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
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 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
Just how much do Snap Inc.’s issues translate to the rest of the internet’s major ad companies? That was a hot topic among investment analysts Friday as Snap shares SNAP, -26.59% posted their worst single-day percentage decline on record, and as other large online-ad companies fell with it. Snap came up short on revenue in … Read more
Dow Jones futures open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had solid gains last week, with the Dow Jones and S&P 500 hitting record highs. The Nasdaq composite moved closer to record levels despite rising Treasury yields and Friday’s big sell-offs by Intel (INTC) and Snap (SNAP). … Read more
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
(Bloomberg) — One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. Most Read from Bloomberg That’s the view of two of the biggest names in Canadian mining — the former chiefs of Goldcorp Inc., David Garofalo and Rob … Read more
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 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
Facebook Inc.’s Teflon sheen has been impenetrable, even as the past few weeks of bad news has put its brand name and investors to such a test that the company is reportedly planning a name change. Financially, though, the worst may actually be yet to come for the social-networking company, as the specter of a … Read more