Honeywell Earnings Beat Expectations. It’s a Shame About the Guidance.

Honeywell Earnings Beat Expectations. It's a Shame About the Guidance.

Text size The industrial giant’s third-quarter profit was fine, but higher costs forced the company to lower its full-year forecast. David Williams/Bloomberg Honeywell International’s third-quarter earnings were fine, but the company’s fourth-quarter guidance disappointed because inflation is running hot. Honeywell (ticker: HON) earned $2.02 in adjusted per-share earnings from $8.5 billion in sales. Wall Street … Read more

Google earnings aren’t as exposed to Apple change that sunk Snap, but Alphabet has its own worries

Google earnings aren't as exposed to Apple change that sunk Snap, but Alphabet has its own worries

The same factors that torpedoed Snap Inc.’s earnings results ominously linger as investors await Alphabet Inc. parent Google’s financial results on Tuesday. Google GOOGL, -3.04% GOOG, -2.91% could be hindered by a change in Apple Inc.’s AAPL, -0.53% privacy policy that makes it harder to target and measure digital advertising as well as a choked … Read more

Phunware COO Weighs In On Stock’s Crazy Surge

Phunware COO Weighs In On Stock's Crazy Surge

Phunware Inc (NASDAQ: PHUN) has dominated headlines Friday, with the stock trading up more than 500% over the last two sessions. The company runs a fully integrated cloud platform that provides data, solutions and products in a mobile-first environment. Notably, Phunware created and designed former President Donald Trump’s 2020 reelection campaign app. The company was … Read more

Turns Out Tesla Is Right. EV Buyers Only Want Teslas.

Turns Out Tesla Is Right. EV Buyers Only Want Teslas.

Text size Tesla’s brand has become synonymous with electric vehicles. Joe Raedle/Getty Images Electric-vehicle sales around the world are rising while sales of conventional cars are falling. There are few reasons for that. Tesla —alone—might deserve the bulk of the credit. “There appears to just be quite a profound awakening of the desirability for electric … Read more

Want to Play the Trump SPAC? Consider the Warrants.

Want to Play the Trump SPAC? Consider the Warrants.

Text size Former President Donald Trump Brendan Smialowski/AFP via Getty Images The wild, Reddit-fueled trading in Digital World Acquisition — better known as the Trump SPAC — has left the company’s warrants as a cheap play on the surging stock.  Shares of the special purpose acquisition company, or SPAC, which plans to merge with former … Read more

Federal Reserve ‘on track’ for tapering asset purchases

Federal Reserve 'on track' for tapering asset purchases

Federal Reserve Chairman Jerome Powell is readying markets for an announcement of a slowdown in its asset purchases, suggesting that the U.S. economic recovery looks fit enough to sustain reduced Fed stimulus as soon as next month. Powell said the Fed is “on track” to begin slowing the pace of its U.S. Treasury and agency … Read more