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Stories published on May 1
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  • Stories published on May 1

Wednesday, May 1

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Booming Next closes in on £1bn profit milestone with sales set to rise 2.5% this year

www.dailymail.co.uk

The retailer led by Lord Wolfson (pictured) said full-price sales in the 13 weeks to April 27 were 5.7% higher than in the first quarter last year.

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DoorDash reports Q1 revenue up 23% YoY to $2.51B, vs. $2.45B est., total orders up 21% YoY, and forecasts Q2 core profit below est.; DASH drops 9%+ after hours (Reuters)

www.techmeme.com

DoorDash reports Q1 revenue up 23% YoY to $2.51B, vs. $2.45B est., total orders up 21% YoY, and forecasts Q2 core profit below est.; DASH drops 9%+ after hours — DoorDash (DASH.O) projected second-quarter core profit below expectations on…

CVS plummets as rising medical costs hit profit forecast

www.bostonglobe.com

CVS Health reported first quarter revenue that missed expectations.

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Former students of the for-profit Art Institutes are approved for $6b in loan cancellation

www.bostonglobe.com

The Education Department says it's taking action after reviewing evidence from the attorneys general of Massachusetts, Iowa and Pennsylvania, which previously investigated complaints of fraud and sued the for-profit chain.

Marriott boosts full-year profit forecast

Hotel operator Marriott International raised its forecast for annual adjusted profit today after mixed first-quarter results, banking on international travel demand to offset weakening trends in North America.

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Eaton Q1 Profit Jumps 28.7% as Margins Increase

www.ttnews.com

Profits at Eaton Corp. soared in the first quarter as sales and margins jumped at the component manufacturer’s largest reporting unit — Electrical Americas.

Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation

The Biden administration says it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud

CVS shares plummet as health company slashes profit outlook on higher medical costs

www.cnbc.com

CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.