The Israeli defense minister said Thursday that he had ordered Israel’s military to draft a plan to allow Gazans to voluntarily leave the enclave, a move that comes after President Trump’s proposal for a massive resettlement of Palestinians and a U.S.-led takeover of the territory. It was far from clear whether the proposal would be carried out, where the Israeli authorities hoped the Gazans would go, or how many people they imagined would leave. But Israel Katz, the defense minister, praised Mr. Trump’s initiative, saying it could “allow a large population in Gaza to leave for various places in the…
Author: usaeverydaylife
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue.For the past dozen years, Walmart held the distinction of being the top revenue generator each quarter. In 2012, it overtook oil giant Exxon Mobil, according to LSEG senior research analyst Tajinder Dhillon.Walmart remained…
Analysts walked away from Disney’s first-quarter results more bullish on the stock. Disney’s first-quarter earnings and revenue beat expectations, but the stock has lost 2.4% on Wednesday on concerns of declining subscribers to the company’s Disney+ flagship service. The streaming service saw a 1% decline in subscribers during the quarterly period, and the company said on Wednesday that it could see another “modest decline” in the second quarter. Despite the decline and tepid guidance, Wall Street’s biggest research shops remain optimistic that Disney can boost its earnings growth and are watching if the company can show accelerating parks revenue and…
Peloton told investors Thursday it still has a “steep hill to climb” to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike maker posted mixed fiscal second quarter results, as it topped Wall Street’s sales estimates but lost more than expected as it continued its efforts to make its costly hardware business more profitable.The bike maker also cut costs in three key areas that it has faced criticism for spending too much on – marketing, administrative costs and research and development – leading it…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | ReutersPresident Donald Trump has long been a fan of tariffs, and in his first month back in the White House he wasted no time imposing new — and relatively high — tariffs on imported goods from Canada, Mexico and China.While Trump has suspended the tariffs on Canada and Mexico for at least one month while those countries negotiate with the United States on trade and border security, new…
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe Bank of England made its first interest rate cut of 2025 on Thursday, resuming monetary easing amid ongoing concerns over sluggish growth in the British economy.The central bank cut its benchmark interest rate by 25 basis points to 4.5%, with a majority of seven members out of the nine-strong monetary policy committee voting in favor.Economists had widely expected the central bank to trim rates, following a spate…
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday said it will slash $2 billion in costs by the end of 2027, expanding its ongoing cost savings effort to chart a path toward long-term growth. Bristol Myers said savings will be driven by organizational changes and efforts to streamline operations and will allow the company to invest in new science and drug brands expected to deliver growth. The pharmaceutical giant still plans to cut $1.5 billion in costs by the end of 2025…
Despite beating expectations, Qualcomm’s left many analysts worried about the company’s growth path going forward. Qualcomm posted financial results for its fiscal first quarter that beat estimates. The chipmaker reported adjusted earnings per share of $3.41 on $11.67 billion in revenue. Analysts polled by LSEG expected $2.96 a share on $10.93 billion in revenue. All three of the company’s major end markets for its chips grew during the period. Qualcomm’s most important market, mobile handsets, grew 13% on an annual basis, while analysts surveyed by FactSet were looking for about 5% growth. The company sees handset revenues growing by 10%…
The Lilly Biotechnology Center in San Diego, California, on March 1, 2023.Mike Blake | ReutersEli Lilly on Thursday reported mixed results for the fourth quarter as sales of its blockbuster weight loss Zepbound and diabetes drug Mounjaro soared but saw lower realized prices.The figures were consistent with the preliminary results Eli Lilly shared in January, which disappointed investors. Eli Lilly had slashed its 2024 revenue guidance, as it said demand for its weight loss and diabetes drugs would not meet its lofty expectations.The company’s quarterly earnings topped Wall Street estimates, but sales fell just short. The pharmaceutical giant also issued…
As Japan’s prime minister prepares for his first meeting with President Trump, he is hoping to make a personal connection with the leader of the superpower on which his country depends both economically and militarily. But in the unpredictable Trump White House, even a simple meet-and-greet might be a risky gamble.The summit between Mr. Trump and Japan’s prime minister, Shigeru Ishiba, which is scheduled for Friday, is the result of months of behind-the-scenes efforts by a wide range of Japanese: not just diplomats and lawmakers, but also one of the country’s richest investors and the widow of an assassinated former…
