The Broward NAACP and Public Defender’s Office strongly urged Friday that a Fort Lauderdale police officer be fired after a police investigation determined he spewed racial slurs and instigated a fight with group of Black men outside a club following a night of drinking. Last month, Fort Lauderdale Police Chief William Schultz and a civilian […]
By Shivansh Tiwary (Reuters) -Southwest Airlines flagged ongoing struggles with pricing in its second quarter on Wednesday, despite expectations for record summer travel demand in the United States. The low-cost carrier lowered its expectations for revenue per available seat miles (RASM) – a key proxy for pricing power – even though it expects record revenue […]
LONDON (Reuters) – British banks received a record 21.347 billion pounds ($27.01 billion) in funds from the Bank of England at its weekly short-term repo on Thursday, marking the 11th time in the past 14 repos that usage has set a fresh record high. Usage of the repo, which allows banks to temporarily borrow cash […]
ETH Zurich is celebrating big news from two battery companies that are spin-offs of university research. They are leveraging Swiss industry expertise that involves novel layered production techniques. BTRY is the maker of an ultra-thin solid-state battery that “charges in minutes [and] stores for years,” per the designers. 8inks offers a battery manufacturing process that […]
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports are expected to have risen for a ninth consecutive month in June, with semiconductor sales to the U.S. leading the increase, although the growth rate likely slowed on calendar effects, a Reuters poll showed on Thursday. Exports in June from Asia’s fourth-largest economy are forecast to […]
(Reuters) -Chipmaker Micron Technology beat estimates for third-quarter revenue on Wednesday, driven by a surge in demand for its memory chips from the booming AI industry and improved pricing in other markets. However, shares of the Idaho-based firm fell 7.2% in extended trading after it forecast fourth-quarter revenue largely in line with expectations. Investors had […]
Editor’s Note: The views expressed in this commentary are solely those of the writer. CNN is showcasing the work of The Conversation, a collaboration between journalists and academics to provide news analysis and commentary. The content is produced solely by The Conversation. As one of the leading causes of death in the U.S., kidney disease […]
(Reuters) -Cheerios cereal maker General Mills forecast annual profit below estimates on Wednesday and posted a bigger-than-expected drop in quarterly sales hurt by lower demand for its snack bars and pet food, as well as higher input costs. The company also expects annual dollar value growth in its businesses to be below its long-term projections, […]
Shares of Pool Corporation (POOL) are falling after the company revised its 2024 earnings guidance, citing slower-than-expected demand during the summer swimming season. Yahoo Finance Hosts Julie Hyman and Josh Lipton report more on the story and other companies being affected by the weak demand, including Pentair (PNR). For more expert insight and the latest […]
The resurgence of jet fuel production to pre-COVID levels in the United States signals a robust recovery in the aviation sector, which has a broader impact on various facets of the economy. This surge is fueled by a booming demand for air travel, with U.S. refiners ramping up production to meet this unprecedented need. Recent […]
(Reuters) -Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand for cruise holidays to destinations such as the Caribbean and Alaska. The company’s U.S.-listed shares, which have fallen more than 11% this year, rose 6.5% to $17.45. 2024 has […]
(Reuters) – Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand for cruise holidays to destinations such as the Caribbean and Alaska. The company’s U.S.-listed shares, which have fallen more than 11% this year, rose 6% in early trading. […]