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Share to Twitter Share to Linkedin NextEra Energy Inc. stock (NYSE: NEE), a provider of electricity-related energy services, has declined by 11% over the last ten trading days (two weeks) and currently stands at around $74. Its principal subsidiary, FPL, is a rate-regulated utility engaged primarily in the generation, distribution, transmission, and sale of electric energy. Investors were underwhelmed by NextEra’s results and outlook for 2023. While Q4 operating revenue grew to $6.16 billion (up from $5.05 billion in the year-ago period), it missed analysts’ expectations for $6.3 billion in revenue. However, adjusted earnings grew by 24% year-over-year (y-o-y) to $0.51 per share and were above analyst expectations of $0.49 per share. Looking ahead, the company mentioned that it will continue growing at a healthy rate for a utility, albeit at a slower pace than last year. It anticipates adjusted earnings to rise in the range of $2.98 to $3.13 per share this year, … [Read more...] about NextEra Energy’s Stock To Likely Rebound After Falling 11% Over Ten Days

Share to Twitter Share to Linkedin Topline Despite waves of layoffs hitting some of the nation’s largest employers, the unemployment rate unexpectedly fell, and the labor market added back more jobs than expected in January—adding to signs the economy may not be slowing down enough enough for the Federal Reserve to back away from its aggressive campaign to tame rising prices. Key Facts Total employment increased by 517,000 in January—significantly more than the 187,000 new jobs economists were expecting, according to data released Friday by the Labor Department. Despite growing announcements of corporate layoffs last month, the unemployment rate fell to 3.4%—coming in below expectations for it to tick up to 3.6% and instead hitting the lowest level since 1969. "While we have seen many reported layoffs in the tech industry, there are other segments that are continuing to thrive," Bill Armstrong, president of recruiting at Safeguard … [Read more...] about Labor Market Added 517,000 Jobs In January—Unemployment Rate Falls To 54-Year Low Of 3.4%

Share to Twitter Share to Linkedin Apple just blamed its weakest quarter in years on forces outside its control. But something else could be behind Apple’s 5% drop in sales for the most recent quarter. Apple is violating one of the most basic requirements for growth: customers will switch to the product that offers them the most value. Based on listening to my undergraduate students this week, many are feeling like fools for being locked in — via the iPhone — to Apple’s “ecosystem.” They would rather own a product that costs less and works better. Apple’s business is dependent on essentially jailing its customers within its ecosystem. The iPhone is a 15 year old product — that accounted for 56% of Apple’s revenues in the latest quarter. It competes in a declining smartphone industry — shipments were down 18% in the latest quarter, according to the Wall Street Journal . Apple’s growth problem is not really due to macroeconomics or supply chain … [Read more...] about With Revenue Down 5.5%, Tim Cook Presides Over Shrinking Apple

Share to Twitter Share to Linkedin Tech entrepreneurs and companies with digital offerings may choose to expand their offerings to include physical products. An essential first step, of course, is developing an offering that truly addresses a market need. However, a great product alone won't guarantee success, and tech companies must be prepared for the unique challenges that come along with a physical launch. To help, the members of Forbes Technology Council offer 15 expert tips for moving into the physical product space. 1. Gauge Customer Response Although it’s important to get internal buy-in within your organization before moving into the product space, the real key to a successful marketing and sales approach is validating your value proposition within your customer base. Gauging customers’ perceptions and needs can help you tailor your strategy and ensure you’re creating products that deliver real value. - Kevin MacDonald , Bluesight 2. … [Read more...] about 15 Tips For Tech Companies Launching Physical Products

Food inflation remains a problem for both national governments and households across the world as the factors that caused fast-rising prices last year, such as Russia’s invasion of Ukraine, are still influencing the world market, according to the United Nations (UN). In their latest monthly report, the Agricultural Market Information System (Amis) which is administered by the UN’s Food and Agriculture Organization, said the decrease in world market prices of staple foods during the second half of 2022 has, at best, slowed domestic food price inflation, which remains stubbornly high in most parts of the world. “Food affordability thus remains a challenge at both the macroeconomic level (countries’ ability to pay their food import bills) and at the household level (increased prices in local currency for imported food and energy),” the Amis said. Overall inflation in the Philippines has risen—largely on account of food and energy items—from 3 percent in March to 8.1 percent in … [Read more...] about Food inflation still a problem globally, says UN report

Share to Twitter Share to Linkedin The mass tech layoff impacted women across the board and turned the tables in the tech industry. Perseverance and practical advice from experts are needed more than ever, especially for the BIPOC woman in tech. According to Crunchbase , over 58,000 U.S. tech workers have been laid off due to budget and job cuts in 2023. Sadly this is just the beginning, and more layoffs will take place throughout the year. In January, data from layoffs.fyi , shows another wave of layoffs took place with private and public startups across the U.S. workforce. Some notable companies are: Coinbase 2,110 layoff's Amazon 18,000 layoff's Salesforce 9090 layoff's (Google) Alphabet 12000 layoff's SAP 3000 layoff's IBM 3900 layoff's The economy has made a drastic shift to deal with the reality of the tech fast growth mentality and hiring quickly and recklessly. According to Crunchbase , in 2022, when the … [Read more...] about 8 Tips For Black Women Navigating Tech Layoffs

Share to Twitter Share to Linkedin Tourists cruise Bangkok ’s Chao Phraya River to see the gilded wats (Buddhist temples), the opulent Grand Palace and other sights along the historic waterway. But a revitalized destination has emerged along Bangkok’s banks, the Creative District, a lively area full of local cafés, galleries, restaurants and more. Established in 2015, the Creative District flows along the river and spills into the more residential Khlong San neighborhood on the western bank and the buzzing Bang Rak in the east. In 2016, the district held the BUKRUK Urban Arts Festival with international art exhibitions that left their mark throughout the area. Some of the world’s best street artists attended and painted large, bold and vibrant murals on local buildings. The most-photographed work comes from the Portuguese artist Vhils, who employed a unique carving technique to chisel realistic faces on a wall surrounding the Embassy of Portugal. … [Read more...] about Why You Should Visit Bangkok’s Revived Creative District

Share to Twitter Share to Linkedin There’s a saying that says hard work + timing + talent = success. Sometimes, luck is even thrown into that equation. It’s clear that for the founders of Curio, the Miami-based high-fashion concept store, Danielle Licata and Jeffrey Lasota, they not only have all the ingredients for the recipe for success, but they have made one heck of a smorgasbord out of it. The duo launched Curio in the Faena Bazaar in December of 2019, literally moments before the pandemic gripped the world. For that reason alone the curated retail experience had every reason to fail. Curio entered the market as a high-end retail concept the size of a small department store which launched within a climate where e-commerce was pinned against brick and mortar. And then, the world was hit with the most catastrophic global event in recent history. At this point, the odds did not look good for the founders, but unbeknownst to them at that moment, timing was … [Read more...] about How Fashion Concept Shop, Curio, Became Miami’s Most Desirable Shopping Destination

Share to Twitter Share to Linkedin Elon Musk, co-founder and CEO of Tesla, speaks during an event at the Hornsdale wind farm, operated ... [+] by Neoen SAS, near Jamestown, South Australia, on Friday, Sept. 29, 2017. (Carla Gottgens/Bloomberg In late January , I noted that Tesla (TSLA) CEO Elon Musk’s executive compensation plan raised significant red flags. Since then, proxy advisor Glass Lewis recommended investors vote against the proposal , which could grant Musk performance-based options worth over $2.6 billion. The red flags haven’t stopped there. More executive departures, more missed production projections, and competitors taking market share have left Tesla’s sky-high valuation with even more downside risk. Recent Departures Fail to Stoke Confidence The launch of the Model 3 marks a critical period for Tesla. As the company struggles to hit production targets on its first mass-market vehicle, one would hope the executive team … [Read more...] about Time To Follow Tesla Executives And Run For The Hills?

Share to Twitter Share to Linkedin The U.K. financial system nearly broke this autumn when rising interest rates created a vicious circle of margin calls driving the stock market into free fall and with it a cycle of rising interest rates driving bond yields up causing further margin calls to the pension fund institutions. This kind of hidden danger is just what causes crashes. Pension funds had levered their government bond portfolios to the roof to reach for higher returns. Back in the day these same funds had been squeezed by the regulator out of stocks and into bonds so as not to add too much risk to their funds and get into exactly the vicious circle they now found themselves in by turning safe bonds into mountains of dangerous leverage. What irony! Well, not really. The thing is this, who is going to buy the bonds of a country up to its ears in debt with an out of whack fiscal deficit heading into a recession, let alone buy the bonds of a … [Read more...] about FTSE 100 Break Out Preempts Bank Of England Surrender To Inflation