Posts with tag: storytelling
Meta Platforms Inc. shares have risen for a 12th consecutive session, their longest winning streak ever, as investors cheer the social media giant's AI strategy.
Published on: February 04, 2025, 10:01 PM UTC
Banks increase sale of loans tied to Elon Musk's social media platform to $5.5 billion due to strong investor demand.
Published on: February 04, 2025, 08:00 PM UTC
Estee Lauder announces plans to cut 11% of workforce, or 7,000 jobs, as economic headwinds weigh on sales and profits.
Published on: February 04, 2025, 04:04 PM UTC
PepsiCo sees muted growth ahead as CEO Laguarta cites tariffs, competition as risks to company's 2025 guidance.
Published on: February 04, 2025, 03:04 PM UTC
CTS Corp. reported a profit of $13.6 million in its fourth quarter, with earnings per share of 53 cents. For the year, the company reported a profit of $58.1 million, or $1.89 per share.
Published on: February 04, 2025, 02:05 PM UTC
Hubbell Inc. (HUBB) reported Q4 earnings of $197 million, or $3.64 per share, topping analysts' expectations of $4.02 per share. Revenue of $1.33 billion missed estimates of $1.4 billion. For the year, Hubbell reported earnings of $777.8 million, or $14.37 per share, on revenue of $5.63 billion. The company expects full-year earnings in the range of $17.35 to $17.85 per share.
Published on: February 04, 2025, 01:06 PM UTC
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Published on: February 04, 2025, 11:03 AM UTC
President Trump has warned Americans that his new tariffs on imports will cause "some pain" in the form of higher prices, swooning stock values, and economic uncertainty. However, economists warn that the tariffs could have wider-reaching consequences, pushing up the cost of food, energy, and many other products. Despite the potential for economic hardship, Trump claims that the tariffs will bring more manufacturing to the United States and increase revenue to offset the cost of tax cuts. However, most economists disagree, predicting that the tariffs will lead to higher inflation and slower growth.
Published on: February 04, 2025, 07:01 AM UTC
Goldman Sachs predicts a 5% drop in the stock market due to Trump's tariffs. Earnings could drop 1%-2% for every 5% increase in tariffs, weighing on stock valuations. Uncertainty about Trump's economic policies and potential inflation could also impact stock prices.
Published on: February 04, 2025, 12:00 AM UTC
J&J Snack Foods Corp. (JJSF) reported a fiscal first-quarter net income of $5.1 million, or 26 cents per share, missing Wall Street expectations of 62 cents per share. Revenue of $362.6 million beat forecasts of $361.5 million.
Published on: February 03, 2025, 11:07 PM UTC