Week Ahead: Earnings Expectations For WMT, COIN, TDOC, NVDA And More
As we reach the end of a tumultuous earnings season with roughly 81% of the S&P companies reporting earnings already, we come into the short week of February 20 with a number of highly anticipated earnings. Walmart Inc. (NYSE: WMT) Walmart, the online and brick and mortar provider of consumer goods is reporting their fourth […]
Magnitude 6.3 Earthquake Hits Southern Turkey Near Coast
Another earthquake has rocked Turkey, with a 6.3 magnitude earthquake hitting the country in the province of Hatay, near its southern border with Syria. The earthquake, which struck near to the coast, was said to have been felt in Turkey, Syria, Cyprus and as far south as Israel, Jordan, and Egypt. The large quake comes […]
Norfolk Southern: What Will The Financial Impact From The Ohio Derailment Be?
People living in and around East Palestine, Ohio will likely remember and, more importantly, be affected by the February 3, 2023 derailment of a Norfolk Southern Corporation (NYSE: NSC) train carrying the hazardous materials butyl acrylate and vinyl chloride for quite some time. Butyl acrylate can cause lung damage. The effects of vinyl chloride, which is used to […]
Tesla Said To Lose Out On 58% Lithium Battery Discount Offered By CATL
Contemporary Amperex Technology Co., Limited (CATL), the world’s largest electric vehicle (EV) battery maker, is reportedly offering sharp discounts on battery purchases to major Chinese auto manufacturers like NIO, Li Auto, Huawei, and ZEEKR, according to the Chinese media outlet 36Kr. CATL, which produced 37% of the world’s EV batteries in 2022, considers these four […]
Facebook To Roll Out “Meta Verified” Subscription Service
Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg is taking a page out of Elon Musk’s playbook. It appears that Facebook will be going down the same “verified” path that Musk has taken Twitter as it looks to boost its revenue sources. The platform will begin rolling out what it refers to as “Meta Verified.” The […]
The Fun Is Over: Walmart Closes Office Locations, Ends Remote Work for Tech Staff
The tech sector expansion is no more: thanks to a looming recession, major US companies are cutting employee count, shuttering offices, and putting an end to remote work flexibility. Walmart Inc. (NYSE: WMT) is the latest company to curtail its pandemic expansion, and will be shuttering several of its US-based tech hubs whilst requiring remote […]
Retail Investors Are Plowing $1.5 Billion Into Markets Each Day
Retail investors played an enormous role in the market’s rally over the first seven weeks of 2023, according to Vanda Research, a global independent research company. Retail traders funneled a net average of just over US$1.5 billion per day into U.S. equity markets over the last 21 days, eclipsing the previous 21-day rolling peak set […]
Peabody Energy: Coal Miner Expected To Launch Buybacks, Dividend Program
On February 14, the U.S. and Australia-based coal mining company, Peabody Energy Corporation (NYSE: BTU), reported robust fourth quarter 2022 earnings. The company reported 4Q 2022 revenue and EPS from continuing operations of US$1.63 billion and US$3.89, up from US$1.34 billion and US$2.34, respectively, in 3Q 2022. Peabody’s principal business is exporting: 1) thermal coal it mines […]
Jimmy Carter Under Hospice Care at Home
Former U.S. President Jimmy Carter, who at 98 years old is the longest-living former American president, has entered hospice care at his home in Plains, Georgia, after a series of short hospital stays. According to a statement from the Carter Center, the 39th president decided to spend his remaining time at home with his family […]
Montreal Has The Dirtiest Air In Canada: Analysis
According to a new air quality analysis, Montreal has the poorest air quality in Canada, with its citizens absorbing particles equivalent to smoking 124 cigarettes each year. HouseFresh, an air quality improvement company, examined data on typical PM2.5 concentrations in cities throughout the world to calculate the number of cigarettes proportional to the air pollution. […]