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Public Companies Are Alive and Well
They’re fewer in number but bigger and more profitable than ever before.The Wall Street Journal - World -
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 -
IKEA, Cohere, Swarovski and UniCredit Chiefs to Appear at WSJ CEO Council
The Wall Street Journal is convening its annual CEO Council in London to discuss the forces shaping policy, business and the economy.The Wall Street Journal - World -
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles
Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.The Wall Street Journal - World -
U.S. Natural Gas Futures Slip Ahead of Storage Report
U.S. natural gas futures settled lower, snapping a four-session winning streak ahead of the EIA’s weekly storage report that’s likely to put excess inventories back in the spotlight.The Wall Street Journal - World -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Microsoft: Workers want to use AI—they’re not waiting for their companies to adopt it
Microsoft's 2024 Work Trend Index shows workers embracing AI faster than their employers and are resorting to bringing their own AI to work.VentureBeat - Tech -
AstraZeneca pulls its COVID vaccine from European market
The pharma giant AstraZeneca has requested that the European authorization for its COVID-19 vaccine be pulledABC News - Health - Covid -
In the NIL landscape, schools are turning to companies to train and manage in-house general managers
Athletic departments across the country are trying to figure out the best way to manage the name, image and likeness landscape when it comes to athletes earning endorsement moneyABC News - Sports -
Robinhood Stock Jumps After Company Reports Record Revenue and Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 6% after hours.The Wall Street Journal - World -
Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.CNBC - Business -
Refinery29's New Owner Plans to Cover Sports, Buy More Media Companies
Essence taps advertising executive Kirk McDonald to lead Sundial Media Group, a holding firm tasked with making more deals.The Wall Street Journal - World -
Refinery29's New Owner Plans to Cover Sports, Buy More Media Companies
Essence magazine’s parent tapped advertising executive Kirk McDonald to lead Sundial Media Group, a holding firm tasked with making more deals.The Wall Street Journal - Business -
Angry shoppers are fighting back against inflation — even the wealthy ones. Companies are feeling it.
“Let’s stop buying from these jokers,” one consumer said. “I bet they reduce these prices real quick.”MarketWatch - Business -
Investors in Uber and other gig companies could be hoping for a Trump win in November. Here’s why.
Biden’s policies are seen as much more friendly to gig workers, and his re-election could offer a fresh challenge for companies like Lyft and DoorDash.MarketWatch - Business - Donald Trump -
Robinhood’s stock rallies 7% as company swings to profit, drums up more business
Robinhood says it snapped up business from brokerage rivals and made inroads among gold investors.MarketWatch - Business -
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for ...ABC News - Tech - Apple