Honeywell Aerospace Inc. has begun its inaugural US investment-grade bond sale, targeting as much as $16 billion as it prepares for a planned spinoff. The deal in as many as nine parts has maturities of two to 40 years, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. Initial price talk for the longest-tenored note is for a ...
Honeywell Aerospace Inc. has begun its inaugural US investment-grade bond sale, targeting as much as $16 billion as it prepares for a planned spinoff. The deal in as many as nine parts has maturities of two to 40 years, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. Initial price talk for the longest-tenored note is for a spread of as much as 1.35 percentage points above Treasuries, the person added. The private offering was disclosed last week by parent Honeywell International Inc. , with the size poised to be one of the biggest US investment-grade deals of 2026. Fixed-income investor calls were held Monday. Syndicate desks are looking for roughly $60 billion of investment-grade issuance this week, after March began with $50.6 billion of supply even as geopolitical tensions tied to the Iran war kept primary activity subdued. Each of the past two Mondays have seen no high-grade deals. Honeywell, in February 2025 , laid out plans to break up into three companies after pressure from activists. Solstice Advanced Materials Inc. was spun off in October, with the aerospace unit targeted for separation in the third quarter of 2026. The aerospace business has secured $4 billion of revolving credit facilities. Fitch Ratings has assigned an A- grade to Honeywell Aerospace, while Moody’s Ratings put the firm at A3 and S&P Global Ratings issued a BBB+ grade. Helping run the bond sale are Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. Morgan Stanley and Wells Fargo & Co., the person said. Honeywell last week also announced an offer to repurchase as much as $3.75 billion of dollar bonds and €1.25 billion ($1.45 billion) of euro notes.
Rivian Automotive's upcoming R2 model could capitalize on an electric vehicle demand rebound in the U.S., according to TD Cowen. The bank upgraded the electric vehicle manufacturer to buy from hold. Analyst Itay Michaeli also lifted his price target to $20 from $17, which points to a 26% gain from Monday's close. Michaeli said his upgrade follows a recent deep-dive on demand trends for Rivian's ne...
Rivian Automotive's upcoming R2 model could capitalize on an electric vehicle demand rebound in the U.S., according to TD Cowen. The bank upgraded the electric vehicle manufacturer to buy from hold. Analyst Itay Michaeli also lifted his price target to $20 from $17, which points to a 26% gain from Monday's close. Michaeli said his upgrade follows a recent deep-dive on demand trends for Rivian's new R2 SUV model. Rivian's R2 model, which starts at $45,000, is less expensive and smaller than the company's R1S SUV, which offers a starting price of $80,000. While the R2 looks visually similar to the R1S, it only has five seats, or two fewer. RIVN 1Y mountain RIVN 1Y chart "We see full scale R2 demand at 212-335k units, suggesting upside to '27 consensus. With the shares down ~20% YTD, we like the risk/reward into the R2 launch," Michaeli wrote. The analyst said the R2 launch is consistent with his thesis around a looming U.S. electric vehicle demand comeback. "Our recently introduced (March 2026) R2 demand model suggests potential full-scale demand above the current consensus, leaving us more optimistic," he said. "With the R2 launching in H1 2026, the vehicle will have an added advantage of being an early mover on next-gen EVs with L3/L4 hardware." Shares of Rivian Automotive have sunk 19% this year, but are up 45% over the past 12 months.
Each year, retirees eagerly await news of the Cost of Living Adjustment (COLA). COLAs help to ensure that retirees don’t lose buying power over time. Since prices go up steadily, Social Security benefits also need to increase too because otherwise checks would purchase less each year. The official announcement regarding the 2027 COLA is a ... March 18th Is The Date Social Security Retirees Need to...
Each year, retirees eagerly await news of the Cost of Living Adjustment (COLA). COLAs help to ensure that retirees don’t lose buying power over time. Since prices go up steadily, Social Security benefits also need to increase too because otherwise checks would purchase less each year. The official announcement regarding the 2027 COLA is a ... March 18th Is The Date Social Security Retirees Need to Watch If They Care About COLA
Authorities in Northern Ireland have identified “multiple” potential victims of a former police officer who is accused of rape and other sexual offences. The office of the police ombudsman said on Tuesday it was allocating all available resources to the case given its “impact, scale and complexity”. Ombudsman investigators arrested the former officer in December 2025 on suspicion of committing mor...
Authorities in Northern Ireland have identified “multiple” potential victims of a former police officer who is accused of rape and other sexual offences. The office of the police ombudsman said on Tuesday it was allocating all available resources to the case given its “impact, scale and complexity”. Ombudsman investigators arrested the former officer in December 2025 on suspicion of committing more than 10 offences, including rape, while serving in the police between 2000 and 2009. “We have identified multiple potential victims, together with a substantial number of witnesses,” Hugh Hume, the ombudsman chief executive, said in a statement. “We have also seized a large volume of material, including a significant amount of digital evidence, during a search operation.” Hume said the investigation’s scope meant other cases could be affected. “As the victim impact, scale and complexity of the investigation have become clear, we are now working to ensure that this investigation is carried out in the most timely manner possible. We are, therefore, allocating all available resources to ensure it will be victim-centred, effective and efficient. Our resources are finite and this means that the timeliness of our other casework may be affected.” The ombudsman needed to balance the demands of this “complex and expanding investigation” with other cases, said Hume. “If we do not prioritise now, in the long term we risk compromising the service we provide to complainants and victims, and public confidence in this office and the PSNI,” he said. Under the terms of the Good Friday agreement, the Police Service of Northern Ireland replaced the Royal Ulster Constabulary in 2001. Hume said news of the widening investigation could be distressing for anyone who had been affected or harmed, or who had been harmed by a similar experience. “We would like to reassure victims that they are not to blame and if they choose to contact us, we will listen, we will investigate and we will do so indep...
(RTTNews) - Exxon Mobil Corporation (XOM), the oil and gas major, Tuesday announced that it is changing the company's legal domicile from New Jersey to Texas. The company feels Texas' legal and regulatory environment, including its modernized business statutes and the Texas Business Court, are designed to resolve complex disputes efficiently. When corporate decisions are challenged, Texas courts a...
(RTTNews) - Exxon Mobil Corporation (XOM), the oil and gas major, Tuesday announced that it is changing the company's legal domicile from New Jersey to Texas. The company feels Texas' legal and regulatory environment, including its modernized business statutes and the Texas Business Court, are designed to resolve complex disputes efficiently. When corporate decisions are challenged, Texas courts are required to apply clear, statute-based standards, which support sound decision-making. "Aligning our legal home with our operating home, in a state that understands our business and has a stake in the company's success, is important.", commented Darren Woods, ExxonMobil chief executive officer. Further, the energy firm assured that the proposed redomiciliation will not affect business operations, management, strategy, assets, or employee locations and nor will it reduce shareholder rights. ExxonMobil has no plans to adopt elective provisions under Texas law that would diminish shareholder rights currently in place, the company added. In pre-market activity, XOM shares were trading at $148.78, down 1.10% on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Investors betting on a hawkish response to rising oil prices could be misreading the Federal Reserve, according to Bank of America Corp., which warns that supply shocks can also result in periods of stable interest rates and even deep cuts. While the two-year Treasury yield has moved in lock-step with surging oil prices since the start of the Iran war, reflecting expectations of higher borrowing c...
Investors betting on a hawkish response to rising oil prices could be misreading the Federal Reserve, according to Bank of America Corp., which warns that supply shocks can also result in periods of stable interest rates and even deep cuts. While the two-year Treasury yield has moved in lock-step with surging oil prices since the start of the Iran war, reflecting expectations of higher borrowing costs, US economist Aditya Bhave warns this “could be a mistake.” An energy shock isn’t necessarily hawkish, he argues, because it can create tension between the central bank’s mandates to promote stable prices and support employment. “This ‘fattens the tails’ of the policy distribution: greater risk of an extended hold, tail risks of hikes, but also larger risks of deep cuts,” he wrote on Tuesday. Shorter-dated Treasury yields have jumped as much as around 20 basis points so far this month, and traders are pricing 40 basis points of rate cuts this year, compared with more than 60 basis points before the latest conflict began. Oil prices slumped on Tuesday after breaking through $100 a barrel in the previous session. Even so, crude production cuts in the Middle East are deepening, shaving about 6% off global supply. The Strait of Hormuz chokepoint remains at a near-standstill. Read more: Global Leaders Race to Shield Their Economies From War Shocks Bhave wrote that the market reaction so far has echoes of 2022, when Russia invaded Ukraine. At that time, he said, the US had a lower unemployment rate and consumers were flush with stimulus cash. “We now have a soft labor market, moderately elevated inflation and more modest fiscal support,” he said. “This sets us up for a more dovish Fed response if the oil shock is persistent.”
NoDerog/iStock Unreleased via Getty Images It might be time to buy Hormel ( HRL ) soon. The short-term headwinds that hurt the company last year are mostly gone. In 2026, Hormel will focus on efficiency. This company now has a 4.79% dividend yield, but it can’t continue to increase its dividend if its earnings fall further. So, Hormel is raising prices, laying off employees, and exiting low-margin...
NoDerog/iStock Unreleased via Getty Images It might be time to buy Hormel ( HRL ) soon. The short-term headwinds that hurt the company last year are mostly gone. In 2026, Hormel will focus on efficiency. This company now has a 4.79% dividend yield, but it can’t continue to increase its dividend if its earnings fall further. So, Hormel is raising prices, laying off employees, and exiting low-margin businesses. Most recently, it announced that it was selling its Justin’s turkey business. My thesis is that Hormel’s 2026 guidance doesn’t fully reflect its efficiency gains, because some of them may not be visible until 2027. This company’s Q1 2026 results indicate that it’s giving up market share to improve its margins. Right now, other food companies are reducing their prices so they don’t lose customers. Hormel is doing the opposite right now. The company’s volume dropped 3.9% in the first quarter, but it still posted 1.3% net sales growth. And while Hormel’s retail segment reported -2.2% net sales growth, its foodservice and international segment reported 7.3% and 7.6% growth, respectively. Meanwhile, Hormel will also have higher input costs in 2026. Meat and nut prices are rising, and so are transportation costs. And the government has also placed tariffs on metal containers . The company may not be able to pass all of these input price increases onto grocery stores, which are reporting that their customers are trying to save money right now. And Hormel’s retail segment is its biggest segment. So, in the short term, Hormel’s efficiency improvements might not have a big impact on its results. Hormel’s Overall Expectations for 2026 Haven’t Changed That Much Hormel is selling its Justin’s turkey business to strengthen its margins and stabilize its revenue. It sounds like this is the main reason why the company raised its GAAP operating income guidance and its GAAP diluted EPS guidance in this report. But Hormel didn’t change its GAAP revenue guidance or its adjusted ope...
Kansas City Life Insurance press release ( KCLI ): FY GAAP EPS of -$2.14. Revenue of $485.5M (-1.1% Y/Y). More on Kansas City Life Insurance Seeking Alpha’s Quant Rating on Kansas City Life Insurance Dividend scorecard for Kansas City Life Insurance Financial information for Kansas City Life Insurance
Kansas City Life Insurance press release ( KCLI ): FY GAAP EPS of -$2.14. Revenue of $485.5M (-1.1% Y/Y). More on Kansas City Life Insurance Seeking Alpha’s Quant Rating on Kansas City Life Insurance Dividend scorecard for Kansas City Life Insurance Financial information for Kansas City Life Insurance
Key Points Taikang Asset Management (Hong Kong) Co Ltd reported buying 182,605 shares of Futu Holdings Limited. The quarter-end value of the new stake was $29.99 million. This new position represents 2.97% of the fund’s reportable U.S. equity assets under management at quarter-end. 10 stocks we like better than Futu › What happened According to an SEC filing dated Feb. 13, 2026, Taikang Asset Mana...
Key Points Taikang Asset Management (Hong Kong) Co Ltd reported buying 182,605 shares of Futu Holdings Limited. The quarter-end value of the new stake was $29.99 million. This new position represents 2.97% of the fund’s reportable U.S. equity assets under management at quarter-end. 10 stocks we like better than Futu › What happened According to an SEC filing dated Feb. 13, 2026, Taikang Asset Management (Hong Kong) Co Ltd initiated a new position in Futu Holdings Limited (NASDAQ:FUTU), acquiring 182,605 shares. The estimated value of this purchase is $31.34 million, based on the average closing price over the filing quarter. What else to know This is a new position for the fund and represents 2.97% of its $1.01 billion reportable U.S. equity assets as of Dec. 31, 2025. Top holdings after the filing: Tesla : $62.47 million (6.2% of AUM) Apple : $56.63 million (5.6% of AUM) Vanguard S&P 500 ETF : $52.31 million (5.2% of AUM) Alphabet Class C shares: $51.08 million (5% of AUM) Nvidia : $40.89 million (4% of AUM) As of Feb. 16, 2026, shares of Futu were priced at $146.72, up 20.4% over the past year, outperforming the S&P 500 by 7.2 percentage points. Company overview Metric Value Market Capitalization $19.95 billion Price (as of market close 2/16/26) $146.72 Revenue (TTM) $2.67 billion Net Income (TTM) $1.26 billion Company snapshot Offers digitalized securities brokerage, margin financing, and wealth management product distribution via Futubull and Moomoo platforms. Generates revenue primarily from commissions, margin financing, fund distribution, and value-added financial services within its digital ecosystem. Serves individual and institutional investors in Hong Kong and internationally, targeting tech-savvy and cross-border clients seeking online investment solutions. Futu Holdings Limited is a leading digital financial services provider, leveraging technology to deliver brokerage and wealth management products at scale. The company’s integrated platforms, Futubull...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Zheping Huang writes about the OpenClaw rush in China. Tech Across the Globe Apple delays home display: The iPhone maker is postponing a smart home display until later this year as it struggles to finish AI upgrades to its Siri digital assistant, an integral part of the n...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Zheping Huang writes about the OpenClaw rush in China. Tech Across the Globe Apple delays home display: The iPhone maker is postponing a smart home display until later this year as it struggles to finish AI upgrades to its Siri digital assistant, an integral part of the new product. OpenAI’s acquisition: The maker of ChatGPT has agreed to buy Promptfoo, a startup that lets large businesses fix security issues in AI models during their development. Uber’s pitch to women: The rideshare company is going nationwide in the US with its optional feature that matches women passengers and drivers, expanding a safety measure as it seeks to resolve sexual assault complaints. Revalued OpenAI partner Nscale has raised $2 billion in funding that values the data center developer at $14.6 billion. That places the UK-based firm among Europe’s most valuable startups. The company also added former Meta executives Sheryl Sandberg and Nick Clegg as directors. AI lobsters everywhere KimiClaw. AutoClaw. QClaw. MaxClaw. The latest mania gripping China’s tech circles is “raising lobsters,” as the world’s biggest internet population dives headlong into the world of artificial intelligence agents. OpenClaw, the viral, open source tool for creating autonomous AI, has spawned a new ecosystem within China’s tech arena with a level of exuberance that eclipses Silicon Valley. No, seriously. The language of lobster husbandry — referring to the process of using what was previously known as Clawdbot to create an agent that would do complex tasks like organizing a schedule or triage email — is everywhere across the Chinese internet. Companies are starting their WeChat posts with the ???? emoji and promising their customization is the easiest way to get in on the trend. Tech giants like Tencent and Alibaba, along with AI upstarts ranging from Moonshot to MiniMax, have rolled o...
DataStrike Offers Three Fabric Engagements to Meet Customers Where They are in their Fabric Journey PITTSBURGH, March 10, 2026 /PRNewswire/ -- DataStrike, a leader in 100 percent onshore database, cloud, and business intelligence managed services, announced today that it has expanded its Microsoft Fabric services to support organizations adopting Microsoft's unified analytics platform. As more com...
DataStrike Offers Three Fabric Engagements to Meet Customers Where They are in their Fabric Journey PITTSBURGH, March 10, 2026 /PRNewswire/ -- DataStrike, a leader in 100 percent onshore database, cloud, and business intelligence managed services, announced today that it has expanded its Microsoft Fabric services to support organizations adopting Microsoft's unified analytics platform. As more companies look to simplify their data estates and prepare for AI-driven use cases, DataStrike is seeing increased demand for hands-on guidance around Fabric architecture, migrations, optimization, and ongoing operations. DataStrike logo (PRNewsfoto/DataStrike) Microsoft Fabric brings together data engineering, data science, data warehousing, real-time intelligence, and Power BI into a single platform built on OneLake. While the promise of consolidation and faster insight is driving strong interest, many teams are discovering that Fabric requires thoughtful design and operational discipline to deliver consistent results at scale. Many organizations adopt Microsoft Fabric with high ambitions but struggle once the platform moves into production. Common challenges include late insights, performance slowdowns, unpredictable capacity costs, skill shortages, governance gaps, conflicting reports, stalled proof-of-concepts, and AI outputs that lack credibility. Fabric is easy to deploy. Executing it under real workloads is harder. "Fabric has changed how organizations think about analytics platforms," said Rob Brown, President and COO of DataStrike. "But getting value from it depends on how well it's designed, how workloads are separated, and how costs and performance are managed over time. That's where customers are asking for help. With Fabric, customers are trying to move quickly, but they don't want to create another platform they have to unwind later. Our goal is to help them get it right early and keep it running well as the business evolves." DataStrike's expanded services are d...
Shares of Vertiv Holdings Co VRT jumped 9.3% on March 9 after it was announced that the data-center infrastructure company, which is part of the Zacks Computers - IT Services industry, will be added to the S&P 500 Index, effective March 23. The news sparked strong buying interest from investors, as inclusion in the widely tracked benchmark typically leads to increased demand from index funds and e...
Shares of Vertiv Holdings Co VRT jumped 9.3% on March 9 after it was announced that the data-center infrastructure company, which is part of the Zacks Computers - IT Services industry, will be added to the S&P 500 Index, effective March 23. The news sparked strong buying interest from investors, as inclusion in the widely tracked benchmark typically leads to increased demand from index funds and exchange-traded funds that replicate the S&P 500. VRT’s entry into the benchmark index reflects the company’s growing importance in the global technology infrastructure ecosystem. The firm provides critical digital infrastructure technologies and services, including power management, thermal management and integrated solutions for data centers, communication networks and commercial environments. With the rapid expansion of cloud computing, artificial intelligence (AI) workloads and hyperscale data centers, demand for Vertiv’s products and services has been rising steadily. The S&P 500 is widely considered the most important benchmark for U.S. equities, tracking the performance of 500 of the largest publicly traded companies in the United States. Joining the index marks a significant milestone for Vertiv, highlighting its rapid growth and strengthening its profile among global investors. On March 9, VRT’s stock price briefly hit $265, its highest ever recorded level. This Zacks Rank #2 (Buy) stock has soared 218.1% in the last 12-month period against its sub-industry’s 19% decline. Two of VRT’s closest competitors, Super Micro Computer, Inc. SMCI and Wipro Limited WIT, have lost 21.6% and 26.4%, respectively in the same period. While SMCI carries a Zacks Rank #3 (Hold), WIT has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Bottom Line Vertiv’s recent stock performance has been supported by strong investor enthusiasm for companies linked to the data-center and AI infrastructure boom. As technology giants continue to in...
The SpaceX IPO will be Earth-shattering, as the valuation is astronomical and the risks abound. Investors have options, but waiting may not be one of them.
The SpaceX IPO will be Earth-shattering, as the valuation is astronomical and the risks abound. Investors have options, but waiting may not be one of them.
Alphabet Inc. (NASDAQ:GOOG) is one of the top stocks that will make you rich in 10 years. Alphabet Inc. (NASDAQ:GOOG) announced on March 5 an expanded collaboration between Waystar and Google Cloud, aimed at accelerating its agentic AI capabilities and advancing the industry to an autonomous revenue cycle. Waystar is a provider of leading healthcare payment software, delivering mission-critical in...
Alphabet Inc. (NASDAQ:GOOG) is one of the top stocks that will make you rich in 10 years. Alphabet Inc. (NASDAQ:GOOG) announced on March 5 an expanded collaboration between Waystar and Google Cloud, aimed at accelerating its agentic AI capabilities and advancing the industry to an autonomous revenue cycle. Waystar is a provider of leading healthcare payment software, delivering mission-critical infrastructure necessary for healthcare providers to get paid. Alphabet Inc. (NASDAQ:GOOG) further reported that the expanded partnership entails Waystar further enhancing its AI-powered platform with greater strategic integration of Google Cloud's Gemini models and data infrastructure. The partnership would allow higher hyperscale deployment across complex revenue cycle workflows, resulting in a further acceleration of Waystar’s innovation roadmap, launching and building advanced automation capabilities faster. It further reported that the collaboration’s next phase unlocks transformational use cases for agentic AI by uniting and deploying a singular combination of financial and clinical intelligence. Alphabet Inc. (NASDAQ:GOOG) is a holding company with segments including Google Services, Google Cloud, and Other Bets. The Google Services segment operates various services and products, including Android, Google Maps, Google Play, Chrome, Search, and YouTube. While we acknowledge the potential of GOOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Follow Insider Monkey on Google News.
Tesla Inc. CEO Elon Musk is on his way to becoming a trillionaire, with a net worth of around $662 billion. This will receive a boost after the much-awaited initial public offering (IPO) of SpaceX. Elon Musk Hints At $ 1.75 Trillion Valuation The potential SpaceX IPO has been a topic of significant interest, especially after Musk hinted at a $1.75 trillion valuation. This valuation is driven by Sp...
Tesla Inc. CEO Elon Musk is on his way to becoming a trillionaire, with a net worth of around $662 billion. This will receive a boost after the much-awaited initial public offering (IPO) of SpaceX. Elon Musk Hints At $ 1.75 Trillion Valuation The potential SpaceX IPO has been a topic of significant interest, especially after Musk hinted at a $1.75 trillion valuation. This valuation is driven by SpaceX’s ambitious plans for Mars colonization and orbital expansion. Don't Miss: The company is reportedly preparing to file confidentially for an IPO as early as next month, aiming for a June listing that could raise up to $50 billion, potentially surpassing Saudi Aramco’s $29 billion debut to become the largest IPO in history. Citigroup Joins IPO Process Citigroup Inc. has joined the list of banks preparing for the IPO. SpaceX is also considering a dual-class share structure to ensure Musk retains control post-IPO, a strategy similar to those used by Alphabet Inc. and Meta Platforms Inc.. With expectations that SpaceX’s market cap could rival those of Amazon.com Inc. and Meta, the IPO is poised to be a landmark event in the financial world. Trending: Before the IPO: How One Company Quietly Locked Up 500+ Iconic Character Rights Here's What The Prediction Market Is Saying Data from Kalshi, a federally authorized betting platform, shows that over $950,000 has been bet on the contract “When will SpaceX officially announce an IPO?" The "Before Aug. 1, 2026" option has the highest backing, with bettors placing a 81% probability on this option. The "Before Jul. 1, 2026" option also has a lot of backing, with bettors placing a 71% probability. The prediction market, however, is skeptical of the company announcing its IPO before June 1, with the option having only a 29% probability, as per bettors. Read Next: Photo courtesy: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an ...
Best Buy (BBY) reported a surprise sales slump in its key holiday shopping season. Same-store sales declined 0.8% in the fourth quarter, the company said Tuesday. Wall Street had hoped for a 0.2% increase after two straight quarters of positive growth. "We continue to see customers who are resilient, but they are definitely deal-focused," Best Buy CEO Corie Barry told Yahoo Finance in a call with ...
Best Buy (BBY) reported a surprise sales slump in its key holiday shopping season. Same-store sales declined 0.8% in the fourth quarter, the company said Tuesday. Wall Street had hoped for a 0.2% increase after two straight quarters of positive growth. "We continue to see customers who are resilient, but they are definitely deal-focused," Best Buy CEO Corie Barry told Yahoo Finance in a call with reporters. Best Buy expects first quarter same-store sales to return to growth, rising 1%. Barry said more than 50% of its customers make more than $100,000 per year. Revenue for the fourth quarter totaled $13.81 billion, less than the $13.88 billion Wall Street had expected, per Bloomberg consensus data. Adjusted earnings per share came in higher at $2.61, more than the $2.46 the Street predicted. Best Buy stock is down more than 30% in the past year, but popped up more than 8% in early trading. For the full year, revenue came in at $41.69 billion, just below the $41.76 billion Wall Street predicted. Adjusted earnings per share came in at $6.43, $0.12 above Wall Street's estimates for $6.31. For the year, same-store sales grew 0.5%, less than the 0.9% increase Wall Street was looking for. For 2027, the company expects revenue to come in the range of $41.2 billion to $42.1 billion, alongside same-store sales that are expected to fall in a range between a 1% decline and 1% rise for the year. Adjusted earnings per share are expected to be in a range of $6.30-$6.60. This year, Best Buy is also watching the rise in memory costs as heightened demand impacts supply. Barry said it's "something our industry has faced in different peaks and valleys relatively often through the past 25 years." She added that the team is pulling in inventory, trying to provide its manufacturers with longer forecast horizons, working to find the right price points for consumers, and educating them on what's available. The team expects strength in computing and mobile phones to continue into 2026, after...