Adidas Raises Annual Profit Forecast
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Economists forecast $500bn annual hit from new Trump tariffs
Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promisedFinancial Times - World - Donald Trump -
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 -
Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.CNBC - Business -
Norwegian Cruise’s stock rises as profit outlook raised for 2nd time in 3 weeks
Norwegian Cruise Line’s stock rallied Monday, after the cruise operator raised its full-year profit outlook, again, citing continued “very strong demand.”MarketWatch - Business -
The Northern Lights Forecast in the U.K.
Sightings of the aurora borealis are unlikely in the U.K. this weekend, but the northern lights could return on Monday, forecasters said.The New York Times - World -
Ryanair Announces Buyback as Profits Jump
The low-cost carrier will buy back $761 million worth of shares after its core earnings for the fiscal year rose 34%, and said it expected passenger numbers to increase depending on how well Boeing handles its delivery delays.The Wall Street Journal - World -
Ohtani Day to be annual celebration in L.A.
The city of Los Angeles has declared May 17 Shohei Ohtani Day, with the city council passing a resolution to make this an annual observance for the duration of Shohei Ohtani's Dodgers career.ESPN - Sports -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
Social Security’s annual report is terrible news for seniors
The revised forecast doesn’t mean we can worry lessMarketWatch - Business -
New EY Report Forecasts 2024 Deals Rebound
Despite stubborn interest rates, mergers and acquisitions could rebound dramatically from the drop off that characterized last year.Inc. - Business -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
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An annual rich list says Paul McCartney is Britain's first billionaire musician
Paul McCartney is a billionaire BeatleABC News - Entertainment -
An annual rich list says Paul McCartney is Britain's first billionaire musician
Paul McCartney is a billionaire BeatleABC News - Top stories -
An annual rich list says Paul McCartney is Britain's first billionaire musician
Paul McCartney is a billionaire BeatleABC News - World -
Paul McCartney is Britain's 1st billionaire musician, according to annual rich list
Paul McCartney is a billionaire Beatle.The Hill - Politics -
WNBA investigating $100,000 annual sponsorships for Las Vegas Aces players
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.CBS News - Top stories - WNBA -
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Newzoo revises 2023 games revenue forecasts down to $184B
Newzoo has adjusted its 2023 games revenue estimates, putting the numbers down from $187 billion to $184 billion.VentureBeat - Tech -
Half of venture firms will ‘fade or fail,’ prominent VC forecasts
As many as half the venture-capital firms will fade or fail, says a prominent player in that space.MarketWatch - Business -
Post-Brexit border checks forecast to cost UK £4.7bn, says NAO
Watchdog says says repeated delays have caused unnecessary costs and strategy lacks a ‘clear timetable’. The government expects to have spent at least £4.7bn on introducing post-Brexit border controls, which have been repeatedly hit by delays, the ...The Guardian - World - United Kingdom -
Palo Alto Networks’ stock falls after earnings as forecast fails to impress
The stock was down about 9% in after-hours action Monday. It lost 28% in the session after the last earnings report.MarketWatch - Business -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World -
Linklaters raises junior lawyer pay to £150,000
‘Magic circle’ firm matches Freshfields’ recent move as talent war heats upFinancial Times - Business -
Haley protest votes raise red flags for Trump
The tens of thousands of primary votes cast in favor of Nikki Haley over the last several months are underscoring the apparent discontent many Republicans feel with former President Trump as their presumptive nominee, raising alarm for his ...The Hill - Politics - Donald Trump -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Ex-Employees Raise Concerns About Safety at OpenAI
Former employees of the ChatGPT maker raised concerns that it isn’t doing enough to make sure its products don’t pose a threat to humanity.The New York Times - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
PEN America, facing criticism over its response to the Mideast war, gathers for annual gala
PEN America gathered Thursday night for its annual gala, a high-profile event raised even higher because some wondered if it would be held at allABC News - Entertainment -
NRA kicks off annual meeting as board considers successor to longtime leader LaPierre
The National Rifle Association is kicking off its annual meeting in downtown Dallas, gathering for the first time in decades without Wayne LaPierre at the helm as board members prepare to elect his replacementABC News - Top stories -
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Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.MarketWatch - Business -
Abnormally hot summer even more likely in latest NOAA forecast: Here's where
New predictions for the summer season, released by NOAA's Climate Prediction Center this week, show weather is likely to heat up in almost every corner of the United States.The Hill - Politics -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Zoom bumps its longer-term outlook higher, but near-term forecast comes up short
Zoom Video Communications Inc. on Monday bumped its full-year profit and sales forecast higher, after reporting first-quarter results that beat Wall Street’s expectations, helped by a broader artificial-intelligence rollout across the ...MarketWatch - Business -
Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
At least one party, the opposition Progress Slovakia, said it would suspend its campaign, in a move to help “end the spiral of attacks and blame.”The New York Times - Top stories -
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