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May 23, 2022

forecast

This is just the beginning. Above-normal heat is forecast for most of the U.S. this summer.

@BreaknNews
Just as temperatures were heating up for about half of the U.S. population this week, the National Oceanic and Atmospheric Administration issued its monthly climate trends report on Thursday. The main takeaway? Prepare for a scorcher of a summer. The agency said that above-normal temperatures are likely across almost all......

Palo Alto Networks stock jumps after company lifts full-year forecast

CNBC
CNBC – For more and to sign up click here Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected. Here’s how the company did: Earnings: $1.79 per share, adjusted, vs.......

Telefonica quarterly profit tops forecast on price rises, cost cuts

Reuters
The logo of Spanish Telecom company Telefonica is seen during GSMA’s 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Register now for FREE unlimited access to Reuters.com Register MADRID, May 12 (Reuters) – Spanish telecom company Telefonica (TEF.MC) posted a smaller-than-expected fall in first-quarter net......

A.I. lender Upstart shares plummet more than 50% after company cuts full-year revenue forecast

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CNBC – For more and to sign up click here In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook,......

CVS raises forecast for year, as first-quarter earnings top expectations

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CNBC – For more and to sign up click here A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it......

Belgium’s Solvay hikes 2022 profit forecast after 1st quarter beat

Reuters
The logo of Belgian chemical group Solvay is seen at its headquarters in Brussels, Belgium, July 29, 2015. REUTERS/Francois Lenoir Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Solvay SA (SOLB.BR) on Wednesday raised its full-year core profit forecast after the Belgian chemicals group reported......

Thomson Reuters ups 2022 revenue forecast after Q1 beat

Reuters
The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Q1 adjusted EPS 66 cents vs forecast 61 cents Q1 revenues up 5.5% to $1.67 bln,......

Honeywell raises full-year profit forecast as air travel surges

Reuters
An aircraft engine is being tested at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS/Alwyn Scott/File Photo Register now for FREE unlimited access to Reuters.com Register April 29 (Reuters) – Honeywell International Inc raised its full-year profit forecast on Friday, as a recovery in aviation markets due......

BASF sticks with earnings forecast despite risks from Russia, China

Reuters
A logo is seen on the facade of the BASF plant and former Ciba production site in Schweizerhalle near Basel July 7, 2009. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Sees exceptionally high level of uncertainty Cites Russia sanctions, China pandemic response as risks Operating profit......

Amazon shares fall on bleak forecast and slowest growth since dot-com bust

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CNBC – For more and to sign up click here Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44......

Merck raises 2022 forecast as COVID pill, cancer drug fuels profit beat

Reuters
April 28 (Reuters) – Merck & Co (MRK.N) on Thursday reported quarterly profit and sales that beat estimates and raised its full-year forecasts on strong demand for top-selling cancer drug Keytruda, its Gardasil vaccine and COVID-19 antiviral pill molnupiravir. The U.S. drugmaker’s shares rose 1.8% to $85.90 before the opening......

Economists offer upbeat forecast for Oakland County over the next three years

Detriot News
Detroit News – For more and to sign up click here Pontiac — Oakland County’s economic message was upbeat as it revealed its 37th annual economic forecast Thursday against a backdrop of pandemic rebound, jobless rates and global concerns such as the war in Ukraine. University of Michigan economists said despite......

Southwest Airlines keeps 2022 profit forecast as bookings and fares outpace higher costs

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CNBC – For more and to sign up click here A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines reiterated its forecast for second-quarter and 2022 profits as bookings and fares outpace a jump in labor,......

Facebook forecast points to possible revenue drop for the first time after decade of growth

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CNBC – For more and to sign up click here Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single......

Kraft Heinz raises annual sales forecast on sustained packaged foods demand

Reuters
Bottles of Heinz Tomato Ketchup, owned by the Kraft Heinz Company, are seen for sale in Queens, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register April 27 (Reuters) – Kraft Heinz Co (KHC.O) on Wednesday raised its......

PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast

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CNBC – For more and to sign up click here In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and......

Abbott cuts sales growth forecast on baby formula recall

Reuters
Packages of BinaxNOW COVID-19 Antigen Self Test, manufactured by Abbott Laboratories, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register April 20 (Reuters) – Abbott Laboratories (ABT.N) on Wednesday lowered its full-year sales growth......

Up to 4 inches of snow forecast Monday for portions of Metro Detroit

Detriot News
Detroit News – For more and to sign up click here The start of the workweek could feature the unexpected: the past week ends in sunshine and clear weather, and begins anew with snow. The National Weather Service is forecasting up to 6 inches of snow in portions of Metro Detroit on Monday.  ......

China’s Q1 GDP beats forecast, but March activity heightens risks to outlook

Reuters
China Q1 GDP +4.8% y/y, risks to outlook rise sharply March activity indicators already show growing stress Retail sales contract 3.5% in March, vs -1.6% in poll March nationwide jobless rate highest since May 2020 Industrial output, investment beat forecasts BEIJING, April 18 (Reuters) – China’s economy grew at a......

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