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  • Business
    Reuters

    Harley-Davidson quarterly profit falls on slow demand

    Despite Harley's attempt to spruce up its offerings with electric options, the 120-year-old motorcycle maker has not been highly successful in attracting millennials, forcing it to rely on its tried-and-tested customer base of boomers to drive sales. Global motorcycle shipments, including those of Cruiser, Trike and Touring bikes, fell 7% in the quarter from a year earlier. Revenue fell 5% to $1.48 billion, driven by a decrease in wholesale shipments and lower global pricing.

  • News
    The Canadian Press

    EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi-held areas

    NICOSIA, Cyprus (AP) — A top European Union military officer said that a frigate that’s part of an EU miliary mission in the Red Sea to protect merchant shipping destroyed a drone launched from an area in Yemen controlled by Houthi rebels on Thursday morning. Austrian Gen. Robert Brieger, who is chair of the EU’s military committee, said that it would be crucial for the bloc to “conserve resources” over the long haul because the threat posed by Houthi attacks “will not disappear” due to its conn

  • Business
    Bloomberg

    First Citizens Boosts NII Forecast as Fewer Rate Cuts Projected

    (Bloomberg) -- First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, lifted its guidance for lending income for 2024.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadTaylor Swift Is Proof That How We Critiqu

  • Business
    Reuters

    Caterpillar sees lower second-quarter sales as machinery boom fades

    Caterpillar had benefited from President Joe Biden's $1 trillion 2021 infrastructure law to upgrade roads, bridges and other transportation infrastructure that sent sales at the company surging early last year. However, the boom from last year has eased off, and the company also forecast roughly flat sales for the year. Still, the company posted a rise in quarterly profit due to higher prices, which helped it offset the impact from lingering supply chain constraints and higher steel prices.