Articles

Bloomin’ Brands swings to Q1 loss, is exploring ‘strategic alternatives’ for Brazil business

In a separate announcement, the owner of Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill announced that Chief Executive Officer David Deno will be retiring after 12 years with the company, including the last five as CEO.

Saudi Aramco reports profit decline on falling volumes

Saudi Arabia’s national oil company first-quarter profit fell and missed analysts’ forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.

WK Kellogg’s stock rises as revenue beats analyst estimates

Cereal giant says margins grew wider.

‘We’ve had a hell of a run’: Stanley Druckenmiller cuts Nvidia stake.

Stanley Druckenmiller told the hosts of CNBC’s “Squawk Box” Tuesday morning that his firm had cut its stake in chip giant Nvidia Corp.

Canopy Growth exercises options to buy Wana Brands and Jetty Extracts as it moves into the U.S.

Canopy Growth made a $297.5 million up-front payment to Wana Brands in 2021.

Can good coffee help fix the office? Corporations think it helps.

The U.S. office market still needs a bigger fix as values of distressed buildings fall by half.

Crocs’ stock falls premarket as earnings beat is offset by soft guidance for Heydude brand

Crocs acquired the Italian brand Heydude in 2022 for $2.5 billion in cash and stock, adding a line of lightweight, casual slip-on shoes for men, women and children to its line-up.

Now is the time to invest in Chinese stocks, BTIG analyst says

Chinese stocks could soon be set to rally following a “rough start” to 2024, analysts at BTIG said.

Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforce

Kenvue’s stock jumps after earnings beat as company unveils plan to cut 4% of global workforce

Datadog’s earnings beat estimates, but the stock still skids

The observability company’s full-year forecast exceeds what analysts have been modeling.

Here’s what TikTok got wrong about America

TikTok could have been a positive force for change in the U.S. tech industry.

The Fed should let Treasury yields rise and end its obsession with lower rates

Higher interest rates are actually healthy for stocks and the economy.
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