S. Nuclear Plant Is Finally Complete. It Might Be the Last of Its Kind.
Cost overruns and delays at Southern Co.’s Plant Vogtle pushed U.S. nuclear power in a different direction.The Wall Street Journal - Business -
FCC Fines Wireless Carriers for Sharing Customer Data
Agency says four carriers sold access to customers’ location data to aggregators.The Wall Street Journal - Business -
L'Occitane Owner Offers Buyout That Values Company at €6 Billion
The Luxembourg-based and Hong Kong-listed cosmetics company said that the offer from L’Occitane Groupe, Geiger’s holding company, to buy the remaining shares would cost €1.7 billion.The Wall Street Journal - Business