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In Starbucks' international segment, comparable store sales fell 6% and missed estimates of 0.5% growth. The street was looking for flat comparable sales in China, according to FactSet. China comparable sales are expected to decline by a single-digit percentage versus expectations of low single-digit growth in the second quarter through the fourth quarter. Global net new store growth was tweaked down from 6% to 7%. That's due to slower China store openings, which was revised to 12% growth from 13%.
Persons: Laxman Narasimhan, Dunkin, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Revenue, Starbucks, Bros, McDonalds, Wall Street, Global, CNBC, Getty Locations: China, United States, North America, Latin America, Asia, Japan, Manhattan , New York City
First-quarter earnings of $3.46 per share fell below the FactSet consensus estimate of $3.67 in earnings per share. Alexandria Real Estate Equities — The stock advanced 1.2% after Alexandria surpassed first-quarter revenue expectations. The life sciences REIT posted revenue of $769.1 million, above the FactSet consensus estimate of $764.4 million. Packaging Corporation of America — The stock fell 1.8% in extended trading even as the maker of containerboard posted first-quarter earnings that topped estimates. Medpace — Shares dropped 4.3% after Medpace's first-quarter revenue missed estimates.
Persons: Crane, containerboard, Calix, FactSet, Simpson, Medpace, Medpace's, TrustCo, Darla Mercado Organizations: Cliffs, Cadence, Cadence Design Systems, FactSet, Globe, Crane, Alexandria Real, Packaging Corporation, America, Packaging Corp, Simpson, TrustCo Bank Corp, NY Locations: Cleveland, Alexandria, FactSet .
CNN —Lesbian Visibility Week, celebrated each year at the end of April, was first observed in California in 1990 and is marked around the world and in lesbian living rooms across America — including mine. Many laws have criminalized gay men but not women, leaving us in slightly safer territory. Gay men are also more likely to be victims of hate crimes and violence. Gay men might be criminalized, but gay women have long been targeted, sometimes in heinous ways that fly under the radar of the law, and which go unprosecuted. On this Lesbian Visibility Week, I am grateful both to be seen and to slip quietly under the radar, unnoticed.
Persons: Allison Hope’s, Allison Hope, James, , God, we’ve, We’ve, ” We’ve, I’ve, Jodie Foster, Lily Tomlin, Kate McKinnon, Lea DeLaria, Wanda Sykes, We’re, Organizations: New Yorker, The New York Times, Washington Post, CNN, Slate, Gay Locations: New, California, America
One image appears to show soldiers in a boat somewhere near Los Angeles pointing their guns at a giant swan. "These are AI images inspired by the movie," the source told the outlet. Promotion for the horror-comedy "Late Night with the Devil" has been bogged down by complaints that the filmmakers used AI. AdvertisementMarketing for "Civil War" has been controversial even beyond the use of AI, with some people criticizing it as misleading. The images A24 posted do not do that feeling — or the movie they're supposed to be promoting — justice.
Persons: , Wilco, Cmon, zQSEUj9ecd — Alex Pope Organizations: Service, Business, Hollywood Reporter, Miami Locations: North America, America, Chicago, Marina City, York, Los Angeles, Echo, New York
Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Investment banks doing well, BofA not so much The major banks that posted results this week — Goldman Sachs , Morgan Stanley and Bank of America — beat earnings expectations. Bank of America shares fell more than 3% despite the company beating on both top and bottom lines. Mixed earnings picture Although nearly three-quarters of the reported earnings so far have topped expectations, the broader earnings picture is more muddled. The blended earnings growth rate, which considers the reports already out and the estimates from those still pending, sits at just 0.16%.
Persons: — Goldman Sachs, Morgan Stanley, Alastair Borthwick, Wells, Mike Mayo, Goliath, Mayo, Goldman Sachs, Wells Fargo's Mayo, Goldman, Ebrahim Poonawala, cyberattack, George Hill, Doug Anmuth, Jessica Reif Ehrlich, Canaccord Genuity, Chris Harvey Organizations: Investment, Bank of America —, Bank of America, Bank of America's, JPMorgan, Wells, of America, Deutsche, Netflix, NFLX's, Revenue, Microsoft, Exxon Mobil
Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed Friday. "While some employees will be retained and will relocate to other facilities, including our recently opened distribution center in the greater Los Angeles area, the optimization will result in the reduction of just over 100 positions within the existing Sumner distribution center," the person added. The closure comes after Lululemon more than tripled its warehouse footprint in the past few years to accommodate its rapid growth. In 2021, it entered into a new lease for a 1.26 million square-foot facility outside of Los Angeles in Ontario, California, filings show. In 2022, it leased a 980,000 square foot warehouse outside of Toronto in Brampton, Ontario.
Persons: Lululemon, Sumner, , CNBC's Annie Palmer Organizations: state's Employment Security Department Locations: San Diego , California, Washington, Los Angeles, Sumner, Seattle, Sumner , WA, U.S, Canada, Toronto, Ontario , California, Brampton , Ontario, California, North America, Americas
UnitedHealth posted better-than-expected first-quarter revenue and reaffirmed its full-year earnings forecast of $27.50 to $28 per share excluding items. Johnson & Johnson — The drugmaker slipped 2% despite beating first-quarter profit estimates and reporting in-line revenue. Johnson & Johnson adjusted its full-year sales forecast for 2024 to a range of $88 billion to $88.4 billion compared to a previous forecast of $87.8 billion to $88.6 billion. The firm also surpassed analysts' earnings and revenue estimates. Bank of America — Charlotte-based Bank of America fell 3.5% after quarterly profit tumbled 18% to $6.67 billion , or 76 cents a share.
Persons: UnitedHealth, Johnson, Morgan Stanley —, Tesla, , Sarah Min, Tanaya Macheel Organizations: Dow Jones, FactSet, Johnson, Technologies, Barclays, Live, Entertainment, Journal, U.S . Department of Justice, Bank of America, of America, Revenue
"It might be the driving force behind the movement, but it's much bigger than Palestine," said Lexis Zeidan, another Uncommitted movement leader. Bryan MetzgerBut while the Arab American community is particularly concentrated in the Detroit area, with implications for 2024 in a closely-watched swing state, there are plenty of Arab American voters scattered in competitive states around the country. But the key to the movement's ongoing success has been coalition-building with other communities, including African American voters, young voters, and progressive Jewish voters. Organizers with the Listen to Michigan campaign following election results during a watch party in Dearborn, Michigan on February 27, 2024. After founding the Arab American Institute in Washington, DC in 1985, he and others worked in the intervening decades to build up Arab American power.
Persons: , Abdullah Hammoud, Dearborn, it's, Joe Biden's, Bryan Metzger Layla Elabed, Abbas Alawieh, Ann Arbor, Layla, Alawieh, Biden, Nikki Haley, Donald Trump's, Trump, Rashida Tlaib, We've, Bryan Metzger, James Zogby, Andy Levin, who's, Jesse Jackson's, Jackson, Jeff Kowalsky, Hammoud, there's, Organizations: Service, Business, Democratic, Israel . Movement, Israel, Dearborn, Muslim, Palestinian American, Arab American Institute, African American, Jewish, Arab, Getty, Arab American Institute in, what's, Michigan Muslim Locations: Dearborn , Michigan, United States, Gaza, Dearborn Heights, Hamtramck, Dearborn, Michigan, Ann, Palestine, America, Yemenis, Arab, Detroit, Florida, Virginia, Pennsylvania, AFP, Arab American Institute in Washington , DC
Courtesy Port Ellen DistilleryAcross the courtyard, the new still room resembles a vast industrial greenhouse with four shiny new copper stills as its exotic plants. “It is important that we recreate that classic Port Ellen character that people love, but we also want to be doing things we’ve not done before,” says McDonald. Courtesy Port Ellen DistilleryA glimpse into that past comes in the musky surroundings of warehouse number two with a dram drawn straight from a cask filled in 1979. Port Ellen is hoping to attract upscale whisky fans to sample a by-appointment-only Atlas of Smoke Experience. “At the moment, Port Ellen is expensive because it is so old and so rare.
Persons: Carol Ann Duffy’s, ” “, Ellen, , attar, Port Ellen, Roy Duff, Dramface.com, Ardbeg, Hijiri, Alexander McDonald, McDonald, Port, Port Ellen Gemini, Ellens, There’s, Dramface’s Duff, ” Emily Burnham, Organizations: Scotland CNN, Port, Ellen, Diageo, North America —, Smoke Locations: Islay, Scotland, Isle of Islay, Wuyi, Port, Scottish, , Highland, Brora, Falkirk, Scotland’s, Hong Kong, Kilnaughton Bay, Antrim, Northern Ireland, Mull, Kintyre, North, America, United States
CNN —The US aviation industry has asked the Biden administration to pause approval of additional flights to and from China, saying Beijing’s “existing harmful anti-competitive policies” hurt American airlines and workers. The letter was signed by industry lobby group Airlines for America — whose members include American Airlines (AAL), Delta (DAL) and United (UAL) — and other unions representing aviation workers, including the Air Line Pilots Association. Chinese carriers were given approval by US officials to make 50 weekly round trips to and from the United States, up from 35, from March 31. “These actions demonstrated the clear need for the US government to establish a policy that protects US aviation workers, industry and air travelers,” it said. “It [boosting flights] will help the two peoples strengthen exchanges and enhance mutual understanding,” the ministry added.
Persons: Biden, , Antony Blinken, Pete Buttigieg, America —, Washington, Xi Jinping, Joe Biden, — Hassan Tayir Organizations: CNN, Airlines, America, American Airlines, DAL, Air Line Pilots Association Locations: China, Delta, United States, Ukraine, San Francisco
Newark, LaGuardia, and JFK were ranked as the country's worst airports back in 2018. Newark and LaGuardia have terminals ranked five stars by Skytrax, while construction is underway at JFK. LaGuardia, Newark, and JFK used to be ranked among the country's worst airports. In 2018, travel news site The Points Guy ranked them as the three worst airports in the US. AdvertisementWhen it comes to airports, Skytrax has three categories: hub airports, regional airports, and terminals.
Persons: Skytrax, , Skytrax —, Guy, Houston William P, Paris Charles de Gaulle Organizations: JFK, Service, Hobby, Paris Charles, Guangzhou Baiyun, Port Authority of New, Newark Locations: Newark, LaGuardia, York, New Jersey, JFK, York City, North America, Asia, Europe, Paris, Guangzhou, Port Authority of New York
O.J. Simpson helped create the America we live in today
  + stars: | 2024-04-12 | by ( John Blake | ) edition.cnn.com   time to read: +9 min
Many Black Americans cheered, pumped their fists and exchanged high-fives, while many White Americans gasped in disbelief and anger. Some say America is a nation of immigrants who bolster the economy and reinvigorate the country. Kent Nishimura/Getty ImagesPoliticians have adopted the Simpson trial playbookThere was a surreal moment during the Simpson trial that could have been easily missed. Critics say Simpson spent years running away from his Blackness with as much vigor as he eluded NFL defenders. Simpson may have died this week, but he helped give birth to the America we now live in.
Persons: O.J, Simpson, Nicole Brown Simpson, Ronald Goldman, Ford Bronco, Elise Amendola, what’s, Kellyanne Conway, Donald Trump, Conway, Sean Spicer, Kent Nishimura, “ I’m, Johnnie Cochran, Simpson’s, Al Sharpton, Brother Simpson, Johnnie, ” Sharpton, , ” ­, White, Trump, Paul Blumenthal, “ Donald Trump, ” Blumenthal, Jabin, Barack Obama, Ben Rhodes, “ Trump, , ” Obama, John Blake, Organizations: CNN, White Americans, of Fame NFL, America —, O.J, NBC, Getty, NFL, White, Trump, Fulton County Sheriff's, Republican, Trump National Doral, Washington Post Locations: America, Los Angeles, Washington , DC, , Fulton County , Georgia, Fulton County, U.S, Doral , Florida
Americans used to think of China as a place to do business, and Latin America as a place to vacation. More recently, our neighbors to the south are seen as the source of desperate migrants. I saw evidence of that in Costa Rica, a stable democracy that is vying to become the Silicon Valley of Latin America — with active support from the United States. More than 40 percent of the chips the U.S. Department of Defense uses for weapons systems and infrastructure rely on Chinese suppliers. More than 90 percent of all advanced chips are produced in Taiwan, a self-governing island claimed by China.
Organizations: . Department of Defense Locations: China, America, American, Canada, Mexico, Costa Rica, United States, Taiwan
In his majority opinion in the case overturning Roe v. Wade, Justice Samuel Alito insisted that the high court was finally settling the vexed abortion debate by returning the “authority to regulate abortion” to the “people and their elected representatives.”Despite these assurances, less than two years after Dobbs v. Jackson Women’s Health Organization, abortion is back at the Supreme Court. In the next month, the justices will hear arguments in two high-stakes cases that may shape the future of access to medication abortion and to lifesaving care for pregnancy emergencies. These cases make clear that Dobbs did not settle the question of abortion in America — instead, it generated a new slate of questions. The first case, scheduled for argument on Tuesday, F.D.A. At issue is the law’s interaction with state laws that severely restrict abortion, like an Idaho law that bans abortion except in cases of rape or incest and circumstances where abortion is “necessary to prevent the death of the pregnant woman.”
Persons: Roe, Wade, Samuel Alito, Dobbs, America —, Organizations: Jackson, Health Organization, Supreme, Alliance, Hippocratic, Food, Labor Locations: America, Idaho
Souffrant set out to save enough so they could cover one year's worth of expenses between Woody's salary and her savings. How to build your own 'F you fund' in 2 stepsAnyone can start an "F you fund" like Soufrrant and Shah did to create more options for themselves. Souffrant kept hers in a high-yield savings account. That way, the money was still accessible but earning more interest than it would if it was sitting in a traditional savings account. If your number is $200 per month, have that amount lifted from your checking account and deposited into your "F you account" each month.
Persons: Jamila Souffrant, Souffrant, Nischa Shah, Nischa Shah Nischa Shah, it's, Shah, Woody Organizations: Business, America, Investment
The BOJ will now look to utilize its short-term interest rate as its primary policy tool. It will employ an interest rate of 0.1% to current account balances held by financial institutions at the central bank from March 21, while encouraging the uncollateralized overnight call rate (another interest rate used as a policy lever by the bank) to remain at around 0 to 0.1% — effectively raising interest rates from -0.1% previously. It would resort to "nimble responses" in the form of increased Japan government bond purchases and fixed-rate purchases of JGBs, among other things, if there is a rapid rise in long-term interest rates. Japanese investors have looked elsewhere for better returns given years of artificially depressed interest rates in their home market. The Fed is due to announce its own interest rate decision on Wednesday.
Persons: Japan Alexander Spatari, Kazuo Ueda, Rob Carnell, BOJ, Ueda, Michael Brown, , JGBs, Vishnu Varathan, Hayden Briscoe, Briscoe Organizations: Japan's, Japan Inc, Asia, ING, CNBC, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Bank of America, Barclays, U.S . Federal, UBS Asset Management Locations: Dotonbori, Japan, Japan's, U.S, Mizuho's, Asia
“Going forward, the company expects the tax rate to normalize again as its operating profit improves,” Adidas said in a statement. Sales in North America — the company’s second-biggest market — declined more than 16% in 2023, partly because Adidas slashed sales to wholesalers in order to reduce their high levels of inventory. The company expects its sales in the region to fall again this year, by around 5%. Globally, sales of Adidas footwear, which includes popular Samba and Gazelle sneakers, were up 4%, in contrast with a 6% fall for Adidas apparel. On a different measure of earnings, the company recorded an operating profit of €268 million ($293 million) last year.
Persons: Ye, Harm Ohlmeyer, , ” Adidas, Bjørn Gulden, Olesya Dmitracova Organizations: London CNN, Adidas Locations: North America, China
The border collie star of Justine Triet's "Anatomy of a Fall" will not attend the Oscars on Sunday, according to The Hollywood Reporter. And apparently, after an attention-dominating appearance at the annual pre-Oscars nominees' luncheon in February, a few companies with nominees of their own weren't too happy about his presence there. AdvertisementAt the nominees' luncheon, stars from Bradley Cooper, to Ryan Gosling, to Billie Eilish, paid their respects to Messi, The Independent reported. "The ANATOMY OF A FALL dog is this year's Tom Cruise," Buchanan wrote on X. "Everyone at the nominees' luncheon wants to meet him."
Persons: , Messi, Justine Triet's, isn't, Sandra Hüller, Justine Triet, Sandra Voyter, Snoop, Bradley Cooper, Ryan Gosling, Billie Eilish, Kyle Buchanan, Tom Cruise, Buchanan, DA282BQ5uI — Kyle Buchanan, Laura Martin, Palme, we've, Martin, It's Organizations: Service, Hollywood, Business, Hollywood Reporter, Academy, Messi, Independent, The New York Times, Cannes Film Locations: @kylebuchanan, Paris, France, America
Credit Credit... The focus was a sign of how political the president’s address had been — and how central Mr. Trump is to Mr. Biden’s own political future. Video transcript Back bars 0:00 / 0:56 - 0:00 transcript In its decision to overturn Roe v. Wade, the Supreme Court majority wrote the following. Image Mr. Biden spoke at times in what seemed a near-shout during his State of the Union address. The morning of the State of Union began with an ad from Mr. Trump’s super PAC questioning if Mr. Biden would live to 2029.
Persons: Biden, Donald Trump, Trump, Biden’s, ’ —, Troy Nehls, Kenny Holston, , Vladimir V, Putin, , Mr, Marjorie Taylor Greene, Doug Mills, heckles, Greene, , Laken Riley, — Laken Riley, legals —, ’ Mr, Kate Cox, Latorya Beasley, Jill Biden, Roe, Wade, We’ll, we’ll, ” Roe, I’ve, chuckles, I’m, We’ve, we’ve, Nancy, Donald Trump Jr Organizations: Union, Capitol, Mr, New York Times, Republican, Credit, Associated, New York, Republicans, Democratic, Alabama, State of Union, Trump’s Locations: Wilmington, Russia, Europe, Russian, China, Georgia, Venezuelan, Texas, Alabama, America
New York CNN —For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. That means the lack of college degrees can’t be ignored, since Blacks and Hispanics are least likely to have a bachelor’s degree. “[D]espite the limited progress to date, our analysis shows that, for those who embrace it, skills-based hiring … yields tangible, measurable value. Skills-based hiring boosts retention among non-degreed workers hired into roles that formerly asked for degrees,” they said. The tool is aimed at lower-wage workers without college degrees.
Persons: Joe Biden, Ken Frazier, , George Floyd’s, Frazier, Debbie Dyson, Keith Wardrip Organizations: New, New York CNN, Census Bureau, , Merck, Blacks, MIT, Accenture, Yum ! Brands, Harvard Business School, Glass Institute, Directionally, Federal, Occupational Mobility, Philadelphia Fed, Federal Reserve Bank of Philadelphia Locations: New York, America, workforces, Philadelphia, Cleveland, Cincinnati
New York CNN —After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. I take that as a signal of a potential turn in the CMBS market in terms of the market sentiment. It’s not just all gloom and doom in the CRE market. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November.
Persons: Tracy Chen, Chen, that’s, Bell, Banks aren’t, CMBS, We’ve, they’ve, , Jerome Powell, Torsten Slok, , Tom Barkin, ” Barkin, “ I’m, Eva Rothenberg, Brent, Goldman Sachs Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, Brandywine, Intercontinental Exchange and Bank of America, outperformance, Fed, New York Community Bank, York Community Bank, Federal, Apollo Global Management, Richmond Federal, CNBC, OPEC, AAA Locations: New York, Japan, Switzerland, Germany, New, New York City, Richmond, OPEC, Saudi Arabia, Russia, Iraq, United States
Building a career in travel and hospitalityOn return from my travels, I moved to London and pursued my then-dream career in hospitality. Coaching others on their journeysIn 2013, I decided to set up my own PR agency as a foreigner in Singapore. So I got my coaching qualifications, saw a renowned Buddhist Meditation Teacher to learn mindfulness and meditation, and learned other tools to complement my coaching method. If you or someone you know is experiencing depression or has had thoughts of harming themself or taking their own life, get help. Help is also available through the Crisis Text Line — just text "HOME" to 741741.
Persons: , Lydna Williams, Lynda Williams, Maybourne, I'd, wasn't Organizations: Service, Business, UNESCO Heritage, Group, Aman Resorts, International Association for Suicide Prevention Locations: Asia, Australia, South America, Sydney, London, Washington, Brazil, Singapore
In many parts of Latin America, baseball is a popular and well-established sport with men’s professional leagues in Mexico, the Dominican Republic and Venezuela, among others. But women wanting to play baseball’s cousin — softball — professionally had only one option: to leave. In what is believed to be a first in Latin America — a region where men often have more opportunities than women, particularly in sports — a professional women’s softball league has started in Mexico. On Jan. 25, when the inaugural season began, 120 women on six teams got to call themselves professional softball players, many for the first time. “Before, there wasn’t even a question of, ‘Should there be a professional sport for women?’ It was a given that it didn’t exist.
Persons: , Stefania Aradillas Organizations: Diablos Locations: America, Mexico, Dominican Republic, Venezuela, United States, Japan, Mexico City
He formerly was a foreign correspondent and bureau chief for The New York Times in Europe and Asia and for CBS News in Paris. CNN —Madeline Albright famously called America the “indispensable nation.” Is former President Donald Trump making America the irrelevant nation? The first steps toward a new direction for such a Europe — without America — are already being taken. Dursun Aydemir/Anadolu/Getty ImagesVon der Leyen has also said that upping European defense production would be a top priority for her second term — not to mention sorting through vastly divergent budgets of the various countries. Still, as a bloc, Europe at about 85 billion euros ($92 billion) has already passed the United States at 66.2 billion euros ($71.6 billion) in total commitments to Ukraine.
Persons: David A, Madeline Albright, Donald Trump, Alexey Navalny’s, Vladimir Putin, Mike Johnson, Johnson, Joe Biden, ” haven’t, Mette Frederiksen, ” Frederiksen, Ursula von der Leyen, Europe’s, Christine Wormuth, Peter, Paul, Kaja Kallas, Dursun, Leyen, Emmanuel Macron’s, Macron, David Lammy, unflinchingly, who’s, ” Kallas, Alar Karis, ” Karis, we’re, Der Spiegel, Organizations: CNN, French Legion of, The New York Times, CBS News, Trump, Republicans, NATO, Security, Danish, America, Africa Command, Getty, Germany’s Kiel Institute, US, Union, Munich Security Conference, British, Labour Party, Estonian, Politico Europe, Kremlin, Locations: Europe, Asia, Paris, America, Russia, Russian, Ukraine, , United States, Munich, Berlin, Brussels, Poland, Estonian, Anadolu, Belgium, Germany, Italy, Netherlands, Turkey, France, Russia’s, Sweden, Britain, German
Opinion | The Best Case for Ukraine Aid
  + stars: | 2024-02-17 | by ( Ross Douthat | ) www.nytimes.com   time to read: +2 min
The first year of the war in Ukraine seemed to vindicate Russia hawks. The second year of war has been kinder to realists and doves. Russia, as in many wars before, seems stronger in a grinding conflict than it did in the initial thrusts. Meanwhile, the Ukrainian counteroffensive of spring and summer failed: A year ago there was still hope that a Russian retreat would turn into a rout, but since then stalemate has ruled the front. The changed situation has created a division in the hawkish argument, visible as the U.S. Congress wrangles over further aid to Ukraine.
Persons: Vladimir Putin, Putin, Russia’s, Aleksei Navalny, Thom Tillis, he’ll, Mike Turner Organizations: U.S . Congress, Republican, Ukraine, NATO, Capitol, Russian Locations: Ukraine, Russia, Moscow, Ukrainian, North Carolina, American, Ohio
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