Irelands Economy Forecast
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Alstom to Cut Costs, Forecasts Higher Profits
Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs.The Wall Street Journal - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
Arm shares drop as revenue forecast falls short despite AI boom
Lacklustre outlook raises concerns that spending on artificial intelligence chips could slowFinancial Times - Business -
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market tradingABC News - Tech -
Duolingo’s longer-term forecast gets brighter, but short-term outlook disappoints
Duolingo Inc. on Wednesday said it saw a jump in demand in the first quarter, but investors appeared more concerned about the second, even as the language-learning app offered up more optimism further out.MarketWatch - Business -
China’s exports return to growth as Beijing prioritises high-tech manufacturing
Xi Jinping’s trade and industrial policy has drawn accusations of dumping from the US and EuropeFinancial Times - World - China -
Biden promotes economy in battleground Wisconsin
As he struggles on the economy in polling, President Biden touted his administration's economic achievements. But the president faces skepticism from voters who say they are still struggling. NBC News' Peter Alexander reports.NBC News - Politics - Joe Biden -
India's Economy Isn't the New China (Yet)
Its ascent is evident, but its per capita GDP is only a little more than half of Indonesia’s.The Wall Street Journal - World - China -
Extending Trump’s tax cuts would cost US trillions of dollars in new forecast
The Congressional Budget Office (CBO) projected in a new report that the extension of tax cuts passed as part of former President Trump’s signature 2017 tax law could add trillions of dollars to the nation’s deficits over roughly the next decade. ...The Hill - Politics - Donald Trump -
South Korean president pledges to focus on economy after election shock
South Korean President Yoon Suk Yeol pledged to focus on improving the economy and tackling flagging birth rates after a crushing election defeat for his party.NBC News - Top stories - South Korea -
Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts
Regional banks and the federal government are big losers of higher rates, but so are cities reeling from wobbling commercial real estate, says Starwood Property Trust’s CEO.MarketWatch - Business - Federal Reserve -
Megacap tech may be the ultimate ‘quality’ play in an uncertain economy, The ETF Store president suggests
Technology is currently the largest sector in the S&P 500 per FactSet, comprising nearly 30% of the index.CNBC - Business