Retailers are struggling to manage transportation costs due to the increasing demand for same-day shipping, with 76% of executives surveyed by AlixPartners reporting an increase in delivery costs per package since last year. The market is dominated by FedEx and UPS, with retailers competing for retail volume. The survey found that the financial payoff for same-day delivery is not there, especially for younger consumers.
BusinessRetailers | Rating: 46 | 2024-07-24 05:59:34 PM |
Lamb Weston, a potato and French-fry company, reported disappointing fiscal fourth-quarter earnings, tanking 27% after missing analyst expectations. The company generated adjusted earnings of 78 cents per share on $1.61 billion of revenue, below the expected $1.26 per share on $1.70 billion of revenue. Tesla, an electric vehicle-maker, also fell 10% after its second-quarter earnings came in weaker than expected, despite beating revenue expectations.
BusinessLamb | Rating: 46 | 2024-07-24 04:49:50 PM |
Alphabet's shares fell more than 3% despite reporting a top and bottom line beat in its quarterly earnings. Jim Cramer, host of the CNBC Investing Club, attributed the decline to a weakening economy, citing the decline in U.S. government bond yields. Apple's shares were also lower despite a price target bump from JPMorgan ahead of its earnings next week.
AIAlphabet | Rating: 60 | 2024-07-24 04:29:29 PM |
Disney and Pixar's Inside Out 2 has surpassed $1.46 billion in global ticket sales, making it the highest-grossing animated feature of all time, surpassing Frozen II. The film has yet to open in Japan, which contributed nearly $33 million to the global total of the original Inside Out in 2015. Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in the film.
EntertainmentDisney | Rating: 53 | 2024-07-24 04:29:28 PM |
Israeli Prime Minister Benjamin Netanyahu is set to address a joint meeting of Congress, with Vice President Kamala Harris and over 30 Capitol Hill lawmakers choosing not to attend. This is Netanyahu's fourth address to Congress, with the last one taking place in March 2015. The speech has become a lightning rod of controversy, with protests erupting in Washington and around 200 protesters arrested on Tuesday.
PoliticsNetanyahu | Rating: 53 | 2024-07-24 03:59:43 PM |
Jim Cramer praised Tesla CEO Elon Musk's post-earnings conference call, calling it a 'manifesto' of his long-term plans. Tesla missed expectations on earnings per share, dropping 12%. Visa, a credit card giant, also missed estimates on sales, causing its stock to drop over 3%. Vertiv, a data center products and services company, saw a small sales beat.
BusinessTesla | Rating: 53 | 2024-07-24 03:29:36 PM |
Julie Kelley's 9-year-old son will attend seven different summer camps in three states, costing around $2,000. The family couldn't find any full-time, five-day summer camps near their home in Saint Johnsbury, Vermont, with options in Burlington, Vermont, costing $400 per week. The camps will be in Vermont, New Hampshire, and Minnesota, where they'll stay with relatives.
EconomyNone | Rating: 46 | 2024-07-24 02:39:32 PM |
CrowdStrike, a US cybersecurity firm, revealed that a bug in its quality control process caused a global software update to crash computers, affecting services from aviation to banking and healthcare. The issue occurred due to a fault in CrowdStrike's Falcon Sensor, which forced computers running Microsoft's Windows operating system to crash and display the 'Blue Screen of Death'. The outage happened on Friday.
CybersecurityCrowdStrike | Rating: 53 | 2024-07-24 01:29:47 PM |
Jim Cramer is watching the stock market, where the S&P 500 and Nasdaq are expected to open lower. Alphabet shares are down after earnings, despite a report that wasn't bad, with Google Cloud and search-engine business performing well. Visa shares are also dropping on earnings, with China experiencing a slowdown in payment volumes.
AIAlphabet | Rating: 48 | 2024-07-24 01:19:29 PM |
King Charles III is set to receive a £45 million pay raise due to the significant increase in profits at the Crown Estate, which more than doubled to £1.1 billion. The Sovereign Grant, which supports the official duties of the Royal Family, will rise by over 50% to £132 million. The Crown Estate is owned by the British monarch but managed independently, with its revenues given to the government.
PoliticsCrown | Rating: 53 | 2024-07-24 12:39:36 PM |