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“And I wonder if there’s a major presidential endorsement coming from an artificially culturally propped-up couple this fall." Conspiracy theories gain the widest attention when they target the most well-known figures and institutions. The latest right-wing conspiracy theories blend Swift with claims about the most watched sporting event in the U.S. and a pivotal presidential election, making any intersection of the events ripe for conspiracy theories. “The good news is people don’t believe in conspiracy theories more than they have in the past. I’ve taken my daughter to Taylor Swift concerts before.
Persons: , Taylor Swift, , Vivek Ramaswamy, Travis Kelce, Ryan Allstun, Nikki Haley, Allstun, Donald Trump, Swift, , Joe Biden, Matt Gorman, ” Susan Cummins, Haley, Cummins, ” Cummins, Joseph Uscinski, Pied Piper, ” Uscinski, Mellissa, wouldn’t, Best, Uscinski, Biden, Phil Bredesen, Sen, Marsha Blackburn, it’s, credibly, David Jackson, Jackson, Trump, “ Taylor Swift, Karoline Leavitt, Sean Hannity, Leavitt, ” Haley, ” “ Taylor Swift, I’ve, ___ Pollard Organizations: WASHINGTON, Super, Kansas City Chiefs, Green Bay Packers, GOP, Democratic, Swift, Philadelphia Eagles, University of Miami, Trump, Republicans, Tennessee Gov, Democrat, Senate, Republican, Bowling Green State University, Fox News Locations: Lancaster , South Carolina, Charleston , South Carolina, New Jersey, U.S, Florence , South Carolina, Columbia , South Carolina
Check out the companies making the biggest moves in premarket trading: SolarEdge Technologies — The solar stock tumbled nearly 29% after the company lowered its third-quarter guidance post market Thursday. Revenue came in at $1.74 billion, versus the $1.77 billion expected from analysts polled by LSEG. Net interest also fell short at $1.29 billion, versus the $1.32 billion expected. Analysts surveyed by LSEG expected 36 cents per share and $1.89 billion of revenue. Analysts polled by LSEG expected a profit of $2.94 per share on revenue of $15.36 billion.
Persons: SolarEdge, Zvi Lando, Sunnova, Swift, LSEG, David Jackson, , Jesse Pound Organizations: Technologies, Deutsche Bank, Enphase Energy, Schlumberger, Revenue, LSEG, StreetAccount, American Express Locations: SolarEdge
Schlumberger — The oilfield services stock dropped 2.9% after third-quarter revenue missed Wall Street expectations. Revenue came in at $15.38 billion, versus the $15.36 billion expected. Late Thursday, SolarEdge slashed guidance for third-quarter revenue, gross margin and operating income. Net interest also fell short at $1.29 billion, versus the $1.32 billion expected. Revenue came in at $1.74 billion, versus the $1.77 billion expected from analysts polled by LSEG.
Persons: Schlumberger, SolarEdge, Sunnova, Sunrun, KeyCorp, Swift, David Jackson, , Alex Harring, Samantha Subin, Hakyung Kim, Michelle Fox Organizations: Schlumberger, LSEG, American, American Express, LSEG . Revenue, Merck — Merck, UBS, Enphase Energy, StreetAccount, Comerica, Swift, Revenue Locations: Zions
Two measures of global corporate health flash red
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +5 min
Moller-Maersk (MAERSKb.CO) lowered its estimate for global container trade this year as companies reduce inventories and higher interest rates and recession risks in Europe and the United States drag on global economic growth. The company, one of the world's biggest container shippers, said it expects container volumes to fall by as much as 4%. Maersk controls about one-sixth of global container trade, transporting goods for retailers and consumer companies such as Walmart (WMT.N), Nike (NKE.N) and Unilever (ULVR.L). The International Monetary Fund last week said that it expects global economic growth to slow this year, led by advanced economies even as food prices have come down and the March banking turmoil has been contained. It expects the global growth to slow to 3% this year and next, from 3.5% last year.
Persons: Jon Nazca, . Moller, Mark Read, Grey, Sophie Lund, Yates, Hargreaves Lansdown, Swift, David Jackson, Josephine Mason, Catherine Evans, Deepa Babington Organizations: Triple, Majestic, REUTERS, Maersk, WPP, Walmart, Nike, Unilever, Reuters, Ogilvy, Apple, Amazon.com Inc, Companies, Global, Nissan, Caterpillar, Monetary Fund, DHL Group, Thomson Locations: Strait, Gibraltar, Algeciras, Spain, U.S, Europe, United States, Beijing, slowdowns, China
Truckers Expect an Inventory-Driven Rebound Later This Year
  + stars: | 2023-02-01 | by ( Liz Young | ) www.wsj.com   time to read: +4 min
Trucking companies are pinning hopes for a rebound in freight demand on the second half of this year, saying their retailer customers expect to resume restocking after winding down inventories over recent months. Carrier executives say they are hearing from their shipping customers that they expect to return to a more normal ordering cycle this year and start moving bigger volumes closer to the fall shopping season following volatile retail spending and distribution in 2022 that left them overstocked. Inbound volumes at U.S. ports are also down, suggesting fewer goods from overseas are flowing into domestic freight networks. “Trucking is definitely down right now,” said Tom Nightingale, CEO of AFS Logistics, a Shreveport, La.-based logistics operator. She said on a Jan. 18 earnings conference call that the company “has good signals” from shipping customers that they plan to pick up their ordering in the second quarter.
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