Quarter Sales Expectations
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UBS shares pop 9% as Swiss bank returns to profit after Credit Suisse takeover
It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.CNBC - Business -
UBS reports first quarterly profit since Credit Suisse takeover
Shares in Swiss lender climb as wealth management business helps drive better than expected earningsFinancial Times - Business -
Spirit Airlines’ stock slides nearly 10% after air carrier’s quarterly loss, weak guidance
Airline is now focused on its future as a standalone business after its planned merger with JetBlue was called off in March.MarketWatch - Business -
Apple's revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.
Apple’s revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.The Wall Street Journal - World -
FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Treasury Yields Fall on Weaker-Than-Expected Payrolls
Treasury yields fell, push down by weaker-than-expected payrolls.The Wall Street Journal - World -
Texas Democrat declares innocence ahead of expected indictment
Rep. Henry Cuellar (D-Texas) addressed an expected indictment following reports the Justice Department is preparing charges against him, saying he is “innocent of these allegations” and still plans to seek reelection. The Justice Department ...The Hill - Politics -
The age of the solar sail is arriving sooner than expected
A working solar sail system creates a range of possibilities for cheap planetary missions.The Hill - Politics -
Boy Is Found Dead in Texas After Being Swept Away in Floodwaters
A 4-year-old boy died on Sunday in Johnson County, Texas, after being swept away by floodwaters, the authorities said.The New York Times - Top stories -
BP shareholders expect oil group to scale back climate target
Investors believe chief executive is prepared to be flexible as demand for oil and gas continues to growFinancial Times - Business - Climate -
Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance
Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.CNBC - Business -
BP to Cut Costs as Posts Fall
BP plans to cut at least $2 billion in costs after its first-quarter profits were hit by lower prices and a U.S. refinery outage, missing market forecasts.The Wall Street Journal - Business -
Stormy Daniels expected to testify at Trump trial today
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.CBS News - Politics - Donald Trump -
Stormy Daniels expected to testify in Trump trial
Stormy Daniels expects to be called to testify in Donald Trump's New York criminal trial on Tuesday, sources say. The adult film star received a "hush money" payment in 2016 to buy her silence about an alleged sexual encounter with Trump. Attorney ...CBS News - Top stories - Donald Trump -
Wall Street Bonuses Expected to Rise This Year
A buoyant stock market, an IPO uptick,and rising investment banking deal counts will meanpayouts as much as 25 percent higher than 2023.Inc. - Business -
'Nobody expected this' - Dortmund target Wembley win
Despite a disappointing domestic campaign, Borussia Dortmund are one game away from becoming European champions for the second time.BBC News - Top stories -
Reddit beats expectations in first results as a public company
Social media site reports strong user growth but cautions that US election could affect advertisingFinancial Times - Business -
Record temperatures expected to continue to drive extreme weather
Heat remains trapped by rising greenhouse gas concentrations despite cooling Pacific Ocean, scientists sayFinancial Times - World -
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities tradingFinancial Times - Business -
The bar is creeping higher for second-quarter earnings
One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.MarketWatch - Business -
Asia ESG fund flows plummet in first quarter
Strong inflows to Taiwan’s sustainable vehicles help offset heavy outflows from Hong Kong and SingaporeFinancial Times - World -
Bouygues Backs Guidance on Improved First Quarter
Bouygues said its operating profit from activities rose to €26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023.The Wall Street Journal - World -
Bouygues Backs Guidance on Improved First Quarter
Bouygues said its operating profit from activities rose to €26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023.The Wall Street Journal - Business -
UniCredit Upbeat on Outlook After Strong First Quarter
UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income.The Wall Street Journal - World -
UniCredit Upbeat on Outlook After Strong First Quarter
UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income.The Wall Street Journal - Business -
Miami Heat 2024 NBA offseason preview: Don't expect major changes
Heat Culture may mean a more cautious approach to retool around Jimmy Butler and Bam Adebayo.Yahoo Sports - Sports - NBA -
April Jobs Report Shows Slowing But Still Steady Hiring Pace
The Labor Department said employers added 175,000 jobs last month, a dip from March but another consecutive month that adds to the longest period of unemployment under 4 percent since the 1960s.Inc. - Business -
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business -
US economy adds 175K jobs in April, falling short of expectations
The U.S. economy added 175,000 jobs and the jobless rate ticked higher to 3.9 percent in April, according to Labor Department data released Friday. After several hotter-than-expected jobs reports, April's employment gains fell short of economists’ ...The Hill - Politics -
Young Pacers exceed expectations by advancing to Eastern Conference semifinals
Coach Rick Carlisle keep insisting the Indiana Pacers wanted to do more than just make the playoffsABC News - Sports -
What can we expect from the final Gavin and Stacey?
The Christmas special in 2019 left 17.1 million viewers on tenterhooks with a cliffhanger ending.BBC News - Top stories