Price War Hits to China Corporate Profits Confirm Investor Fears
Shares of JD.com slid as much as 4.5% in Hong Kong after the online retailer reported quarterly profit halved from a year ago. Electric-vehicle maker Geely's stock tumbled nearly 6% on a drop in net income before erasing the loss. Respective rivals fell in sympathy, and the Hang Seng China Enterprises Index sank 1.5%.
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4 minutes ago
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Flowers Foods Trims Annual Outlook As Bread Demand Softens
Flowers Foods, Inc. (NYSE:FLO) shares are trading lower on Friday. The company reported a second-quarter adjusted earnings per share of 30 cents, which is in line with the analyst consensus estimate. Quarterly sales of $1.242 billion (+1.5% year over year) missed the Street view of $1.266 billion. 'Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category,' said Ryals McMullian, chairman and CEO of Flowers decreased 1.2% in the quarter under review, while volume declined 2.4%. Net income decreased 12.8% to $58.4 million, representing 4.7% of sales, an 80-basis point decrease, primarily due to greater outside purchases, increased workforce-related costs, and higher interest expense. Adjusted net income decreased 16% to $63.4 million. View more earnings on FLO Adjusted EBITDA decreased 4% to $137.7 million. Adjusted EBITDA margin was 11.1% of net sales, down 60 basis points. 'We are proactively working to mitigate this weakness with disciplined cost savings efforts,' the CEO added. Simple Mills contributed $61.4 million in net sales, with a net loss of $2.1 million. The company exited the quarter with cash and equivalents worth $11.045 million. Long-term debt as of quarter-end expanded to $1.749 billion, compared with $1.021 billion as of December 28, 2024. Outlook Flowers Foods cut its FY2025 adjusted EPS forecast to $1.00–$1.10, down from its prior view of $1.05–$1.15. The revised outlook compares with the consensus estimate of $1.09. The company also lowered its FY2025 sales guidance to a range of $5.021 billion–$5.083 billion from $5.079 billion–$5.170 billion. This new sales forecast falls short of the Street's expectation of $5.310 billion. Price Action: FLO shares are trading lower by 2.63% to $16.11 at last check Friday. Read Next:Photo by Kritchai7752 via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Flowers Foods Trims Annual Outlook As Bread Demand Softens originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
4 minutes ago
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Why Trump might push for a US gov't. stake in Intel
Intel (INTC) stock is popping following reports that the US government is considering taking a stake in the legacy chipmaker after Trump's meeting with Intel CEO Lip-Bu Tan. Slatestone Wealth chief market strategist and host of Yahoo Finance's Trader Talk, Kenny Polcari, and Yahoo Finance Senior Reporter Allie Canal join Opening Bid to take a closer look at what the reported government partnership could mean for the US, Intel, and the evolving chip landscape. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. All right, let's fire up, uh, my stock of the day. The Trump administration is reportedly in talks with Intel to have the US government take a stake. Uh, Intel declined to comment specifically on this to me, but they did say this, uh, quote, Intel's deeply committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership. Uh, the questions here are many though. One, why would the administration even want to stake in an Intel that is scary behind chief rivals Nvidia and AMD? President Trump has interacted a lot with Nvidia CEO Jensen Huang and has got a taste as to what it means to be a leader in semiconductors. Two, why would Intel want to get in bed with the government at a time in which CEO Lipu Tang and the board must act quickly to reorganize the company. I find it hard to believe the government will be a quiet minority shareholder. There's a lot of stake here, as Intel is and should be a beacon of US chip making, not the punching bag it has become. The company's financials have taken a major hit with sales down for more than three straight years and earnings evaporating in the process. A lot going on there. Still with me, my round table, Kenny, Paul Kerry, uh, Slate Stone Wealth chief market strategist, David Seif, Nomora chief economist, and Yahoo Finance reporter, senior reporter, Allie Canal. Kenny, I want to go over to you. Um, any interest in going long in Intel on news like this, uh, even in the, uh, keeping the back of your mind, or maybe just putting the front of your mind that this is a fundamentally, uh, just wrong company. I mean, nothing's going right for them. Uh, uh, agree. So Intel's not a name that I've ever owned, uh, and we don't own it here. But look, I it's certainly has a pop because of the news. But is the pop temporary? I'm not even sure. And I agree with you. Why would you want to get, why would the government want to now be partners with Intel? Why would Intel want to be partners with the government? And what does that say about future opportunities? Is the government now going to start this Trump going to start the stick his hand in other companies? Kenny, it's like the auto bailout. I mean, it reminds me of when they took a stake in GM, what, 15, 20 years ago. 100%. And so I'm a little bit I'm a little bit confused about that. But Intel's not a name that I ever owned at all. I think there's other places to put your money in the space. But so this news does nothing in terms of getting me excited about, oh, I got to jump on this Intel bandwagon. I do not. David, does the, does it benefit, um, the US economy to have a healthy Intel? Or at this point, the semiconductor industry led by Nvidia, AMD, and of course, Taiwan semiconductor, they have just passed this company by, and our economy can go chugging along relying on chips from these three companies. Yeah, I mean, you know, I don't have much to say about individual companies, but certainly, um, you know, the US has a multi-century track record of doing well by sort of not sticking its nose into things and allowing, allowing the private market to go where it may. Um, to the extent that Intel has been lagging behind, uh, it it may be the best thing for the economy to simply allow it to, uh, continue to either wither or sink or swim, so to speak, um, and allow the current leaders to continue to lead and only lose their lead if they actually get out competed. Uh, Allie, uh, we're just about almost two weeks away from that Nvidia earnings report. And it will look starkly different to what Intel put up a few weeks ago. And it's night and day. I mean, these are, these companies both might be making computer chips, but they couldn't be more different. Couldn't be more different. And Intel, I just feel like it's too late for the company to really catch up to AMD, to Nvidia. Of course, for the Trump administration, they're viewing this as an issue of national security, that they really want to make sure that Intel can survive through this volatile time. We did have the that CEO meeting with President Trump, and really we've seen that across the board of big tech, right? Apple CEO, Tim Cook, met with Trump recently. And then out of that meeting was a $100 billion investment in the US. So that is President Trump's goal. He wants to bring manufacturing production, all the things, including all the chip makers back onto the domestic soil. But they also have other types of agreements that they're rolling out that are very unique and really unprecedented. One of those being that revenue share agreement with Nvidia and AMD. They're letting them sell some of their chips to China for a kickback, for some of the revenue to the federal government. So there's just a lot of moving parts and moving pieces to this. It's still an unconfirmed report. Intel did say that they are looking forward to working with the government, but they didn't confirm whether or not this was actually happening. So it feels like the US is just going to continue to be involved in some of these companies, at least throughout the term of Trump's presidency. What ultimately comes from that and the legacy that leads and how it really changes what we view the the chip supply chain as at this current moment, that remains to be seen. Related Videos How Trump's meeting with Putin impacts investors Buffett's Berkshire Hathaway sold Apple shares. Should you? Intel Soars as Trump Considers US Stake in Chipmaker 3 AI chip stocks that are best positioned right now Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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4 minutes ago
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Where are millennials buying homes? Nashville ranks among top cities for young homebuyers
Millennials are buying homes at significantly different rates depending on the metro area, according to a study by SmartAsset. In some cities, as many as 1 in 25 residents aged 25 to 44 secured a conventional mortgage in 2024 alone. In contrast, other major metros saw fewer than 1 in 100 millennial-aged residents make a home purchase last year. "This disparity can cause divergent implications for local infrastructure, politics, and business demand among different metros," SmartAsset said. "Particularly with many Millennials at the peak of their earning potential, local tax bases, housing markets, and more may also be impacted by such trends." "Observed from another angle, high rates of Millennials investing in homes in an area may indicate prosperity in the job market, paired with a friendly housing market and economy." According to mortgage data, 4.08% of millennials in the Nashville area purchased a home in 2024, making Music City a top choice for millennial home buyers. Here's a closer look at where millennials are buying homes. Nashville ranks among top 10 cities for millennial homebuyers, study shows A total of 25,512 conventional mortgages were issued in 2024 the Music City area, with a median interest rate of 6.63%. Among millennial homebuyers, the median property value was $455,000, while the median income stood at $123,000, reported SmartAsset. The total population of the area was 2,104,235, with 624,627 residents aged 25 to 44, representing 29.68% of the population. Where are millennials buying the most homes? Raleigh, North Carolina leads the nation in millennial homebuying, with 4.5% of Raleigh-Cary residents aged 25-44 purchasing homes with conventional mortgages in 2024, the highest share among all metro areas studied. The Raleigh-Cary metro area was followed by Indianapolis-Carmel-Greenwood at No. 2, Charlotte-Concord-Gastonia at No. 3, and the Nashville Metropolitan area at No. 4. Rounding out the top five was the Cincinnati metro area. Methodology To find where millennials are purchasing homes at the fastest rates, SmartAsset analyzed 2024 Home Mortgage Disclosure Act data. The study focused on originated mortgages for people aged 25 to 44, comparing them to the size of the local population in the same age group based on 2023 U.S. Census Bureau estimates. The study also considered the median income of new millennial homeowners and the value of the properties they purchased. Diana Leyva covers trending news and service journalism for the Tennessean. Contact her at Dleyva@ or follow her on X at @_leyvadiana This article originally appeared on Nashville Tennessean: Which city ranks among the top places millennials are buying homes?
