Check out the companies making headlines in midday trading: McDonald’s — The fast-food giant jumped more than 3% following its earnings announcement . While adjusted earnings came in at $2.83 per share, in line with expectations, revenue of $6.39 billion fell short of the $6.44 billion LSEG consensus estimate. The company’s same-store sales growth of 0.4% topped the 1% decline expected from analysts polled by StreetAccount. Edgewell Personal Care — Shares tumbled 10.7% after the personal products company’s fiscal first-quarter report fell short of expectations. Edgewell reported adjusted earnings of 7 cents per share on revenue of $478.4 million. Analysts…
Author: usaeverydaylife
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | ReutersFive former Treasury secretaries warned Monday that recent actions at the Treasury Department by Trump administration officials and Elon Musk’s DOGE team raise “substantial cause for concern” that the United States’ financial commitments are being “unlawfully” undermined.”We have during our service in the Treasury Department faced moments of crisis, when the specter of an American default loomed,” the former secretaries wrote in a New York Times op-ed.”Any hint of the selective suspension of…
Jyoti Bansal, co-founder and CEO of startup Harness.HarnessJyoti Bansal knows about weird acquisitions.Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster initial public offering. A day before the offering, Cisco swooped in and bought the company for $2.7 billionNow Bansal is at the center of an equally unconventional combination.Since 2020, Bansal has been running two startups as co-founder and CEO: Harness and Traceable. The former’s technology helps companies manage code and the latter’s software observes where companies are unintentionally letting out sensitive data.Late this month or early next, Harness and Traceable will merge. The resulting…
In becoming the most successful quarterback in NFL history, Tom Brady walked to the line of scrimmage with the answers to the test.As if his mind were working in 4-D, he knew the defense’s plan, as well as his opponent’s. His lightning-quick processing resulted in seven rings and the title of the greatest NFL quarterback of all time.As a $375 million NFL game analyst, Brady has a ways to go if his words are going to lead Fox Sports’ championship coverage instead of just being a part of it.His presence might have made the Super Bowl LIX broadcast feel bigger,…
Photo illustration show bills of US dollars and Brazilian Reais on December 19, 2024 in Rio de Janeiro, Brazil. Buda Mendes | Getty ImagesBrazil’s finance minister rejected on Monday a report saying the country was planning to impose taxes on U.S. tech companies if President Donald Trump proceeds with plans to introduce a 25% tariff on all U.S. steel imports.”The information is not correct,” Fernando Haddad wrote on social media, after the newspaper Folha de S.Paulo reported that President Luiz Inacio Lula da Silva’s administration was mulling tariffs on big tech firms as retaliation.The South American country is one of the…
Hedge fund billionaire David Tepper continued to increase his all-in bet on China at the end of 2024, scooping up shares of the biggest e-commerce names in the developing country. Appaloosa Management raised its stakes in Alibaba , PDD and JD.com in the fourth quarter as they continued to be among Tepper’s biggest holdings, according to a new 13F regulatory filing. The hedge fund also increased its investment in iShares China Large-Cap ETF (FXI) last quarter to a stake worth more than $200 million. The fund also boosted its ownership in KraneShares CSI China Internet ETF (KWEB) . In late…
The DeepSeek sell-off was just two weeks ago, but the stock prices of companies tied to artificial intelligence are starting to look like it never happened. The rise of the Chinese competitor to large language models such as ChatGPT, at supposedly a fraction of the cost , scrambled the narrative of the AI trend and sparked dramatic selling of some of the market’s biggest winners. Shares of Nvidia plunged nearly 17% on Jan. 27, leading to the largest one-day decline in market value of any stock in history. But now Nvidia has recovered most of that one-day drop and is…
U.S. President Donald Trump meets with Japan’s Prime Minister Shigeru Ishiba (not pictured) at the White House in Washington, U.S., Feb. 7, 2025. Kent Nishimura | ReutersThe federal judge who paused the Trump administration’s offer of mass buyouts for government workers will hear arguments Monday afternoon about the legality of the “deferred resignation” program.More than 60,000 federal employees had reportedly taken the buyout offer when Judge George O’Toole Jr. issued a nationwide injunction last Thursday, pausing the program just hours before the deadline for workers to accept it.In response, the U.S. Office of Personnel Management shifted that deadline to Monday at…
NEW ORLEANS — Nick Sirianni leaned back, stretched his arms across the aluminum bench on the Philadelphia Eagles’ sideline and nodded his head back and forth.The feistiest coach in football was … chilling? Ten minutes before kickoff in the Super Bowl?“I wanted the players to see me,” he said later as he made his way to the Eagles’ locker room following Philadelphia’s 40-22 victory over the Kansas City Chiefs. “I actually wanted them to come sit next to me.”It was something that stayed with the Eagles’ head coach from two years ago, all the empty time that follows the game’s…
President Trump is tough on China when it comes to trade. He especially points to one number to say we’re being ripped off: our trade deficit. Ana Swanson, who covers trade and international economics for The New York Times, explains Trump’s approach to lowering the trade deficit with China and why some economists question his strategy. Source link
