You won't have to look hard to find reasons to be pessimistic about the stock market's prospects. Inflation is rising. Some experts warn that Iran's disruption of traffic flowing through the critical Strait of Hormuz could lead to even higher oil prices in the coming months. Stock valuations are at record highs. But many of Wall Street's smartest contrarians use an indicator that's flashing bright...
You won't have to look hard to find reasons to be pessimistic about the stock market's prospects. Inflation is rising. Some experts warn that Iran's disruption of traffic flowing through the critical Strait of Hormuz could lead to even higher oil prices in the coming months. Stock valuations are at record highs. But many of Wall Street's smartest contrarians use an indicator that's flashing brightly. And this indicator could mean that right now is a great time to buy stocks. Image source: Getty Images. Continue reading
STORY: Google parent Alphabet said Monday it is looking to raise $80 billion in equity offerings in its push to fund a costly expansion of its AI infrastructure. That includes a $10 billion investment from Berkshire Hathaway. The deal positions Warren Buffett's company as a major investor, adding a high-profile endorsement of Alphabet's long-term AI and cloud strategy. Berkshire will take $10 bill...
STORY: Google parent Alphabet said Monday it is looking to raise $80 billion in equity offerings in its push to fund a costly expansion of its AI infrastructure. That includes a $10 billion investment from Berkshire Hathaway. The deal positions Warren Buffett's company as a major investor, adding a high-profile endorsement of Alphabet's long-term AI and cloud strategy. Berkshire will take $10 billion of shares in a private placement, adding to the position it has built since the third quarter of last year. Last month, the investment giant said it more than tripled its stake in the Google operator, which at nearly $17 billion has become one of its largest common stock investments. One analyst said the additional purchase underscores that Berkshire believes Alphabet will earn a reasonable return on its AI spending.
FotografiaBasica Philip Morris International ( PM ) on Tuesday cut its 2026 full-year reported diluted EPS guidance to a range of $7.18 to $7.33, down from its prior outlook. The revision accounts for a $500M non-cash impairment charge at its Canadian affiliate and an updated currency forecast driven by a stronger Russian ruble. Excluding a total 2026 adjustment of $1.13 per share, the forecast ra...
FotografiaBasica Philip Morris International ( PM ) on Tuesday cut its 2026 full-year reported diluted EPS guidance to a range of $7.18 to $7.33, down from its prior outlook. The revision accounts for a $500M non-cash impairment charge at its Canadian affiliate and an updated currency forecast driven by a stronger Russian ruble. Excluding a total 2026 adjustment of $1.13 per share, the forecast range for adjusted diluted EPS of $8.31 to $8.46 represents a projected increase of 10.2% to 12.2% versus $7.54 in 2025. Analysts currently expect EPS of $ 8.41 for the year, on revenue of $43.50B. Excluding a favorable currency impact, at prevailing exchange rates, of $0.20 per share, this represents growth of 7.5% to 9.5%, the tobacco giant said . Canada writedown: PMI's Canadian affiliate, RBH, updated its five-year financial projections in May 2026 to reflect tougher industry dynamics. As a result, PMI expects to record a non-cash impairment charge of roughly $500M, or $0.33 per diluted share, in Q2 2026. RBH remains deconsolidated from the PMI group, with its remaining carrying value estimated at less than $100M. Additionally, driven by a stronger Russian ruble, unrealized transactional forex effects from deferred tax liabilities will impact Q2. As a result, Philip Morris ( PM ) updated its Q2 adjusted diluted EPS forecast to $1.97–$2.02, factoring in a 3-cent unfavorable currency headwind. More on Philip Morris Philip Morris: The Pullback Is A Gift For Long-Term Investors Philip Morris International Inc. (PM) Shareholder/Analyst Call - Slideshow Philip Morris: Room To Run Toward Fair Value Philip Morris names Massimo Andolina as group CFO Broyhill Asset Management adds Microsoft, trims Philip Morris International among Q1 moves
A viral video showing a basketball coach forcing a pupil to slap himself in front of others at a Hong Kong school has sparked concern from a child protection group, which warns the act could cause physical injury and emotional harm. In a video circulating on social media platform Threads on Tuesday, three men in white T-shirts are seen standing around a boy on a school playground in broad daylight...
A viral video showing a basketball coach forcing a pupil to slap himself in front of others at a Hong Kong school has sparked concern from a child protection group, which warns the act could cause physical injury and emotional harm. In a video circulating on social media platform Threads on Tuesday, three men in white T-shirts are seen standing around a boy on a school playground in broad daylight, surrounded by other students wearing basketball jerseys. The man in the middle first takes a...