About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

April 21, 2025 11:41 PM GMT Asia Technology | Asia Pacific M Foundation Tuesday TMT: TSMC, Tariff Impact on Technology, and Japan SPE Join our Technology analysts Shawn Kim, Charlie Chan, Tetsuya Wadaki, and Derrick Yang as they discuss TSMC's takeaways post results, further potential tariff impacts on Technology, and Japan semicap equipment updates. | Morgan Stanley Asia Limited+ | | | --- | --- | | Shawn Kim | | | Equity Analyst | | | Shawn.Kim@morganstanley.com | +852 3963-1005 | | Morgan Stanley Taiwan ...

HAMILTON, Bermuda, April 25, 2025 (GLOBE NEWSWIRE) -- AM Best has revised the outlook of the rated operating subsidiaries of SiriusPoint Ltd (“SiriusPoint” or “the Company”) (Bermuda) [NYSE: SPNT] to Positive from Stable, citing the Company’s “very strong balance sheet”. AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of SiriusPoint’s rated operating subsidiaries. Additionally, the rating agency has affirmed the ...

The share price of PepsiCo (PEP -5.00%), the food and beverage giant, was falling today after the company reported mixed results for its first quarter and cut its earnings forecast for the full year.PepsiCo is facing rising supply chain costs due to tariffs and slowing consumer spending amid an uncertain macroeconomic environment, the company said today.As a result, PepsiCo stock was down 4.6% as of 1:04 p.m. ET.PepsiCo lost its fizz in the first quarterPepsiCo reported first-quarter revenue of $17.9 billio ...

Even amid economic uncertainty and tariff concerns, the retail giant is still projecting solid sales growth for the year ahead.In a time of great economic uncertainty, retail giant Walmart (WMT 1.21%) is showing notable resilience -- a sign that could bode well for both the retail giant itself and stock market investors overall.In a surprise move this week, Walmart rescinded its profitability guidance for fiscal Q1 as it grapples with an uncertain economic environment. But there's a critical silver lining i ...

Core Viewpoint - Otis Worldwide Corporation will host a conference call to discuss its first quarter results and outlook for 2025 on April 23, 2025 [1] Company Overview - Otis is the world's leading elevator and escalator manufacturing, installation, and service company, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally [3] - The company is headquartered in Connecticut, USA, and employs 72,000 people, including 44,000 field professionals [3] - Otis operates in over 200 countries and territories, providing a diverse range of products and services to meet customer needs [3]

Core Insights - Kohl's reported better-than-expected earnings and revenue for the fourth quarter, but the stock plummeted due to significantly worse guidance for the upcoming year [1][2] Financial Performance - Fourth-quarter net sales were $5.18 billion, down from $5.71 billion in the same period of 2023 [5] - Full-year 2024 sales totaled $15.39 billion, a decrease from $16.59 billion in 2023 [5] - Quarterly comparable sales fell 6.7% year over year, slightly better than the expected 6.8% decrease [5] - Net income for the fourth quarter was $48 million, or 43 cents per share, compared to $186 million, or $1.67 per share, in the fourth quarter of 2023 [6] - Adjusted earnings per share were 95 cents, exceeding the expected 73 cents [7] Future Guidance - For 2025, Kohl's expects revenue to decline by 5% to 7%, compared to Wall Street's estimate of a 1.6% decrease [2] - The company projects comparable sales to fall by 4% to 6%, while analysts anticipated a 0.9% decrease [2] - Earnings per share guidance is set between 10 cents and 60 cents, missing the midpoint Wall Street estimate of $1.23 [2] Management Changes and Challenges - Kohl's appointed Ashley Buchanan as the new CEO, replacing Tom Kingsbury, who led the company for two years [3] - The company has cut nearly 10% of its corporate workforce and plans to close 27 underperforming stores by April [3] - The stock has fallen over 50% in the past year, reflecting broader concerns about consumer confidence and economic conditions [4]

Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023.Hewlett Packard Enterprise shares slid 16% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year guidance that came in below consensus.Here's how the company did in the fiscal first quarter in comparison with LSEG consensus:Earnings per share: 49 cents adjusted vs. 49 cents expectedRevenue: $7.8 ...

Group 1 - Salesforce reported fiscal fourth-quarter revenue of $9.99 billion, an 8% year-over-year growth, which was slightly below analyst expectations [1] - Adjusted earnings per share for the fourth quarter were $1.75, compared to $1.74 a year earlier, but missed estimates [1] - Shares of Salesforce fell about 5% in extended trading following the earnings report, and have lost approximately 8% since the beginning of the year [3] Group 2 - For fiscal 2026, Salesforce projected full-year revenue between $40.5 billion and $40.9 billion, and adjusted EPS between $11.09 and $11.17, both below analyst consensus [2] - The analyst consensus for revenue was $41.32 billion and for EPS was $11.19 [2] - Salesforce announced that former Gilead Sciences CFO Robin Washington will join the company as chief operating and financial officer on March 21 [2]