$12 Billion Profit Beats Forecasts
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Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
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 -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
Pfizer beats revenue estimates, raises profit outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
Kraft Heinz snaps long streak of profit beats and sales fell shy again
Kraft Heinz’s stock fell in premarket trading Wednesday, after the food and beverage brands company only matched first-quarter profit expectations and fell shy on sales, again.MarketWatch - Business -
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”MarketWatch - Business -
Adidas Maintains Outlook as First Quarter Tops Forecasts
Adidas posted above-forecast profits for the first quarter, citing brand momentum, and confirmed its recently-lifted outlook for the year.The Wall Street Journal - Business -
Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.CNBC - Business -
12% of LGBTQ youth attempted suicide last year, nationwide survey says
More than a third of LGBTQ young people seriously considered suicide in the past year, the survey found.CBS News - Top stories -
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecastABC News - Top stories -
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.CNBC - Business - Amazon -
Clariant Confirms Outlook as Profits Rise
Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and a strong performance at its aviation business.The Wall Street Journal - Business -
Haleon Keeps Outlook as Profits Rise
Haleon reported a 2% rise in underlying profits for the first quarter despite lower revenue, and maintained its full-year guidance and buyback plan.The Wall Street Journal - World -
Chris Harris Jr., former Broncos Pro Bowler and Super Bowl champion, retires from NFL after 12 seasons
Harris exits as one of the most accomplished undrafted players in league historyCBS Sports - Sports - NFL -
Pac-12 posts an impressive haul in the NFL draft before the conference breaks up
The final season of the Pac-12 turned out to be as big a hit in the NFL draft as it was on the fieldABC News - Sports - NFL -
Sea Of Thieves Season 12 Plunder Pass Rewards: All Sails, Hulls, And Other Cosmetics
Sea of Thieves Season 12 is here, and with that comes a whole new season Plunder Pass, Rare's swashbuckling version of a battle pass. As usual, the latest Plunder Pass comes with various cosmetics and lots of currency to spend in-game. What's ...GameSpot - Tech -
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.CNBC - Business -
Forecasting Steven Stamkos' free agency: Six possible landing spots for Lightning star, including Maple Leafs
Stamkos' time in Tampa may be at an end after 16 seasonsCBS Sports - Sports -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
OMV Profit Tops Hopes, Keeps Outlook
OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.The Wall Street Journal - Business -
Santander Confirms Outlook Despite Profit Miss
Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial targets.The Wall Street Journal - Business -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
Huawei's Net Profit Rose More Than Sixfold
Huawei Technologies’ net profit rose more than sixfold in the first quarter, helped by a jump in the Chinese telecommunication equipment maker’s smartphone sales in China.The Wall Street Journal - Business -
GSK Upgrades Targets as Core Profits Jump
GSK lifted its full-year guidance after first-quarter core earnings rose 28%, helped by higher sales of vaccines and specialty medicines .The Wall Street Journal - World -
These hot new Beats Solo 4 headphones are available for preorder
Discover the all-new Beats Solo 4 headphones, which you can not preorder from Amazon for $200.CBS News - Top stories -
Lumen’s stock gains after beat on free cash flow
Lumen’s CEO cited “expected headwinds” in the latest quarter’s results but the company maintained its full-year outlook.MarketWatch - Business -
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.CNBC - Business -
Nevin homers in 2nd straight game, A’s beat Pirates 5-1
Tyler Nevin homered for the second straight game and the Oakland Athletics beat the Pittsburgh Pirates 5-1ABC News - Sports - MLB -
Beating inflation will likely require an increase in the U.S. unemployment rate
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Amazon Prime ads help tech giant drive profits
The tech giant did better than expected in many areas of its business.BBC News - Top stories - Amazon -
Amazon profits may have tripled but do not expect a dividend
Resurgence of free cash flow at the ecommerce group is still fresh while capital expenditure is set to rise this yearFinancial Times - Business - Amazon -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
Should you take your stock market profits and run for the summer?
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.MarketWatch - Business -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
Angels score two on wild pitch and throwing error, beat Phillies 6-5 and snap 4-game skid
Ehire Adrianza and Mike Trout scored on a wild pitch and throwing error in the seventh inning as the Los Angeles Angels rallied from an early three-run deficit to beat the Philadelphia Phillies 6-5 and snap a four-game losing streakABC News - Sports - MLB