Procter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products.Despite higher costs from tariffs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment,” P&G reiterated its forecast for all-in sales and earnings for the fiscal year, which began in July.Here’s what the company reported for the quarter that ended on Sept. 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.99 adjusted vs. $1.90 expectedRevenue: $22.39 billion vs. $22.18 billion expectedP&G reported fiscal first-quarter net income…
Author: usaeverydaylife
With Netflix trading below from its 200-day moving average, the time to buy into the dominant streaming platform is now, says Josh Brown, CEO of Ritholtz Wealth Management. Although still up 24% on the year, shares of Netflix fell 8% this week after third-quarter earnings missed analyst estimates and revenue only matched expectations. The stock fell 10% on Wednesday alone, the day after posting its third-quarter results. Shares touched an intraday low of $1,100.15 Friday, below Netflix’s 200-day moving average, which currently sits at $1,115.43. The 200-day moving average is a key technical indicator widely used by technical analysts to…
CNBC’s Julia Boorstin reports on the looming expiration of the WNBA’s collective bargaining agreement. Source link
As Wall Street approaches the heigh of earnings season, CNBC’s Jim Cramer pinpointed the most important events happening next week — including the Federal Reserve’s meeting and earnings from Big Tech.Earnings are especially important as the government shutdown delays macro economic data, according to Cramer. He added that Friday’s gains make him fairly wary.”I wouldn’t be fretting so much about next week if it weren’t for today’s incredible rally that took tech to the moon,” he said. “But the unrestrained nature of the move makes me feel that there has to be a trick to go with today’s treat —…
My fellow Americans:Prime Minister Nakasone of Japan will be visiting me here at the White House next week. It’s an important visit, because, while I expect to take up our relations with our good friend Japan, which overall remain excellent, recent disagreements between our two countries on the issue of trade will also be high on our agenda.As perhaps you’ve heard, last week I placed new duties on some Japanese products in response to Japan’s inability to enforce their trade agreement with us on electronic devices called semiconductors. Now, imposing such tariffs or trade barriers and restrictions of any kind…
In this photo illustration, iPhone screens display various social media apps on the screens on February 9, 2025 in Bath, England.Anna Barclay | Getty Images News | Getty ImagesThe European Commission, the executive arm of the European Union, said on Friday that it had preliminarily found both TikTok and Meta in breach of its transparency rules.It accused the U.S. tech giants of breaching their obligation to give researchers “adequate access” to public data under the Digital Services Act (DSA) — the EU’s landmark tech legislation.”The Commission also preliminarily found Meta, for both Instagram and Facebook, in breach of its obligations to provide users…
“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.”When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.Intel’s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”Along with Intel, other tech names that are also supply…
Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, on Jan. 31, 2025.Carlos Osorio | ReutersOntario Premier Doug Ford clapped back Friday at President Donald Trump for terminating all trade negotiations with Canada over an ad that Ontario has been running in the U.S. featuring former President Ronald Reagan criticizing tariffs.Trump late Thursday night cited a complaint about the ad by The Ronald Reagan Presidential Foundation and Institute for his decision to end talks.”TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL…
Check out the companies making headlines in midday trading. Ford Motor — The Detroit automaker surged 10.7% following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Alphabet — Shares of the tech giant popped 2.5% after artificial intelligence company Anthropic and Alphabet’s Google officially announced their cloud partnership . The deal, worth tens of billions of dollars, gives Anthropic access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Intel —…
Check out the companies making headlines before the opening bell : Intel — The chip stock surged more than 7% in premarket trading after the company reported better-than-expected revenue as demand for its core x86 processors for PCs recovered. Ford Motor — The Detroit automaker moved 4.2% higher following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Applied Materials — Chip equipment manufacturer saw shares dip slightly after the firm announced it is laying…
