Growth
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Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - Business -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World -
A reformed stock market would unleash Britain’s growth
Keeping growth companies onshore would boost the FTSE and the UK economyFinancial Times - World -
U.S. economic growth slows as consumers tighten their belts
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.CBS News - Top stories -
Google Parent Alphabet Looks to Continue Revenue Growth
The search giant has reported four straight quarters of accelerating sales growth and been investing in artificial-intelligence technology. Still, Google’s advertising sales last quarter fell short of expectations.The Wall Street Journal - World - Google -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - Business -
Biden delivers remarks on the CHIPS Act and job growth
Watch live coverage as President Biden delivers remarks on how the CHIPS and Science Act are growing the economy and creating jobs.NBC News - Top stories - Joe Biden -
Microsoft cloud growth accelerates on back of AI push
Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.CNBC - Business - Microsoft -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Politics -
Pace of economic growth slows as inflation remains stubborn
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.NBC News - Top stories -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
LG Electronics Posts Profit Turnaround on Steady Revenue Growth
The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global demand for consumer electronics this year.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Investors Cheer Sales Growth at Ben & Jerry's Owner Unilever
Unilever sold more products at higher prices last quarter, a shot in the arm for Chief Executive Hein Schumacher who has been under pressure to deliver stronger growth.The Wall Street Journal - World -
US economic growth falls short of expectations with 1.6 percent annualized gain
U.S. economic growth dipped below 2 percent during the first quarter for the first time in more than a year and a half, according to a new government reading released Thursday. Gross domestic product (GDP) grew at an annualized rate of 1.6 percent ...The Hill - Politics -
Monster Beverage cut to sell because it’s ‘no longer…a high growth story’
Analyst Bill Chappell says Wall Street is ‘overoptimistic’ about energy drink maker’s gross margin recoveryMarketWatch - Business -
Oil prices pull back as U.S. economic growth disappoints
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.CNBC - Business -
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.CNBC - Business -
LG Electronics Posts Profit Turnaround on Steady Revenue Growth
The South Korean company saw steady revenue growth at its home-appliance and vehicle-component businesses, and forecasts a gradual recovery in global demand for consumer electronics this year.The Wall Street Journal - Business -
U.S. economic growth slower than expected in 2024's first quarter
The U.S. GDP increased at a 1.4% annualized rate in the first quarter of 2024, a pace that's slower than expected and much lower than the 3.4% growth seen in the fourth quarter of 2023. CBS News business analyst Jill Schlesinger has more on why ...CBS News - Top stories -
Noise from traffic stunts growth of baby birds, study finds
Researchers also find zebra finches 20% less likely to hatch from eggs if exposed to noise pollution. Noise pollution from traffic stunts growth in baby birds, even while inside the egg, research has found.. Unhatched birds and hatchlings that are ...The Guardian - World -
Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.CNBC - Business -
Merck’s first-quarter results beat expectations amid healthy vaccine-sales growth
Merck on Thursday reported first-quarter results that beat analysts’ expectations amid strong sales of vaccines and cancer drug Keytruda.MarketWatch - Business -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines is one of Boeing's biggest customers and flies only 737s.CNBC - Business -
US economic growth slows; Anglo American shares surge after BHP proposes £31.1bn takeover – as it happened
FTSE 100 hits another record, after buyout offer for Anglo American, while US economy slowed by more than expected in the last quarter. Full story: US growth slows as inflation rises, spooking marketsFull story: BHP moves to buy Anglo American ...The Guardian - World -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories -
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.CNBC - Business -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025.NBC News - Top stories -
How Van Leeuwen Ice Cream's Laura O'Neill and Other Growth-Minded Entrepreneurs Keep Their North Star
Growth at all costs is for tech bros. The Brooklyn-based ice cream maven and other founders are charting a more sustainable course.Inc. - Business -
Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Snap reported first-quarter results that beat analysts' estimatesCNBC - Business -
Roku warns of tougher bar for growth ahead. An analyst says that is its ‘fundamental risk.’
TV-streaming service Roku Inc. on Thursday forecast second-quarter sales that were above expectations, but warned of a higher bar for growth up ahead and moderating profit in the second half of the year.MarketWatch - Business -
Intel reports 9% YoY Q1 growth, driven by computing, AI and edge products
Intel announced its earnings under its new financial structuring model as it seeks to establish itself as a leader in AI hardware.VentureBeat - Tech