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Tuesday, May 7
by
SRN News
Futures subdued as Walt Disney results fail to excite investors
By Sruthi Shankar and Shristi Achar A (Reuters) – Futures tracking U.S. stock indexes were largely muted after Walt Disney slipped following second-quarter results, while expectations of the Federal Reserve’s interest rate cuts this year lent support to the market. ...
Tuesday, May 7
by
SRN News
Disney’s surprise streaming entertainment profit offset by weaker TV business
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 6% before the bell on Tuesday. Like other ...
Tuesday, May 7
by
SRN News
Spirit Aero burns more cash as 737 output drops
(Reuters) -Spirit AeroSystems reported a higher first-quarter cash burn on Tuesday, squeezed by lower 737 production at the aerospace supplier’s biggest customer, Boeing. Cash burn was $444 million in the three months ended March 28, from $69 million a year earlier, the Wichita, Kansas-based company ...
Tuesday, May 7
by
SRN News
Ferrari sticks to 2024 guidance after Q1 earnings rise
MILAN (Reuters) -Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year but its shares fell as the luxury sports car maker failed to excite investors despite what its CEO called a “very positive” start of the year. The ...
Tuesday, May 7
by
ABC News
Interest rates may stay high for longer. Here’s what it means for the 2024 election.
(NEW YORK) -- At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts at the Federal Reserve that might send economic output even higher.Since then, ...
Tuesday, May 7
by
ABC News
More people support than oppose a TikTok ban; frequent users, young adults push back: POLL
(NEW YORK) -- Young adults and frequent users push back against the federal government forcing a sale of TikTok or banning the social media app in the United States, but older adults, infrequent users and nonusers are on board, resulting in a tilt toward ...
Tuesday, May 7
by
ABC News
Some Planters nuts recalled for potential listeria contamination
(NEW YORK) -- Publix and Dollar Tree shoppers should check their pantries for two types of Planters brand nuts that were recently recalled across five states.In a company announcement dated May 3 and posted on the U.S. Food and Drug Administration website, Planters' parent ...
Tuesday, May 7
by
SRN News
Disney’s streaming business turns profitable in first financial report since challenge to Iger
The Walt Disney Co. moved to a loss in its second quarter, hampered by restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well. While Disney said Tuesday that it ...
Tuesday, May 7
by
SRN News
US seeks information from Tesla on how it developed and verified whether Autopilot recall worked
DETROIT (AP) — Federal highway safety investigators want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot partially automated driving system. Investigators with the U.S. National Highway Traffic Safety ...
Tuesday, May 7
by
SRN News
Apple expected to show new iPads and possibly a new chip
By Stephen Nellis (Reuters) – Apple plans to hold a virtual event on Tuesday where it is expected to show new iPad models, some of which could come with a new chip aimed at speeding up artificial intelligence tasks carried out ...
Tuesday, May 7
by
SRN News
Ferrari’s core earnings rose in Q1, sticks to FY guidance
MILAN (Reuters) – Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year as the luxury sports car maker was supported by pricing power and product mix, as well as by a greater contribution ...
Tuesday, May 7
by
SRN News
Duke Energy beats first-quarter profit estimates on higher rates
(Reuters) – Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity. Income from Duke’s electric utilities segment jumped 29% to $1.02 billion. “We have a clear path forward ...
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