Meta faces ‘extraordinarily high expectations.’ Can earnings clear the bar?
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How Zola's Co-founder Learned the Importance of Setting Clear Expectations
Growth requires accountability.Inc. - Business -
easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business -
Meta Faces Fresh Probe Over ‘Addictive’ Effect on Kids
The EU has launched an investigation into Facebook and Instagram’s child protection measures as part of mounting concerns around minors’ use of social media.Wired - Tech -
Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies
The investigation, which could eventually lead to a fine, will look into the platforms’ use of algorithms that officials said may stimulate addictive behavior in children.The Wall Street Journal - Tech - European Union -
Meta Faces EU Investigation Over Child Safety Risks
The Digital Services Act, which became active last year,requires social media platforms to work harder to prevent dangerous and illegal content from reaching younger users.Inc. - Business - European Union -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains
Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.CNBC - Business -
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline's outlook for the end of the year weighed on its shares.
EasyJet expects summer demand to lift earnings after a narrowed first-half loss, but the airline’s outlook for the end of the year weighed on its shares.The Wall Street Journal - World -
Meta faces an EU investigation into whether its Facebook and Instagram services do enough to protect minors under a new online-content law.
Meta faces an EU investigation into whether its Facebook and Instagram services do enough to protect minors under a new online-content law.The Wall Street Journal - World -
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Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Applied Materials’ stock dips despite upbeat earnings
The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.MarketWatch - Business -
Merrick Garland contempt resolution clears House panel
The House Judiciary Committee advanced a resolution Thursday to hold Attorney General Merrick Garland in contempt of Congress. CBS News congressional correspondent Scott MacFarlane reports.CBS News - Top stories -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - World -
Ranking the NFL schedule releases: No. 1 team was clear
Which NFL content team can claim the best schedule release video of 2024? Here are our rankings of every team.Yahoo Sports - Sports - NFL -
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.The Wall Street Journal - World - Microsoft -
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.The Wall Street Journal - Business - Microsoft -
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.The Wall Street Journal - Business -
Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.CNBC - Business - European Union -
EU investigating Meta over addictive effects of Facebook, Instagram on children
The European Union is investigating Meta, the parent company of Facebook and Instagram, over the potentially addictive effects of its platforms on children. The bloc’s executive arm, the European Commission, opened “formal proceedings” against ...The Hill - Politics - European Union -
'Overlooked' workers who train AI can face harsh conditions, advocates say
Millions of workers worldwide help assemble vast amounts of training data, and can often face harsh conditions, advocates say.ABC News - Top stories -
Police clear protest encampment over war in Gaza at UC Irvine
Police have cleared a lecture hall at the University of California-Irvine after hundreds of protesters occupied the building for several hours Wednesday. Officers dismantled an encampment and barricades while detaining some of the protesters. CBS ...CBS News - Top stories -
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Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
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 -
Garland contempt resolution clears House panels as Biden asserts privilege
The Justice Department said Thursday morning that the president was asserting executive privilege over the recordings with special counsel Robert Hur.CBS News - Politics - Joe Biden -
Top House Foreign Relations Democrat: Biden message to Israel 'clear and consistent'
Amid criticism from House Republicans, Rep. Gregory Meeks (D-N.Y.) joins Meet the Press NOW to discuss President Biden's policy in the Israel-Hamas War.NBC News - Politics - Joe Biden -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
How much interest would a $10,000 6-month CD earn now?
You could earn a significant return on your money simply by depositing some of it into a six-month CD right now.CBS News - Top stories -
Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy's
CNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.CNBC - Business -
Regiment cleared 40 years after Falklands ship bombing
Declassified documents clear army regiment after bombing of the Sir Galahad in the Falklands War.BBC News - Top stories -
EU investigates Facebook owner Meta over child safety and mental health concerns
Company’s social media platforms, which also include Instagram, may have addictive effects, says European Commission. • Business live – latest updates. The European Commission has opened an investigation into the owner of Facebook and Instagram ...The Guardian - World - European Union -
Witness testimony expected to begin in Bob Menendez trial
Sen. Bob Menendez of New Jersey is accused of trading his influence and power to foreign governments.CBS News - Top stories -
The WSJ Dollar Index Was Flat at 99.16
The WSJ Dollar Index was flat at 99.16, and was down four of the past five trading days.The Wall Street Journal - World -
Natural Gas Futures Rise With Some Help From Texas Storm
Natural gas futures rose 5% on a storm in Texas and as U.S. inventories shrink ahead of higher cooling demand.The Wall Street Journal - World -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
United Airlines says FAA cleared it to start adding new aircraft, routes after safety review
United Airlines said in March that the FAA was stepping up its review of the airline after a series of safety incidents.CNBC - Business