Home Depot’s revenue fell short of Wall Street’s estimates in its fiscal fourth-quarter earnings report Tuesday amid a slowdown in the home improvement category. The company also provided a muted outlook for the next year because of a tough consumer …
PPI: misses across the board again PPI 0.2% M/M, Exp. 0.4%PPI 8.0% M/M, Exp. 8.3% PPI Core 0.2% M/M, Exp. 0.3%PPI Core 6.7% Y/Y, Exp. 7.2%, — zerohedge (@zerohedge) November 15, 2022 The final rallies before recessions are always the …
Twitter said it faced $33 million in costs during the quarter related to the acquisition. In addition to Musk’s deal, the company cited “advertising industry headwinds associated with the macroenvironment.” TWITTER MISSES ON EARNINGS, CITES ELON MUSK ACQUISITION ‘UNCERTAINTY’ AS …
HONG KONG (Reuters) – Chinese property developer Shimao Group has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China’s embattled property market. The non-repayment was the first missed …
by Martin Armstrong Finance Minister Chrystia Freeland announced on Thursday that most foreigners would be barred from purchasing real estate in Canada for the next two years in an effort to combat the housing crisis. Home prices in Canada have risen over …
60X PE for $AMZN – Where will be in 3mths Q1-22? i) Sales 4% downgrade today – so ecommerce likely delivering even larger losses (-$2bn Q4-21!)ii) RIVN mark to market -$4bn in losses – stock down -50% since 👀 — …
Ratings agencies have downgraded Chinese developers Fantasia Holdings and Sinic Holdings over risks from their strained cash flow situations. Fantasia Holdings did not repay a bond that matured on Monday, it said in a filing to the Hong Kong exchange …
via encouragingangels: This could be the biggest story of the day, week, month and the year…if not the decade. Posting some quotes below. Evergrande is HUGE, HUGE and HUGE. They owe $300 billion and can no longer make the interest payments on their …
by confoundedinterest17 C’mon, Congress will have to approve a massive increase in the US Statutory Debt Limit. But CNBC has the tantalizing “Doom Porn” headline: “Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline.” The Treasury Department will begin conducting …
“We’ve got to do several things, and I am, adamantly against illegal immigrants. We’ve got to do more at our borders and people need to stop employing illegal immigrants.” — Hillary Clinton interview on John Grambling radio show (Feb. 2003), …
by timeinthemarket CNBC: Kraft Heinz slashes dividend, discloses SEC subpoena — stock tanks Kraft Heinz disclosed it has received a subpoena from the SEC as part of an investigation into the company’s procurement accounting policies. The company is also trimming its …
Earnings: $1.22 per share as expected by analysts, excluding certain items, according to Refinitiv. Revenue: $19.01 billion as expected by analysts, according to Refinitiv. https://www.cnbc.com/2019/01/24/intel-earnings-q4-2018.html
Netflix Free Cash Inferno pic.twitter.com/U8W5PTanzm — zerohedge (@zerohedge) January 17, 2019 Last October, when Netflix reported stellar Q3 earnings and guidance there were many skeptics who said there is no way Netflix could possibly hit its impressive forecasts. They were right, because moments ago …
Ruth Bader Ginsburg Misses Court Arguments for Second Day, First Time in Her Career. She needs to retire. https://www.youtube.com/watch?v=e8e_gVfby7k
by DCG Shocker, not. Pandering to the social justice warriors doesn’t guarantee they’ll boost your profits. From CNBC: Shares of Dick’s Sporting Goods plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than …
by dying_to_be_vain As the Reuters’ headline says, Omnicom’s organic growth misses estimates as U.S. clients curb spending. Omnicom reported a 2 percent rise in organic revenue – a closely watched measure that excludes foreign exchange rate changes and mergers. Analysts, on …
The streaming giant added 5.15 million subscribers during the period, less than the 6.2 it had forecast in April. Netflix shares dropped significantly on Monday after it reported slower subscriber growth than expected. The streaming giant, which has seen user …
by Shaun Richards Yesterday brought the latest forecasts from the IMF ( International Monetary Fund). Don’t worry I am not concerned with them as after all Greece would be now have recovered if they were right. But there is a …
Looks like the FBI was told about the mass murderer before he went on a rampage that left 17 dead in a Florida high school this week. This isn’t the first time the FBI was tipped off about a mass …
Setback is largely due to the struggling Viceland cable-TV channel Vice Media, working to stabilize its executive ranks, endured a substantial revenue miss last year and is trying to fend off shareholders pressing for an exit. Vice, whose $5.7 billion …