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Even better, management signaled that the chemical company is moving past most of the destocking headwinds that plagued it this year. Net sales declined roughly 3% year over year to $2.9 billion, beating expectations of $2.8 billion, according to LSEG. Quarterly results Organic sales in the Electronics & Industrial business declined 2% year over year, with volume and prices both down 1%. And in Shelter Solutions, the destock looks complete after sales were flat in the first quarter and expected to rise sequentially in the second quarter. This new outlook reflects a continued electronics recovery and some easing of channel inventory destocking in industrial-based businesses.
Persons: we're, Ed Breen, Breen, Jim Cramer's, Jim Cramer, Jim, Dupont, Mark Makela Organizations: DuPont, PPG Industries, Industrial Technologies, Automotive, Electronics & Industrial, Semiconductor Technologies, DuPont's, Taiwan Semi, Samsung, Safety Solutions, Water Solutions, Solutions, CNBC, Getty Locations: bottoming, Taiwan, biopharma, Kalrez
Ulta Beauty — Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating, citing rising competition. SLB reported $8.71 billion in revenue, just above the $8.69 billion projected by analysts, according to LSEG. However, SLB did report revenue in North America was down year over year. Ibotta — Shares of the technology company fell nearly 6% a day after Ibotta's initial public offering. Intuitive Surgical — Shares ticked down nearly 2% despite the company beating on the top and bottom lines in the first quarter.
Persons: Jefferies, Shopify, Morgan Stanley, SLB, , Samantha Subin, Michelle Fox, Pia Singh, Jesse Pound Organizations: Netflix, FactSet, Revenue, American Express, Micro Computer, Paramount —, The New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, PPG Industries Locations: Canada, North America
Intuitive Surgical — Shares of the provider of robotic-assisted surgical solutions rose 1% after the company posted stronger-than-expected results. Western Alliance — The regional bank stock fell less than 1% in extended trading after the firm posted disappointing earnings. Western Alliance posted an EPS of $1.60 for the latest quarter, 4 cents below a FactSet estimate. KB Home – The homebuilder advanced nearly 2% after announcing that its board of directors authorized a new $1 billion share repurchase. KB Home also hiked its dividend to 25 cents a share from 20 cents, payable on May 23.
Organizations: Netflix, Western Alliance, PPG Industries, KB
Meta gains : Shares of Meta Platforms rose 2% in the session. He navigated the downturn in U.S. department stores," Jim Cramer said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, pounced, That's, Jim Cramer's, Estee Lauder, Fabrizio Freda, Jim, Horton, D.R Horton, Stanley Black, Decker Organizations: CNBC, Treasury, Nasdaq, Dow Jones, Facebook, Club, Meta, Deutsche Bank, VanEck Semiconductor, Micron, Netflix, PPG Industries, Procter, Gamble, American Express, Jim Cramer's Charitable Locations: Estee, U.S, China
Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.
Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada
Evercore ISISurprisingly strong economic growth will fuel a 5.5% year-over-year jump in corporate earnings this quarter, according to Evercore. That would be well above analysts' consensus of about 3% but below the nearly 8% growth rate in Q4. 8 stocks set to outperform soonThough US stocks broadly may be in for a rough ride, stock-pickers shouldn't get too worried. To help with the search, Emanuel and company highlighted eight stocks set to outperform during the Q1 earnings season. Below are the eight companies listed in alphabetical order along with their ticker, market capitalization, sector, expected earnings release date, year-to-date earnings revision, and expected earnings growth rate relative to their sector peers.
Persons: , Julian Emanuel, Emanuel, recalculate, Evercore, Emanuel's, didn't, shouldn't, Zscaler Organizations: Service, ISI, Business, PPG Industries
Unity Software — Shares tumbled 15% after the video game developer forecasted that adjusted EBITDA would come in below analysts' expectations for the current quarter. Analysts polled by FactSet had expected $113 million in EBITDA, while Unity is expecting only between $45 million to $50 million. Workday's adjusted earnings came in at $1.57 a share, higher than the $1.47 expected by analysts polled by LSEG. AutoZone's earnings of $28.89 per share topped the $26.28 per share analysts had anticipated, according to LSEG. The company's $3.85 billion revenue was also higher than the anticipated $3.84 billion.
Persons: FactSet, LSEG, CarGurus, they'll, AutoZone, EBITDA, Wells, — CNBC's Michelle Fox, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Unity, LSEG, FactSet, PPG, Barclays, PPG Industries, FDA Locations: EBITDA, Cava, Wells Fargo, U.S, Canada
Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.
Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, , HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada
PITTSBURGH (AP) — Adrian Kempe scored twice in the third period, including a short-handed go-ahead goal with 3:10 to play as the Los Angeles Kings rallied past the Pittsburgh Penguins 2-1 on Sunday night. The Kings won their third straight to finish off a four-game road trip by beating the Penguins on a night Pittsburgh honored franchise icon Jaromir Jagr, who had his No. Crosby practically willed the Penguins to victory last Thursday in their first game without Guentzel, scoring twice in a win at Chicago. The comeback put a damper on “Jaromir Jagr Day" in Pittsburgh. Penguins: Continue a four-game homestand on Tuesday night against the New York Islanders.
Persons: — Adrian Kempe, Jaromir Jagr, Sidney Crosby, Kempe, Pittsburgh's Rickard Rakell, Tristan Jarry, Jagr's, Cam Talbot, Jake Guentzel, Jarry, Crosby, Talbot, Jagr, , of Famer Mario Lemieux's, Michel Briere's, ___ Organizations: PITTSBURGH, Los Angeles Kings, Pittsburgh Penguins, Kings, Penguins, Pittsburgh, Boston, Los, The Penguins, Eastern Conference, NHL, Chicago, of Famer, Paints, Columbus, New York Islanders Locations: Angeles, Pittsburgh, Los Angeles
Despite broad concerns surrounding the health of regional banks, Ole Andreas Halvorsen's Viking Global bought into one key name in the sector in the fourth quarter. The move came near the end of a turbulent year for regional banks after the shuttering of Silicon Valley Bank , First Republic Bank and Signature Bank led investors to question the regionals' business model. Shares of U.S. Bancorp climbed more than 30% in the fourth quarter, but the stovck still ended the year down about 1%. The sector took a hit this year following New York Bancorp 's dismal fourth quarter earnings , which showed a loss, a large reserve against weaker future credits and slashed the dividend. Halvorsen went even further and zeroed out stakes in Microsoft and Arm Holdings , the British chip and software designer that went public last September.
Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson, InsiderScore, Lamb Weston Organizations: Ole Andreas Halvorsen's Viking Global, Viking Global, . Bancorp, Silicon Valley Bank, First Republic Bank, Signature Bank, U.S . Bancorp, Regional Banking, New York Bancorp, Viking, Tiger Management, Devices, Microsoft, Arm Holdings, Mastercard, Electric, Colgate, Palmolive Locations: Ole Andreas Halvorsen's Viking, Minneapolis, Silicon, U.S, Deere
ATLANTA (AP) — Saddiq Bey dunked in a Trae Young miss with 1.1 seconds left to lift the Atlanta Hawks to a 126-125 win over the Toronto Raptors on Sunday night. The Raptors had taken a one-point lead when a Young turnover in the backcourt led to a Scottie Barnes dunk with seven seconds remaining. Young had 30 points and 12 assists as the Hawks overcame a night where they shot just 6 for 27 (22%) from 3. Clint Capela finished with 19 points and 14 rebounds for Atlanta and Jalen Johnson had 17 points and 12 rebounds. Atlanta finished with a 76-52 advantage in points in the paint and outrebounded the Raptors 51-46.
Persons: — Saddiq Bey dunked, Scottie Barnes, Bey, Young, Clint Capela, Jalen Johnson, RJ Barrett, Immanuel Quickley, Jakob Poeltl, Jordan Nwora, Gary Trent Jr, Dejounte Murray, soreness, ___ Organizations: ATLANTA, Atlanta Hawks, Toronto Raptors, Raptors, The Raptors, Hawks, Atlanta, Pacers, Toronto, Sunday, Bulls, Lakers
RICHMOND, Va. (AP) — Richmond couldn't have started any slower against No. 16 Dayton in the sold out Robins Center on Saturday night, missing its first 11 shots to fall behind 9-0. The victory was Richmond's 10th in a row, their longest winning streak since the 1934-35 team won 22 straight. Isaiah Bigelow and Dji Bailey added 12 points each for Richmond, (15-5, 7-0) with Bigelow also grabbing 15 rebounds. I thought we got out of character at times offensively, rushed some things,” Flyers coach Anthony Grant said.
Persons: — Richmond couldn't, , Chris Mooney, Jordan King, Neal Quinn, , ” King, DeLonnie Hunt, Isaiah Bigelow, Dji Bailey, Bigelow, Javon Bennett, DaRon Holmes, Anthony Grant, “ You've, Koby Brea, Mooney, Caitlin Clark, George Washington, ___ Organizations: Robins, Spiders, Flyers, Richmond, Dayton, Kobe Elvis, ” Flyers, The Spiders, Hawkeyes, Ohio State, NEXT Dayton, Fordham, AP Locations: RICHMOND, Va, Dayton, ” Richmond, Richmond, Kobe, Iowa
Following the trade, Jim Cramer's Charitable Trust will own 145 shares of CAT, decreasing its weighting to 1.37% from 2.70%. We sold some DuPont shares a couple of weeks ago to protect against this, but after seeing the reaction to these shortfalls we are compelled to take more action. We bought DuPont because we wanted an industrial with a low price-to-earnings multiple to play the recovery in the semiconductor industry. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, , Jim Cramer, Jim Organizations: Caterpillar, CAT, Wall, DuPont, PPG, Electronics, CNBC Locations: China
The lower end of PPG's range for full-year earnings guidance was also well below what analysts called for. On the other hand, the company's earning and revenue for the fourth quarter of 2023 topped what analysts had anticipated. Super Micro Computer — Shares of the information technology firm gained 6% after Super Micro Computer reported preliminary second-quarter adjusted earnings of between $5.40 and $5.55 per share, higher than its previous guidance of between $4.40 to $4.88 per share. Super Micro also reported a preliminary revenue of between $3.6 billion to $3.65 billion, topping its prior guidance of $2.7 billion to $2.9 billion. The Wall Street Journal reported late Thursday that the European Union's antitrust watchdog anticipates blocking Amazon's acquisition of iRobot.
Persons: Hunt, Kirk Tanner, Todd Penegor, iRobot Organizations: PPG Industries, Micro Computer, Micro, Hunt Transport, LSEG, Wendy's, PepsiCo, Blackwells, Street Journal
The biggest risks US businesses face in 2024
  + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com   time to read: +11 min
But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.
Persons: there’s, , John Maynard Keynes, , ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan
Financial services company State Street Corporation made the list. Analysts surveyed by FactSet now estimate State Street will report an adjusted $1.83 in earnings per share in the fourth quarter. STT 1Y mountain State Street Corp. stock. Goldman Sachs recently upgraded State Street to buy from neutral, with analyst Alexander Blostein noting a potentially favorable risk/reward balance in coming quarters. Analysts polled by FactSet now forecast an adjusted $1.49 in earnings per share in the fourth quarter on revenue of $4.2 billion.
Persons: FactSet, Goldman Sachs, Alexander Blostein, PPG, Morgan Stanley, Stocks, Kinder Morgan Organizations: Bank of America, Citigroup, Delta Air Lines, CNBC, Financial, Street Corporation, Street Corp, PPG Industries, Kinder Morgan Inc, Fastenal Company, Nine Locations: FactSet
Missouri will try to regroup Wednesday against South Carolina State in Columbia, Mo. South Carolina State leans on its guards -- freshman Mitchel Taylor (12.0 points, 4.0 assists per game) and junior Omar Croskey (10.4 ppg) -- but is also deep and capable of playing big. With four players on the roster at 6-foot-10 or taller, including Drayton Jones, who averages 5.8 rebounds per game, South Carolina State can play big or go to a small ball set. "When you play guys who can defend, you can just switch everything," South Carolina State coach Erik Martin said. If you don't defend, you don't play.
Persons: Jesus Carralero Martin, Dennis Gates, we're, Gates, Sean East, Nick Honor, Noah Carter, Mitchel Taylor, Omar Croskey, Drayton Jones, Erik Martin Organizations: Tigers, Jackson State, South Carolina State, The Tigers, Missouri, Bulldogs, Mizzou, Tulsa, Tulsa . South, Tulsa . South Carolina State, South, Carolina State, Thomson Locations: Missouri, Jackson State . Missouri, Columbia, Mo, Tulsa ., Tulsa . South Carolina, South Carolina
NHL roundup: Pens' Alex Nedeljkovic returns, blanks Knights
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +3 min
[1/3] Nov 19, 2023; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins goaltender Alex Nedeljkovic (39) makes a save against Vegas Golden Knights left wing William Carrier (28) during the second period at PPG Paints Arena. Pittsburgh won 3-0. He started Friday for AHL affiliate Wilkes-Barre/Scranton on a conditioning assignment and not only won that game, but also scored a goal. Bobby Brink and Travis Konecny each scored one goal for the Flyers, who won their fifth game in a row. Alexandre Texier and Boone Jenner scored one goal apiece for the Blue Jackets, and goaltender Spencer Martin stopped 21 shots.
Persons: Alex Nedeljkovic, William Carrier, Charles LeClaire, Ryan Graves, Noel Acciari, Evgeni Malkin, Nedeljkovic, Tristan Jarry, Adin Hill, Ryan Poehling, Joel Farabee, Cam York, Bobby Brink, Travis Konecny, Sean Walker, Samuel Ersson, Alexandre Texier, Boone Jenner, Spencer Martin, William Nylander, Nylander, Wild netminder Marc, Andre Fleury, Morgan Rielly, Auston Matthews, squandering, Rasmus Dahlin, Jeff Skinner, Erik Johnson, Pekka Luukkonen, Philipp Kurashev, Taylor Raddysh, Petr Mrazek, Joel Hofer, Louis, Jake Neighbours, Pavel Buchnevich, Alexey Toropchenko, Mason McTavish, John Gibson Organizations: Pittsburgh Penguins, Vegas Golden Knights, PPG Paints, Pittsburgh, Vegas, Penguins, NHL, AHL, Wilkes, Knights, Flyers, Blue Jackets, Philadelphia, Maple Leafs, Minnesota, Stockholm, Sabres, Blackhawks, Buffalo, Chicago, Ducks, Anaheim, Blues, San Jose Sharks, Los Angeles Kings, Thomson Locations: Pittsburgh , Pennsylvania, USA, Barre, Scranton, Columbus, Toronto, Stockholm, Sweden
[1/36] Oct 30, 2023; Pittsburgh, Pennsylvania, USA; Anaheim Ducks center Leo Carlsson (91) warms up before the game against the Pittsburgh Penguins at PPG Paints Arena. Jakob Silfverberg and Frank Vatrano also scored and Pavel Mintyukov had two assists for the Ducks, who have won four straight. Erik Karlsson and Evgeni Malkin each had goal and an assist while Radim Zohorna also scored for the Penguins, who have lost five of their past six games. At 8:28 of the first, Silfverberg tied it. Anaheim tied it again 1:36 later.
Persons: Leo Carlsson, Charles LeClaire, Mason McTavish's, McTavish, Tristan Jarry, Jakob Silfverberg, Frank Vatrano, Pavel Mintyukov, Greg Cronin, John Gibson, Lukas Dostal, Erik Karlsson, Evgeni Malkin, Radim Zohorna, Jarry, Karlsson, Jake Guentzel, Gibson, Malkin, Silfverberg, Jarry lunged, Vatrano, Ross Johnston, Cronin, Zohorna Organizations: Anaheim Ducks, Pittsburgh Penguins, PPG Paints, Ducks, Anaheim, Penguins, The Ducks, Pittsburgh, Thomson Locations: Pittsburgh , Pennsylvania, USA, Pittsburgh, Anaheim
CNN —Police are investigating the death of American ice hockey player Adam Johnson who died on Saturday after a “freak accident” while playing for the Nottingham Panthers in England. During the second period of the Panthers’ game against the Sheffield Steelers, Johnson appeared to suffer a serious injury after a collision with a Steelers player. It’s just an incredible tragedy.”The English Ice Hockey Association (EIHA), the governing body of ice hockey in England and Wales, released a statement on Monday detailing its commitment to improving player safety in the aftermath of Johnson’s death. In the short term, the EIHA said it strongly recommended that players at all levels in English Ice Hockey use a neck guard/protector during all on-ice activities. Johnson was born in Hibbing, Minnesota and started out his professional career in the American Hockey League.
Persons: Adam Johnson, Johnson, , , ” SYP, Joe Otten, Johnson’s fiancée, Ryan Wolfe, I’ll, Gene J, Mike Sullivan Organizations: CNN — Police, Nottingham Panthers, Panthers, Sheffield Steelers, Steelers, South Yorkshire Police, Sheffield City Council, CNN, Sheffield Council Waste, Safety, Pittsburgh Penguins, National Hockey League, Anaheim Ducks, PPG, The Pittsburgh Penguins, Ice Hockey Association, Elite Ice Hockey League, American Hockey League, NHL, Penguins Locations: England, Sheffield, Nottingham, Wales, Hibbing , Minnesota, Sweden, Germany
Mandatory Credit: Charles... Acquire Licensing Rights Read moreLONDON, Oct 31 (Reuters) - British police said on Tuesday their investigation into the death at the weekend of Nottingham Panthers ice hockey player Adam Johnson would take some time, saying they were seeking the advice of experts about the incident. Johnson, 29, received emergency treatment following what his club called a "freak incident" during a match against Sheffield Steelers in Sheffield, northern England, on Saturday. "We continue to encourage the public to avoid speculation, including on social media, while we continue our enquiries and will provide updates when appropriate." The EIHA did not make the neck guards mandatory with immediate effect due to anticipated supply issues but made a "strong recommendation" that players at all levels across English Ice Hockey start using a neck guard. Reporting by Michael Holden; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Adam Johnson, Charles, Johnson, Michael Holden, Christian Radnedge Organizations: Anaheim Ducks, Pittsburgh Penguins, PPG, British, Nottingham Panthers, Sheffield Steelers, Panthers, United States, National Hockey League, South Yorkshire Police, Police, Ice Hockey Association, Thomson Locations: Pittsburgh , Pennsylvania, USA, Europe, Sheffield, England, American, Germany, Sweden, United, Wales
[1/47] Oct 26, 2023; Pittsburgh, Pennsylvania, USA; Colorado Avalanche center Ross Colton (20) stretches on the ice before the game against the Pittsburgh Penguins at PPG Paints Arena. It was Jarry's second shutout of the season, the 15th of his career and his first against the Avalanche. Lars Eller and Sidney Crosby also scored for the Penguins, who are 6-2-0 against Colorado in the past eight meetings. With Georgiev out of position, Smith scored short side to make it 2-0. Off a rebound of a shot by Radim Zohorna, Eller scored on a backhander from the low slot to boost the lead to 3-0.
Persons: Ross Colton, Charles LeClaire, Reilly Smith, Tristan Jarry, Lars Eller, Sidney Crosby, Alexandar Georgiev, Ivan Prosvetov, Smith, Georgiev, Bryan Rust, Evgeni Malkin, Devon Toews, Malkin, Eller, Radim Zohorna, Crosby Organizations: Colorado Avalanche, Pittsburgh Penguins, PPG Paints, Avalanche, Penguins, Colorado, NHL, Thomson Locations: Pittsburgh , Pennsylvania, USA, Pittsburgh, Colorado
Stars cruise past Penguins for third straight win
  + stars: | 2023-10-25 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/42] Oct 24, 2023; Pittsburgh, Pennsylvania, USA; Dallas Stars left wing Mason Marchment (27) takes the ice to warms up before the game against the Pittsburgh Penguins at PPG Paints Arena. Mandatory Credit: Charles LeClaire-USA TODAY Sports Acquire Licensing RightsOctober 25 - Jason Robertson and Thomas Harley each had a goal and an assist Tuesday to help the visiting Dallas Stars down the Pittsburgh Penguins 4-1 for their third straight win. Ryan Graves forced a turnover in the Stars' end and got the puck to defense partner Kris Letang. From the bottom of the left circle, Guentzel set up Rust in the slot, and Rust shoveled it past Oettinger for his team-leading fifth goal. Matt Duchene, near the crease, got the puck through two Penguins to Dadonov, who threaded it inside the right post.
Persons: Mason Marchment, Charles LeClaire, Jason Robertson, Thomas Harley, Evgenii Dadonov, Wyatt Johnston, Jake Oettinger, Bryan Rust, Alex Nedeljkovic, John Ludvig, Radek Faksa, Oettinger, Rust, Ryan Graves, Kris Letang, Sidney Crosby, Jake Guentzel, Guentzel, Robertson, Nedeljkovic's, Dadonov, Matt Duchene, Nedeljkovic, Harley, Johnston Organizations: Dallas Stars, Pittsburgh Penguins, PPG Paints, Stars, Dallas, Penguins, Pittsburgh, NHL, The Penguins, Thomson Locations: Pittsburgh , Pennsylvania, USA, Dadonov
A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. With the United Auto Workers (UAW) strike entering its 36th day and the total economic cost pegged at more than $7 billion, companies are counting the cost of lost revenue amid an uncertain economy and persistent inflation. "The damage from the strikes will last long after UAW members return to work," University of Michigan professor Erik Gordon said. Earlier this week, consultancy firm Anderson Economic Group estimated the economic losses related to supplier wages and earnings of about $2.67 billion through fourth week of the strike. An agreement remains elusive so far and shares of automakers and suppliers have fallen since the strike began on Sept. 15.
Persons: Luke Sharrett, Erik Gordon, Gordon, Lear, John Murphy, Aptiv, Mikael Bratt, Raechel Thankam, Shivansh, Marie, Nathan Gomes, Arun Koyyur Organizations: United Auto Workers, UAW, REUTERS, Detroit Three, University of Michigan, Workers, Delta Air Lines, Detroit . Paints, PPG Industries, railroader Union, Analysts, General Motors, Ford Motor, Trucking, Magna International, Global Research, Anderson Economic Group, Reuters, EV, Auto, Marie Mannes, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Detroit, French, Forvia, Bengaluru, Stockholm
Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.
Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, , Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington
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