GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings

Pickup trucks and resilient consumer spending powered GM's 24% increase in quarterly profit, but China remains a trouble spot. 


 
JetBlue Stock Tumbles After Earnings Report. Here's Why.

The carrier posted a narrower-than-expected loss in the first quarter. 


 
Apple iPhone Sales Slump in China Amid Huawei's Comeback

Apple's smartphone sales in the world's largest smartphone market dropped sharply, placing the company third overall behind local rivals, Vivo and Honor. 


 
Spotify's stock gains as monthly active users fall short but margins improve

Spotify had 615 million monthly active users for the first quarter. 


 
JD Sports Steps Up U.S. Push With $1.1 Billion Deal for Hibbett

JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market. 


 
AB Foods Eyes Further Profit Growth as Primark Margins Rise

Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings. 


 
Renault's Group Revenue Beats Expectations

Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates. 


 
SAP Stock Rises. Revenue Edged Estimates, but Earnings Missed.

The German enterprise software giant's results were a smidgen ahead of Wall Street's expectations. 


 
Chinese Bubble Tea Maker Slides in Hong Kong Trading Debut

Shares of Chinese bubble tea maker Sichuan Baicha Baidao Industrial slumped on lukewarm demand and comes ahead of planned listings by tea rivals Mixue Ice Cream & Tea and Guming. 


 
Archer Daniels Midland CFO to Resign Amid DOJ Investigation

Archer Daniels Midland's Chief Financial Officer, Vikram Luthar, will resign later this year as the company faces an investigation by the Justice Department amid scrutiny over its accounting practices.


(END) Dow Jones Newswires

04-23-24 0715ET