May We Please Just Date Without Hate?

An Asian American college couple tries to let their young love bloom, but racist incidents keep disrupting their honeymoon phase.

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By Joyce Juhee Chung

Pre-market Movers: ROST, EVEX, TIGO, CGEN, PANW…

The following are some of the stocks making big moves in Friday’s pre-market trading (as of 06.45 A.M. ET).

In the Green

Eve Holding, Inc. (EVEX) is up over 23% at $10.29
Compugen Ltd. (CGEN) is up over 15% at $2.25
Palo Alto Networks, Inc. (PANW) is up over 11% at $485.50
National Retail Properties, Inc. (NNN) is up over 10% at $47.46
Agree Realty Corporation (ADC) is up over 7% at $73.04
Brookfield Renewable Corporation (BEPC) is up over 7% at $39.30

In the Red

Ross Stores, Inc. (ROST) is down over 25% at $68.82
Millicom International Cellular S.A. (TIGO) is down over 20% at $17.55
Burlington Stores, Inc. (BURL) is down over 8% at $162.42
NeuroMetrix, Inc. (NURO) is down over 7% at $5.11

Opinion | America May Be Broken Beyond Repair

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By Michelle Goldberg

Opinion Columnist

Winning the Skies Without Losing Your Lunch: Filming ‘Top Gun: Maverick’

The makers of the “Top Gun” sequel discuss the challenges of filming practical aerial stunts.

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By Amy Nicholson

‘Stranger Things’ Is Back. Here’s Where We Left Off in Season 3.

It’s been three years since we last saw the kids from Hawkins take on the Mind Flayer (and the Russians). This refresher should help jog your memory.

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By Scott Tobias

Big Lots Inc. Q1 Earnings Summary

Below are the earnings highlights for Big Lots Inc. (BIG):

Earnings: -$11.08 million in Q1 vs. $94.56 million in the same period last year.
EPS: -$0.39 in Q1 vs. $2.62 in the same period last year.
Analysts projected $0.93 per share
Revenue: $1.37 billion in Q1 vs. $1.63 billion in the same period last year.

Gold Edges Up As Dollar Extends Slide

Gold prices inched higher on Friday as the dollar extended a slide and Treasury yields held steady amid easing worries about Fed policy moves.

Spot gold rose half a percent to $1,860.26 per ounce, while U.S. gold futures were up 0.6 percent at $1,857.88.

The dollar was set for its biggest weekly drop in nearly four months amid expectations that the Federal Reserve may become less aggressive in tightening rates later in the year.

Cautious comments by some Fed policymakers including Atlanta Fed President Raphael Bostic this week and the latest FOMC meeting minutes suggesting a flexible approach on rates prompted traders to lower rate hike expectations.

The yield on benchmark 10-year Treasury notes dipped to 2.7468 percent as the focus shifted to the U.S. April core PCE price index due later in the day that could provide clues as to how the inflation outlook is shaping up.

Oil Little Changed Near Two-month High

Oil prices held steady near a two-month high on Friday ahead of an expected surge in utility demand during the upcoming U.S. summer season.

Benchmark Brent crude edged up 0.1 percent to $114.24 a barrel and was on track for its biggest weekly jump in 1-1/2 months, while U.S. crude futures were down 0.1 percent at $113.97.

Oil consolidated recent gains after data showed China’s industrial profits declined in April as a result of COVID outbreaks and lockdowns.

Industrial profits decreased 8.5 percent from the previous year in April, marking the biggest fall since early 2020, data from the National Bureau of Statistics showed.

During January to April, industrial profits expanded 3.5 percent, slower than the 8.5 percent increase posted in the first quarter.

The downside in oil prices, if any, was capped by expected demand growth at the start of the summer driving season in the United States and the prospect of an EU ban on Russian oil.

European Council President Charles Michel said earlier this week that he is confident that an EU-wide agreement on the next major package of sanctions against Russia can be reached before the council’s next meeting on May 30.

National Bank of Canada Bottom Line Climbs In Q2

National Bank of Canada (NA.TO) reported a profit for its second quarter that increased from last year

The company’s bottom line totaled C$894 million, or C$2.55 per share. This compares with C$801 million, or C$2.25 per share, in last year’s second quarter.

Excluding items, National Bank of Canada reported adjusted earnings of C$893 million or C$2.55 per share for the period.

The company’s revenue for the quarter rose 8.9% to C$2.44 billion from C$2.24 billion last year.

National Bank of Canada earnings at a glance (GAAP) :

-Earnings (Q2): C$894 Mln. vs. C$801 Mln. last year.
-EPS (Q2): C$2.55 vs. C$2.25 last year.
-Revenue (Q2): C$2.44 Bln vs. C$2.24 Bln last year.