Q4 2018 earnings season

Key Takeaways Analysts estimate adjusted EPS of $1.48 vs. $1.69 in Q1 FY 2022. U.S. comparable sales (excluding fuel sales) are expected to rise YOY, but at less than half the pace of the same quarter a year ago. Revenue is expected to barely increase for the second straight quarter as the boost from the pandemic continues to wear off. Walmart Inc. ( WMT ), one of the world's biggest retailers, enjoyed unusually strong earnings and revenue growth during the past two years. The key driver was consumers who changed their buying patterns in several ways during the pandemic. Walmart's e-commerce sales soared as people sheltering at home boosted their shopping online. And consumers also spent more on manufactured goods as they spent less on dining out and traveling. But these pandemic-related forces are beginning to lose momentum. As a result, Walmart's growth has begun to slow sharply. Investors will be watching whether Walmart can reverse its slowdown in growth when … [Read more...] about Walmart Q1 FY2023 Earnings Report Preview

Share to Twitter Share to Linkedin Oklahoma City Thunder guard Josh Giddey had a spectacular rookie season. The second-youngest player in the NBA during the 2021-22 season, he proved to be one of the most promising prospects in the league. As such, Giddey earned Kia NBA All-Rookie Second Team honors on Wednesday night. He became one of ten rookies to be named to an NBA All-Rookie team and made Thunder history as the fourth player in franchise history to earn NBA All-Rookie team honors. First Team: Scottie Barnes (Toronto) Cade Cunningham (Detroit) Jalen Green (Houston) Evan Mobley (Cleveland) Franz Wagner (Orlando) Second Team: Ayo Dosunmu (Chicago) Chris Duarte (Indiana) Josh Giddey (Oklahoma City) Bones Hyland (Denver) Herbert Jones (New Orleans) A starter from day one in Oklahoma City, Giddey immediately made it clear why he was the No. 6 overall pick in the 2021 NBA Draft. With a unique combination … [Read more...] about Future Thunder Star Josh Giddey Earns NBA All-Rookie Second Team Honors

PUTRAJAYA: Prime Minister Datuk Seri Ismail Sabri Yaakob says that the appointment of Datuk Seri Tajuddin Abdul Rahman as ambassador to Indonesia was agreed by both Malaysia and the republic. He added that Tajuddin received a letter from Indonesian President Joko Widodo on his new post. “We (the government) have agreed to the appointment and Indonesia has also agreed to the appointment,” he said here yesterday. Asked on criticisms over Tajuddin’s appointment as ambassador, Ismail Sabri said some people would not be happy about it. “Whoever is appointed, there are bound to be those who will not be happy or satisfied. But Tajuddin is a seasoned politician and has vast experience. Let’s just wait for him to carry out his duty as ambassador,” he said. Tajuddin is expected to report for duty later this month. He will be replacing senior diplomat Datuk Zainal Abidin Bakar who has served as Malaysian ambassador to Indonesia since 2018. On Nov 9 last year, Tajuddin was spotted … [Read more...] about New envoy Tajuddin a seasoned politician, says Ismail Sabri

U.S. equity markets are falling as tensions ratchet higher between Russia and Ukraine, with U.S. officials saying they expect a Russian attack on its neighbor shortly. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Key Takeaways U.S. equity markets are falling as investors watch developments in the ongoing tensions between Russia and Ukraine. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Roku shares are plunging while FAAMG stocks, Tesla, and Intel all slide. Shares of all the FAAMG tech companies are lower. Tesla Inc. ( TSLA ) shares are declining 3%. Shares of semiconductor companies are dropping after Intel Corp. ( INTC ) warned of lower profit margins this year. Roku Inc. ( ROKU ) shares are plunging on its earnings report (more below). Shares of big industrial firms including Boeing Co. ( BA ), Honeywell International … [Read more...] about Russia–Ukraine Tensions Soar as Shelling, War Talk Increase; Investors Flee Stocks

Share to Twitter Share to Linkedin Topline The U.S. Soccer Federation has reached new historic collective bargaining agreements to ensure equal pay and prize money for its men’s and women’s national teams, it said Wednesday morning, following a years-long battle fought by the four-time World Cup-champion women’s national team to guarantee equal compensation. Key Facts The two collective bargaining agreements—which last through 2028—include identical pay for all international soccer competitions, including the FIFA World Cup. U.S. Soccer will become the first national governing body to ensure equal prize money from FIFA by pooling prize funds and splitting them equally among the men and women’s national teams beginning with the 2022 Men’s tournament and the 2023 Women’s World Cup. Men’s and women’s national team players will also earn identical game bonuses, the federation said. The deals come three months after U.S. Soccer settled … [Read more...] about Soccer Federation Reaches Historic Deals Guaranteeing Equal Pay For Men And Women Players

The U.S. women’s national soccer team is the defending world champion heading into the 2019 FIFA Women’s World Cup, which kicks off in France on Friday. They are expected to win, although France and Germany may have other ideas during the course of the competition, which runs from June 7 through early July. advertisement advertisement The U.S. women’s national team is a mix of new players and returning stars like Alex Morgan, Megan Rapinoe, and Julie Ertz, all determined to keep the title in the United States. In addition to fame and glory, they are probably looking forward to bringing home some of the competition’s prize money, too, as this year boasts the largest pool in Women’s World Cup history. Soccer’s governing body, FIFA, upped the prize money in the hopes of deflecting criticism about a gender pay gap between the men’s and women’s tournaments. While they doubled the payout for the winning teams—this year’s champs will take home $4 million, … [Read more...] about Here’s how much Women’s World Cup soccer players are paid compared to men

Share to Twitter Share to Linkedin Faster, higher, stronger: It’s an attitude that pays off on the field as well as off it. The world’s 50 highest-paid athletes raked in $2.97 billion before taxes and agents’ fees over the 12 months ending May 1, smashing 2021’s record total of $2.76 billion. This year’s list features many more notable numbers, however. Here’s a breakdown. 3: The number of athletes who surpassed $100 million in total earnings over the last 12 months. LeBron James, with $121.2 million, reaches the milestone for the first time on the Forbes athletes list while Lionel Messi ($130 million) and Cristiano Ronaldo ($115 million) are each five-time members of the century club. Only seven other athletes have ever accomplished the feat: Roger Federer, Floyd Mayweather, Conor McGregor, Neymar, Manny Pacquiao, Dak Prescott and Tiger Woods. 6: The number of athletes in the top 50 who had never appeared on a Forbes athletes list: … [Read more...] about The 50 Highest-Paid Athletes Made Nearly $3 Billion; Here’s A Breakdown Of The Numbers

Graphics chipmaker NVIDIA Corporation ( NVDA ) has agreed to pay $5.5 million to settle charges leveled by the Securities and Exchange Commission (SEC) that it failed to adequately inform investors about the demand cryptocurrency miners had placed on its graphics cards. Crypto mining involves obtaining rewards earned in cryptocurrency for verifying transactions on distributed blockchain ledgers. Key Takeaways NVIDIA has agreed to pay $5.5 million for failing to adequately inform investors about the demand cryptocurrency miners had placed on its graphics cards. The SEC claimed NVIDIA failed to report that crypto mining had generated significant revenue growth in two consecutive quarters during its 2018 fiscal year. In March 2021, NVIDIA released a new series of semiconductors called Cryptocurrency Mining Processor (CMP), specifically designed for mining Ether. Demand for the company's CMP hardware has slumped in line with sharp falls in cryptocurrency prices. … [Read more...] about NVIDIA (NVDA) Fined $5.5M for Failing to Disclose Crypto Mining Impact

- A + A HONG KONG (May 18): Smarting from HSBC Holdings Plc’s move to scrap its dividend during the height of the pandemic, the bank’s largely silent mass of retail shareholders in Hong Kong is warming up to the idea of a breakup. Splitting up Europe’s biggest bank to separate out its Asian operations is being pushed by its largest investor, Ping An Insurance Group Co, based just across the border in Shenzhen. The call is winning support in Hong Kong’s retail base, which owns about a third of the bank, with some seeing it as a surefire way of preventing the steady stream of payouts from being cut off again. Their loyalty has been tested as numerous pivots in strategy fail to impress the market, leaving dividends at half of what they were in 2018 and the stock down more than 40%. The former British colony is the beating heart of the bank’s global operations, accounting for about 30% of the group’s 2021 adjusted profits. Yet decisions such as the halting of dividends … [Read more...] about HSBC’s mass of Hong Kong retail investors warms to breakup

Amber Heard claims that Warner Bros. "didn't want to include me" in the upcoming Aquaman sequel due to the fallout of her divorce from Johnny Depp. The actor said during her defamation trial against Depp that she was actively scheduling timing for filming the second Aquaman movie until Depp's team called her a liar regarding her abuse claims against Depp. Heard said that communications about the sequel stopped at that point. Heard stars as Mera in several comic book films from Warner Bros. and DC Entertainment. She debuted as the character in Justice League in what she called a three-picture option. The second film was Aquaman , in which she had a more co-lead role opposite Jason Momoa and for which she earned US$1mil. ALSO READ: Petition to remove Amber Heard from 'Aquaman' sequel hits 3 million signatures Heard said she earned twice as much for Aquaman 2 , the third film in her contract, but also said that he role in the film was a very pared-down version. "I … [Read more...] about Amber Heard says ‘Aquaman 2’ role ‘pared down’ due to fallout with Johnny Depp