Bleak Economic Outlook
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If the economic outlook is so good, why are people tapping their 401(k)s?
Bank of America has suddenly reported a sharp jump in the size of loans and hardship withdrawals from its 401(k) plansMarketWatch - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Puma Confirms Outlook Despite Continued Volatility
Puma forecast an operating result of €620 million-€700 million for 2024, with analysts suggesting it should achieve sequential sales growth helped by some major sporting events.The Wall Street Journal - Business -
Bertelsmann Keeps Mixed Outlook After Revenue Drop
Bertelsmann said for 2024 it continues to expect a significant decline in revenue and earnings due to asset sales, but a moderate increase in both revenue and earnings from continuing operations.The Wall Street Journal - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Intel Lowers Sales Outlook After China Chip Licenses Revoked
The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.The Wall Street Journal - World - China -
Intel Lowers Sales Outlook After China Chip Licenses Revoked
The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.The Wall Street Journal - Business - China -
Fitch cuts NYCB’s debt rating deeper into junk territory but says outlook remains stable
Analyst cites “weaker earnings and profitability profile in addition to execution risk.”MarketWatch - Business -
Ranking rookie QBs with best long-term outlook. No. 1 may surprise you
The quarterback business is unforgiving, just ask Zach Wilson. Charles Robinson looks at the factors that can outline a path for survival and ranks the top six.Yahoo Sports - Sports -
Podesta Meets With China’s Climate Envoy Amid Deep Economic Tensions
Beijing’s dominance raises economic and security concerns, and tensions will be on full display as top climate diplomats meet this week.The New York Times - Science - Climate -
Biden Announces $3.3 Billion Microsoft AI Center at Trump’s Failed Foxconn Site
The president’s visit to Wisconsin celebrated the investment by Microsoft in a center to be built on the site of a failed Foxconn project negotiated by his predecessor.The New York Times - Top stories - Joe Biden