By Wayne Cole SYDNEY, May 18 (Reuters) - Asia share markets slipped on Monday as fresh drone attacks in the Gulf pushed up oil prices and bond yields, while the AI boom is set to be tested by earnings
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Whirlpool (NYSE:WHR) CEO Marc Bitzer is making one of the bluntest recession comparisons of this earnings cycle. According to the Morning Brew Daily podcast segment covering the company’s Q1 results, CEO Bitzer told investors: “This level of industry decline is similar to what we have observed during the global financial crisis and even higher than ... Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis
Workday (WDAY) shareholders have had a brutal year, and Wall Street keeps adding to the pile. The enterprise software giant has lost more than half its market value since early 2024, and the downgrades have stacked up across the sector as AI agents reshape how analysts model traditional SaaS ...
Korn Ferry currently trades at $64.52 per share and has shown little upside over the past six months, posting a small loss of 0.7%. The stock also fell short of the S&P 500’s 9.9% gain during that period.
Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller...
When a stock jumps 13% in the session after earnings day, and the analyst covering it still cuts the price target, something interesting is happening, and you may want to dig beneath the surface. That is exactly the situation unfolding at Figma (FIG) right now. The design software company delivered ...
Warsh is walking a tightrope as he tries to influence Fed policy.
Thermon Group delivers industrial heating solutions worldwide, serving sectors from energy and transit to tech and manufacturing.
Biogen (NASDAQ: BIIB) has had a rocky few years. Its multiple sclerosis franchise has been bleeding market share to generics and biosimilars, revenue has trended down, and the stock spent much of 2025 trading near multi-year lows. So when Goldman Sachs steps up with a price target hike to $250, ...
Advanced Micro Devices (AMD) has gained about 98% year to date, according to Yahoo Finance at the time of writing, Sunday morning, May 17. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.4% in the same period. The company has outpaced the S&P 500 by a huge margin. That is impressive, ...
New federal filings show the president executed thousands of stock transactions in the first three months of 2026 — including purchases whose timing critics say coincided with his administration's regulatory decisions.
The stock market is near highs but oil prices and yields are headwinds with Trump issuing new Iran threats. Nvidia and Walmart earnings loom.
While Ford and General Motors wrestle with their China strategies, Stellantis is doubling down on the world's largest auto market. Stellantis, the maker of Jeep, Ram, and Peugeot, just made two sweeping moves that signal a sharply different playbook from its American rivals. The decisions ...
A 58-year-old engineer in Palo Alto, married filing jointly, earns $750,000 a year, has already stuffed $4 million into 401(k)s and IRAs, and parks another $1.2 million in a brokerage account that holds a single S&P 500 fund. The 401(k) is maxed. The mega backdoor Roth is maxed. The next tax dollar saved has to ... The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit
Spending $20 billion in a single year is a bold statement, and spending $25 billion is a declaration of war (not quite!). That's essentially what Nebius GroupCEO Arkady Volozh said on the company's May 13 first-quarter 2026 earnings call. He raised the capex guidance aggressively and ...
When the CEO of America’s largest appliance maker compares today’s demand to the 2008 financial crisis, it’s worth pausing before you swipe for that new fridge. On the latest earnings call, Whirlpool chief Marc Bitzer told investors that “this level of industry decline is similar to what we have observed during the global financial crisis ... Worried About a Recession? Here’s What Appliance Makers Say Before You Buy Big-Ticket Items
Jef Bezos and his wife, MacKenzie Scott, drove from New York City to Seattle to start Amazon.com in a rented garage. They stayed there and made Washington’s biggest city the headquarters for the world’s biggest online retailer. Later on, the company grew, and as part of its expansion, it set up a ...
Earlier this week, Gemini Space Station, Inc. reported first-quarter 2026 revenue of US$50.27 million, a net loss of US$108.98 million, and secured a US$100 million investment from Winklevoss Capital Fund amid multiple securities class action lawsuits over its IPO disclosures and business pivot. The combination of stronger sales, fresh founder-backed funding, and litigation over Gemini’s shift from its core crypto exchange toward prediction markets highlights a company undergoing significant...
Markets face a reasonably quiet week, but it will be dominated by Wednesday's Nvidia (NVDA) earnings and Alphabet's two-day developer conference, creating a critical test for AI infrastructure investment sustainability and technology sector leadership.
Steve Jobs had a reputation for arrogance when he was forced out of Apple in 1985. His struggles at NeXT humbled him.
Seven years after Ethiopian Airlines Flight 302 went down outside Addis Ababa, a federal jury in Chicago is still assigning a dollar value to what Boeing's failures cost one family. On May 13, that number came in at $49.5 million. The verdict is not large enough to threaten Boeing's balance sheet. ...
(Bloomberg) -- Long Island Rail Road riders are bracing for hourslong Monday-morning commutes as a salary fight between the nation’s busiest commuter rail line and its employees forced a systemwide shutdown, the first in more than 30 years.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimWHO Ebo
Cruising has become a popular vacation option at least partly because of the value proposition it offers compared to a land-based vacation. Value is consistently among the top three reasons people board one of Royal Caribbean’s 68 ships, Royal Caribbean Group CFO Naftali Holtz told the Wall Street ...
Cash is suddenly king again on Wall Street. With recession fears lingering, interest rates still elevated, and consumers showing signs of fatigue, corporate America has been preparing for rougher weather ahead. Few companies have prepared more aggressively than Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B). The conglomerate ended the first quarter sitting on a staggering $397.6 billion cash pile, ... Warren Buffett’s Berkshire Hathaway Just More Than Tripled Its Stake in Alphabet
Camden, Ark.—When the Pentagon put out an urgent call for rocket launchers and ammunition to send to Ukraine and replenish supplies at home in 2022, an answer came from an unlikely place: this remote southern pine-belt town, population around 10,000. Lockheed Martin one of the defense contractors clustered in the east part of Camden and already one of the town’s biggest employers, was reeling in government orders to produce more mobile rocket launchers. Other big defense contractors in the area also soon landed contracts to produce ammunition and expand their rocket facilities in Camden.
MACOM’s second quarter results for 2026 were met with a notably positive market response, reflecting ongoing strength across its core end markets. Management emphasized robust customer demand in Data Center, Industrial, and Defense, all of which contributed to significant year-over-year growth. CEO Stephen Daly credited increased bookings—particularly in Data Center, where both revenue and backlog reached new highs—and pointed to operational improvements that enhanced gross and operating margins
A California woman says her estranged husband filed a joint federal tax return using her Social Security number without her consent, redirected more than $14,000 in refunds to his own bank account, and left her dealing with the fallout while...
SpaceX is fine-tuning the details of Wall Street's largest-ever initial public offering (IPO), including its ticker symbol, the exchange on which it'll trade, a pre-IPO stock split, and its targeted debut date.