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RH: Fiscal Q1 Earnings Snapshot

CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Thursday reported fiscal first-quarter earnings of $41.9 million. On a per-share basis, the Corte Madera, California-based company said it had profit of $1.76. Earnings, adjusted for non-recurring costs, came to $2.21 per share. The results topped Wall Street expectations. The average estimate

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Supreme Court sharply limits federal government’s ability to police pollution into certain wetlands

By MARK SHERMAN and JESSICA GRESKO Associated Press WASHINGTON (AP) — The Supreme Court has sharply limited the federal government’s authority to police water pollution into certain wetlands. It’s the second decision in as many years in which a conservative majority narrowed the reach of environmental regulations. The outcome could threaten efforts to control flooding

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Deckers: Fiscal Q4 Earnings Snapshot

GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Deckers Outdoor Corp. (DECK) on Thursday reported fiscal fourth-quarter net income of $93 million. The Goleta, California-based company said it had profit of $3.46 per share. The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of

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Quarterly results from Best Buy, Ralph Lauren and Dollar Tree show divergence in consumer spending

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while the lower-income shopper continues to cut back their purchases, according to the latest batch of earnings reports. Ralph Lauren Corp. reported a surprise increase in revenue in

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Icahn Enterprises continues to tumble following Hindenburg short report, Bill Ackman’s responses

Associated Press WASHINGTON (AP) — The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm’s allegations. In the report, published on May 2, Hindenburg claimed that Icahn

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COVID pill Paxlovid gets full FDA approval after more than a year of emergency use

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Pfizer received full approval on Thursday for its COVID-19 pill Paxlovid that’s been the go-to treatment against the coronavirus. More than 11 million prescriptions for Paxlovid have been dispensed since the Food and Drug Administration allowed emergency use in late 2021. The emergency status was based

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Former Mozambique finance minister loses last appeal, set for extradition to US over $2B scandal

By MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — Mozambique’s former finance minister has lost a last-ditch legal appeal in South Africa and faces extradition to the United States over a $2 billion corruption scandal related to loans to Mozambican state-owned companies. U.S. prosecutors allege that Manuel Chang, Mozambique’s finance minister from 2005 to 2015, was

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Nvidia stuns markets and signals how artificial intelligence could reshape technology sector

Associated Press WASHINGTON (AP) — Shares of Nvidia, already one of the world’s most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. The company based in Santa Clara, California, is close to joining the exclusive club

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