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Halliburton's Soft Revenue Lags Estimates, Goldman Sachs Analyst Seeks Clarity On 2025 Activities
Halliburton Company (NYSE:HAL) shares are trading lower on Wednesday. Goldman Sachs analyst Neil Mehta reiterated the Buy rating on the stock, with a price forecast of $36. Halliburton reported a fourth-quarter revenue decline of 2.3% year-over-year to $5.610 billion, missing the consensus of $5.63 billion. Completion and Production revenue fell 4.2% YoY to $3.2 billion, with $629 million operating income. The analyst noted that softer revenue was mainly due to a decline in Completion and Produc
Ziosk CEO Rhonda Levene on Restaurant Tech: ICR Conference 2025
Exec Edge hosted a fireside chat at the ICR Conference 2025 with Rhonda Levene, CEO of Ziosk. The in-person interview was joined by Editor-at-Large Jarrett Banks and they discussed the company’s partnerships with major restaurant companies like Brinker, Flynn Group and Darden, how Ziosk is leveraging AI to enhance operations for its customers, and more. […]
Trive-Backed Space and Defense Firm Karman Files for US IPO
(Bloomberg) -- Karman Holdings Inc., a maker of integrated systems for space and defense programs backed by Trive Capital, has filed for an initial public offering.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsLA Schools Wrecked by Fires Plead on GoFundMe for Help to Reopen
Grove Collaborative CEO Jeff Yurcisin on Going Plastic-Neutral: ICR Conference 2025
Exec Edge hosted a fireside chat at the ICR Conference 2025 with Jeff Yurcisin, Chief Executive Officer of Grove Collaborative Holdings, Inc. (NYSE: GROV). The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed the company’s business model and its key differentiators in the consumer products space, what is coming ahead on 2025, and […]
Stock Futures Rise. Trump’s Orders Are Encouraging for Markets So Far.
U.S. stocks were gaining early Wednesday as traders digested President Donald Trump’s policy plans. His early announcements eased concerns about tariffs on imports and bolstered the outlook for technology companies. Looking ahead, the key factors for markets could hinge on Trump news the rest of th
WHY Brands CEO Steve Dunn, CBO Diana Barnes on Baby Industry: ICR Conference 2025
Exec Edge hosted a fireside chat at the ICR Conference 2025 with Steve Dunn, founder and Chief Executive Officer of WHY Brands and Diana Barnes, Chief Brand Officer and Creative Director. The in-person interview was joined by Editor-at-Large Jarrett Banks and they discussed the company’s growth and expansion, Munchkin’s award-winning podcast “Stroller Coaster”, and more. Watch the […]
Dollar flat in choppy trading as investors await tariff certainty
NEW YORK (Reuters) -The U.S. dollar alternated between gains and losses on Tuesday in a choppy session, as markets grappled with uncertainty surrounding any tariffs President Donald Trump may implement. Trump told reporters he was thinking about implementing tariffs of around 25% on imports from Canada and Mexico as of Feb. 1 over fentanyl crossing into the country and migrants entering illegally. The dollar rose as much as 0.68% earlier in the session as the greenback attempted to bounce back from a sharp decline on Monday.
Trump Memecoin Frenzy Spawns ETF Bid in Test of SEC Boundaries
(Bloomberg) -- First the Trump memecoin, now the ETF. Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsDonations to LA Fire Victims Rise Past $200 Million MarkWhat LA’s Fires Mean for the City’s Housing ShortageJust days after Donald Trump sparked a speculative and controversial crypto frenzy — by launching namesake digital tokens
Want to Make $10,000 With Dogecoin? Don't Make These 3 Mistakes.
Dogecoin (CRYPTO: DOGE) is the undisputed king of the meme coins, with a market cap of about $56 billion. The coin has been in a roaring rally since late last year, rising by 355%, and, with the Trump administration signaling a serious pro-crypto bent, it's no surprise that investors are interested in making big gains with a purchase. Is it possible to make a decent sum of $10,000 with a timely investment in this meme, even if your starting capital is on the small side?
HF Foods CEO Felix Lin on Asian Food Trends: ICR Conference 2025
Exec Edge hosted a fireside chat at the ICR Conference 2025 with Felix Lin, Chief Executive Officer of HF Foods. The in-person interview was joined by Editor-at-Large Jarrett Banks and they discussed key trends in the Asian food space, the main drivers for growth in the current market, and more. Watch the full recording: About Felix Lin […]
Qorvo Could Achieve $9.63 EPS By 2026 With Activist Involvement, Morgan Stanley Upgrades Stock
Morgan Stanley analyst Joseph Moore upgraded Qorvo, Inc. (NASDAQ:QRVO) to Overweight from Equal-Weight, raising the price forecast to $106 from $90. Moore notes that he has seen value in Qorvo stock and attempted to capture it through upgrades, but the results have been only modest. The analyst also highlighted challenges in the radio frequency space, particularly with pressure on the Chinese business, which increases concentration in other areas. Per Moore, while the radio frequency market serv
Smithfield Foods seeks up to $10.7 billion valuation in US IPO
Smithfield Foods is targeting a valuation of up to $10.73 billion in its New York flotation, the biggest U.S. pork processor said on Tuesday, moving closer to its U.S. stock market return after more than a decade. Hong Kong-based WH Group, the world's largest pork producer, is spinning off Smithfield into a listed company as it looks to create a separate fundraising platform for its U.S. and Mexico businesses. The IPO is set to be the largest U.S. listing by a food company since Swedish oat milk maker Oatly Group AB's $1.6 billion flotation in 2021, according to data compiled by LSEG.
Puttshack CEO Logan Powell on Tech-Enable Game Experience: ICR Conference 2025
Exec Edge hosted a fireside chat at the ICR Conference 2025 with Logan Powell, Chief Executive Officer of Puttshack. The in-person interview was joined by Editor-at-Large Jarrett Banks and they discussed how the company balances its dining and gaming experiences, the brand’s proprietary tech”Trackaball” and “Challenge Hole” and how it approaches innovation, and more. Watch the […]
More Than 80% of Stocks Are Gaining Today
Donald Trump used the stock market's performance as a daily gauge of his administration's success during his first term. The S&P 500's strong breadth today may be seen by him as an early vote of confidence. The index was climbing in afternoon trading, with 410 stocks marking one-day gains—meaning m
Trade, tariffs, energy - markets react to Trump's return to office
SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White House. President Trump did not immediately impose tariffs on Monday as previously promised, but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over illegal immigrants and fentanyl crossing into the U.S.
Why AST SpaceMobile Stock Is Soaring Today
AST SpaceMobile (NASDAQ: ASTS) stock is making big gains Tuesday thanks to signs that the space industry will receive elevated support under the new Trump administration. Space stocks are rallying today following comments made by President Trump at his inauguration, and AST SpaceMobile is among the companies getting a valuation boost. In particular, investors seem to be excited about Trump's plans to support a mission to send U.S. astronauts to Mars.
Mitsubishi Chemical picks Bain as preferred bidder for pharma unit, sources say
TOKYO/HONG KONG (Reuters) -Japan's Mitsubishi Chemical Group has picked U.S. investment fund Bain Capital as the preferred bidder for its pharmaceutical subsidiary, Tanabe Mitsubishi Pharma, in a deal that could value it at over $3 billion, two people with knowledge of the situation said. Nikkei reported on Monday the company is likely to sell its Tanabe Mitsubishi Pharma unit to Bain Capital for more than 500 billion yen ($3.2 billion). Mitsubishi Chemical said in a statement on Tuesday the Nikkei report was not announced by the company.
Renault CFO steps down, to be replaced by Alpine's Minto
Pieton, who departs on Feb. 28, will be replaced by Duncan Minto, currently chief financial officer of Renault Group sports car producer Alpine who starts on March 1. Minto joined Renault in 1997 and held several positions within the group before becoming the CFO of Alpine in October 2023. Renault shares opened down almost 2% before reversing course and were trading flat at 0855 GMT.
Talpins’ Hedge Fund Returns $6 Billion to Mostly Manage His Cash
(Bloomberg) -- Jeff Talpins’ macro trading hedge fund Element Capital Management returned more than $6 billion last year, shrinking its asset base and stepping closer to managing mostly internal money.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityMayors Chart an Agenda for
This Is What Nvidia Says Could Be the Next Big Trend in Artificial Intelligence. These 3 Stocks Could Be Big Winners
Artificial intelligence (AI) stocks have been some of the best investments to be holding in recent years. Chipmaker Nvidia (NASDAQ:NVDA) is at the forefront of all things AI these days. Its chips are used to help power the AI revolution.
Baillie Gifford posts fresh performance data as activist spat deepens
Baillie Gifford U.S. Growth Trust, battling plans by U.S. activist Saba Capital to shake up its board, unveiled fresh data on Tuesday to show it had outperformed the S&P 500 Index in sterling terms in the six months to Nov. 30. In response to Saba's allegations of consistent underperformance, Baillie Gifford said the company's share price and net asset value returned 40.9% and 29.4% respectively over the period, after deducting borrowings at fair value. This compared with a total return of 15.3% for the S&P 500Index in sterling terms, it said, dismissing Saba's proposals to place two of its own nominees on the board as a "self-serving and destructive" attempt to assume control of the company.
Economists split on Singapore monetary policy amid Trump 2.0 uncertainties
Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S. President Donald Trump introduces in his second term. Reuters polled 12 analysts and six expect the Monetary Authority of Singapore to loosen its currency-based monetary policy at a scheduled review on Friday to reflect an easing in inflation and stronger-than-expected economic growth in 2024. It last eased policy in March 2020 as Singapore braced for a recession as COVID-19 was spreading worldwide.
Burberry investors watch for signs of sales turnaround
Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand reports sales for the crucial festive season this Friday. Joshua Schulman, who took the reins as CEO six months ago, has promised to build the brand back and reclaim lost market share, a tough ask in a struggling luxury market, by focusing on products like trench coats that Burberry is best known for. Burberry shares have gained more than 70% since hitting a near 15-year low at the start of September, as investors bet that pessimism around the brand has peaked and Schulman will be able to drive sales up again.
Meta ex-COO Sandberg sanctioned in investor lawsuit for deleting emails
Meta Platforms' former chief operating officer, Sheryl Sandberg, was sanctioned by a judge on Tuesday for deleting emails related to litigation over Facebook's Cambridge Analytica privacy scandal, despite being told to preserve the messages. The judge, Vice Chancellor Travis Laster, of Delaware Chancery Court, said evidence showed Sandberg used a personal account under a pseudonym and erased messages that were likely relevant to the shareholder lawsuit.
Where Will Moderna Be in 3 Years?
As Moderna (NASDAQ: MRNA) looks to shore up its business in the wake of its declining coronavirus vaccine sales, it's natural for investors to wonder about where the biotech will go in the near future. Moderna won't be revisiting its all-time highs for revenue or earnings in the next three years. The odds that it will experience another idiosyncratic gold rush like there was for its coronavirus vaccine are close to zero.
SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump
(Bloomberg) -- SoftBank Group Corp., OpenAI, and Oracle Corp. are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsDonations to LA Fire Victims
Apple iPhone Sales Plunged 18% in China Over Holidays, Research Shows
(Bloomberg) -- Sales of Apple Inc. iPhones dived 18.2% in China during the December quarter, according to independent research, a major setback for the company in its biggest market after the US.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsDonations to LA Fire Victims Rise Past $200 Million MarkWhat LA’s Fires Mean for the City
Why Dogecoin Is Gaining Today
Dogecoin (CRYPTO: DOGE) is climbing higher Tuesday despite a backdrop of pullbacks for the broader crypto market. In conjunction with President Trump's inauguration yesterday, the Department of Government Efficiency (DOGE) launched its website. While the government advisory commission isn't directly connected to the Dogecoin cryptocurrency, the new website features the Dogecoin logo.
South Korea economy barely grew in Q4; BOK to cut rates in February - Reuters poll
The South Korean economy barely grew last quarter as political chaos weighed on consumer spending, according to a Reuters poll of economists who expect the Bank of Korea to cut interest rates next month following a surprise hold last week. Asia's fourth-largest economy grappled with uncertainty from President Yoon Suk Yeol's brief Dec. 3 martial law attempt, weakening economic sentiment and sluggish domestic demand which overshadowed the recovery in exports. After only growing 0.1% in the July-September quarter, South Korea's economy likely expanded a seasonally adjusted 0.2% in Q4, according to the median forecast of 24 economists.
Investors 'make Europe great again' with big stock allocation, BofA says
European stocks saw their second largest allocation in a quarter of a century in January, as lagging risk assets played catch up, according to a survey of investors from BofA Global Research published on Tuesday. In a report titled "Make Europe Great Again", BofA said asset allocation remained risk-on, with investors bullish towards the U.S. dollar and stocks, but bearish towards everything else. A disorderly rise in bond yields was seen as the most bearish development for 2025, BofA said.