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Kering shares sink 9% after profit warning on declining Gucci sales
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.CNBC - Business -
Trucker ODFL Earnings Rise on Cost Cuts, Sales Growth
Old Dominion Freight Line reported a 2.6% rise in first-quarter profit even as it deals with continued softness in the domestic economy.The Wall Street Journal - World -
Canada Retail Sales Slip 0.1% in February, Seen Flat in March
The data support expectations that the country’s central bank will move to cut interest rates as soon as June.The Wall Street Journal - World -
Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump
Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.CNBC - Business -
U.S. Crude Oil Stockpiles Fall For First Time in Five Weeks
U.S. crude oil stocks fell by 6.4 million barrels last week, in the first withdrawal in five weeks while refineries increased their capacity useThe Wall Street Journal - World -
Biden Signs Foreign Aid Bill, Clearing Way for More Military Gear for Ukraine
Quickly dispatched U.S. military aid is expected to help Kyiv hold the lines, but not retake territory.The Wall Street Journal - World - Joe Biden -
Nooks raises $22M to empower sales reps with its AI-powered call platform
Nooks received new funding for its AI platform helping salespeople have more productive calls.VentureBeat - Tech -
How Football---and Instagram---Built the NBA's Next Superstar
The Minnesota Timberwolves’ Anthony Edwards has every move in the book. He got them off of his smartphone.The Wall Street Journal - World -
Noncompete Clauses: What They Are and What to Know Before Signing an Agreement
The FTC has issued a plan to ban noncompete clauses. Here’s what you need to know about them—and what to keep in mind before signing an agreement.The Wall Street Journal - World -
U.S. oil pulls back below $83 as more crude shipments arrive after delays due to Red Sea disruption
Traders are waiting for the latest U.S. petroleum inventory data with the market's focus shifting back to supply and demand fundamentals.CNBC - Business