sales

North Korea threatens ‘powerful response’ over U.S. arms sales to Seoul

SEOUL, Aug. 27 (UPI) — North Korea on Thursday condemned U.S. approval of a possible $125 million sale of Sidewinder missiles and related equipment to South Korea, warning of a “serious, immediate and powerful response.”

In a statement carried by the North’s official Korean Central News Agency, a Foreign Ministry spokesperson called the proposed sale and other recent U.S. actions “hostile moves adversely affecting the security environment of the DPRK and the regional situation.”

The Democratic People’s Republic of Korea is the official name of North Korea.

The spokesperson cited last week’s U.S. State Department approval of a possible sale of 103 AIM-9X Sidewinder Block II tactical missiles, 10 tactical guidance units and related equipment to South Korea.

The statement also pointed to U.S. approvals this year involving naval helicopters, attack helicopter upgrades and precision-guided munitions.

In May, the State Department approved a possible $3 billion sale of 24 MH-60R multi-mission helicopters and a $1.2 billion upgrade package for South Korea’s AH-64E Apache attack helicopters. It approved a possible $106 million sale of Joint Direct Attack Munition guidance kits and related equipment in June.

The sales are “encouraging the ROK to boost its capability to fight a war,” the spokesperson said, using the official acronym for South Korea.

“Now that the military integration of the U.S. and its allies is being accelerated in the Asia-Pacific region, we cannot overlook the adverse effect of the U.S. sale of its weapons to the ROK on the regional security environment,” the spokesperson said.

The statement also criticized a State Department funding initiative announced last week that would provide up to $2.96 million for projects documenting human rights abuses in North Korea and countering Pyongyang’s propaganda and influence operations.

The spokesperson called the initiative a “human rights smear campaign” aimed at creating instability in North Korea’s political system.

The DPRK “will make a serious, immediate and powerful response to the hostile acts in different spheres,” the spokesperson said.

The statement comes as U.S. President Donald Trump pushes to restart direct diplomacy with North Korean leader Kim Jong Un.

Trump last week abruptly ordered the United States and South Korea to curtail their annual Ulchi Freedom Shield military exercise, citing its cost and saying the drills sent an “inappropriate and hostile” signal to Pyongyang.

North Korea has so far shown little inclination to engage, however. Kim Yo Jong, the sister of Kim Jong Un, said last week that Pyongyang had “no interest” in the reduction of the drills.

“If the U.S. calculates that it can propagate its recent measure as the one of so-called good faith, they will not get desired answer,” she said.

Kim Jong Un led a key ruling party meeting this week but made no mention of Trump’s overtures, according to a report Wednesday by KCNA.

Source link

Will a Premier League club break record for transfer sales in one window?

Manchester City‘s position has shifted following Wednesday’s signing of Ayyoub Bouaddi. They have generated 278.5m euros from sales so far, with the departures of players including Savio, Tijjani Reijnders, Rodri, James Trafford, Manuel Akanji and Nathan Ake.

Bouaddi’s arrival takes City’s spending to 273.7m euros, leaving them with a positive transfer balance of 4.8m euros.

Further departures could quickly change the picture again. Tottenham have agreed a loan deal to sign Omar Marmoush, with an obligation to make the move permanent for £60m (58m euros) next summer. That fee would therefore count towards City’s 2027-28 transfer income rather than this season’s figures.

Nico Gonzalez is also expected to leave, while Jack Grealish could yet be another departure before the deadline. Grealish spent last season on loan at Everton, who remain interested, although the winger has viewed Enzo Maresca replacing Pep Guardiola as manager as a fresh start at City. His contract runs until June 2027.

A permanent sale of Gonzalez, and possibly Grealish, could still significantly increase City’s 2026-27 income.

Their ability to sell at such a level is particularly significant given the scale of their midfield rebuild. City have already signed Elliot Anderson from Nottingham Forest for 135m euros. They also remain interested in Chelsea midfielder Enzo Fernandez.

Source link

Budget fix could raise sales taxes

Legislative leaders are drafting a complicated scheme to help close the state’s massive deficit by raiding funds voters have set aside for transportation and local government services, Gov. Arnold Schwarzenegger said Thursday, adding that it probably would force a state sales tax hike.

“It is not a good idea,” the governor said in an interview with The Times. But Schwarzenegger, anxious to get a budget passed before the state experiences a cash crisis, did not rule out signing off on such a plan.

During the half-hour interview in his office, the governor offered a broad outline of the proposal being discussed in closed-door budget negotiations. Schwarzenegger, who seemed exasperated by his inability to fix California’s fiscal dysfunction five years into his governorship, cited the borrowing plans to bolster his point that the state’s budget system was in need of reform.

The proposal is being considered as part of a possible compromise between Democrats seeking to close the deficit with $5.6 billion in income tax hikes on the rich and Republicans vowing to block any new taxes.

The legislative plan would balance the state budget with the help of $1.1 billion voters set aside for transportation projects and at least $1.4 billion earmarked for local governments under Proposition 1A, which was approved in 2004, Schwarzenegger said. State law requires that the money be paid back — at a steep interest rate — in three years.

In order to ensure that the money is repaid, “I literally would have to guarantee that with a sales tax or something,” Schwarzenegger said. “Where [else] do we get the revenues that someone can be saying so freely we can pay back this $2.5 billion we are borrowing?”

Officials involved in the confidential budget negotiations, who agreed to speak on condition of anonymity, said lawmakers also were looking to borrow $200 million voters set aside for early childhood education programs through 1998’s Proposition 10.

Local officials and advocates for the programs expressed alarm at the proposal to raid their funds. They accused legislative leaders of ignoring the will of voters, who approved the measures to prevent the state from touching the money in question.

“The money they would take is going to fund a huge amount of projects,” said Jim Earp, executive director of the California Alliance for Jobs, a construction trades group. “It would be a complete violation of the spirit of Proposition 1A.”

Earp said transportation advocates were mobilizing a campaign against the plan. He said direct mail would urge lawmakers to vote against it if it is included in the final budget deal.

In Los Angeles County, the proposal would force further cuts in healthcare and human services, and probably affect other programs, said county Chief Executive Officer William T Fujioka. He said the county would lose as much as $145 million this year.

“The human and social impact would be significant,” he said.

Schwarzenegger expressed frustration that California may once again return to borrowing. He argued that if the state were to impose some spending restraints — or at least require lawmakers to build substantial rainy-day funds — the perpetual budget crises would stop.

“It is a self-inflicted situation we are in,” Schwarzenegger said. “We know what the problem is, and we know this is the only way it can be fixed, but we are unwilling to do it.”

For the third time this year, the governor is trying to make changes in the state Constitution that would require that money be put aside in good economic times. His first attempt, in 2004, was watered down by the Legislature, ultimately resulting in a weak reserve that was quickly wiped out when the state’s revenue began to slow. That was followed by a ballot proposal that Democrats and labor groups warned would strangle government; it was defeated by voters in 2005.

“There was $100 million spent against it” and other unsuccessful ballot measures Schwarzenegger championed that year, he said, “because God forbid we should fix something.”

Democrats say it is the governor who is exacerbating the state’s financial problems, by refusing to recognize that California needs more revenue to provide the services polls show voters want. Schwarzenegger’s first action in office was to cut vehicle license fees, a move that is now costing the state as much as $6 billion. Democrats say the state needs that money, and that imposing spending restraints without replacing it would ultimately reduce government services substantially.

The standoff has allowed California’s fiscal problems to grow under the governor’s watch, even as other states have implemented reforms. In a recent ranking by the nonprofit Pew Center on the States, California’s budget system received a D-plus, the lowest grade given any state.

Schwarzenegger’s role in the budget process has been limited this year. Lawmakers complain he is often out of state boosting his national profile.

But the governor says he has met his deadlines for presenting budget plans, and that his attempts to get lawmakers to work on the problem throughout the year were rebuffed.

Schwarzenegger twice during the interview mentioned how Senate Leader Don Perata publicly implied that the governor should butt out of budget deliberations, saying that if he wanted to be involved, he should run for the Legislature.

“I kept saying all spring, ‘Guys, don’t wait until the last minute,’ ” Schwarzenegger said. “Then Perata makes his statement that ‘He shouldn’t be telling us what to do.’ We don’t have the luxury to improvise this year. We are running out of cash.”

The delay in dealing with the budget problem, the governor said, ultimately spilled over into other business at the Capitol, making it impossible to achieve anything of substance.

Schwarzenegger said he ranks the bills the Legislature sends to his desk into weight categories, a nod to his days as a bodybuilder. This year, he said, there is “very rarely a heavyweight bill.”

“We can’t move the state forward because everyone gets frozen,” he said.

evan.halper@latimes.com

Source link

Walmart shares fall as comparable sales growth slows

Customers at a Walmart on Nov. 28, 2013 in Alexandria, Va. Shares of Walmart fell more than 9% after the retailer reported the lowest quarterly comparable sales growth since 2020. File Photo by Michael Reynolds/EPA-EFE

Aug. 20 (UPI) — Walmart on Thursday reported sales grew at their slowest pace in the retailer’s latest fiscal quarter in six years, sending its shares down more than 9%.

In the second quarter ended July 31, comparable sales in the US, including stores and digital channels open for at least a year, were 2.6%, the smallest advance since 2020, Walmart said.

“Customers tell us they’re still feeling some pressure,” Walmart CEO John Furner said on an earnings call with analysts.

Walmart blamed the disappointing sales growth partly on new federal rules on drug pricing that cut the prices of several costly medications for those enrolled in Medicare.

The company is also anticipating at least $2 billion in extra costs this year from higher gasoline prices due to rising oil prices due to the U.S.-Israeli war with Iran.

As the national average for a gallon of regular gasoline has risen to $4.10 from $2.98 and inflation spiked to 3.4% from 2.4% before the conflict, Walmart said consumers are making adjustments.

“As you go through month by month in the last quarter, you can tell when fuel prices increased and got above $4, and perhaps there’s a psychological impact to that, that there are choices that consumers are making,” Walmart finance chief John David Rainey told analysts. “It’s why we have leaned so heavily into lower prices.”

Meanwhile, Walmart said it has seen gains as more affluent customers trade down as their budgets tighten.

For the full year, Walmart expects net sales to rise 4% to 5%, up from 3.5$ to 4.5% previously. Operating income is expected to rise 7.5% to 8.5%, up from an earlier view for 6% to 8%.

Rainey told CNBC that Walmart is eligible for tariff refunds of around $2.9 billion, and it has yet to receive nearly $100 million of that. He said the funds would be used to lower prices.

Source link

Walmart sees sales drop as US consumer spending retreats | Retail News

Walmart sales are slumping as US consumer spending pulls back, with the economic impact of tariffs and the United States’ tensions with Iran weighing on consumers, the big-box retailer’s most recent earnings report shows.

US same-store sales rose 2.6 percent in the second quarter, according to the company’s earnings released on Thursday, falling short of the 3.8 percent forecast by analysts at LSEG. That marked the slowest quarterly increase in six years.

Recommended Stories

list of 4 itemsend of list

The Bentonville, Arkansas-based retailer said heightened petrol prices are to blame for the slowdown in spending.

“When fuel prices increase and get above $4, perhaps there’s a psychological impact to that … consumers are making trade-offs,” CFO John David Rainey said on a call with analysts on Thursday.

Prices are continuing to jump. The average price for a gallon (3.78 litres) of petrol rose to $4.10 on Thursday, up from $4.07 a week ago, according to the American Automobile Association, which tracks daily petrol prices. By comparison, the average price was $2.98 when the US and Israel first struck Iran.

The big-box retailer also said it expected $2bn in incremental fuel-related costs above its original guidance.

Sales dropped in Walmart’s US pharmacy business and also dipped elsewhere. Overall, quarterly revenue rose 3.4 percent, the slowest pace since the first quarter of fiscal 2023.

Consumers are spending more in the checkout line — 1.1 percent higher than the previous quarter — but it is still well below the 3.1 percent jump this time last year.

That comes as consumer inflation ticked up last month by 0.1 percent from the month prior and 3.4 percent from this time last year, according to the US Labor Department’s Bureau of Labor Statistics (BLS).

The price of fresh fruit jumped 2.2 percent from a month ago, butter by 0.8 percent, and fresh fish by 1 percent, according to the BLS report.

This as overall retail sales dipped in July, dropping 0.6 percent, marking the biggest decrease since May 2025, according to the US Commerce Department data released last week.

Walmart also announced price cuts on Wednesday on 11,000 items, to be fuelled in part by the $2.9bn in tariff refunds it has received – a one-time boon – and a strategy also being deployed by rivals including Target.

Walmart said, however, that price changes took effect in July, so the effects might be more apparent in the company’s next earnings report.

“You don’t necessarily expect to have that offsetting benefit to the lower prices in the immediate period,” Rainey said.

However, fewer consumers are venturing into brick-and-mortar stores, with foot traffic increasing by 1.5 percent for the quarter, a drop from 3 percent in the previous quarter. However, Walmart’s e-commerce sales are on the upswing, with sales jumping 24 percent in the US.

As a result, Walmart upgraded its forecast for net sales growth, from 3.5–4.5 percent to 4–5 percent.

But that is limited because in-store sales are still the company’s premier offering.

“The bread and butter of the company is still in-store and in-person shopping,” Melius Research analyst Jacob Aiken-Phillips told the Reuters News Agency.

Mixed big-box earnings

Other big-box retailers also reported earnings in the last couple of days, with a pullback in consumer spending being an undertone. TJX, the parent company of TJ Maxx and Marshalls, reported sales growth of 1 percent for the quarter, a slowdown from 6 percent the quarter before.

“Our fear is that it relates to lower ticket [less purchases per shopping trip] given wider signs of consumer weakness and price increases over the last year-and-a-half,” William Blair analyst Dylan Carden told Reuters.

That comes alongside earnings from Target, one of Walmart’s closest competitors. On Wednesday, the Minneapolis, Minnesota-based big-box retailer reported net sales jumping 5.3 percent for the quarter compared to this time last year, at $26.5bn.

That was driven by a 3.6 percent rise in in-store traffic. The company has also cut prices over the last year on more than 10,000 items and received a $1bn tariff refund.

On Wall Street, Walmart is taking a hit on the heels of its earnings report, with shares down by 9.6 percent since the market opened. Other big-box retailers are lower, but not showing nearly as stark a drop. TJX stock was down 1.7 percent, and Target was down by 0.1 percent.

Source link

British PM bans sales of BBQs, deploys military in wildfire fight

An aerial view taken with a drone shows smoke rising from wildfires near Dunwich Heath in Suffolk, Britain, on July 31. British Prime Minister Andy Burnham on Friday banned the sale of disposable barbeques and took other emergency measures to combat wildfires triggered by heatwaves and a lack of rain. File Photo by Tolga Akmen/EPA

Aug. 14 (UPI) — British Prime Minister Andy Burnham imposed a temporary ban on the sale of disposable barbecues and deployed military personnel on Friday in a battle against widespread wildfires across the country.

Speaking from the hard-hit West Midlands of England, Burnham said the measures were made necessary by continuing waves of hot weather and extreme drought.

“We cannot accept this as the new normal,” he said in a video address while recounting how fires the region “have destroyed homes, forced people to evacuate and left firefighters injured while protecting others.”

Much of England and Wales remains in a deep drought and is facing another period of extreme heat a day after the Met Office reported temperatures reaching 100.6 degrees in London for the fifth-hottest day on record in the nation’s history, the British leader noted.

“Farmers are watching crops fail and firefighters have faced hundreds of wildfires in a matter of weeks,” he said. “This is what climate change looks like here and now.”

The prime minister said the barbeque ban, emergency funding for fire and rescue services and deploying military support were decided during a meeting of COBRA, the government’s emergency response committee, earlier this week.

But, he added, “we also have to tackle the causes of climate change and make Britain more resilient to the extreme weather we’re already experiencing. We shouldn’t just accept this as inevitable and I don’t.”

The British government has already announced plans to support the development of nine new water reservoirs and improve resilience to future droughts, floods and extreme weather, as well as a investment of nearly $135 million million “to strengthen the country’s response to wildfires and extreme weather.”

Thursday’s extreme temperatures meant Britain this year has already seen the most number of days reaching or exceeding 97 degrees (four days) and 98 degrees (three days), as well as equaling 2022 for seeing two days of 100 degrees.

As the weekend began, forecasters predicted a gradual cooling from north to south across the country but with much-needed rainfall remaining scarce.

“A front moving south eastwards across the U.K. on Monday and Tuesday could bring northern areas some rain but amounts of rain in the south will be small at most and the majority will fall over Northern Ireland and Scotland,” Steven Keates of the Met Office said in a release.

“The next meaningful rain forecast for these very dry areas could be towards the end of next week as an area of low pressure influences our weather from the southwest.”

Among the structures lost to the explosive Blue Cut Fire is the historic Summit Inn on Route 66. Finding it had none of his music, Elvis reportedly kicked the jukebox here and left without eating. Having recently changed ownership, it now lies in ruins as the massive wildfire grows into a major problem, triggering a state of emergency and forced evacuations of more than 80,000 people near Cajon Pass, California on Aug. 17, 2016. The Blue Cut Fire began early Tuesday in the San Bernardino National Forest and quickly grew to more than 25,000 acres in about 24 hours. Photo by Jim Ruymen/UPI | License Photo

Source link

U.S. retail sales dropped 0.6% from June to July

Aug. 14 (UPI) — The U.S. Department of Commerce said Friday that retail sales dropped 0.6% in July from June, the largest decline since May 2025.

The department’s figures, which are adjusted for seasonal swings but not for inflation, revealed retail sales were down from June’s 0.2% gain and fell far short of the 0.1% gain that economists had forecasted in a FactSet poll.

However, retail sales have increased by 5% over the past year, exceeding the long-term average.

Some analysts attributed a portion of July’s dip to the annual Amazon Prime sale, which normally takes place in July, but was held in June this year. Internet sales, the second-largest category of retail sales after automotive, were down 2.3% in July.

Figures for the past year show online sales are overall up 8%.

Auto sales were down 1.8% in June.

The Commerce Department report showed sales at bars and restaurants actually went up in July, with a .5% increase over the previous month.

Data from the U.S. Bureau of Labor Statistics earlier revealed 23,000 jobs were cut by employers in July. The unemployment rate was measured at 4.1%, down from 4.2% in June.

Members of the National Guard patrol near the Washington Monument on Tuesday. Photo by Bonnie Cash/UPI | License Photo

Source link

Primo Brands forecasts 2026 comparable net sales growth of 2% to 4% while reaffirming $1.465B to $1.515B adjusted EBITDA (NYSE:PRMB)

Earnings Call Insights: Primo Brands Corporation (PRMB) Q2 2026

Management View

  • Eric Foss said, “Second quarter net sales were $1.8 billion, up 4.2% on a comparable basis versus prior year, ahead of our expectations and marking a second consecutive quarter of year-over-year growth,” and added that “Adjusted

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Navitas projects $13.5M Q3 revenue while targeting AI infrastructure at more than 1/3 of sales by year-end (NASDAQ:NVTS)

Earnings Call Insights: Navitas Semiconductor (NVTS) Q2 2026

Management View

  • CEO Chris Allexandre framed Q2 as progress in “our strategic transformation to Navitas 2.0,” saying the company “delivered increasing revenue of 22% sequentially, coupled with a stronger third quarter guidance,” and that “high power markets grew more

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Shein swings to $99m loss as Donald Trump’s tariffs hit sales

Shein says it swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty exemption on small packages.

It also comes as uncertainty remains over the tit-for-tat US-China tariffs wars, which is currently paused.

The fast-fashion giant, which has its headquarters in Singapore but was founded in China, said it lost $99m (£74.1m) in the first three months of the year, compared with a net income of $395m a year earlier.

The announcement is part of the firm’s preparations ahead of its stock market debut in Hong Kong, although the filing did not give any details on the size, timetable or pricing of the planned initial public offering (IPO).

“In response to the increased duties and taxes, we are pursuing a wide range of options, including increasing our prices in the US market to offset a portion of the increased costs,” Shein said in the filing.

The company also said the Iran war had hit demand, increased costs and caused delays of deliveries in some markets.

The first-quarter figures also partly reflected a paper loss of $328m due to an accounting change for special investor shares. The shares can be turned into ordinary stock later, and their value can change before a listing.

The filing showed that in the year to the end of March 2026 Shein had 281 million active customers – a rise of more than 16% on a year earlier – who placed a total of more than one billion orders.

On 10 July, the China Securities Regulatory Commission (CSRC) gave Shein approval for a Hong Kong share sale after failed attempts to list in New York and London.

The Hong Kong share listing is expected to take place in the coming months.

The figures show the impact of a Trump-signed executive order to end a global tariff exemption that had been used by US shoppers of low-cost goods.

That order, which came into effect on 29 August 2025, broadened an earlier presidential action which specifically targeted cheap products from China and Hong Kong to cover the rest of the world.

The so-called de minimis exemption had allowed goods valued at $800 or less to enter the US without paying any tariffs. US consumers relied on the exemption to buy cheap goods from online commerce sites like Shein and Temu.

The White House said the global exemption was being used to “evade tariffs and funnel deadly synthetic opioids” to the US.

“The removal of the US de minimis exemption has had an adverse impact on our sales in the US and the overall growth of our net revenues,” Shein said in the filing.

Earlier in July, the European Union imposed a €3 (£2.56; $3.42) levy on low-value e-commerce imports.

The measure is aimed to curb what the trading bloc has said is unfair competition from China.

Source link

Vita Coco expects $790M-$805M net sales and $154M-$161M adjusted EBITDA as it adds Copra (NASDAQ:COCO)

Earnings Call Insights: The Vita Coco Company (COCO) Q2 2026

Management View

  • “I’m pleased to announce the acquisition of Copra Inc.” (Co-Founder, Executive Chairman & President Michael Kirban) and “we estimate that this super premium cold segment represents approximately 13% of U.S. coconut water sales,” with Copra positioned as “the

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

June retail sales weaker than expected despite World Cup, Prime Day

July 16 (UPI) — U.S. retail spending was weaker than expected while tourists from around the world came to the country for the World Cup.

Retail sales rose 0.2% in June from a revised 1% in May, and up 6.7% from June 2025, the U.S. Census Bureau said Thursday. Expectations from the data firm FactSet were at 0.3%.

The World Cup and Amazon‘s Prime Day helped boost spending, but lower gas prices slowed the rise. Excluding gas sales, June spending rose 0.7% after 0.9% in May.

A measure of retail spending that removes sales of building materials and gasoline rose 0.5% in June, which is down from 0.8% in May, but slightly higher than the expected 0.4% increase, CNN reported. It shows consumer demand continued steadily in June.

Strong economic growth along with rising inflation means that the Federal Reserve is less likely to lower interest rates. For the Fed to cut rates, inflation would need to slow to toward the 2% annual target or signs of a slowing economy, CNN said.

“Despite challenges, consumers are still spending and the labor market shows no signs of cracking,” Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, wrote Thursday.

“This type of data won’t move the Fed’s needle either way, but it underscores the ongoing resilience of the U.S. economy.”

Another economist said the second half of the year’s economy could slow even more.

“A renewed slowdown in spending, however, beckons over the second half of this year,” Oliver Allen, senior economist at Pantheon Macroeconomics, wrote in an analyst note Thursday.

“The lift to cashflow from tax refunds now has faded, leaving consumers far more exposed to the real income shock from the jump in gas prices.”

Source link

Abbott signals $5.45-$5.60 2026 EPS outlook while targeting 6.5%-7.5% comparable sales growth (NYSE:ABT)

Earnings Call Insights: Abbott Laboratories (ABT) Q2 2026

Management View

  • “Today, we issued second quarter results that included sales growth of 4.8%… and adjusted earnings per share of $1.31” (Executive Chairman, President & CEO Robert Ford), adding Abbott is “reaffirming our full year guidance for comparable sales growth of

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

TSMC’s June sales drive revenue surge of 68% ahead of earnings report

Published on

TSMC said on Monday that June revenue rose 67.9% year on year to NT$398.27 billion (€10.8bn), bringing the first-half of the year revenue to NT$2.4 trillion (€65.4bn), a 35.6% increase from the same period in 2025.


ADVERTISEMENT


ADVERTISEMENT

Based on the company’s monthly revenue disclosures, second-quarter revenue amounted to roughly NT$1.27 trillion, ahead of the NT$1.264 trillion (€34.4bn) consensus forecast from 20 analysts surveyed by LSEG.

Monday’s release covers June revenue and cumulative first-half sales only.

TSMC will publish its full second-quarter earnings on Thursday, including net profit, gross margin, operating margin and updated financial guidance.

The road ahead

At its April earnings presentation, TSMC said it expects full-year 2026 revenue to grow by more than 30% in US dollar terms and projected capital expenditure of between $52 billion (€45.5bn) and $56 billion (€49bn) as it expands manufacturing capacity to meet AI-driven demand.

New fabrication plants are under construction or in preparation in Arizona, Japan and Germany, reflecting both the scale of customer demand and government efforts to strengthen domestic semiconductor manufacturing.

Shares in TSMC rose about 1% following Monday’s revenue update.

Investors will now turn their attention to Thursday’s full earnings report for updates on profitability, margins, full-year guidance and the rollout of the company’s two-nanometre manufacturing technology, which is already attracting strong customer interest.

The AI engine

The company sits at the centre of one of the largest investment cycles in the semiconductor industry’s history.

Many of the world’s leading AI processors, including Nvidia’s GPUs and much of the custom AI silicon designed by Amazon, Google and Microsoft, are manufactured by TSMC in Taiwan.

At the company’s April earnings presentation, CEO Che-Chia Wei described AI demand as “extremely robust”, driven by the shift from chatbots that answer questions to agentic AI systems capable of taking actions.

That transition requires significantly greater computing power, increasing demand for the advanced chips TSMC manufactures.

Advanced technologies, defined as chips produced using process technologies of seven nanometres or smaller, accounted for 74% of wafer revenue in the first quarter.

TSMC’s three-nanometre technology alone contributed 25% of wafer revenue.

Reports have indicated that Nvidia has reserved roughly 60% of TSMC’s advanced chip-packaging capacity for 2026, highlighting continued supply constraints across the AI semiconductor market.

Source link

The UK theme parks and attractions with HUGE sales on this summer

YOU don’t need to empty your pockets to visit big-name theme parks and resorts this summer.

Especially not when these major UK attractions are offering free extra return tickets and 89p admission for kids.

Take a trip to Legoland Windsor Resort this summer and claim a FREE ticket to come back again
Collage of travel items including a plane, sunscreen, passport, suitcase, and plane tickets, advertising The Sun's travel Instagram account.

We’ve rounded up the very best offers at popular resorts like Alton Towers, Chessington, Legoland and Butlin’s that you can book this school summer holidays.

From half-price entry offers to kids tickets for less than £1, here are the ultimate theme park bargains for summer 2026.

Legoland Windsor Resort

Legoland are running a summer promotion that lets you unlock an extra day of theme park fun for the price of a single ticket.

There is an absolute mountain of things to do at this resort to keep both little ones thrill-seekers happy all day long.

Read more on family days out

FIT FOR A KING

Medieval UK castle is turned into a ‘flagship’ £15MILLION tourist attraction


TIME TO GO

I went to the new historical live-action theme park in the UK with NO rides

Tackle the park’s 55 rides and live shows, marvel at the Lego models in Miniland, or let the kids’ imaginations run wild in the brick-building zones.

While trying to cram the entire resort into a single day can feel like a mad rush, knowing you can return means you can relax and take in the park at your own pace.

The best part about this offer is that the free ticket you unlock doesn’t have to be used only at Legoland.

You can also redeem your free ticket for a trip to Chessington World of Adventures, Alton Towers or Thorpe Park instead.

Book your tickets to Legoland Windsor Resort from £29.75pp + claim an extra FREE return ticket

Gulliver’s Theme Parks

Wowcher are offering tickets to Gulliver’s Theme Parks this summer for £12.50 Credit: Gulliver’s

Save a massive 48% off a trip to a Gulliver’s Theme Park this summer at any of their four theme parks: Milton Keynes, Rother Valley, Matlock Bath, or Warrington.

With this Wowcher deal families can bag a ticket for £12.50 each, nearly halving the cost of buying a ticket direct for £25.

Whether you want to conquer the dizzying Gyrosaur, board the Rocky Ridge Railway, or meet live animals at the farm park, there’s plenty to do across all locations.

Throw in completely free parking and free entry for toddlers under 90cm, and you’ve got an affordable school holiday treat for the family.

Book your tickets to Gulliver’s Theme Parks for £12.50pp

Alton Towers Resort

Visit Alton Towers then claim a free ticket to return – or use it at Chessington, Legoland and more Credit: Supplied

Alton Towers is slashing the cost of a visit this school summer holidays with two theme park visits for the price of one.

The sprawling theme park is packed with world-class, white-knuckle rollercoasters for adrenaline junkies, alongside family-friendly rides like the new Bluey kids coaster.

There’s also exciting events this summer, such as the Minecraft Meet the Mobs from July 18 – August 28 plus the Bluey live experience with meet and greet, running throughout the summer.

To get the offer, make sure to claim the deal before July 27 and save your ticket and barcode from your first visit. Then you can claim yourself another visit to Alton Towers, or a free trip to Legoland, Chessington or Thorpe Park.

Book your tickets to Alton Towers resort from £29.75 + claim an extra FREE return ticket

Flamingo Land

Head to Flamingo Land in North Yorkshire with discounted tickets from £29 this summer Credit: Alamy

Families heading to North Yorkshire this summer can slash up to 50% off their day out at Flamingo Land Resort thanks to a Wowcher deal.

Here you’ll find hair-raising rollercoasters like the 10-inversion Sik Coaster and the lightning-fast Velocity motorbike ride, which launches from 0-60mph in 2.8 seconds.

Smaller thrill-seekers in tow can explore the Peter Rabbit Adventure, brave the river rapids, or take a quick break from the rides to stroll the zoo.

Tickets can be used on any date until November and start at £29pp, plus there are extra discounts available if you purchase multiple tickets. For example, if you book for a group of six you will save an extra £18 on top of the deal, while groups of four can save an extra £19.

Book your tickets to Flamingo Land from £29pp

Chessington World of Adventures

You could visit World of Paw Patrol on your trip to Chessington World of Adventure Credit: PA

Score two visits for the price of one on your next trip to Chessington World of Adventures.

Visitors can test their nerve by hurtling backwards on the terrifying Mandrill Mayhem in the World of Jumanji, or fly through the treetops on the popular Vampire coaster.

You could even tick off the World of Paw Patrol, a colourful themed land new for 2026 with gentle rides such as Chase’s Mountain Mission.

To claim the deal, buy a ticket online before July 27 to snap up a free return ticket that is valid for visits until September 25. As part of a combined summer promotion, you could also use your tickets at Thorpe Park, Alton Towers, or Legoland Windsor instead.

Book your tickets to Chessington World of Adventures from £29.75 + claim an extra FREE return ticket

Butlin’s

Bag a last-minute kids day ticket to Butlin’s this July for 89p – or enjoy 15% off in the summer hols Credit: butlins

Kids can bag a day visit to Butlin’s for 85p when visiting with a full-paying adult this summer, plus under 2’s go free.

This means that for one adult and one child, your entire family day out would cost a total of £19.85.

A day pass drops you straight into the action with unlimited turns on the traditional fairground rides and access to massive outdoor play areas.

You can also pack your swimsuits and tackle the flumes and wave pools at the subtropical Splash Waterworld, before catching a live daytime stage show starring the kids’ favourite characters.

Available across their Bognor Regis, Minehead, and Skegness resorts, it’s a ridiculously cheap way to enjoy a fun-filled family day out.

Make sure to get in quick, because this offer is only available until July 16. However, from then, day tickets during the school summer holidays will be discounted by 15%.

Book your day tickets to Butlin’s – with kids tickets from 89p

*Prices correct at the time of publication. Terms and conditions apply.



Source link

WD-40 outlines FY 2026 reported net sales of $675M-$690M while shifting homecare brands to “held for use” (NASDAQ:WDFC)

Earnings Call Insights: WD-40 Company (WDFC) Q3 fiscal 2026

Management View

  • “Third quarter consolidated net sales increased 24% year-over-year to $195.1 million,” said CEO Steven Brass, adding that maintenance products “represented 97% of total net sales” and “exceed[ed] our long-term growth expectations and setting a new record for the

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Paris bans public drinking, takeout alcohol sales amid deadly heat wave

A young man dives from a bridge over the Saint-Martin Canal in Paris on Thursday amid a searing heat wave that prompted authorites in the capital to impose restrictions on drinking alcohol in public and takeout sales for the second time in five days. Photo by Yoan Valet/EPA

June 26 (UPI) — Authorities in Paris implemented restrictions on drinking in public and takeout alcohol sales on Friday for the second time in five days, amid one of the most severe June heat waves on record.

In an effort to reduce stress on the capital’s hospitals, public consumption of alcohol will be banned from noon through 7 a.m. Saturday, local time, and from noon on Saturday through 7 a.m. on Sunday, and can only be sold in bars and restaurants between 6 p.m. and 7 a.m on both days.

Prime Minister Sebastien Lecornu said the health alert level was being raised to its highest, to boost hospital staffing and protect the vulnerable while Paris police chief Patrice Faure said the the capacity of hospitals to cope was “reaching a saturation point.”

“As you know, drinking alcohol with the sun beating down can have a devastating effect,” said Faure.

The bans coincided with a France-Norway game at the FIFA World Cup in Boston, due to kick off in the early hours of Saturday, local time.

Paris Pride, which was due to run Thursday through Sunday, was moved to September, and the Solidays music festival, scheduled to be held over the same period, was canceled because police felt going ahead with either amid the searing temperatures posed a major public health risk.

On Thursday, a three-year-old child died in a hot car in Saint-Gratien in the northern Paris suburbs.

As Paris baked in record temperatures that peaked at 40.9 degrees Celsius earlier in the week, Health Minister Stephanie Rist warned the health impacts of the heat were not restricted to the elderly, infants and other vulnerable groups.

“Even if you are young and in good health with no underlying medical issues, this heat will affect you too. Young people are also suffering from cardiac arrests,” she said, explaining that the Paris ambulance responded to a four-fold jump in cardiac arrests, compared with normal, during a 24-hour period.

Paris mayor Emmanuel Gregoire said the mortality rate was on the increase and urged people, especially the young, to suspend normal physical activity such as jogging.

“We must not believe we are invulnerable. It’s fine to take a couple of days off from exercising,” he said.

Troops in landing craft approach Omaha Beach on D-Day in Normandy, France, on June 6, 1944. D-Day was the largest seaborne invasion in history and turned the tide of World War II. Photo by UPI | License Photo

Source link

MillerKnoll projects $3.93B-$4.13B in fiscal 2027 net sales as it plans 9-11 Herman Miller store openings (NASDAQ:MLKN)

Earnings Call Insights: MillerKnoll, Inc. (MLKN) Q4 fiscal 2026

Management View

  • “I am honored to step into this role” and “our financial performance is not where we want it to be,” said Chief Operating Officer and incoming Interim CEO Jeff Stutz, adding that fiscal

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Trump renews push for year-round E15 gasoline sales across U.S. (ADM:NYSE)

Corn Made Biofuel

matt_benoit/iStock via Getty Images

The Trump administration asked Congress on Wednesday to pass a law allowing year-round sales of gasoline blended with 15% ethanol, marking the first formal push ​by his White House to enact the policy and siding with the biofuels industry against

Source link