While everyone it seems awaits a downturn in earnings, there's one bright spot that could help cushion profits and revenues of tech and other multinational corporations. Companies with big foreign sales exposure griped about the soaring dollar when they reported earnings last spring, summer and fall. But with the dollar's stunning reversal since then, some companies should conversely start to catch a currency break and potentially see upside surprises.
"Given that sell-side estimates typically don't reflect changes in currency , we see a weakening dollar as a cushion to Q4 and 2023 estimates." Sacconaghi said it's difficult to estimate the impact on earnings per share from dollar weakness, but he expects the impact to be positive on the bottom line, as well. He noted that Hewlett Packard Enterprises in October told investors that the strong dollar would hurt earnings per share by 15% in fiscal 2023.
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How The World's Largest Banks Are Funding Fossil Fuel CompaniesThe financing of fossil fuel companies continues at the highest levels despite promises made by the world's largest banks to limit lending.
แหล่ง: cleantechnica - 🏆 565. / 51 อ่านเพิ่มเติม »
More US companies brace for job cuts amid likely recession, survey showsMore American companies expect a decline in payrolls this year as the U.S. economy heads into a possible recession triggered by Fed interest rate hikes. Somebody wants a recession and they want it REAL bad, it's as if somebody is talking themselves into a recession, making a self-fulfilling prophecy come true, so they can say, see, I told you we were heading into or already are in a recession.
แหล่ง: FoxBusiness - 🏆 458. / 53 อ่านเพิ่มเติม »
Why Utah Gov. Cox and AG Reyes plan to sue social media companiesUtah Gov. Spencer Cox, alongside Utah Attorney General Sean Reyes, announced that the state would take legal actions against social media companies to address, they say, the harm that digital platforms are doing to the mental health of Utah’s youth. 'Sometime in the future' Adorable that our politicians think that kids don't know how to lie online.
แหล่ง: sltrib - 🏆 316. / 61 อ่านเพิ่มเติม »
Utah set to sue social media companies to 'protect our kids'Comparing social media companies to those that pushed opioids and tobacco, Utah Gov. Spencer Cox announced the state is set to sue those companies in an effort to protect children. Mean while. People can’t afford housing. Can’t afford food. Wages aren’t going up and prices are so out of wack. Oh. But let’s battle social media instead. The GOP sucks so bad. It would probably make sense if the Ch_JesusChrist stopped investing in social media companies as well then?
แหล่ง: fox13 - 🏆 550. / 51 อ่านเพิ่มเติม »
Aerospace companies lose early bid to toss engineers' antitrust claimsA Connecticut federal judge has given an early win to aerospace engineers alleging that a division of Raytheon Technologies Corp and five other companies conspired to restrict employment opportunities and suppress wages in violation of U.S. antitrust law.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »
Utah plans to sue social media companies for alleged harms to children, teens'It's very telling when the very people building these apps refuse to let their kids have them,' Gov. Spencer Cox said. '... They are designed, intentionally, to make sure that you never put them down.' Sounds like they are better at parenting.
แหล่ง: KSLcom - 🏆 549. / 51 อ่านเพิ่มเติม »