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Shopify shares plunge 18% on weak guidance
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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 -
5/18: Saturday Morning
Trucks carrying desperately needed aid are rolling across a newly U.S. built pier into Gaza; Chef Salil Mehta introduces diners to Malaysian food after eatery earns Michelin starCBS News - Top stories -
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 -
Activists sue Russia over ‘weak’ climate policy
Russian constitutional court is considering claim, which activists hope will raise awareness about emissions. A group of activists are fighting for the right to scrutinise Russia’s climate policies, and in particular its enormous methane ...The Guardian - World - Climate -
News Quiz for May 18, 2024
Test your knowledge of the week’s events as reported in The Wall Street Journal.The Wall Street Journal - World -
5/18: CBS Weekend News
Biden travels to Georgia ahead of Morehouse commencement address; Anchovies behind surge of sea lions in San FranciscoCBS News - Top stories -
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour's largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.CNBC - Business -
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 -
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 -
Bipartisan group of senators unveil long-awaited guidance on AI bills
Politico - Politics
More from CNBC
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Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
Microsoft set to unveil its vision for AI PCs at Build developer conference
Microsoft Build 2024 starts Tuesday, and the company is expected to talk about how Windows will power new "AI PCs."CNBC - Business - Microsoft -
Media giants lean on sports as Hollywood strikes still loom over content slates
Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes.CNBC - Business -
Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.CNBC - Business -
Biden confronts 2024 weak spots with young, Black voters at Morehouse commencement
President Joe Biden's Black voter support has fallen since the 2020 election, while former President Donald Trump's has increased, according to recent polls.CNBC - Business - Joe Biden