Day: October 25, 2022

Oct 25
Sherwin-Williams stock rallies more than 4% after profit and sales beats, amid raised prices and improved margins

Shares of Sherwin-Williams Co. SHW, +4.95% ran up 4.5% in premarket trading Tuesday, after the paint and coatings company reported third-quarter profit and record sales that comfortably beat expectations, boosted by price increases and improved margins. Net income rose to $685.1 million, or $2.62 a share, from $502.2 million, or $1.88 a share, in the […]

Oct 25
British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub

In an exclusive interview with Cointelegraph, U.K. Member of Parliament Lisa Cameron said there is a “vision” that the U.K. will become an international hub of crypto and digital assets. 1414 Total views 10 Total shares The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin […]

Oct 25
Truck maker Paccar stock rallies more than 2% after profit doubled to a record, beating expectations

Shares of Paccar Inc. PCAR, -0.26% rallied 2.3% toward a two-month high in premarket trading Tuesday, after the truck maker reported record third-quarter profit that doubled and revenue that climbed above expectations, as “strong” used truck prices helped provide a boost. Net income rose to $769.4 million, or $2.21 a share, from $380.5 million, or […]

Oct 25
Corning stock falls after earnings outlook comes up short

Shares of Corning Inc. GLW, -4.33% were off more than 5% in premarket trading Tuesday after the manufacturer of glass products delivered a lower-than-expected outlook for the current period as it waits to forecast a significant recovery in demand for glass. The company recorded third-quarter net income of $208 million, or 24 cents a share, […]

Oct 25
Canopy to fast-track entry into U.S. market

Canopy Growth Corp. ‘s U.S.-listed shares CGC, +12.88% WEED, -2.78% rose 3.9% in premarket trades on Tuesday after the Canadian cannabis company announced a plan to consolidate its U.S. cannabis assets into a new holding company called Canopy USA. The holding company has an exchangeable share structure that is designed to trigger full ownership of […]

Oct 25
Kleenex parent Kimberly-Clark profit falls more than expected while revenue beat, as selling prices increased 9%

Shares of Kimberly-Clark Corp. KMB, -0.94% tacked on 0.6% in premarket trading Tuesday, after the consumer products company, with brands including Kleenex, Pull-Ups, Kotex and Huggies, reported third-quarter profit that fell short of expectations but revenue that beat, helped by a 9% increase in selling prices. Net income eased to $467 million, or $1.38 a […]

Oct 25
Biogen beats revenue expectations in the third quarter

Biogen’s BIIB, -1.70% stock was up 0.7% in premarket trading on Tuesday after it beat expectations for earnings and revenue in the third quarter of the year. The company had earnings of $1.1 billion, or $7.84 per share, in the third quarter of 2022, compared with $2.5 billion, or $2.22 per share, in the same […]

Oct 25
Nio stock bounces, after suffering biggest selloff in more than 2 years

Shares of Nio Inc. NIO, +2.64% bounced 1.5% in premarket trading Tuesday, after suffering in the previous session the worst selloff since March 2020 in the wake of China President Xi Jinping’s moves to consolidate power. The China-based electric vehicle maker’s stock had tumbled 15.7% on Monday, to the first close below the $10 mark […]

Oct 25
WhatsApp down again? Google Trends spike after the outage

Some two billion WhatsApp users were left without service on Oct. 25 as the biggest messaging application worldwide went offline. Meta, the owner of Facebook and WhatsApp, is yet to clarify what led to the outage. Users took to social media platforms like Twitter to share hilarious memes about the outage, with many flocking to […]

Oct 25
Is Forex Trading Halal or Haram?

Is Forex Trading Halal or Haram? Forex trading can be both halal and haram depending on the intentions and actions of individual investors. Trading with the right strategy and on Islamic account is halal but trading with a regular interest and no system, it is considered gambling and haram. Forex trading halal is exchanging currencies […]