Electronics manufacturing services provider Jabil (NYSE:JBL) beat Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $6.73 billion. On top of that, next quarter’s revenue guidance ($7 billion at the midpoint) was surprisingly good and 4% above what analysts were expecting. Its non-GAAP profit of $1.94 per share was 6.2% above analysts’ consensus estimates.
(Bloomberg) -- Drinks maker Refresco shelved a €2.1 billion ($2.3 billion) leveraged loan repricing on Thursday, as sentiment sours among junk debt investors. Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesRefresco is the fourth co
Morgan Stanley, Goldman Sachs, and Bank of America are beginning workforce reductions that affect various parts of their operations.
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March, though the outlook is darkening amid rising trade tensions and deep cuts in government spending. Economists say still-high interest rates and policy uncertainty are making companies cautious about increasing headcount. "The data continue to tell a story of relatively few private-sector layoffs but limited employment opportunities for those who are unemployed," said Nancy Vanden Houten, lead U.S. economist at Oxford Economics.
Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday. Weekly applications for jobless benefits are considered a proxy for layoffs, and have remained mostly in a range between 200,000 and 250,000 for the past few years.
Wall Street had questions for Nvidia founder and CEO Jensen Huang after his GTC keynote.
(Bloomberg) -- Ontario Teachers’ Pension Plan gained 9.4% last year, driven by strong returns in stocks, venture growth and commodities. Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesThe performance boosted the fund’s net assets t
Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.6% year on year to $1.68 billion. On the other hand, the company’s full-year revenue guidance of $6.18 billion at the midpoint came in 1% below analysts’ estimates. Its non-GAAP profit of $1.96 per share was 7.6% above analysts’ consensus estimates.
As Elon Musk continues to take an outsized and controversial role in the US government, reports of harassment of Tesla owners and vandalism of showrooms and vehicles are on rise. That may, in part, be contributing to plunging resale values and interest in used Teslas in the United States.
The Covent Garden estate is now worth £2.7 billion ($3.5 billion), with stores of most notable brands located in the retail hub.