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Business

“Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election”

“…The sporting goods store comes behind a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year as companies prepare for the presidential election in November and what some fear could lead… Continue Reading…

Economy

“Cost-of-Living Crisis Hits Sales of Food, Cars, Luxury Goods”

“…Nestle SA, the world’s biggest food company, cut its revenue outlook for the year on Thursday, while Unilever Plc reported sales that missed estimates and Jeep-owner Stellantis NV posted a plunge in profit. A day before, US appliance maker Whirlpool… Continue Reading…

Stocks

“Shares of Dick’s Sporting Goods soar 15% on holiday earnings beat, dividend raise”

“… …” https://www.cnbc.com/2024/03/14/dicks-sporting-goods-dks-earnings-q4-2023.html

Business, Economy

“$10 toothpaste? U.S. household goods makers face blowback on price hikes”

“…Get ready for the $10 tube of toothpaste. Colgate-Palmolive Co (CL.N) CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product “vital” to… Continue Reading…

Stocks

“Pinterest ‘more than delivered the goods’ in its blowout quarter, stock soars”

“Shares of Pinterest surged more than 31% in premarket trading Thursday, as investors rallied around the company’s blowout third quarter earnings that indicated advertising demand revved up after a difficult period….   Shares in tech companies Snap, Facebook, Google-parent Alphabet, Amazon and Twitter were also up in the premarket, helping recover some… Continue Reading…

Economy

“U.S. durable-goods orders leap 11.2% in July on strong demand for cars and trucks”

“Orders for durable goods lasting at least three years surged 11.2% in July largely because of strong consumer demand for new cars and trucks, but business spending outside the auto industry was softer and investment grew more slowly. The increase… Continue Reading…