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Ryanair FY 2022 Net Loss Narrowed, Beats Consensus; Expects Return to Profitability in FY 2023
By Anthony O. Goriainoff Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as…
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Gasoline futures finish at record, lifting oil to weekly gain
Gasoline futures surged to a record close Friday, providing a lift for crude oil that erased a weekly loss. Price…
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Senate gives Fed Chairman Powell vote of confidence and a second 4-year term
Federal Reserve Chairman Jerome Powell on Thursday was given a vote of confidence by lawmakers. The Senate voted to confirm…
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The S&P 500 is on the brink of a bear market. Here’s the threshold.
The latest bull market for U.S. stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500…
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An inventory crunch is making life impossible for home buyers. Our interactive map can help you track the availability of houses for sale near you.
When Irene Wharton started house hunting in El Paso, Tex., early last year, she had some firm ideas about what…
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Biden mourns one million American lives lost to pandemic, orders flags to fly at half-mast to honor the dead
President Joe Biden mourned the one million American lives lost to the pandemic on Thursday, and said flags will be…
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UK Economy Slowed in the First Quarter
By Xavier Fontdegloria The U.K. economy continued to expand in the first quarter, albeit at a lesser pace than in…
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Merck KGaA 1Q After-Tax Pft EUR884M
By Xavier Fontdegloria Merck KGaA said Thursday that it expected higher profit and sales for 2022 after earnings and revenue…
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Disney stock turns to a loss after warning about rough road ahead for streaming
The Walt Disney Co. added more streaming subscribers than expected in the wake of problems at rival Netflix Inc., but…
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Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The…
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Rivian reaffirms production outlook despite supply-chain snags, boosting stock
Rivian Automotive Inc. stock rose more than 8% in after-hours trading Wednesday after the electric-vehicle maker kept its 2022 production…
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Abortion-rights vote fails in Senate as Democrats try to codify Roe v. Wade
A bill that would preserve access to abortion across the U.S. failed in the Senate on Wednesday, as a lone…
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U.S. posts record $308 billion budget surplus in April as federal tax receipts surge
The numbers: The U.S. posted a budget surplus of $308 billion in April — the largest on record — owing to…
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Moderna CFO out after two days in the role as former employer Dentsply discloses probe of financial reporting
Moderna Inc. surprised investors Wednesday with the news that its chief financial officer has departed the company just two days…
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WHO head censored in China after criticizing zero-COVID policy, and U.S. cases are now up 52% from two weeks ago
The head of the World Health Organization is being censored on China’s internet after criticizing its zero-COVID policy for being…
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U.S. stocks bounce in choppy trade after CPI shows inflation slows less than expected
Major stock indexes were higher in choppy price action after an eagerly awaited consumer price index reading showed U.S. inflation…
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Stablecoin Terra falls as low as 30 cents on the dollar
The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the…
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German inflation reaches highest level in more than 40 years
Germany’s annual rate of inflation rose in April, posting the highest reading since fall 1981, according to the final data…
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Siemens Energy 2Q Net Loss EUR252M
By Giulia Petroni Siemens Energy AG said Wednesday that its loss widened in the second quarter of its fiscal year,…
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Dow turns lower heading toward closing bell, while S&P 500, Nasdaq rise in choppy stock-market trade
U.S. stock benchmarks were up Tuesday afternoon, after three days of heavy losses, but the Dow Jones Industrial Average was…
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Investors haven’t begun to price in recession — Here’s how far the S&P 500 could fall
The battered S&P 500 index is not pricing in a recession, according to DataTrek Research. “At 4,000, the recession odds…
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Former global leaders urge U.S. to commit $5 billion to global COVID battle, urge Biden to take more forceful role at Thursday summit
A group of former global leaders, among them Gordon Brown, the U.K. prime minister from 2007 to 2010, is calling…
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Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
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Here’s the case for buying Netflix’s stock now
Netflix Inc. has become a value stock — a bargain, according to Charles Lemonides, chief investment officer at ValueWorks in…
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U.S. Small-Business Confidence Steadies in April — NFIB
By Xavier Fontdegloria Confidence among small-business owners in the U.S. leveled off in April after three consecutive months of drops,…
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China’s Car Sales Plunge 35.5% Amid Covid Lockdowns
By Selina Cheng HONG KONG–Car sales in China plunged 35.5% from a year earlier in April, recording their worst drop…
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Munich Re 1Q Net Pft EUR608M Vs. Pft EUR589M
By Ed Frankl Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that first-quarter profit rose slightly on lower-than-average major losses in its property-casualty…
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Palantir stock tumbles toward worst drop on record after outlook falls short
Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were…
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New York Gov. Hochul tests positive for COVID, as two omicron subvariants spread across Empire State
New York Gov. Kathy Hochul tested positive for COVID-19 on Sunday, becoming the latest political leader to contract the SARS-CoV-2…
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3 Signs Red-Hot Inflation Is Cooling Off
Expectations for inflation are critical to how fast the Fed raises interest rates. Frederic J. Brown/AFP via Getty Images Good…
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Putin: Campaign in Ukraine forced, necessary
MOSCOW — Russian President Vladimir Putin has sought to cast Moscow’s military action in Ukraine as a forced response to…
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Another rough week ahead? Dow futures slump more than 400 points Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow…
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After a wild week on Wall Street, stock futures slump Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow…
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Rich Strike, the longest of longshots, wins the Kentucky Derby
Rich Strike, the longest of longshots that went into the Kentucky Derby with odds of 81-1, won the 148th edition…
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New study finds omicron no less severe than earlier variants, and not just more transmissible
A new study conducted by researchers at Harvard Medical School among others has found that the omicron variant of the…
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U.S. gains 428,000 jobs in April, and wages rise again — but labor force shrinks
The numbers: The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement…
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Adidas 1Q Sales EUR5.3B
By Joshua Kirby Adidas AG said it expects full-year profitability to be dragged by continued declining sales in Greater China…
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IAG 1Q Passenger Capacity 65% of 2019
By Anthony O. Goriainoff International Consolidated Airlines Group SA said Friday that operating loss for the first quarter narrowed as…
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As Dow sinks over 1,000 points, signs of panic selling emerge in the stock market
Panicky behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the…
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WHO says true COVID death toll is 15 million, far higher than the 6 million counted by JHU
The World Health Organization said Thursday that new estimates show that the full death toll associated either directly or indirectly…
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Antony Blinken to affirm China as main U.S. rival
When much of the global focus is on Russia’s war with Ukraine, the Biden administration is preparing to refresh the…
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Shopify stock tumbles after earnings miss, announcement of $2.1 billion fulfillment acquisition
Shares of Shopify Inc. SHOP, +4.36% were sliding 15% in premarket trading Thursday after the e-commerce company fell short of…
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UniCredit 1Q Net Pft EUR247M
By Cristina Roca UniCredit SpA reported a drop in first-quarter earnings Thursday, dragged by rising provisions related to its Russian…
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BMW Backs 2022 View
By Kim Richters BMW AG said Thursday that profit for the first three months of the year jumped as it…
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Several people who attended weekend White House correspondents dinner have since tested positive for COVID
A handful of people who attended the annual White House Correspondents’ Association dinner on Saturday night have tested positive for…
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Fed lifts interest rates and to wind down $9 trillion bond stockpile in double-pronged attack on high U.S. inflation
“Inflation is much too high and we understand the hardship it is causing,” said Fed Chairman Jerome Powell in what…
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Dow soars almost 900 points, stocks rally after Fed fires off biggest rate hike since 2000
U.S. stock indexes jumped Wednesday afternoon, after the Federal Open Market Committee delivered the first 50 basis-point interest rate hike…
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Fed lifts interest rates by 1/2 point and to launch sell-off of $9 trillion bond stockpile in June
Initially the Fed plans to reduce its holdings by $47.5 billion a month. After three months the Fed would ramp…
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The decline in the U.S. birth rate bounced back from the early days of the pandemic
When the pandemic hit, the stay-at-home orders didn’t give American families more babies, instead, it generated a “baby bust.” Now,…
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U.S. stocks mixed as market awaits possibly the biggest Fed rate hike since 2000
U.S. stock indexes were mixed in choppy trade Wednesday morning, ahead of the outcome of a two-day Federal Open Market…
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