America Earnings Drop 18%
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AP Week in Pictures: Latin America and Caribbean
May 10-16, 2024 As young Haitians are increasingly exposed to violence, the country is undergoing a wider push to dispel a long-standing taboo on mental health services teaching parents how to put a smile on their children’s faces. Family and ...ABC News - World -
Romney says he laughs at term 'America first'
Sen. Mitt Romney (R-Utah) said that he laughs at the term “America first,” an increasingly common phrase heard in the Republican Party regarding U.S. foreign policy that he finds “disorienting.” Romney said during an interview with MSNBC’s “The ...The Hill - Politics -
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 -
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 -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business -
Everyday citizens have abandoned Biden. When will America’s elites?
If the people continue to not support Biden, a time will come when the elites can no longer either.The Hill - Politics -
Ethnic strife is tearing Ethiopia apart, but America can help end it
Ethiopia is a nation in crisis.The Hill - Politics -
Red and Blue America Can't Just Go Their Separate Ways
Every state is basically purple, so we have to figure out how to avoid letting politics define us as Americans, writes Bill Maher.The Wall Street Journal - World -
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 -
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’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 -
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 -
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Dow Edges Higher at the Open After 40000 Milestone
Stocks rose slightly after major U.S. markets pulled back from their record highs on Thursday.The Wall Street Journal - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
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Charles drops out of top 100 baby names for boys
Olivia and Noah keep their spots as England and Wales' most popular baby names.BBC News - Top stories - United Kingdom -
Trump trial Day 18 takeaways: Fireworks on the stand as finish line nears
Much of Thursday's court proceedings in Donald Trump's hush money trial were consumed by the defense cross-examining Michael Cohen, his former attorney and fixer.NBC News - Top stories - Donald Trump -
Defending champion Rose Zhang withdraws during Round 1 of Mizuho Americas Open
Zhang had completed three holes before she made the decision to withdraw.Yahoo Sports - Sports -
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 -
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 -
2027 Women's World Cup: Brazil named host, bringing the tournament to South America for the first time
Brazil's bid beat out a joint effort from Belgium, Germany and the NetherlandsCBS Sports - Sports -
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 -
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 -
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 -
1 in 10 young college graduates is 'idled'—it could affect their earnings long-term
While the job market for recent college grads recovered quickly from the brief Covid-19 recession, the downturn could still spell trouble down the line.CNBC - Business -
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
U.K.’s largest property developer says office tap-ins up 18%
Higher interest rates knocked £625 million off the value of Landsec’s office portfolioMarketWatch - Business -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Trump Trial Day 18 Takeaways: Michael Cohen Faces Grueling Cross-Examination
After a grueling day of cross-examination for Michael D. Cohen, the judge told lawyers to be ready to make closing arguments by Tuesday.The New York Times - Top stories - Donald Trump -
Michael Cohen takes heat: 5 takeaways from Day 18 of the Trump trial
Michael Cohen endured his roughest hours on the witness stand to date on Thursday as former President Trump’s hush money trial reached its 18th day. This week has been dominated by testimony from Cohen, Trump’s erstwhile attorney turned enemy. ...The Hill - Politics - Donald Trump -
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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 -
Tyson Fury vs. Oleksandr Usyk odds, prediction, time: Top boxing expert reveals picks, bets for May 18 fight
Boxing expert Peter Kahn just locked in his Oleksandr Usyk vs. Tyson Fury picks and best bets for Saturday's fight in Saudi ArabiaCBS Sports - Sports - Boxing -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World