Uncertain Outlook
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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 -
Puma Confirms Outlook Despite Continued Volatility
Puma forecast an operating result of €620 million-€700 million for 2024, with analysts suggesting it should achieve sequential sales growth helped by some major sporting events.The Wall Street Journal - Business -
Bertelsmann Keeps Mixed Outlook After Revenue Drop
Bertelsmann said for 2024 it continues to expect a significant decline in revenue and earnings due to asset sales, but a moderate increase in both revenue and earnings from continuing operations.The Wall Street Journal - Business -
Megacap tech may be the ultimate ‘quality’ play in an uncertain economy, The ETF Store president suggests
Technology is currently the largest sector in the S&P 500 per FactSet, comprising nearly 30% of the index.CNBC - Business -
OG Anunoby injury update: Knicks forward's status uncertain after Game 2 hamstring injury
Anunoby was having a stellar Game 2 before tweaking his hamstring in the third quarterCBS Sports - Sports -
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 - Business -
Intel Lowers Sales Outlook After China Chip Licenses Revoked
The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.The Wall Street Journal - World - China -
If the economic outlook is so good, why are people tapping their 401(k)s?
Bank of America has suddenly reported a sharp jump in the size of loans and hardship withdrawals from its 401(k) plansMarketWatch - Business -
Intel Lowers Sales Outlook After China Chip Licenses Revoked
The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.The Wall Street Journal - Business - China -
Duolingo’s longer-term forecast gets brighter, but short-term outlook disappoints
Duolingo Inc. on Wednesday said it saw a jump in demand in the first quarter, but investors appeared more concerned about the second, even as the language-learning app offered up more optimism further out.MarketWatch - Business -
Fitch cuts NYCB’s debt rating deeper into junk territory but says outlook remains stable
Analyst cites “weaker earnings and profitability profile in addition to execution risk.”MarketWatch - Business -
Ranking rookie QBs with best long-term outlook. No. 1 may surprise you
The quarterback business is unforgiving, just ask Zach Wilson. Charles Robinson looks at the factors that can outline a path for survival and ranks the top six.Yahoo Sports - Sports