Us Stocks Sink after Disappointing Retail Sales Data
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Vendor that mishandled Penn. virus data to pay $2.7M in federal whistleblower case
A staffing company that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the U.S. Justice Department and a whistleblowerABC News - Top stories -
UnitedHealth CEO testifies on Capitol Hill about data breach
UnitedHealth CEO Andrew Witty issued an apology while testifying before a House committee Wednesday about the cyberattack against subsidiary Change Healthcare that paralyzed insurance payments to hospitals, pharmacies and medical practices ...CBS News - Top stories -
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat
Some analysts warn of limits to how long the Fed can keep rate increases off the table.The Wall Street Journal - World - Federal Reserve -
In data: Nike, Uniqlo, Adidas among China consumer favourites
Yahoo News - World - China -
How new data upended London’s post-pandemic growth story
Capital lossFinancial Times - World -
Pregnancy-related deaths fall to pre-pandemic levels, new data shows
New CDC data shows about 680 women in the U.S. died during pregnancy or shortly after childbirth in 2023, a decline from the previous year.CBS News - Top stories -
Illinois governor's pro-abortion-rights group sinks money into Florida ballot question
Illinois Gov. J.B. Pritzker’s policy advocacy group is sinking resources into a Florida ballot initiative that would enshrine abortion rights in the state constitution.NBC News - Politics - Florida -
McDonald's Boosts Promos as Boycotts Hit Global Sales
On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.Inc. - Business -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
Hot Property: five homes for sale in the Midi-Pyrénées
From a Gascon château with a pigeonnier and orangery to a rustic, renovated house with a libraryFinancial Times - World -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Aston Martin losses jump 90% as SUV sales drop
British carmaker reports £138.8mn pre-tax loss as it wrestles with debtFinancial Times - Business -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
Stocks Slip, Extending April Pullback
Indexes finished a downbeat month ahead of the Fed meeting and jobs data.The Wall Street Journal - World -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
Former Italian foreign minister convicted for role in sale of Monte Carlo apartment
Yahoo News - World -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Russell Wilson and Ciara to Pocket $31 Million From Sale of Washington Estate
The famous couple have found a buyer for their 11,000-square-foot Bellevue mansion, after recently selling an adjacent lot for $9.75 million.The Wall Street Journal - World -
Paramount CEO Bob Bakish to step down amid sale discussions
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.CBS News - Entertainment -
How a negotiation over cable fees could weigh on Paramount's sale
Charter pays Paramount to carry its channels, including CBS and Nickelodeon. The outcome of the negotiations could weigh on Paramount's valuation in the event of a sale.Los Angeles Times - Entertainment -
Boca Raton's Most Expensive Home Sale Is a $40 Million Teardown
A luxury home builder purchased the waterfront lot with plans to knock down the 1990s house and rebuildThe Wall Street Journal - World -
Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.The New York Times - Business -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - World - China -
Healthy Returns: Sales of Humira are plunging, but AbbVie has two promising successors
AbbVie has two successors that could offset the losses from its blockbuster drug Humira. Meanwhile, UnitedHealth Group's CEO will testify on Capitol Hill.CNBC - Business