The catalyst that sent the social media company plummeting was a profit warning that set off alarm bells about the state of the economy. In a regulatory filing after the market close on Monday, Snap -- the parent of Snapchat -- warned that the economic picture had become much more uncertain, causing the company to rein in both its revenue and profit guidance for the second quarter.
Strong Start to 2024 with Record First-Quarter Adjusted Net Revenue
Robust Performance Amidst Favorable Weather Conditions and Strategic Initiatives
Insights into Textron's Financial Performance and Strategic Moves
Performance Consistent with Analyst Projections, Focus on Strategic Acquisitions and Capital Deployment
Weakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help reaccelerate the business through 2024. "Although software acceleration is encouraging, this was offset by more significant-than-expected deterioration of Consulting, along with incremental FX headwinds expected for the rest of the year," analysts at J.P.Morgan said. IBM's software business grew 5.5% in the quarter and the company announced a $6.4 billion deal to buy cloud software company HashiCorp, aiming to make the most of an AI-led boom in demand for the data storage capabilities of the cloud.
Q1 2024 Financial Performance Review
Despite Net Loss, GE Vernova Demonstrates Strong Operational and Margin Improvements
Comprehensive Analysis of Caterpillar's Latest Financial Performance
The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.
It follows the government's decision to scrap key climate targets and its response to a review into gender services.
The food and drinks giant said pet products and coffee were selling well, while sales of frozen food and dairy products were slower.
ICICI Bank, one of India's top private banks, exposed the sensitive data of thousands of new credit cards to customers who were not their intended recipients. The Mumbai-based bank confirmed to TechCrunch Thursday that its digital channels "erroneously mapped" about 17,000 credit cards issued in the past few days to "wrong" users. The issue came to light after some customers raised concerns on social media about the bank's iMobile Pay app exposing unknown customers' credit card details, including their full number and card verification value (CVV).
The European Central Bank should no longer focus solely on keeping inflation under control, French President Emmanuel Macron said on Thursday, urging it to take on a decarbonisation target as well. Any formal changes to broaden the ECB's mandate are likely to meet stiff resistance from other euro zone members, including Germany, where the targeting price stability is of paramount importance. The ECB has long had a mandate to steer inflation towards a target of 2% over the medium-term whereas the U.S. Federal Reserve also aims to support maximum employment and moderate long-term interest rates.
Hungary's nationalist prime minister, addressing a conservative conference in Budapest on Thursday, said upcoming European and U.S. elections were a chance for right-wing forces to defeat the “progressive world spirit,” and encouraged former U.S. President Donald Trump to defend “his own truth” in his ongoing criminal trial. Viktor Orbán, a right-wing populist and the European Union's longest-serving leader, told supporters at the Conservative Political Action Conference Hungary that conservatives across the West, including himself and Trump, are under attack by a hegemonic liberal order.
The NFL will expand its international search for talent by opening an academy in rugby-mad Australia to develop promising teenagers in the Asia-Pacific region into college and pro prospects. The NFL Academy will open in September for student athletes aged 12 to 18, following recruitment camps taking place this summer in Australia and New Zealand, the league announced on Thursday. Ahead of the NFL Draft, the announcement says the region is full of talent such as Philadelphia Eagles offensive tack
Generative AI has captured the public imagination with a leap into creating elaborate, plausibly real text and imagery out of verbal prompts. Now, Synthesia -- one of the ambitious AI startups working in video, specifically custom avatars designed for business users to create promotional, training and other enterprise video content -- is releasing an update that it hopes will help it leapfrog over some of the challenges in its particular field. Unlike other generative AI players like OpenAI, which has built a two-pronged strategy -- raising huge public awareness with consumer tools like ChatGPT while also building out a B2B offering, with its APIs used by independent developers as well as giant enterprises -- Synthesia is leaning into the approach that some other prominent AI startups are taking.
West Midlands Police have the highest rate of knife crime offences per 100,000 people.
Initially buoyed by a surge in online shopping during the pandemic, paper and packaging firms faced a slowdown when economies reopened. Peer Packaging Corp of America reported a quarterly revenue beat on Tuesday from higher pricing, improved production and a recovery in demand for its corrugated packaging products. Earlier in the year, European packaging giant Smurfit Kappa, said the worst of the slowdown in terms of demand for paper and containerboard seemed behind it.
A wreath-laying ceremony was held onboard HMS M.33 at Portsmouth Historic Dockyard.
It would fund improvements in public services. It would create a more equal society. And it would show that, in an independent Scotland, everyone would pay their “fair” share. When Shona Robinson, the SNP’s finance minister in the devolved administration, introduced a higher top rate of tax in Scotland last year she appeared confident that it demonstrated her party was “true” to their “values” and that Scotland would always “choose investment in our people and public services.”
Yahoo Movies