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A Vlogger has claimed that only married men drive Highlander jeeps, while ruling out the possibility of single men driving such cars.
She put out a statement in a way to berate someone who seemed to have attempted to deceive her.
Major U.S. equities indexes rebounded on Tuesday following three turbulent days of trading that saw heightened levels of economic uncertainty send stocks tumbling.
The S&P 500 and the Nasdaq were both up 1% on the day, clawing back a portion of the previous sessions' steep losses. The Dow gained 0.8%.
Shares of Kenvue (KVUE), parent company of Band-Aid, Tylenol, and other consumer health care products, posted the strongest performance in the S&P 500, soaring 14.2%. The former unit of Johnson & Johnson (JNJ) beat second-quarter sales estimates and affirmed its above-consensus guidance for the full year. CEO Thibaut Mongon said Kenvue remains in the early stages of a transformation "into a bolder, more agile organization."
Uber Technologies (UBER) shares added 11.8% after the ridesharing company drove past analysts' revenue and net income estimates for the second quarter. Gross bookings jumped 19% froma year ago, while profits more than doubled, reaching $1.02 billion.
Shares of Royal Caribbean Cruises (RCL) sailed 8.5% higher after analysts at JPMorgan called Royal Caribbean "best in class" in the cruise industry. The analysts cited Royal Caribbean's popularity among travelers, cost discipline, and growth plans as support for their "overweight" rating on the stock.
Shares of Henry Schein (HSIC), a distributor of dental and medical equipment, dropped 8%, marking the heaviest losses of any S&P 500 constituent. Henry Schein's second-quarter sales andprofits fell short of expectations, and the company said it could take longer than expected for it to recuperate from a cybersecurity breach that disrupted its operations last year.
Expeditors International of Washington (EXPD) shares fell 4.6% after the freight forwarding and logistics firm reported a year-over-year decline in profits, pressured by higher costs. Although Expeditors International posted an increase in airfreight tonnage volume from a year ago, its ocean container volume declined.
Vulcan Materials (VMC) shares sank 4.3% after the provider of construction materials reportedlower-than-expected quarterly sales and profits. The maker of construction aggregates also cut its forecast for full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Vulcan noted that high interest rates remain a drag on the housing sector, which lowers demand for its products.
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After a federal judge ruled that Alphabet's (GOOGL) Google broke antitrust law by holding a monopoly with Google Search, Google said it plans to appeal the decision, which could have implications for big tech antitrust cases to come.
Google responded to the ruling saying the "decision recognizes that Google offers the best search engine, but concludes that we shouldn’t be allowed to make it easily available."
The judge ruled that Google's exclusive distribution agreements are problematic.
Google has agreements with browser makers, major original equipment manufacturers (OEMs) for Android devices, and U.S. wireless carriers, paying "traffic acquisition costs (TAC)" to companies like Apple (AAPL) to make Google Search users' default, the lawsuit outlined.
The outcome, which could set a precedent for big tech antitrust action, may not be realized for months or even years.
If successful, the appeal would allow Google to maintain its distribution agreements and could ease worries about other big tech companies that could be subject to similar antitrust cases.
If courts reject Google's appeal, the U.S. government will determine a remedy for the company's violation of antitrust law, which could range from fines, forcing changes to Google's agreements, or other measures to break up the company's monopoly over the search market.
These efforts could benefit competitors like Microsoft's (MSFT) Bing or OpenAI's recently announced SearchGPT, and affect companies involved in the distribution agreements like Apple.
Alphabet shares were little changed Tuesday. They've gained over 13% since the start of the year.
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Shares of Molson Coors Beverage Company (TAP) jumped over 5% Tuesday after the brewing giant reported better-than-expected sales and profits for the second quarter. The company said an increase in net pricing and positive sales mix boosted its performance.
The beverage behemoth posted second-quarter net sales of $3.25 billion, down slightly from a year ago but well ahead of the $3.19 billion consensus estimate compiled by Visible Alpha. Adjusted diluted earnings per share (EPS) grew almost 8% from a year ago to $1.92, edging out analysts' forecasts calling for $1.71.
Executives at Molson Coors stressed that the strong results are a sign of progress on the company's strategic initiatives and execution of its "Acceleration Plan." Launched in October 2023, the firm's Acceleration Plan involves boosting revenue from core brands while aiming to "aggressively premiumize its portfolio."
The company said its quarterly results reflected a negative foreign currency impact and a decline in contract brewing volumes, with one contract brewing arrangement set to wind down by the end of 2024. However, Molson Coors said its current strategy provides flexibility to adapt to shifting conditions across its markets.
"From our robust revenue management platform, to our premiumization and innovation plans, to our continued investments to drive efficiencies and cost savings, these levers help us to navigate various market circumstances," said Molson Coors CFO Tracey Joubert.
Molson Coors shares closed 5.4% higher at $53.90 Tuesday following the news, though even with Tuesday's gains, they've lost about 12% since the start of the year.
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Twitter personality, Christiana has revealed that she would ensure her partner fathers a child that isn’t his, if she discovers that he is cheating on her.
She made her bold claim via her twitter handle, which subsequently drew a lot of mixed reactions among netizens.
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Delta Airlines' (DAL) response to last month's global tech outage came under fire from Microsoft (MSFT) on Tuesday as the tech giant joined CrowdStrike (CRWD) in criticizing the airline's handling of the outage and its fallout.
Delta's public comments and correspondence with Microsoft and CrowdStrike counsel have been "incomplete, false, misleading, and damaging to Microsoft and its reputation," Microsoft counsel Mark Cheffo wrote in a letter to Delta's counsel viewed by
Delta Chief Executive Officer (CEO) Ed Bastian said last week that the outage, caused by a CrowdStrike software update, cost the airline upwards of $500 million and it reportedly canceled more than 5,000 flights. Bastian said Delta had been left with "no choice" but to seek damages over the outage, and in a July 31 interview with CNBC called Microsoft "the most fragile platform" among the U.S. tech giants, and said the company had not "delivered exceptional service."
Microsoft offered free assistance several times in the days following the outage, both at the employee level and among executives, according to Cheffo's letter. Microsoft CEO Satya Nadella personally reached out to Bastian but received no response, the letter alleges.
The tech giant also said it is "rapidly becoming apparent" that Delta ignored or refused offers for assistance because the crew scheduling program that was the most affected didn't rely on Microsoft's Windows or Azure, but was instead serviced by other providers like IBM (IBM). Microsoft also said in the letter that its preliminary review suggests Delta's IT infrastructure is well behind that of other major airlines.
“Delta has a long track record of investing in safe, reliable and elevated service for our customers and employees," a Delta spokesperson said in a statement. "Since 2016, Delta has invested billions of dollars in IT capital expenditures, in addition to the billions spent annually in IT operating costs.”
CrowdStrike made similar claims in a letter to Delta counsel on Sunday, accusing the airline of contributing to a "misleading narrative" by implying CrowdStrike should be financially responsible for the way Delta responded to the outage.
Shares of Delta, Microsoft, and CrowdStrike all rose Tuesday as markets recovered from a broad sell-off the day before.
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