The National Oceanic and Atmospheric Administration(NOAA) issues its outlook for the 2023 Atlantic hurricane season at 11:00 a.m. ET on May 25. …

NEW YORK—Walmart reported a strong first quarter as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment. The company, based in Bentonville, Arkansas, offered an upbeat outlook for the year. Walmart reported net income of $1.63 billion, or 62 cents per share for the three month period ended April…

Airbnb said that it earned $117 million in the first quarter as revenue rose during the ongoing recovery in travel, but the company’s outlook for late spring and early summer disappointed investors. The San Francisco-based company’s shares fell nearly 12 percent in extended trading hours after Airbnb posted the forecast on Tuesday. The weak outlook…

In an interview with the Epoch Times, adviser for SitkaPacific Capital Management Mike “Mish” Shedlock warned that the possibility of a recession may have already arrived, as indicators show that the U.S. economy is “flirting with recession right now.” The warning comes days after Federal Reserve meeting minutes revealed that central bank officials anticipate a…

TAIPEI—Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc., said that revenue in the first quarter rose 3.9 percent year-on-year, but that sales for the current quarter would be down. Revenue last month reached the third highest on record for March at T$400.3 billion ($13.14 billion), though that represented…

FRANKFURT—German chipmaker Infineon has raised its outlook for both its financial second quarter and the whole of 2023, it said on Tuesday, citing “resilient business dynamics” at its automotive and industrials divisions. The group said it now expected 2023 sales significantly above the 15.5 billion euros ($16.8 billion) forecast previously. It said there would be…

Walmart Inc. struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers could pressure profit margins. Shares of the world’s largest retailer recouped most of its pre-market losses to rise 0.5 percent in early trading at a…

Microsoft Corp.’s Outlook was back up for most users, the company said on Tuesday, after an hours-long outage disrupted the email service application for users primarily in North America. The company said it had identified a recent change that might have caused issues within Outlook.com, without giving further details. The outage comes shortly after Microsoft’s…

DETROIT—Ford Motor Co. on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this week’s robust report from rival General Motors Co. Ford blamed chip shortages and other supply chain issues and production “instabilities” that raised costs, along with…

Public transit agencies that can’t find new funding or make cuts could face a fiscal cliff, according to the latest report on the sector from S&P Global Ratings. The credit rating agency gave the public transit sector a negative outlook as challenges pile up for operators while they spend down more than $70 billion in…