Apple’s (AAPL) app distribution business, the App Store, turned ten years old this month. The App Store was a bet that has paid off well for the company, sparking optimism that Apple’s other bets—including self-driving systems—could similarly impress down the road. When the App Store was launched on July 10, 2008, it had just 500 apps and a tiny number of developers.
GE Aerospace on Tuesday raised its full-year profit forecast on strong demand for jet-engine parts and services as carriers keep their older planes in the air to tide over a shortage of new commercial aircraft. The company now expects 2024 operating profit of $6.2 billion to $6.6 billion, compared with its earlier forecast of $6 billion to $6.5 billion. Since then, Wall Street analysts have been bullish on the prospects of the aerospace business, with some citing the dominant lead of CFM International, GE's joint venture with Safran, as a supplier to Airbus' A320neo family of jets, over competing engine maker Pratt & Whitney.
Data showing British businesses recorded their fastest growth in activity in nearly a year helped the pound steady against the dollar on Tuesday, after touching its lowest in five months the day before, but it remained under pressure against the euro. European data was also better than expected and the common currency at one point rose 0.2% against the pound to 86.43 pence, matching its previous day's three-month high, though these moves also failed to hold. Euro/sterling has traded in a tight range for months, but broke out on Friday when the euro climbed 0.65% after Bank of England Deputy Governor Dave Ramsden said the risk of British inflation getting stuck too high had receded and it might prove weaker than the BoE's most recent forecasts.
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
There will be tears.
Victoria Beckham releases new collaboration with Mango — Joe Bromley has the key pieces to shop before summer
Hannah Snellgrove is in the condition of her life heading to the Semaine Olympique Francaise and knows the event will act as her biggest marker ahead of her Olympic debut.
Markets currently rate the chance of a Bank of England interest rate cut in June as about 50-50
The U.S. Federal Trade Commission (FTC) is expected on Tuesday to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, which it says limit worker mobility and suppress their pay. The five-member FTC, which enforces antitrust laws and currently has a Democratic majority under President Joe Biden, is scheduled to meet later on Tuesday to vote on the rule first proposed in January 2023. The FTC, Democrats and worker advocates who support the rule say it is necessary to rein in the increasingly common practice of requiring workers to sign so-called "noncompete" agreements, even in lower-paying service industries such as fast food and retail.
Demonstrators at NYU and Yale are arrested while Columbia cancels in-person classes for safety.
For the Second Year in a Row, Annual Research Finds Managing Risk is the Most Important Factor for Background Screening ProgramsATLANTA, April 23, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity and verification solutions, today shared findings from its 2024 Global Trends Report. The latest edition of the proprietary research is the Company’s most comprehensive yet, offering a worldwide perspective based on over 10
A four-year-old girl was said to be among the dead
HBT Financial ( NASDAQ:HBT ) First Quarter 2024 Results Key Financial Results Revenue: US$51.8m (down 4.1% from 1Q...
The UK's oldest synagogue could have to shut if plans to build a new tower block are approved, a rabbi previously warned
Spotify on Tuesday reported quarterly monthly active users (MAU) of 615 million, missing its own estimates, as the Swedish music streaming company spent less on marketing activities to draw in more listeners. First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. Premium subscribers, who account for most of the company's revenue, rose by 14% to 239 million, in line with estimates, according to IBES data from LSEG.
United Parcel Service reported a decline in first-quarter profit on Tuesday, as margins came under pressure from subdued demand for small-package delivery and higher costs tied to a new labor contract with the Teamsters union. Delivery companies such as UPS and FedEx have seen demand normalize following a boom during the pandemic, when home-bound consumers were forced to shop online. A new labor contract with the Teamsters union is also squeezing the Atlanta-based company's profit.
It is a pleasure to report that the CareRx Corporation ( TSE:CRRX ) is up 45% in the last quarter. But over the last...
Fintech lender Affirm has started quietly offering "buy now, pay later" (BNPL) loans for elective medical procedures, in a major push beyond its core e-commerce market, the company told Reuters. Over the past year, Affirm has more than doubled the number of elective medical merchants on its network, reaching around 130 at of the end of 2023. The San Francisco-based company is hoping to tap growing consumer demand for financing for cosmetic treatments, dental services, medical devices and veterinary procedures.
Delivery companies such as UPS and FedEx have seen demand normalize following a boom during the pandemic, when home-bound consumers were forced to shop online. A new labor contract with the Teamsters union is also squeezing the Atlanta-based company's profit.
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