04 June

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Lululemon Athletica Results Beat in Q1 on Reopening Joy By Investing.com

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By Yasin Ebrahim Lululemon Athletica (NASDAQ:LULU) reported Thursday first quarter results that beat analysts' forecasts as the reopening of its stores bolstered growth. Shares were little changed in after-hours trade following the report. Lululemon Athletica announced earnings per share of $1.16 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $0.9012 on revenue of $1.12B. The beat on the bottom line was led by increasing margins, while sales got a boost from the reopening of stores and ongoing momentum in the direct to consumer segment. Gross profit increased 109% to...

04 June

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Broadcom Rides Soaring Chip Demand to Q2 Results Beat By Investing.com

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By Yasin Ebrahim Broadcom (NASDAQ:AVGO) reported on Thursday fiscal second-quarter results that topped expectations as sales were driven higher by an ongoing surge in 5G demand. Shares were little changed in after-hours trade following the report. Broadcom announced earnings per share of $6.62 on revenue of $6.61B. Analysts polled by Investing.com anticipated EPS of $6.43 on revenue of $6.51B. The demand for semiconductor that has been ramped up by the ongoing chip shortage supply underpinned sales. "Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20% year-over-year increase in semiconductor...

04 June

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JBS says all global facilities are operational after cyberattack By Reuters

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(Reuters) - JBS SA, the world's largest meatpacker, said on Thursday all of its global facilities were fully operational after a "criminal cyberattack" on May 30 suspended much of its operations in the United States and Australia. JBS USA and its majority owned unit, Pilgrim's Pride, were able to limit the loss to less than one day's production, it said in a statement. ...

03 June

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IMF and World Bank urge G7 to release surplus vaccines By Reuters

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By Andrea Shalal WASHINGTON (Reuters) - The heads of the International Monetary Fund and World Bank on Thursday urged the Group of Seven advanced economies to release any excess COVID-19 vaccines to developing countries as soon as possible, and called on manufacturers to ramp up production. In a joint statement to the G7, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass also called on governments, pharmaceutical companies and groups involved in vaccine procurement to boost transparency about contracting, financing and deliveries. "Distributing vaccines more widely is both an urgent economic necessity and a...

03 June

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Broadcom Earnings, Revenue beat in Q2 By Investing.com

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Broadcom (NASDAQ:AVGO) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Broadcom announced earnings per share of $6.62 on revenue of $6.61B. Analysts polled by Investing.com anticipated EPS of $6.43 on revenue of $6.51B. Broadcom shares are up 6.16% from the beginning of the year and are trading at $476.40 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.63% from the start of the year. Broadcom shares gained 2.49% in after-hours trade the report. Broadcom follows other major Technology sector earnings this month Broadcom's report follows...

03 June

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Boeing CEO warns of airline supply constraints, U.S.-China trade By Reuters

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By Eric M. Johnson and Tracy Rucinski SEATTLE/CHICAGO (Reuters) - Boeing (NYSE:BA) Co Chief Executive Dave Calhoun on Thursday said there could be "supply constraints" beginning in the summer after a "more robust" recovery than he expected from the aviation downturn during the pandemic. Speaking at a Bernstein virtual conference, Calhoun also said he expects Boeing will be able to deliver the "lion's share" of roughly 100 787 aircraft sitting in inventory due to production defects and weakened demand. With U.S. leisure travel going "gangbusters" and carriers needing to rehire and rebuild their networks...

03 June

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Job Openings at U.S. Small Businesses Increase to Fresh Record By Bloomberg

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(Bloomberg) -- U.S. small-business owners reported a record share of unfilled positions in May, and more firms are boosting wages to attract workers, the National Federation of Independent Business said Thursday. Some 48% of firms had unfilled positions last month, a fourth consecutive record, the NFIB said in a report published Thursday. A total of 34% of small-business owners said they raised pay, the largest share in a year, and more indicated they plan to raise compensation in the next three months. “Owners are offering higher wages to try to remedy the labor shortage problem,” Bill...

03 June

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French antitrust watchdog to issue decision on Google’s ad business on June 7 – spokesman By Reuters

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PARIS (Reuters) - France's antitrust authority will issue a decision following an investigation into Google's advertising business on June 7, a spokesman for the watchdog said on Thursday. Las week, the Wall Street Journal reported that Alphabet (NASDAQ:GOOGL)'s Google was close to settling an antitrust investigation in France over allegations it abused its power in online advertising. The report said the company was expected to pay a fine and institute operational changes. ...

03 June

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Spain’s Colonial to buy French unit SFL in 800 million euro deal By Reuters

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By Clara-Laeila Laudette and Nathan Allen MADRID (Reuters) -Spain's Inmobiliaria Colonial on Thursday said it would submit a voluntary takeover offer to buy up to 100% of French subsidiary Societe Fonciere Lyonnaise (SFL) for 806 million euros ($977 million). With the deal, which is set to close by August, Colonial aims to increase its exposure to prime Paris real estate at a discount to market prices, while simplifying its corporate structure, the company said. In the first stage of the two-step deal, Colonial will buy the 13% stake in SFL held by Credit Agricole ...

03 June

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Active Funds Crushed Equity Benchmarks in May Like Never Before By Bloomberg

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(Bloomberg) -- Active managers have finally found a market they can beat. One that doesn’t move. That’s what happened in May, when the S&P 500 barely budged and a historically large number of stock-picking mutual funds posted returns that beat the benchmark. While doing well in a market that is actually going up might be more exciting for their customers, it’s still a welcome win for an industry pilloried for years after failing to keep up with passive indexes. Almost 70% of large-cap funds were ahead of their benchmarks, sporting their best May since Bank of...

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Lululemon Athletica Results Beat in Q1 on Reopening Joy By Investing.com

Broadcom Rides Soaring Chip Demand to Q2 Results Beat By Investing.com

JBS says all global facilities are operational after cyberattack By Reuters

IMF and World Bank urge G7 to release surplus vaccines By Reuters

Broadcom Earnings, Revenue beat in Q2 By Investing.com

Boeing CEO warns of airline supply constraints, U.S.-China trade By Reuters

Job Openings at U.S. Small Businesses Increase to Fresh Record By Bloomberg

French antitrust watchdog to issue decision on Google’s ad business on June 7 – spokesman By Reuters

Spain’s Colonial to buy French unit SFL in 800 million euro deal By Reuters

Active Funds Crushed Equity Benchmarks in May Like Never Before By Bloomberg

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