street. PAUL, MINNESOTA – Vice President Kamala Harris visited a Planned Parenthood clinic on Thursday, marking what her office said was the first time a U.S. president or vice president has toured a facility that performs abortions, as the White House steps up its defense of reproductive rights in this year's election. “Right now, in our country, we are facing a very serious health crisis,” Harris said at the St. Paul facility. “The crisis is affecting many people in our country, and most of them, frankly, are suffering in silence.”Although Democratic leaders in Minnesota have protected access to abortion, neighboring…
Author: ricardofrancois
Check out the companies making headlines in midday trading. Dick's Sporting Goods – Shares jumped 15.5% after the sporting goods retailer reported fourth-quarter results that beat expectations. Dick's Sporting Goods reported earnings of $3.85 per share on revenue of $3.88 billion. Analysts surveyed by LSEG, formerly Refinitiv, had expected earnings per share of $3.35 on revenue of $3.80 billion. Lennar – Shares fell 7.6% after the homebuilder reported a revenue loss. In the first quarter, Lennar reported revenue of $7.31 billion, below the $7.39 billion expected by analysts surveyed by LSEG. Dollar General – The discount retailer fell 5.1% even…
Stay informed with free updatesSimply subscribe to myFT Digest of US trading – delivered straight to your inbox.Joe Biden announced his opposition to Nippon Steel's proposed $14.9 billion purchase of US Steel, saying it was “essential” for the US steel company to remain “domestically owned and operated.”In a statement issued Thursday, the US President described his decision as an attempt to stand by American workers, at a time when he is under pressure in his re-election campaign to retain workers’ votes in the face of aggressive courtship by him. His Republican rival, Donald Trump.But the announcement risks damaging Washington's relationship…
The interior of an Under Armor store is shown on November 03, 2021 in Houston, Texas.Brandon Bell | Getty ImagesWall Street isn't happy about that Under the armor Founder Kevin Plank returns as CEO Shares of the athletic apparel company fell nearly 12% Thursday after the retailer announced late Wednesday that CEO Stephanie Lennartz would step down after nearly a year on the job and that Blank would replace her on April 1. Following the announcement, Williams Trading and Evercore ISI downgraded Under Armor and lowered their price targets. Williams Trading rated it a Hold from Buy and lowered its…
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesFrom consumer and wholesale prices to the overall long-term outlook, reports this week provided several reminders this week that inflation is not going away anytime soon.Data across the board showed pressures rising faster than expected, raising concerns that inflation may be more sustainable than policymakers expected.The bad news started on Monday when a New York Fed poll showed that consumers' long-term expectations accelerated in February. Tuesday continued with news that consumer prices rose 3.2% from a year ago, then peaked Thursday…
Big share price moves in Europe today include German chemical group Lanxess, potash and salt maker K&S, British travel booking company Trainline, and German electricity company Encavis.Lanxess: Shares of the German specialty chemicals company fell 7 percent, as the group announced that its earnings before interest, taxes, depreciation and amortization fell more than 44 percent to 512 million euros in 2023.Enkavis: Shares of the German renewable electricity company jumped 26 percent after private equity firm KKR launched a €2.8 billion takeover bid.Trainline: Shares in the rail booking and transport group rose 13 per cent after it recorded net ticket sales…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.UK statistics agency staff have threatened to strike after being ordered back to the office as part of a wider ministerial crackdown on homeworking in the civil service.About 1,200 ONS workers, who are members of the Public and Commercial Services Union, began voting on potential industrial action this week in protest against a new requirement to come into the office two days a week, which will come into effect in April.PCS said that since the Covid pandemic, the ONS had given staff…
If your robots For a startup looking to raise its money, there is an almost 100% chance that you will get two questions from potential investors: 1) How do you integrate generative AI? And 2) Are you thinking about building a human? The first is easy enough to answer. If you run a robotics company in 2024, you've almost certainly experimented with integrating generative AI into your workflow. The second question is one of those investor questions that requires you to look carefully and say something like, “You know, human beings have potential, but they're not well suited to this…
Bill and Melinda Gates brace for rain during their visit to the town of Khayelitsha on October 25, 2019 in Cape Town, South Africa.Brenton Geach | Gallo pictures | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. Sign up to receive future issues, straight to your inbox.While donations to charity are on the rise, the pool of donors is shrinking, as philanthropy has become highly concentrated among a small group of wealthy megadonors, according to a new study.A new report from Altrata finds…
Dick's sporting goods It raised its dividend 10% on Thursday as the company posted its largest sales quarter in its history and forecast another year of growth.The company's shares jumped more than 15% during real-time trading. CEO Loren Hobart said on an earnings call Thursday that Dick's sales growth came from larger tickets — either higher prices or more expensive items — as its transactions were flat.Many retailers took advantage of the 53rd week in fiscal 2023, but Dick's said it still broke records during the fiscal fourth quarter even without those extra days.Here's how the sports apparel retailer's performance…