Month: April 2022

McDonald’s is about to report earnings. Here’s what to expect
Business

McDonald’s is about to report earnings. Here’s what to expect

McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.17 expected Revenue: […]

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ECB dove says rate hike may come during the third quarter
World

ECB dove says rate hike may come during the third quarter

European Central Bank Governing Council member Ignazio Visco has added his voice to heated discussions on when the ECB will begin to raise its benchmark interest rate. Rates in the euro zone have been negative following the region’s sovereign debt crisis, and the ECB has confirmed that it will conclude its net asset purchases in […]

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Musk is not supposed to disparage Twitter while trying to buy it. He’s doing it anyway.
Technology

Musk is not supposed to disparage Twitter while trying to buy it. He’s doing it anyway.

Elon Musk may tweet about the Twitter deal but not “disparage the company or any of its representatives,” according to a securities filing. Jakub Porzycki | Nurphoto | Getty Images Less than 48 hours after Elon Musk and Twitter went public with their $44 billion deal to take the company private, Musk has continued to […]

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StanChart profit beats estimates, flags strong outlook on rising rates
World

StanChart profit beats estimates, flags strong outlook on rising rates

Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, sending its shares sharply higher, as the emerging-markets focused lender benefited from rising interest rates aimed at controlling inflation. The London-headquartered lender, which is focused on Asia, Africa and the Middle East, now expects income growth this year to slightly exceed earlier guidance of 5-7%, underlining […]

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Unilever hikes prices as costs pressure builds
World

Unilever hikes prices as costs pressure builds

Unilever beat first-quarter sales forecasts as the maker of Dove soap and Ben & Jerry’s ice cream hiked prices by over 8% to offset higher supply chain and energy costs, more than outweighing a dip in sales volumes. Consumer goods makers around the world have been raising prices to make up for soaring energy, commodities, […]

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Huawei’s first quarter revenue tumbles by nearly 14% as smartphone sales plunge
Finance

Huawei’s first quarter revenue tumbles by nearly 14% as smartphone sales plunge

Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved. “Our […]

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Denmark becomes the first country to halt its Covid vaccination program
Health

Denmark becomes the first country to halt its Covid vaccination program

A researcher works on a vaccine against the new coronavirus COVID-19 at the Copenhagen’s University research lab in Copenhagen, Denmark, on March 23, 2020. Thibault Savary | AFP | Getty Images Denmark has become the first country to halt its Covid vaccination program, saying it is doing so because the virus is now under control. […]

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Barclays beats expectations but suspends buybacks after U.S. trading blunder
World

Barclays beats expectations but suspends buybacks after U.S. trading blunder

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters LONDON — Barclays on Thursday said had suspended its planned share buyback program on the back of a costly trading error in the U.S. It comes as it reported expectation-beating profit for the first quarter, as strong investment banking […]

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Americans view these Asian countries as safer now than before the pandemic
Travel

Americans view these Asian countries as safer now than before the pandemic

A new study shows American travelers view many Asian nations as safer travel destinations now than they did four years ago. South Korea, Singapore, Thailand, Japan, China and Vietnam rose in the annual safety rankings published by travel insurance provider Berkshire Hathaway Travel Protection. The survey in the 2022 “State of Travel Insurance Report” also […]

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Standard Chartered reports better-than-expected profit, flags bullish outlook on rising rates
World

Standard Chartered reports better-than-expected profit, flags bullish outlook on rising rates

Pedestrians pass the headquarters of Standard Chartered in London on Feb. 14, 2022. Standard Chartered’s first-quarter pre-tax profit rose 6%, beating market expectations, as the emerging markets-focused lender benefited from rising interest rates and flagged a robust outlook. Chris Ratcliffe | Bloomberg | Getty Images Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, […]

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