Business News
Sustainability Activists Take Aim at Disposable Hotel Slippers
The New York Times - 30 Apr 2024 11:00
Slippers supplied by hotels -- flimsy models usually made of plastic and fabric -- are the next single-use item in the cross hairs of sustainability activists.
HSBC chief Noel Quinn to step down after 'intense' five years
The Guardian - 30 Apr 2024 07:52
Bank says it has started search for a successor as it reports quarterly profits beat forecasts Business live - latest coverage The chief executive of HSBC, Noel Quinn, is unexpectedly stepping down after an "intense" fiv...
Southwest Airlines launches compensation program for flight delays after 2022 meltdown
New York Post - 30 Apr 2024 01:07
The airline agreed to the compensation program after the holiday meltdown that resulted in 16,900 flight cancellations and stranded 2 million passengers. The settlement included a $35 million cash fine.
Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock
Business Insider - 30 Apr 2024 18:47Amazon set to report first-quarter earnings after the bell
CNBC - 30 Apr 2024 18:01
Wall Street expects Amazon to report 12% revenue growth, a modest acceleration from a year earlier.
'Be like Buffett' and buy the dip in Apple stock before its next iPhone announcement, analyst says
Business Insider - 30 Apr 2024 17:04
"Warren Buffett has been remarkably disciplined at adding to his Apple position when it is relatively cheap," Bernstein's Toni Sacconaghi wrote.
18 ancient Egyptian human skulls are being auctioned for $250 each, in a grim sale of colonial spoils
Business Insider - 30 Apr 2024 15:14Paramount's Hollywood Ending Won't Be Tidy
Wall Street Journal - 30 Apr 2024 15:00
The CEO's departure indicates a deal is near, but both potential suitors would bring fresh drama.
China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to 'Exceed' US Debut
Bitcoin.com - 30 Apr 2024 03:34
With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthu...
MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues
Coin Telegraph - 30 Apr 2024 01:52
MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin's 65% price rally into account.
New US cars will be required to have automatic emergency braking in 5 years
New York Post - 30 Apr 2024 01:26
"We're living through a crisis in roadway deaths," Transportation Secretary Pete Buttigieg said in an interview. "So we need to do something about it."
JD.com Enhances Appliance Trade-In Experience for Chinese Consumers
Retail Touch Points - 30 Apr 2024 20:45
In collaboration with more than 100 appliance brands, JD.com has expanded its "Trade-in Alliance for Household Appliances and Home Goods" services, which already have been implemented in 20 Chinese provinces and cities. ...
Chain restaurants like Chili's are coming for fast-food giants in the latest bout of the value wars
Business Insider - 30 Apr 2024 20:43Crypto's Transition: Bringing Capital Onshore
Coin Desk - 30 Apr 2024 18:02
Today, offshore firms dominate the list of the biggest cryptocurrency exchanges. Expect the center of gravity to come onshore going forward, says Paul Brody, head of blockchain at EY.
Eli Lilly's stock jumps as first-quarter profit tops estimates amid strong sales of Mounjaro, Zepbound
Market Watch - 30 Apr 2024 17:44Bitcoin's bull run may be over and the next move could see it drop nearly 50%, says a market vet who predicted the token's 2018 crash
Business Insider - 30 Apr 2024 16:47Walmart Is Shutting Health Centers After Plan to Expand
The New York Times - 30 Apr 2024 16:20
The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said.
Americans are down on the economy -- but there are good reasons to be optimistic
Market Watch - 30 Apr 2024 15:46Dave & Buster's planning to let customers place wagers on arcade games using an app
New York Post - 30 Apr 2024 15:38
Restaurant and arcade chain Dave & Buster’s will soon allow its customers to make wagers on its popular games. Patrons will soon be able to place a $5 wager via Dave & Buster’s mobile app on the chain’s Hot Shots b...
McDonald's profits hit by inflation, Middle East boycotts over Israel-Hamas war
New York Post - 30 Apr 2024 15:23
McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits. McDonald's reported first-quarter net income of $1.93 billion, or $2.66 per ...
Coca-Cola's first-quarter results beat top- and bottom-line estimates, boosted by 'dynamic backdrop'
Market Watch - 30 Apr 2024 15:13China Vanke posts first-quarter loss amid slump in property sector
Market Watch - 30 Apr 2024 03:59
China Vanke posted a first-quarter loss as earnings were weighed by the ongoing slump in China's property sector.