Text size Chinese Foreign Ministry spokesman Wang Wenbin talks about the order to close the United States consulate in Chengdu. fake pictures Global stocks fell on Friday as political events swept away a wave of negativity in the markets. The Dow Jones Industrial Average fell 126 points, or 0.5%. The …
Read More »Honeywell Shares Recover After Profits, Sales Drop Less Than Expected
Shares of Honeywell International Inc. HON, -1.06% It recovered 1.4% in pre-market trading on Friday, after the diversified industrial company reported second-quarter profit and sales that fell, but exceeded expectations. The company said it expects the sales challenges resulting from the COVID-19 pandemic to continue, particularly in the aerospace and …
Read More »Honeywell Beat Earnings. What their numbers mean for the industrial economy.
Text size Brendan Smialowski / AFP via Getty Images Honeywell’s earnings, reported Friday morning, beat Wall Street estimates for the pandemic-hit second quarter. That’s good news for Honeywell, but the company is a huge and distant industrial conglomerate. Your earnings are a useful read for many companies in many industries. …
Read More »Nikola starts working at the Arizona factory
Text size Courtesy of Nikola. Nikola has begun construction of a manufacturing plant in Arizona, an important step in commissioning as it seeks to disrupt the heavy truck market. Trevor Milton, founder of Nikola, pursues that goal with two main products: battery-powered or hydrogen fuel cell trucks, . Both will …
Read More »Dow stocks fall after better-than-expected results, but also job cuts
This replaces a previous item that incorrectly reported loss compared to expectations. It has been corrected and the price movements have been updated. Dow Inc. DOW Shares, -4.28% It fell 4.7% in Thursday morning operations, after the materials science company slowed to a narrower-than-expected loss and reported revenue that fell …
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