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1 Article
Source: Reuters

3M to cut 2,000 jobs globally, lowers 2019 profit outlook

Today 06:04 GMT

(Reuters) - U.S. manufacturing conglomerate 3M Co on Thursday said it would lay off 2,000 workers globally as it reported a widely lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets.

The company said the job cuts would result in an estimated annual pre-tax savings range of $225 million to $250 million, with $100 million in the remainder of 2019, the company said in a statement here.

1 Article
Source: Common Domain

Lululemon Would Like You to Know It Has No Plans to Slow Down. Namaste.

Today 06:04 GMT

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Lululemon Athletica stock has been on a tear, and company management says it can keep growing sales and profits at substantial rates. To order presentation-ready copies for distribution to your colleagues, clients or customers visit

1 Article
Source: Reuters

Wirecard seeks to refocus on growth after audit approval

Today 06:05 GMT

German payments company Wirecard sought on Thursday to refocus on growth after securing audit approval of annual results which had been delayed by allegations of fraud and false accounting at its Singapore office.

“I enjoy being on the stock market,” the Austrian said, “and I haven’t lost my passion for the job in the last two months.”

1 Article
Source: The Guradian

Dare to declare capitalism dead – before it takes us all down with it

Thursday 12:39 GMT

In the New York Times on Sunday, the Nobel economist Joseph Stiglitz sought to distinguish between good capitalism, which he called “wealth creation”, and bad capitalism, which he called “wealth grabbing” (extracting rent).

Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity. Those who defend capitalism argue that, as consumption switches from goods to services, economic growth can be decoupled from the use of material resources.

1 Article
Source: Common Domain

Here’s one more box to check when hiring a financial adviser

Thursday 14:32 GMT

From generating referrals to qualifying prospects to closing sales to on-boarding new clients to scheduling periodic client reviews — she asks the adviser, “Do you have a process or checklist for that?”. “Often, the adviser answers yes and then we talk to the support team and they say no,” she said. “Some advisers have a process in their head, but they haven’t put key critical tasks on paper.”

Recruiting, training, and managing a workforce can prove more distracting and stressful than the actual practice of financial planning.

1 Article
Source: Fox News

Bea Arthur’s son recalls growing up with 'The Golden Girls’ star, addresses alleged Betty White feud

Today 06:04 GMT

The Bea Arthur Fund not only helps support the operational costs of the Bea Arthur Residence, but it also assists the center in obtaining additional sites to provide housing.

Saks is aware there have been some misconceptions about Arthur’s relationship with her castmates, specifically Betty White, who played naive Rose Nylund from St. Olaf.

1 Article
Source: Reuters

Corporate profits and U.S. economy chug along, defying recession fears

Today 06:04 GMT

After months of handwringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 U.S. homebuilder PulteGroup Inc this week were ready for the worst.

In mid-March, Wall Street analysts were fretting about an imminent profits recession, and some economists worried an economic recession might follow in its wake. Profits at S&P 500 companies, seen declining for the first time in three years just a month ago, now appear on course for another quarter of growth as first-quarter results pour in, according to I/B/E/S data from Refinitiv.

1 Article
Source: Fox News

Amazon crushes earnings expectations, but revenue growth slows

Today 06:05 GMT

Amazon crushed expectations for its first-quarter results on Thursday, reporting earnings that easily surpassed Wall Street’s projections even as revenue growth slowed.

Quarterly revenue rose 17 percent to $59.7 billion, roughly in line with expectations, but growth was down from 46 percent in the same period one year ago. In the first quarter, North America revenue grew 17 percent to $35.8 billion, compared to 46 percent growth in the same period one year ago.

1 Article
Source: Common Domain

Mastercard and Visa Stock Will Gain Because Strong Earnings Growth Will Continue, Analyst Says

Wednesday 16:21 GMT

Visa reports earnings on April 24 after the market closes, and Mastercard reports earnings on April 30 before the market opens.

It has been a great start to the year for the payment giants Mastercard and Visa , and Morgan Stanley thinks both stocks will keep rising.

1 Article
Source: Fox News

Fears of Terminator robot uprising sparked after scientists create creepy ‘lifelike’ machines that can eat, grow and evolve

Tuesday 20:01 GMT

Scientists have created tiny machines that can eat, grow and even evolve just like real creatures, sparking fears of a robot uprising.

His fears are echoed by Microsoft founder Bill Gates, who last month said the threat to humanity posed by AI is similar to that of nuclear weapons.

1 Article
Source: Common Domain

Roku Stock Will Keep Soaring Because People Will Keep Cutting the Cord, Analyst Says

Wednesday 03:20 GMT

Roku stock (ticker: ROKU) has risen more than 90% in 2019, compared with a 21% gain for the Nasdaq Composite Index, as the company reported impressive user growth and earnings.

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1 Article
Source: The Guradian

Florida police duo who slammed black teen's head suspended as outrage grows

Thursday 16:21 GMT

Two Florida sheriff’s deputies who pepper-sprayed and punched a 15-year-old black student in the head during a violent arrest were beginning a paid suspension on Wednesday, amid growing calls for the officers to be fired.

Krickovich said Rolle had taken “an aggressive stance” and that he punched the teen in the head as “a distractionary tactic”. The episode is a setback to Tony’s aim of restoring public confidence in the Broward sheriff’s office in the aftermath of last year’s Parkland shooting, in which police deputies were labelled cowards for waiting outside as a gunman claimed 17 lives at Marjory Stoneman Douglas high school, five miles from Taravella.

1 Article
Source: Global News

Bank of Canada holds key interest rate at 1.75%, downgrades economic forecast

Thursday 12:40 GMT

The Bank of Canada kept its key interest rate unchanged Wednesday as it downgraded its 2019 growth forecast based on its prediction the economy nearly ground to a halt at the start of the year.

WATCH: Bank of Canada governor Poloz says Canadians who don’t qualify for mortgage ‘can buy a smaller home’. Many economists expect the bank to leave the interest rate untouched until at least late in the year, with some warning a rate cut could arrive before the next increase.

1 Article
Source: Common Domain

Deciphering the economic slowdown: Soft patch? Soft landing? Soft sell?

Thursday 12:39 GMT

A soft sell may convince Trump’s base — not that it needs convincing — but until proven differently, soft landing seems to be the best, or least “soft,” bet.

Assuming human forecasters are correct, does the down-shift from 2018’s 3% growth rate (fourth-quarter over fourth-quarter basis) represent a soft patch, after which the pace will pick up? Or has the Federal Reserve perfected its real-time, interest-rate management techniques so as to deliver us unto the Promised Land via a soft landing where growth slows to its potential, prolonging what is soon to be the longest expansion on record?

1 Article
Source: Fox News

It's not the economy right now for voters: Here's why

Thursday 12:39 GMT

One week of data does not an economy make, but that said wage growth, stable prices and a confident consumer does all bode well for the U.S. economy.

When you add it all up -- wage growth above 3 percent for six months in a row, capital expenditures by business hitting new all-time highs, the consumer spending again -- the economy feels like it’s on very solid footing. And the expansion appears poised to continue beyond the 120-month mark, making this the longest period of sustained economic growth in U.S. history.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte