Southwest Posts $220 Million Loss Last Quarter after Holiday Meltdown
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Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costsABC News - Top stories - Travel -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
Southwest Airlines considers ending open seating as loss widens, revenue falls short
Southwest Airlines Co.’s stock tumbled 9% Thursday after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates.MarketWatch - Business - Travel -
Microsoft Earnings Jump on AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.The Wall Street Journal - Tech - Microsoft -
Peacock Adds 3 Million Paid Subscribers as Comcast Posts Revenue Bump
The airing of an NFL Wild Card playoff game aided subscriber growth last quarter, and net profit increased 0.6% to nearly $3.9 billion. Both beat expectations.The Wall Street Journal - World -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Tech - Netflix -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines is one of Boeing's biggest customers and flies only 737s.CNBC - Business -
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025.NBC News - Top stories -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories -
Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.CNBC - Business -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Ford tops first-quarter earnings estimates as commercial unit offsets EV losses
Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.CNBC - Business -
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.CNBC - Business -
Van Dijk questions desire of team-mates after loss
Liverpool captain Virgil van Dijk questions his side's desire to win the Premier League after a damaging defeat against Merseyside rivals Everton.BBC News - Top stories -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
Alphabet shares jump 14% on earnings beat, first-ever dividend
Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.CNBC - Business -
Intel shares fall after company provides weak forecast for the current quarter
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.CNBC - Business -
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.CNBC - Business -
Liverpool's Premier League title hopes likely over after Merseyside derby loss to rivals Everton
Liverpool lost 2-0 to their rivals, putting them three points behind league leaders ArsenalCBS Sports - Sports - Premier League -
Jurgen Klopp apologizes after Liverpool's shock loss to Everton: 'We should have done better'
The Reds have to be near-perfect the rest of the way and get some help to win the leagueCBS Sports - Sports -
Sixers starter Kelly Oubre reportedly crashed Lamborghini after Game 2 loss
No injuries were reported in the two-car crash.Yahoo Sports - Sports -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot
Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. economic growth slowed to 1.6%.MarketWatch - Business -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
Southwest closing operations at four airports
Southwest is closing operations at four airports because of delivery delays for Boeing airliners. The cutback comes as the airline reported a first-quarter loss of $231 million, and said it will also limit hiring and offer voluntary leave to ...The Hill - Politics -
Southwest Quits Four Airports in Cost-Cutting Drive
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.The New York Times - Business -
White House doesn’t want to touch House speaker drama
Even though Johnson helped move his foreign policy aid package, the president isn’t going to intervene on a conservative effort to oust him.Politico - Politics - House -
White House doesn’t want to touch House speaker drama
Even though Johnson helped move his foreign policy aid package, the president isn’t going to intervene on a conservative effort to oust him.Politico - Politics - House -
White House doesn’t want to touch House speaker drama
Even though Johnson helped move his foreign policy aid package, the president isn’t going to intervene on a conservative effort to oust him.Politico - Politics - House -
White House doesn’t want to touch House speaker drama
Even though Johnson helped move his foreign policy aid package, the president isn’t going to intervene on a conservative effort to oust him.Politico - Politics - House -
Team Biden Is Posting Through the Looming TikTok Ban
President Joe Biden may have signed the TikTok ban bill into law, but his campaign is still active on the Chinese-owned app.Wired - Tech - Joe Biden -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - Business -
It's One of the Last Pristine Coral Reefs on Earth. Should We Be Visiting It?
The Raja Ampat archipelago of Indonesia looms large in the imaginations of underwater adventurers. But by visiting its relatively untouched reefs are we protecting them—or threatening them?The Wall Street Journal - World -
It's One of the Last Pristine Coral Reefs on Earth. Should We Be Visiting It?
The Raja Ampat archipelago of Indonesia looms large in the imaginations of underwater adventurers. But by visiting its relatively untouched reefs are we protecting them—or threatening them?The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
‘I just want to be pampered’: Ronnie O’Sullivan says he is open to offers
World No 1 ups the ante amid rumours of a rival tourO’Sullivan cruises into second round with 10-1 win over PageRonnie O’Sullivan declared himself open to offers amid rumours of a rival snooker tour and warned he would walk away from the sport if ...The Guardian - World