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Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.
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Dow drops 500 points after U.S. economic growth slows: Live updates CNBCGDP growth slowed to a 1.6% rate in the first quarter, well below expectations CNBCWhy GDP report is 'worst of both worlds' for markets MarketWatchU.S. Economic Growth Slows to 1.6%, Inflation Stays Firm The Wall Street JournalU.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown The New York Times
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American Airlines' stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levels
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Southwest Airlines Co.'s stock tumbled 8.5% Thursday after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates.
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The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.
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Exchange-traded funds that buy long-term Treasury bonds were under pressure Thursday, as investors parsed fresh data on U.S. economic growth and inflation in the first quarter.
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Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.
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The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income.
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Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.
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Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter.
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