Dow Jones Newswires: STMicroelectronics revenue, profit jump on automotive, microcontrollers strength
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Delta sees record revenue as business travel accelerates, but stock turns lower
Delta Air Lines’ stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat — and record revenue — fueled by accelerating business-travel demand.MarketWatch - Business -
Goldman traders help fuel 28% profit increase
Wall Street bank surpasses estimates by almost $1bn as investment banking and trading arms report strong resultsFinancial Times - Business -
Goldman Sachs First-Quarter Profit Jumps 28%
The company beat earnings expectations, boosted by investment bankingThe Wall Street Journal - World -
Goldman Profit Jumps 28%, Fueled by Investment Banking
The results beat expectations, pushing shares up 3% premarket. Fees earned from underwriting boosted investment-banking revenue.The Wall Street Journal - World -
A Slimmer Goldman Sachs Posts Hefty Jump in Profit
The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.The New York Times - Business -
CSX Revenue, Profit Fall Despite Rising Freight Volumes
Intermodal volume led the railroad’s volume gains in the first quarter with 7% year-over-year growth.The Wall Street Journal - World -
Johnson & Johnson tops quarterly profit estimates as medical device sales jump
The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.CNBC - Business -
Las Vegas Sands profit jumps in first quarter, thanks to tourism rebound
Las Vegas Sands’ profit surged in the first quarter as post-pandemic growth at the company’s resorts continued to lift results.MarketWatch - Business -
Shares of U.K.’s biggest grocer jump 6% on profit boost and £1 billion buyback
The FTSE 100 company, which has a 27.3% share of the U.K. grocery market, recorded a 7.2% increase in sales to $61.5 billion for the year to February.MarketWatch - Business -
Oil price falls despite Middle East tensions; Tesla ‘to cut 10% of staff’; Goldman Sachs profits jump – business live
Brent crude dips to $90 per barrel as markets monitor Israel-Iran, while 14,000 jobs could be cut at Tesla. Middle East crisis live: Israel calls for new sanctions on Iran at heated UN security council meetingTesla to cut 14,000 jobs as Elon Musk ...The Guardian - World -
Goldman Sachs's first-quarter profit jumped 28%, bolstered by strong performance in investment banking and the firm's growing wealth-management business.
Goldman Sachs’s first-quarter profit jumped 28%, bolstered by strong performance in investment banking and the firm’s growing wealth-management business.The Wall Street Journal - World -
Top Companies for Financial Strength
Apple heads this list from the Management Top 250, followed by Microsoft and AlphabetThe Wall Street Journal - World -
Top Companies for Financial Strength
Apple heads this list from the Management Top 250, followed by Microsoft and Alphabet.The Wall Street Journal - Business -
Dow Advances as Markets Stabilize
U.S. stocks edged higher, with the Dow industrials leading gains, as investors cheered earnings from Morgan Stanley and UnitedHealth and digested comments from Fed Chair Jerome Powell.The Wall Street Journal - World -
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.
JPMorgan Chase, Wells Fargo and Citigroup all reported better-than-expected first quarter profits and revenues but warned that their core lending incomes would be muted this year as higher interest rates force them to pay up for deposits.The Wall Street Journal - World -
Robinson's 'strength, courage' hailed across MLB
Major League Baseball is marking the 77th anniversary of Jackie Robinson breaking the sport's color barrier.ESPN - Sports - MLB -
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Stocks Fall; Gold Hits Another Record
Investors are awaiting consumer-price-index data, which will show whether a bounceback in price pressures at the start of 2024 continued in March.The Wall Street Journal - World -
Keira Walsh is England’s biggest strength – but risks becoming a weakness
England’s victory over the Republic of Ireland was a timely reminder of how much damage Keira Walsh can do when she gets the time and space to operate.Yahoo Sports - Sports -
Jobless claims retreat again to 211,000 in another sign of labor-market strength
New unemployment filings are extremely lowMarketWatch - Business -
Silver has outpaced the strength of gold’s gain so far this year
Silver prices have gained ground on the heels of a rally in gold, with prices for the white metal on Thursday settling at a nearly three-year high and outpacing the strength of gold’s gain in the year to date.MarketWatch - Business -
Best weightlifting shoes to get more out of your strength training sessions
Improve your stability and range of motion with the best weightlifting shoes you can buy in 2024.CBS Sports - Sports -
U.S. Stocks Slide On Tech Weakness
U.S. stocks fell again as investors don’t expect a rate cut from the Fed anytime soon.The Wall Street Journal - World -
UnitedHealth beats on revenue despite impact from cyberattack
UnitedHealth Group announced first-quarter results that beat analysts' expectations for revenue.CNBC - Business -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
Dow Falls, Logs Worst Week Since March 2023
The S&P 500 fell 1.5% as investors digested earnings from financial companies including JPMorgan and BlackRock.The Wall Street Journal - World -
Apple’s stock was the Dow’s biggest winner this week — for the first time since November
Apple Inc.’s weekly stock gain wasn’t too much to write home about in the absolute, but it was good enough to be the largest in the Dow Jones Industrial Average.MarketWatch - Business -
Women's Six Nations: 14-player England score eight tries v Scotland - reaction
Watch live coverage and follow text updates as Scotland take on defending champions England at Hive Stadium in Edinburgh.BBC News - Top stories -
Constellation Brands 4Q Sales Beat Estimates With Help from Beer Demand Strength
The producer of Modelo Especial and Pacifico posted better-than-expected sales in its latest quarter as strength in its beer brands helped offset challenges faced among its wine and spirits portfolio.The Wall Street Journal - World -
VAT turns 70 and still brings in much of France’s tax revenue
The Value Added Tax, introduced to simplify revenue collection after WWII, is a mainstay of France – and Europe’s – fiscal policy, bringing in a large part of state revenue. As an ‘invisible’ consumption tax that applies to everyone regardless of ...Yahoo Sports - Sports -
Norfolk Southern’s revenue will take a Baltimore bridge hit. This is what it means for CSX.
The shockwaves from the collapse of the Francis Scott Key Bridge in Baltimore continue to reverberate through the rail industry.MarketWatch - Business -
Department stores face another squeeze. This time, with store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.CNBC - Business -
Publicis Flags Tech Rebound as Revenue Growth Beats Expectations
Publicis reported a 5.3% rise in first-quarter revenue, helped by new business wins and what it called a clear rebound in the technology sector.The Wall Street Journal - World -
CarMax’s stock drops 9% after it misses analyst estimates for net income and revenue
CarMax cited economic uncertainty as it extends its long-term sales target of 2 million units a year.MarketWatch - Business -
Beer sales helped Constellation Brands, but wine and spirits revenues stayed weak
The parent company of Corona and Modelo beers cites nearly 11% net sales growth from its beer business as positive highlightMarketWatch - Business -
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.CNBC - Business -
Charles Schwab’s stock turns higher after earnings beat, signs of ‘green shoots’
Asset-management revenue beats expectations, but trading revenue and deposit account fees miss.MarketWatch - Business -
Morgan Stanley Earnings Rise on Higher Investment Banking Revenue
The company’s profit rose 14%, as investment banking received a boost from stronger equity and debt underwriting. Shares rose 2.7% premarket.The Wall Street Journal - World -
Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown
Revenue for the first three months of the year came in at €20.69 billion, down 2%.The Wall Street Journal - World -
Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown
Revenue for the first three months of the year came in at €20.69 billion, down 2%.The Wall Street Journal - Business