Conventional wisdom holds that the island of Rapa Nui, also known as Easter Island, once had a large population that crashed after living beyond its means and stripping the island of resources. A new research study my colleagues and I conducted has struck another blow to this notion by using artificial intelligence to analyze satellite […]
A better-than-expected jobs report on Friday displayed the resilient strength of the U.S. economy, even after years of high interest rates and stubborn inflation. Employers hired 272,000 workers last month, blowing past economist expectations of 190,000 jobs added, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked up to 4%, reaching that level […]
(Reuters) – PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter. Consumer spending has shown remarkable resilience even as economic worries clouded the outlook for the payments sector for months. Though lower-income brackets have […]
April 30 (Reuters) – PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter. Consumer spending has shown remarkable resilience even as economic worries clouded the outlook for the payments sector for months. Though lower-income […]
Chipotle rang up another bowl of positive earnings on Wednesday afternoon. For its first quarter, revenue grew 14.1% to $2.7 billion, with same-store sales jumping by 7%, higher than estimates of 5.13%. The company also beat expectations on the bottom line, with adjusted earnings per share coming in at $13.37, compared to estimates of $11.66. […]
Record-breaking heat, rising sea levels, increasingly extreme weather and more are fueled by the human-made climate crisis. It doesn’t feel like a great time to be raising children, or having them in the first place. But maybe it still is, if we can counter fear with knowledge and hope. I chatted with Bill Weir, CNN’s […]
Equatic, a California-based startup, is testing new technology that simultaneously removes carbon dioxide from the ocean and the air while producing hydrogen as a fuel alternative. As detailed by Bloomberg, the company is starting to build a new plant in Singapore to scale its process of carbon removal to help offset its own pollution. Once […]
Mar. 15—Areas around Indian Lake in Logan County — including Lakeview, Russells Point and the Midway area between them — were devastated by a powerful tornado Thursday night, causing three confirmed deaths and multiple injuries. Gov. Mike DeWine said at a press conference Friday he feels for those impacted by the tornado, but he quickly […]
“We’ve said for quite some time now, it has been a resilient consumer.” That was the comment to me this week from Target (TGT) CEO Brian Cornell on his earnings day. Well, that along with his shout-out to $500 million in cost cuts last year ($1.5 billion is the longer-term goal). I happened to mention […]
(Bloomberg) — LVMH sales rose at the end of last year as wealthy shoppers treated themselves to the group’s pricey handbags and Champagne, a sign of resilience at the world’s largest luxury conglomerate. Most Read from Bloomberg Revenue grew 10% on an organic basis in the final three months of last year, the Paris-based company […]
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. JPMorgan, Bank of America, UnitedHealth and Delta Air headline Friday morning earnings. X The stock market rally showed resilience after a volatile morning following a hotter-than-expected CPI inflation report and the launch of Bitcoin ETFs. The Dow Jones hit a […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: One week into 2024, and investors are being hit with several truths. The first truth is that Magnificent Seven stocks don’t go up every single day (despite what December’s action showed…), and the […]