Tag Archives: environment

KB Home orders plunge amid ‘challenging’ environment

KB Home orders plunge amid ‘challenging’ environment

Homebuilder KB Home (KBH) reported revenue and profits that missed estimates in the fourth quarter as its net orders plunged and the value of its backlog fell 25% against the same quarter last year. The Los Angeles-based homebuilder posted quarterly results that missed Wall Street expectations, with earnings per share coming at $2.47 against $2.86 expected by Bloomberg consensus. Revenue in the quarter totaled $1.94 billion in Q4, less than the $1.98 billion expected by analysts compiled by… Source link

Read More »

Yandex parent looks to restructure ownership, governance citing ‘geopolitical environment’

Yandex parent looks to restructure ownership, governance citing ‘geopolitical environment’

Natalya Maisheva/iStock Editorial via Getty Images The parent firm of Russian technology company Yandex (NASDAQ:YNDX) said on Friday that it would look to restructure the group’s ownership and governance, citing the “current geopolitical environment” amid the country’s war with Ukraine. In a statement, Yandex N.V. (YNDX) said that a special committee had been tasked with exploring a wide range of potential scenarios, including developing international divisions of certain services, such… Source link

Read More »

Yandex parent looks to restructure ownership, governance citing ‘geopolitical environment’

Yandex parent looks to restructure ownership, governance citing ‘geopolitical environment’

Natalya Maisheva/iStock Editorial via Getty Images The parent firm of Russian technology company Yandex (NASDAQ:YNDX) said on Friday that it would look to restructure the group’s ownership and governance, citing the “current geopolitical environment” amid the country’s war with Ukraine. In a statement, Yandex N.V. (YNDX) said that a special committee had been tasked with exploring a wide range of potential scenarios, including developing international divisions of certain services, such… Source link

Read More »

HP CEO on earnings miss: ‘It’s a challenging environment’

HP CEO on earnings miss: ‘It’s a challenging environment’

The PC correction and slow growth in the U.S. economy have been a one-two punch to computing giant HP Inc (HPQ). HP saw fiscal fourth-quarter sales fall 11.2% from a year ago, pushed lower by a 26% decline in the number of notebook computer units sold. Meanwhile, desktop unit sales fell 3% in the quarter and consumer printer unit sales fell 4% while commercial gained 5%. HP also revealed a new $1.4 billion cost-cutting plan that will see it shed 4,000 to 6,000 employees by fiscal year… Source link

Read More »

Vintage cars are ‘a compelling market’ amid recessionary environment: Bring a Trailer CEO

Vintage cars are ‘a compelling market’ amid recessionary environment: Bring a Trailer CEO

For car lovers out there who follow the classic car market, the exploding interest in auction site Bring a Trailer (BAT) has, to put it lightly, been a mixed blessing. On the positive, the site has on display hundreds of classic and enthusiast cars that one can peruse and bid (or dream of bidding) on. On the other hand fans decry the exploding values of once attainable cars, that they blame on the rise of Bring a Trailer. For BAT co-founder and president Randy Nonneberg, he’s just meeting… Source link

Read More »

‘We are in an environment many of us haven’t seen before’

‘We are in an environment many of us haven’t seen before’

Target (TGT) CEO Brian Cornell cited inflation and “historic highs with inventory levels” as he pulled back the curtain on his major decision to aggressively markdown inventory amid “an environment many of us haven’t seen before” in remarks on Tuesday. “I recognized after a few weeks of looking at our own stores, analyzing our business, looking at competition, and hearing from our team that we [had] to address this problem upfront,” Cornell explained at an event held at The Economic Club of… Source link

Read More »

Elon Musk says we can’t let humankind end in ‘adult diapers’ and that the environment would be fine if we doubled our population

Elon Musk says we can’t let humankind end in ‘adult diapers’ and that the environment would be fine if we doubled our population

Elon Musk.Christophe Gateau/picture alliance via Getty Image Elon Musk argued for higher birth rates again, saying otherwise we will all “end up in adult diapers.” He claimed without evidence that the environment can support it “even if we doubled the size” of the global population. Experts have stated other factors causing birth rates to decline. Elon Musk argued on Monday that it’s “total nonsense” that people were not having have kids because it was bad for the environment, and made another… Source link

Read More »

Billionaire Paul Tudor Jones says you ‘can’t think of a worse environment’ for stocks and bonds — but here’s one simple strategy he’d employ right now

Billionaire Paul Tudor Jones says you ‘can’t think of a worse environment’ for stocks and bonds — but here’s one simple strategy he’d employ right now

Billionaire Paul Tudor Jones says you ‘can’t think of a worse environment’ for stocks and bonds — but here’s one simple strategy he’d employ right now If you’re thinking about buying the dip in stocks, you might want to think again. According to Paul Tudor Jones, the billionaire founder of Tudor Investment Corporation, it’s still not the time to go on a shopping spree. “You can’t think of a worse environment than where we are right now for financial assets,” he told CNBC… Source link

Read More »

Restaurants grapple with inflation, labor woes: ‘Toughest operating environment ever’

Restaurants grapple with inflation, labor woes: ‘Toughest operating environment ever’

Restaurants continue to grapple with the aftermath of COVID-19 as surging prices, supply chain headwinds and labor shortages compound an already struggling sector. “This is the toughest operating environment I’ve ever seen for this industry…and I haven’t seen anything loosen up yet,” AJ Kumaran, Raising Cane’s co-CEO and COO, told Yahoo Finance in a new interview. Labor has been one of the most difficult obstacles for restaurants to overcome, with nearly half of all operators citing… Source link

Read More »