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Iran attacks Israel's power supply
CNBC Television· 2025-06-13 20:08
Want to go back to Washington now. Our Aean Javvers has more. Aean, Scott, a couple of updates here from Israel and then also from the United Nations Security Council uh which is meeting now.From Israel first uh the IDF, the Israeli Defensive Forces are defense forces are saying uh to Israeli uh citizens that they can leave their secured facilities for now. The guidance they're giving to the Israeli public is stay close though to those bomb shelters and other secure areas. uh but you can go and and move abo ...
Abercrombie's Post-Earnings Pullback: Setback or Opportunity?
ZACKS· 2025-06-13 18:00
Core Insights - Abercrombie & Fitch Co. (ANF) experienced an 11% drop in shares after releasing its first-quarter fiscal 2025 results, underperforming compared to the Zacks Retail - Discount Stores industry and the broader S&P 500 [1][3] Financial Performance - The company reported an earnings per share (EPS) of $1.59, exceeding the Zacks Consensus Estimate of $1.35, and achieved record sales of $1.1 billion, reflecting an 8% year-over-year increase [3][5] - Despite strong revenue growth, EPS declined by 25.7% compared to $2.14 in the same quarter last year, and gross margin contracted by 440 basis points to 62% due to inflationary pressures and higher selling expenses [5][10] Brand Performance - The Hollister brand showed robust growth with a 22% increase in sales and 23% comparable sales gains, while the Abercrombie brand faced a 4% decline in sales and a 10% drop in comparable sales [6][9] - The Abercrombie brand's underperformance is concerning as it constitutes nearly 50% of the company's total sales, posing a strategic risk [9][12] Guidance and Market Sentiment - Management raised sales growth expectations for fiscal 2025 to 3-6% but lowered EPS guidance to $9.50-$10.50 from $10.40-$11.40, indicating potential profitability challenges in the second half of the fiscal year [10][19] - The Zacks Consensus Estimate for EPS has seen downward revisions, with a 6.2% decline to $10.28 for fiscal 2025 over the past 30 days [17][19] Strategic Initiatives - The company is focusing on long-term growth through brand evolution, international expansion, and enhancing omni-channel capabilities, including plans to open 60 new stores and remodel 40 in fiscal 2025 [11][12] - Abercrombie's brand portfolio revitalization, particularly the success of Hollister, is a key strength, with eight consecutive quarters of growth [12][18] Valuation - ANF is currently trading at a forward 12-month P/E ratio of 7.57X, significantly below the industry average of 17.85X and the S&P 500's average of 22.02X, indicating a potential buying opportunity despite investor concerns [13][16]
'Never seen anything like this': Robinson says Padilla incident is 'not a good look' for admin
MSNBC· 2025-06-13 17:20
Joining me now, MSNBC legal analyst and former US attorney Joyce Vance and MSNBC political analyst and Pulitzer Prizewinning journalist Eugene Robinson. Joyce, I'll start with you. The ruling on Trump's use of the National Guard in California, where do you think it goes from here and what does it tell us about writing precedent in real time? Right. So, it's an amazing opinion written by Justice Brier. I know people were disappointed early on when he took two days to set a hearing rather than immediately iss ...
'King George': Trump can keep control of CA National Guard despite judge calling actions 'illegal'
MSNBC· 2025-06-13 16:30
More breaking news overnight. An appeals court pausing a lower court's ruling that gave control of the California National Guard back to Governor Gavin Newsome. That means President Trump will be able to keep the California National Guard active on the streets of Los Angeles for now as more immigration and Trump protests are planned over the weekend.And that legal battle plays out at there as there's new fallout after this dramatic scene. Democratic Senator Alex Padilla of California forcibly grabbed and re ...
Trump: Iran missed opportunity to make a deal, but they might now have another opportunity
CNBC Television· 2025-06-13 15:36
situation in the Middle East. The president attending a National Security Council meeting this hour. Let's bring in our Megan Casella live outside the white House for the latest.Megan, as he has spent at least part of the morning calling around to the various networks. >> He definitely has Carl. And that national security meeting.That is the only event that we know of on the president's schedule so far. Today. He is back in the Situation Room with his national security team this hour.After they spent the ev ...
Don't Overlook NetApp (NTAP) International Revenue Trends While Assessing the Stock
ZACKS· 2025-06-13 14:15
Core Insights - The analysis of NetApp's international operations is crucial for understanding its financial strength and growth potential, especially given its global presence [1][2] Group 1: International Revenue Performance - NetApp's total revenue for the quarter ending April 2025 reached $1.73 billion, reflecting a 3.8% increase from the same quarter last year [4] - Revenue from Europe, Middle East, and Africa (EMEA) accounted for 34.01% of total revenue, amounting to $589 million, which was a slight surprise compared to analyst expectations [5] - Asia Pacific contributed $254 million, or 14.67% of total revenue, which was below analyst expectations, indicating a -3.77% surprise [6] Group 2: Future Revenue Projections - Analysts project NetApp's revenues for the ongoing fiscal quarter to be $1.55 billion, a 0.3% increase from the previous year, with expected contributions from EMEA and Asia Pacific being $577.71 million and $263.03 million, respectively [7] - For the full fiscal year, total revenue is expected to reach $6.76 billion, representing a 2.8% increase year-over-year, with EMEA and Asia Pacific projected to contribute $2.42 billion and $1.1 billion, respectively [8] Group 3: Market Dependency and Stock Performance - NetApp's reliance on international markets for revenue presents both opportunities and challenges, making the monitoring of overseas revenue trends essential for predicting future performance [9] - The stock has increased by 3.1% over the past month, slightly underperforming compared to the Zacks S&P 500 composite's 3.6% rise, while the Zacks Computer and Technology sector has seen a 7.4% increase during the same period [13]
ESGL Shareholders Approve All Proposals for Business Combination with De Tomaso Automobili
GlobeNewswire News Room· 2025-06-13 12:00
Core Viewpoint - ESGL Holdings Limited has received shareholder approval for its business combination with De Tomaso Automobili, aiming to enhance growth opportunities and shareholder value [1][2][3]. Group 1: Shareholder Approval - All proposals related to the business combination were approved by ESGL shareholders during the Extraordinary General Meeting held on June 10, 2025 [2]. - The proposals included the expansion of authorized share capital, potential share consolidation, a proposed name change, adoption of a revised charter, and authority to adjourn the meeting for maximum shareholder support [8]. Group 2: Strategic Implications - The Chairman and CEO of ESGL expressed confidence that the transaction will unlock new growth opportunities and expand the company's presence across various industries and markets [3]. - The company is actively working with Nasdaq to complete the listing review process and fulfill remaining closing conditions [3]. Group 3: Next Steps - The completion of the business combination is still subject to Nasdaq's approval and other customary closing conditions [2][3]. - Further updates will be provided as material developments occur [4].
180 Degree Capital Corp. Notes Filing of Updated Preliminary Joint Proxy Statement/Prospectus for Proposed Business Combination With Mount Logan Capital Inc.
GlobeNewswire News Room· 2025-06-13 12:00
Core Viewpoint - 180 Degree Capital Corp. is progressing with its proposed all-stock merger with Mount Logan Capital Inc., with the expectation that the new entity will operate as New Mount Logan and be listed on Nasdaq under the symbol "MLCI" [1][2][3] Group 1: Merger Details - An amended preliminary joint proxy statement/prospectus was filed with the SEC on June 12, 2025, regarding the merger [1] - The valuation of Mount Logan at the time of signing was approximately $67.4 million, with 180 Degree Capital shareholders receiving ownership in New Mount Logan based on 180 Degree Capital's net asset value at closing [1] - The SEC review process is ongoing, and the company aims to set record and meeting dates for a special meeting to seek shareholder approval during the third quarter of 2025 [2][3] Group 2: Shareholder Engagement - Approximately 14% of non-insider shareholders have signed voting agreements or provided non-binding indications of support for the merger [3] - The company appreciates the engagement from shareholders and is committed to addressing their questions and comments [3] Group 3: Company Background - 180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in undervalued small publicly traded companies, aiming for significant turnarounds through constructive activism [4]
美国的药价不会说降就能降
新财富· 2025-06-13 07:29
特朗普喊话,药价砍30~80% 本文约 3500 字,推荐阅读时长 15 分钟,欢迎关注新财富公众号。 0 1 这不是特朗普第一次抛出药价"最惠国政策"的概念。 早在2020年任内,他就试图通过Medicare Part B项目来推动类似措施,希望压低部分高价注射药物的 政府医保采购成本,并预计未来七年节省850亿美元药费。但当时该政策因未履行完整行政立法程 序,被联邦法院裁定"程序违法"而叫停。 5月11日,特朗普在Truth Social上高调发声,宣布将签署一项重启的行政命令,推动"最惠国政策 (Most Favored Nations, MFN)"——这是一项看起来"很简单"的政策目标:美国的医保药价不能高 于别的国家,尤其是邻国如加拿大和墨西哥。特朗普甚至在公开表态中宣称,该政策一旦生效,美国 药品价格"将立刻下降30~80%"。 此次政策"回锅" 重启 ,同样没有明确的适用范围,也缺乏具体的执行细节 ,比如:是否仅覆盖联邦 老年人医保(Medicare),是否涵盖低收入群体医保(Medicaid),以及具体的价格锚定机制尚未公 开。这一"模糊性"也引发了市场和媒体的广泛质疑。 《华尔街日报》在评论 ...
The Last Word With Lawrence O’Donnell - June 12 | Audio Only
MSNBC· 2025-06-13 06:55
The last word with Lawrence O'Donnell starts right now. Jen, I am in the middle of uh Judge Charles Briar's opinion uh that is a total victory for Gavin Newsome as we heard uh the governor uh telling us uh during your hour and of course you've reported that the Trump administration is already appealing this. Uh but as you read it, as you get through it, it it's very hard to find any space for appeal uh in this decision. And of course, we will also be covering the breaking news uh from Israel tonight about t ...