Profit Fall
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Ryanair Announces Buyback as Profits Jump
The low-cost carrier will buy back $761 million worth of shares after its core earnings for the fiscal year rose 34%, and said it expected passenger numbers to increase depending on how well Boeing handles its delivery delays.The Wall Street Journal - World -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
How fast is UK inflation falling?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - United Kingdom -
Boy, 5, dies in fall from block of flats
A neighbour says the boy's parents are "inconsolable" after his death in east London.BBC News - Top stories -
Schumer's AI roadmap falls flat with advocates
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story How advocates reacted to Schumer's AI 'roadmap' Civil rights, technology and labor advocates are warning that the bipartisan artificial intelligence (AI) ...The Hill - Politics - Artificial Intelligence -
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Energy bills predicted to fall by 7% in July
If the forecast proves correct, it would mean a typical annual bill could be £500 lower than last summer.BBC News - Top stories - Energy -
Clark scores 22 points, but Fever fall to Liberty
Caitlin Clark tallied 22 points, 8 assists and 6 rebounds, but the Indiana Fever fell to the New York Liberty on Saturday 91-80, dropping to 0-3 on the season.ESPN - Sports -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
How should countries deal with falling birth rates?
As the UK and US continue to see falling birth rates, options to deal with the issue are limited.BBC News - Top stories -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.CNBC - Business -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
Norwegian Cruise’s stock rises as profit outlook raised for 2nd time in 3 weeks
Norwegian Cruise Line’s stock rallied Monday, after the cruise operator raised its full-year profit outlook, again, citing continued “very strong demand.”MarketWatch - Business -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
English universities face severe deficits if student numbers fall, says OfS
Watchdog says growth forecasts are ‘not credible’ as ministers consider further curbs on international applicationsFinancial Times - Business -
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GTA 6 Release Date Now Set For Fall 2025
Big news for Grand Theft Auto VI today, as Take-Two has confirmed that Grand Theft Auto VI will be released in Fall 2025. Previously, the game was targeting a release at some unspecified point in the year. This could be a delay for GTA VI, as ...GameSpot - Tech -
Grand Theft Auto VI release window updated to Fall 2025
Mark your calendars, Take-Two Interactive has update the release window for Grand Theft Auto VI to Fall 2025. GTA V also crossed 200M units.VentureBeat - Tech -
Fever fall to Liberty 102-66 in Caitlin Clark’s home debut
Breanna Stewart ruined Caitlin Clark’s regular season home debut by scoring 31 points to lead the New York Liberty to a 102-66 win in front of a sellout crowd of 17,247 on Thursday night.NBC News - Top stories -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Boy, 5, who died in fall from block of flats named
The Met Police and Newham Council are both conducting investigations over Aalim Makail's death.BBC News - Top stories -
UK engineering firm Arup falls victim to £20m deepfake scam
Hong Kong employee was duped into sending cash to criminals by AI-generated video call. Business live – latest updatesThe British engineering company Arup has confirmed it was the victim of a deepfake fraud after an employee was duped into sending ...The Guardian - World - United Kingdom -
The Fall Guy to Megalopolis: is 2024 the year of the box-office megaflop?
Last year’s Barbenheimer was hailed as saving cinema. Now takings are down and even franchises are falling flat. Can Hollywood manoeuvre itself out of this disaster zone?. In Hollywood, the first weekend of May is traditionally seen as the ...The Guardian - World -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
The making of Jimmy Anderson: ‘Like a golden nugget falling into your lap’
A phone call from an impressed parent helped ignite the storied career of England’s greatest ever fast bowler. It all started with a phone call. “It was highly unusual for Val to ring me. In fact I don’t think she ever did before or since, that ...The Guardian - World -
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Japan Government Bond Yields Climb on Expectations BOJ Could Reduce Bond Purchases
Japanese government bond yields rose on expectations the Bank of Japan could lower its bond buying in the coming months to support the weakening yen, Deutsche Bank Research said.The Wall Street Journal - World -
GTA 6 Boss "Highly Confident" In Fall 2025 Release Window
Take-Two recently announced that Grand Theft Auto VI is now targeting a release in Fall 2025, and CEO Strauss Zelnick is pretty sure the game will make it out on time.. "There is slippage in the industry, and we're not immune from that. However, ...GameSpot - Tech -
Damage Control for Tesla as European Leasing Companies React to Falling Fleet Values
Major car rental firms and leasing firms have complained about Tesla's servicing and repairs for years.Inc. - Business -
Oil prices fall as traders monitor developments in Iran after president's death
Ebrahim Raisi, president of OPEC's third-largest producer, died in a helicopter accident.CNBC - Business - Iran -
Palo Alto Networks’ stock falls after earnings as forecast fails to impress
The stock was down about 9% in after-hours action Monday. It lost 28% in the session after the last earnings report.MarketWatch - Business -
Peloton unveils convertible-debt refinancing, and its stock falls 3%
Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company’s stock 3.3% lower in the after-hours session.MarketWatch - Business -
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.CBS News - Top stories - Mortgage -
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 -
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business -
Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
Americans are increasingly falling behind on their credit card payments, recent reports show.CNBC - Business -
Eli Lilly falls on a rival's obesity study — plus, we're removing 3 stocks from our watchlist
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business