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Business

“Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects”

May 28, 2024

“Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items… Lowe’s stuck by its full-year forecast. It said it expects total sales of between $84 billion and $85 billion, which would be a… Continue Reading…

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Business

“Target lowering prices on 5,000 items in bid to lure more shoppers”

May 20, 2024

“Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have… Continue Reading…

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Business

“Walmart Sales Surge as Wealthier Shoppers Flock to Retailer”

May 20, 2024

“…Sales rose 3.8% at US Walmart stores open at least a year for the quarter ended April 26, higher than what Wall Street was anticipating… …“We are seeing customers trade into Walmart,” Chief Financial Officer John David Rainey said in… Continue Reading…

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Business

“Fintech firm Klarna says 90% of its employees are using generative AI daily”

May 15, 2024

“… …” https://www.cnbc.com/2024/05/14/klarna-says-90percent-of-its-employees-are-using-generative-ai-daily.html AI is the future. Get ready for it.

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Business

“Utah teacher, 42, sues AstraZeneca claiming she was left permanently disabled by its Covid vaccine – in first of its kind lawsuit in US”

May 15, 2024

“An American woman who took part in the clinical trial for AstraZeneca‘s Covid vaccine is suing the company, claiming the shot left her ‘permanently disabled’…” https://www.dailymail.co.uk/health/article-13416585/utah-teacher-astrazeneca-lawsuit-covid-vaccine-disabled.html Listen. I hate to break this to everyone but the Covid vaccine is a bio-weapon.… Continue Reading…

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Business

“Airlines Sue US Over Fee Disclosure Rules, Citing Overreach”

May 15, 2024

“Several major US airlines and their lobbying group sued the US Transportation Department over new regulations mandating up-front disclosure of certain fees, in a fight over rules the agency says could mean big savings for travelers… The final rules, unveiled last month,… Continue Reading…

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Business, Stocks

“Squarespace to go private in $7 billion private-equity deal”

May 15, 2024

“Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. Permira agreed to pay $44 per share in cash, a roughly 30% premium to… Continue Reading…

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Business

“Streaming Was Supposed to Rescue the Ailing TV Ad Business. It Hasn’t.”

May 14, 2024

“…The move marks an important inflection point. TV commercials have long stood as the cornerstone of modern advertising. This dominance was owed, in part, to TV’s capacity to reach vast and diverse audiences through ads that leverage sound, sight and… Continue Reading…

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Business

“TSMC’s April Sales Jump 60% on Sustained Demand for AI Chips”

May 14, 2024

“…The world’s largest contract chipmaker is running well ahead of estimates for revenue growth in the current quarter, after sales increased by 34.3% in March, buoyed largely by insatiable appetite for AI semiconductors. The global smartphone industry returned to growth… Continue Reading…

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Business

“Sinclair explores selling roughly 30% of its broadcast stations, sources say”

May 14, 2024

“…The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are… Continue Reading…

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