Author: Press Room
© Reuters. FILE PHOTO: A warning sign for a natural gas pipeline is seen as natural gas flares at an oil pump site outside of Williston, North Dakota March 11, 2013. REUTERS/Shannon Stapleton/File Photo (Reuters) – The U.S. needs more pipeline capacity to maintain reliable gas supply during extreme cold weather, a trade group representing pipeline companies said on Monday in support of regulators who last week urged sought new rules to prevent a repetition of last winter’s power outages. The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp (NERC) urged lawmakers to fill a regulatory…
andresr/E+ via Getty Images The Beauty Health Company (NASDAQ:SKIN) is down ~38% in after-hourS trading Monday after lowering its fiscal 2023 net sales guidance due to lower-than-expected U.S. revenue and restructuring charges for device upgrades. In addition, the skin care company said it was suspending its long-term 2025 financial outlook. Also, CEO Andrew Stanleick will be departing the company on Nov 19. Beauty Health (SKIN) now sees net sales guidance of $385M to $400M. Consensus is $461.3M. The company noted that part of the reason for the 2023 guidance change is $63.1M in restructuring charges related to device upgrades of…
President Biden and Democrat strategist David Axelrod have shown increasing tension towards each other after Axelrod questioned whether it was the best decision for Biden to run again in 2024. But the friction, at least on the Biden family side, appears to date back years.Earlier this month, Axelrod suggested it may be “wise” for Biden to drop out of the 2024 race following a poll that showed him losing to former President Trump by up to 10 points in five battleground states he won in 2020.”Only [Joe Biden] can make this decision,” the former Obama adviser wrote on X on November…
Topline Pfizer shares tumbled again Monday, continuing the pharmaceutical giant’s struggles tied to declining demand for its Covid-19 products and essentially wiping out the entirety of the firm’s peak pandemic gains. Pfizer’s Covid-related revenues are down considerably this year, hurting its stock performance. Future Publishing via Getty Images Key Facts Pfizer stock slipped 1.6% to $28.96, closing at its lowest share price since March 26, 2020. Excluding March 2020, when the stock market briefly crashed amid stay-at-home orders, Pfizer is now at its lowest share price since December 2016. Pfizer shares are down more than 50% since their December 2021…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Labour party will conduct a sweeping review of the UK’s pension system to find ways of unlocking billions of pounds worth of retirement fund capital for the country’s growth if it wins the next general election, shadow chancellor Rachel Reeves has said.Speaking a week before the Autumn Statement, Reeves unveiled a series of measures that went further than proposals set out so far by chancellor Jeremy Hunt to boost British long-term pension investment in UK businesses.The UK pension market is among…
© Reuters. The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane Mahe (Reuters) -Electric-vehicle startup Fisker (NYSE:) reported a larger-than-expected loss for the third quarter on Monday and flagged weakness in the company’s internal control over financial reporting. The company’s shares fell nearly 10% to $3.72 after the bell. “In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company’s internal control over financial reporting,” Fisker said. Fisker had delayed its results from Nov. 8, blaming…
© Reuters. Ellington Residential Mortgage REIT (NYSE:) reported a net loss of $0.75 per share for the third quarter of 2023, citing high volatility and rising interest rates. Despite this, the company’s adjusted distributable earnings rose quarter-over-quarter, and it maintained a robust liquidity position. The company is optimistic about significant growth in its collateralized loan obligation (CLO) allocation, which it believes will drive earnings growth and diversification, despite challenges in the Agency MBS sector. Key takeaways from the earnings call include:Ellington Residential Mortgage REIT experienced significant price movements in Q3, with some 30-year coupons down over 5 points.The company emphasized…
Nanophase Technologies GAAP EPS of -$0.03, revenue of $7.95M
The Supreme Court announced on Monday that it had issued an ethics code for the justices after a series of revelations about undisclosed property deals and gifts intensified pressure on the court to adopt one.In a statement by the court, the justices said they had adopted the code of conduct “to set out succinctly and gather in one place the ethics rules and principles that guide the conduct of the members of the court.”“For the most part these rules and principles are not new,” the court said, adding that “the absence of a code, however, has led in recent years…
When you buy through our links, Insider may earn an affiliate commission. Learn moreIn total, Taylor Swift’s Eras Tour includes 146 dates across five continents, with an average of 72,000 eager concert-goers showing up each night. So, it’s safe to say Taylor Swift has a lot of fans. If someone in your life happens to be a Swiftie – and the odds of that are quite high – we have some good news. Getting them the perfect holiday gift this season is easy. Below, we’ve compiled a list of the best Taylor Swift gifts that any fan will appreciate. From merch…