Garmin (GRMN -8.49%) this morning reported record first-quarter revenue that jumped 11% year over year. Bottom-line profits grew even faster at 13%. The maker of GPS-enabled devices even boosted revenue guidance for the year. So investors might be wondering why the stock plunged by as much as 12.6% Wednesday morning. While it recovered some of
Snap Plunges as Company Pulls Guidance Amid ‘Uncertainty’ 19 minutes ago Shares of Snap (SNAP) tumbled Wednesday, a day after the social media company said it wouldn’t provide a current-quarter outlook and plans to cut costs because of “uncertainty” about the future. The Snapchat operator wrote in a letter to investors that because it’s not
GE HealthCare Tops Estimates but Cuts Outlook Over Tariffs 1 hr 4 min ago GE HealthCare Technologies (GEHC) on Wednesday posted first-quarter results that came in better than analysts had expected, but the former General Electric division lowered its full-year profit outlook because of tariffs. The medical device maker reported adjusted earnings per share of
Georgia Sen. Jon Ossoff says Trump’s ‘chaos and uncertainty’ leading to economic challenges Sen. Jon Ossoff, D-Ga., said the economic challenge sparked by President Donald Trump’s “chaos and uncertainty” is the biggest issue facing the Peach State, stressing that the president’s uncertain economic policy is impacting how businesses and residents make decisions for the future.
[SINGAPORE] Investors’ appetite for gold bars and coins remained strong in the first quarter of 2025. At 2.5 tonnes, the demand was up 35 per cent year on year, the highest since records began by World Gold Council (WGC) in 2010. The gold investment demand in Indonesia, Malaysia and Thailand also grew steadily at double-digit
The ASX 200 has edged higher following a market surge in the US overnight, as investors await fresh inflation data due on Wednesday that could pave the way for a second RBA interest rate cut of 2025. The index bumped up 0.3 per cent in the early moments of trading on Wednesday, with Ramelius Resources
Starbucks Slides in Extended Trading as Results Miss 2 minutes ago Starbucks (SBUX) reported fiscal second-quarter revenue and earnings that missed analysts’ expectations, sending shares lower in extended trading Tuesday. The coffee giant reported revenue of $8.76 billion, up 2% year-over-year but just below the analyst consensus from Visible Alpha. Starbucks’ adjusted earnings per share of 41
Biggest S&P 500 Movers on Tuesday 5 hr 9 min ago Advancers SBA Communications (SBAC), a real estate investment trust (REIT) focused on telecommunications infrastructure, posted better-than-expected first-quarter revenue, boosted by strength in its domestic leasing business. The firm also boosted its full-year outlook and announced a new $1.5 billion share repurchase plan, and several
The former chairman of Vinco Ventures, which tried and failed to popularize a TikTok rival, pleaded guilty to conspiring to commit securities fraud. Roderick Vanderbilt was Vinco’s chairman during a tumultuous period at the company, which was detailed in an investigation by Business Insider. Its stock swung wildly on a string of splashy announcements — including
Could now be a moment of opportunity for investors looking to make money and a positive impact? That idea may sound nutty amidst unprecedented uncertainty and a dramatic rise in anti-environment rhetoric and actions in the macro environment. If you’re spooked by the headlines, you’re not alone. But once you cut through the noise, opportunities