Exxon Mobil’s fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. Shares rose 2% before the market opened Friday. Revenue for […]
Rockwell Automation (NYSE: ROK) is struggling, due to persistent supply chain issues and sluggish demand. Shares of the industrial tech company traded down 15% as of 2 p.m. ET on Wednesday after the company reported disappointing results and trimmed guidance. Headwinds blow Rockwell off course in the quarter Rockwell is a provider of industrial automation […]
Investors in China can’t catch a break — both aspiring Chinese property owners who never got the homes they paid for from now-bankrupt builders and stock market investors who have ridden the nation’s market almost straight down from recent crisis after crisis. The iShares MSCI China ETF (NASDAQ:MCHI) has started the new year down by […]
Shares of PDD Holdings (NASDAQ: PDD) were falling today as the parent of Pinduoduo and Temu was swept up in the broader fallout after a Hong Kong court ordered liquidation of China Evergrande Group, which was once China’s biggest real estate developer. As a result, the stock was down 7.6% as of 12:20 p.m. ET […]
Russian forces launched eight attack drones, an Iskander ballistic missile, and three S-300 missiles over Ukraine last night; all drones were successfully intercepted by Ukrainian defenders. Falling drone wreckage damaged an administrative building, an educational institution and private buildings in Mykolaiv Oblast. Source: Ukraine’s Air Force; Defence Forces of Ukraine’s South; Serhii Lysak, Head of […]
RALEIGH, N.C. (WNCN) – It has been a great start to this year’s ski season for North Carolina resorts, and the extended forecast promises more snow for visitors. Just last week, Sugar Mountain recorded 12 inches of fresh powder for avid skiers and snowboarders to enjoy. Now, most of the North Carolina mountains will get […]
Regulators are ready to allow Boeing‘s (NYSE: BA) troubled 737 MAX 9 aircraft to fly again, but the decision came at a steep cost to the aerospace giant’s growth plans. Shares of Boeing traded down about 5% as of 10:30 ET Thursday as investors try to figure out where Boeing goes from here. Forget about […]
Chemicals giant DuPont de Nemours (NYSE: DD) is seeing demand soften, both from Western industrial customers and from China. That’s impacting earnings, and investors are not happy. Shares of DuPont traded down 12% as of 10:30 a.m. ET Wednesday after the company released preliminary year-end results. Are DuPont customers scaling back? DuPont isn’t scheduled to […]
DUNDEE — An alert delivery driver, first responders and two other men helped rescue a 12-year-old Dundee boy who fell through ice into a pond Tuesday morning. Jonathon Garza from Clinton Township, a truck driver for Hungry Howie’s, was making a delivery to the store at 102 Cabela Blvd. East in Dundee when he heard […]
A Philadelphia man has been charged with involuntary manslaughter after assaulting another person who accidentally slipped onto the tracks at a University City SEPTA station. The individual was fatally struck by an oncoming train, moments later as it pulled into the eastbound platform at 34th Street Station on the Market-Frankford Line. Chaz Wearing, 40, was […]
Generative AI training infrastructure remains white hot as an investment. Numerous start-ups have appeared to address the need. Given the end-to-end solution Nvidia created that spans chip design, algorithms, and software, this AI infrastructure consisting of data centers filled with accelerated computing systems (primary using Nvidia technology) is arguably easier to build than “traditional” cloud […]
ELF Beauty (ELF) will join the S&P MidCap 400 index, replacing Spirit Realty Capital (SRC), S&P Dow Jones Indices announced Wednesday night. Coal miner Peabody Energy Corp. (BTU) will replace ELF stock in the S&P SmallCap 600 index.