Southwest Posts Quarterly Loss and Warns More Losses Are Ahead
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Rivian’s losses widen and stock falls 5%, but execs see profit outlook improving
Rivian reveals a mixed quarter, and stock drops in the after-hours session.MarketWatch - Business -
Lucid posts bigger loss, but keeps production guidance intact
Lucid kept its 2024 production guidance at 9,000 EVs.MarketWatch - Business -
Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth
Reddit’s first earnings report as a public company showed leaps in users and advertising revenue, along with expenses related to its initial public offering.The New York Times - Tech -
Spirit Airlines’ stock slides nearly 10% after air carrier’s quarterly loss, weak guidance
Airline is now focused on its future as a standalone business after its planned merger with JetBlue was called off in March.MarketWatch - Business -
Sadiq Khan wins historic third term as London mayor
Andy Burnham’s re-election in Manchester cements Labour gains across the countryFinancial Times - Business -
Xi’s visit stress-tests Macron’s plans for a sovereign Europe
France’s drive for ‘strategic autonomy’ must overcome suspicion of Paris within the EUFinancial Times - Business -
Reddit shares soar on revenue beat, narrower-than-expected loss in first post-IPO results
Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss for the first quarter.MarketWatch - Business -
Disney Pares Streaming Losses; Shares Fall on Loss, Earnings Outlook
The entertainment giant added streaming customers as it swung to a loss as a result of a charge from an India media venture.The Wall Street Journal - Business -
The Loss in Gaza Captured in One Photo
Every death of a child from the war in Gaza is a preventable tragedy.The New York Times - Top stories -
'Frustrating': Lillard laments injuries after loss
Damian Lillard returned from his right Achilles injury, but the Bucks lost to the Pacers to end their season. Giannis Antetokounmpo missed the entire playoff series because of a left calf strain.ESPN - Sports -
Conservatives battered in local elections as losses mount
Labour hails ‘seismic’ by-election result as Tories haemorrhage council seats but hold on to Tees ValleyFinancial Times - Business -
OPEC+ Likely to Extend Output Curbs Beyond 2Q, JPMorgan Says
OPEC and its allies are likely to extend their voluntary production cuts beyond the second quarter at their upcoming meeting in June, according to JPMorgan.The Wall Street Journal - World -
In southern Brazil, flood victims cope with total loss
Yahoo News - World - Brazil -
'Embarrassing' Burnley 'doomed' after heavy loss
Burnley's 12th defeat at home this season means they are five points adrift of 17th-placed Nottingham Forest with two games remaining.BBC News - Top stories