Author: News Room

Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity company popped 9% after posting a strong outlook and a first-quarter results beat. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which came in over the earnings of 89 cents per share on $905 million in revenue that analysts surveyed by LSEG had forecast. Hewlett Packard Enterprise — The technology stock climbed 12%, touching a new 52-week high after earnings came in ahead of expectations. Hewlett Packard Enterprise posted adjusted earnings per share of 42 cents on $7.2 billion in revenue,…

The US and its closest intelligence partners are warning that China has intensified a campaign to recruit former Western military pilots and other service members to train its own aviators, according to a joint bulletin released by the nations on Wednesday. Beijing has for years struggled with its air operations — including both pilot proficiency and its technical capabilities to counter western aviation tactics — even as it has built up its air and naval forces in preparation for a possible military takeover of the island of Taiwan. Western-trained pilots can teach Chinese military personnel everything from air combat tactics to how…

Topline President Joe Biden’s favorability rating exceeded former President Donald Trump’s for the fifth straight week in a row, the longest stretch since April of last year, in the wake of his felony conviction Thursday in Manhattan, according to a Morning Consult survey taken Friday through Sunday—but the poll also found Trump would still beat Biden if the election were held today. Key Facts The poll found Trump leads Biden 44% to 43%, a one-point decline for the former president since Morning Consult’s previous poll taken before Trump’s conviction, despite a majority of voters saying they approve of the conviction.…

China is “aggressively recruiting” Western military personnel to train its air force pilots and naval aviators, attempting to lure them in with “lucrative” contracts and promises of opportunities to fly “exotic aircraft,” the US and its allies are warning.The Five Eyes intelligence-sharing alliance — which consists of the US, UK, Canada, Australia, and New Zealand — posted a bulletin Wednesday detailing China’s ongoing efforts to recruit current and former military personnel from NATO and Western countries to “bolster” the capabilities of the People’s Liberation Army.In recent years, China has taken significant steps to build up its air force and navy,…

The Wertheimer brothers Alain and Gérard Wertheimer, both in their 70s, are third-generation owners of Chanel.Their grandfather, Pierre Wertheimer, made a deal with Gabrielle “Coco” Chanel in 1924 regarding the business’ now iconic perfumes, and a new corporate entity, Parfums Chanel, was born. Wertheimer would make the famous No. 5 scent in his factory in exchange for a percentage of the company. In 1954, he took full control of the company.Alain and Gérard inherited the company when their father, Jacques Wertheimer, died in 1996. Alain is chairman of Chanel, while Gérard leads the company’s watch division. The brothers are each…

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By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record-low 2.6% in April and real wages soared in March, data published by the federal statistics service showed on Wednesday, highlighting the extent of Russia’s tight labour market. Moscow’s heavy spending on defence and security as it wages war in Ukraine has helped Russia’s economy rebound from a 2022 slump, but economists say the growth relies on state-funded arms and ammunition production, masking problems that hamper any improvement in Russians’ living standards. “Our economy is definitely and severely overheated,” German Gref, CEO of dominant lender Sberbank…

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in Frankfurt, the added 0.89%, while the index added 0.74%, and the index gained 1.77%. The best performers of the session on the were Sartorius AG VZO O.N. (ETR:), which rose 4.32% or 10.20 points to trade at 246.30 at the close. Meanwhile, Merck KGaA (ETR:) added 2.65% or 4.40 points to end at 170.75 and Siemens AG Class N (ETR:) was up 2.61% or 4.54 points to 178.82 in late trade. The worst performers of…

Investing.com – While total gold purchases by central banks were similar to those seen in March, sales halted in April, leading to significant net increases in bank reserves, according to Krishan Gopaul, Senior Analyst for Europe, the Middle East, and Africa at the World Gold Council. In their latest report, Gopaul noted that “the rapid rise in gold prices during March raised several questions. One of these was whether central banks—assumed to be the primary drivers of the recent surge—would alter their gold-buying behavior in response.” Gopaul stated that more complete data for March, along with preliminary figures for April,…

Hourly retail security workers are now wearing police-like body cameras at major stores. Retail giant TJX, the parent of TJ Maxx, Marshalls and HomeGoods, said it’s equipping some store employees with body cameras to thwart shoplifting and keep customers and employees safe. TJX finance chief John Klinger disclosed the body-camera initiative on an earnings call last month. “It’s almost like a de-escalation, where people are less likely to do something when they’re being videotaped,” he said. TJX isn’t alone. In a survey of major chains by the National Retail Federation last year, 35% of US retailers said they were researching…