Spotify Hits Record Quarterly Profit
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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 -
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 -
Why the Dow Keeps Hitting New Records
The DJIA has just hit 40,000—but didn’t it just reach 30,000 three years ago? The Dow’s milestones keep coming faster and faster. WSJ’s Gunjan Banerji explains why.The Wall Street Journal - World -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
S&P 500, Nasdaq Hit New Records
Shares of Macy’s rose, while Lowe’s stock fell after the retailers reported results.The Wall Street Journal - World -
$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 -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Gold prices hit a new record high: 5 moves to make now
Gold prices have climbed above $2,430 per ounce. Here are the moves to make to capitalize on today's high price.CBS News - Top stories -
Global stocks hit record highs as more countries join in the rally
More global stocks are joining in the rally, and that’s a good thing — especially for U.S. markets.MarketWatch - Business -
Comex Gold, Silver Settle Lower
Gold fell 0.5% from its record high to settle at $2,421.70 per troy ounce.The Wall Street Journal - World -
Rafael Devers hits home run in record 6th straight game to lift Red Sox past Rays
Rafael Devers is now just two home runs shy of matching MLB’s all-time record.Yahoo Sports - Sports - MLB -
Eli Lilly’s stock on pace for record close as Crohn’s disease trial hits the mark
Eli Lilly shares were on pace for a record closing high Tuesday after the drugmaker released data from a late-stage Crohn’s disease trial and struck a deal to develop new cancer-targeting medicines.MarketWatch - Business -
Baidu Posts Quarterly Beat, Helped by AI Pursuits
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - Business -
Generali Outlook on Track After Quarterly Beat
Generali backed its financial targets after it reported better-than-expected results for the first quarter, with solid growth across all of its business.The Wall Street Journal - World -
XPeng Narrows Quarterly Loss on Better Sales, Margins
The Chinese electric-vehicle maker guided for a rise in second-quarter vehicle deliveries after its first-quarter net loss narrowed on higher sales and improved margins.The Wall Street Journal - World -
Wall Street strategists rush to revise their S&P 500 targets as stocks hit fresh records. Here’s what they see happening.
The stock market’s renewed record-setting rally has blindsided Wall Street’s top strategists, prompting many to swiftly revise their year-end S&P 500 targets in an effort to keep pace with a surge that has far exceeded expectations from earlier ...MarketWatch - Business -
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 -
The Dow closed above 40000 for the first time, a day after eclipsing the mark on an intraday basis. For the week, the Dow, S&P 500 and Nasdaq rose 1.2%, 1.5% and 2.1%, respectively, and all remain at or near records hit during the week.
The Dow closed above 40000 for the first time, a day after eclipsing the mark on an intraday basis. For the week, the Dow, S&P 500 and Nasdaq rose 1.2%, 1.5% and 2.1%, respectively, and all remain at or near records hit during the week.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 -
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 -
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 -
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Here's how Disney’s streaming business can work toward Netflix-like profitability
Disney would love to have streaming margins like Netflix, CEO Bob Iger has said. Here are levers Disney can pull to eventually get there.CNBC - Business -
Nasdaq Reaches Record to Start Week
Tech stocks led the Nasdaq Composite to a new high as investors continued to bet on the strength of U.S. consumers and rate cuts. The Dow slipped 0.5% ahead of retailers’ earnings.The Wall Street Journal - World -
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.The Wall Street Journal - World -
America Hits the Global Snooze Button
In an increasingly alarming world, the West can’t afford to rest for much longer.The Wall Street Journal - World -
Schauffele equals major record as McIlroy & MacIntyre shine
Rory McIlroy and Robert MacIntyre start well at the US PGA Championship as American Xander Schauffele sets the early pace at Valhalla.BBC News - Top stories -
Agüero record broken by 14-year-old in Argentina
Aged 14 years and 29 days, Deportivo Riestra midfielder Mateo Apolonio shattered a historic record on Thursday, becoming the youngest player ever to appear in Argentina's First Division.ESPN - Sports -
Channel crossings since start of year at record high
The number of migrants crossing the Channel since January 1 is 9,681, according to Home Office data.BBC News - Top stories -
What makes Billie Eilish's records 'eco-friendly'?
The singer promised Hit Me Hard And Soft would be her most environmentally conscious album yet.BBC News - Top stories -
Very special to equal Senna pole record - Verstappen
Max Verstappen says it was “very special” to equal Ayrton Senna’s all-time record of eight consecutive pole positions at the Emilia Romagna Grand Prix.BBC News - Top stories -
Prem sets goals record on final day with 1,246
By the end of Sunday's action in the Premier League, a total of 1,246 goals were scored for the season, the highest tally ever in the history of the league.ESPN - Sports -
Warning over Asian hornets after record sightings
There have been 108 sightings of Asian hornets since 2016, of which 56 were in 2023.BBC News - Top stories -
‘It became a beacon of hope’: the incredible story of Stax Records
A new docuseries traces the highs and lows of the Memphis record label, soaring with major acts like Otis Redding and Isaac Hayes but a victim of both capitalism and racism. During its breakout phase in the mid-1960s, Stax Records seemed to be ...The Guardian - World -
Stock Records Are Sending Bears Into Hibernation. There's Reason for Concern
The most prominent pessimist, Morgan Stanley's CIO, has joined the bulls.Inc. - Business -
Ronaldo in Portugal squad for record 6th Euros
Cristiano Ronaldo will play at a record sixth European Championship after being named in Portugal's squad for this summer's tournament in Germany.ESPN - Sports -
Xander Schauffele breaks PGA Championship scoring record with a 62, ties major championship record
Xander Schauffele breaks PGA Championship scoring record with a 62, ties major championship recordABC News - Sports -
Suit: Bad Bunny's agency hit with 'death penalty'
Rimas Sports, the agency founded by recording artist Bad Bunny, is accusing the Major League Baseball Players Association of "placing a death penalty" on the agency, according to a federal lawsuit the company filed Thursday.ESPN - Sports