Wednesday, 26 Jun 2024

Watch: ECB President Mario Draghi speaks following policy decision

Chrissy Teigen, John Legend Give Trump New Nickname After Twitter Attack

President Donald Trump earned an unflattering nickname in his war of words with celebrity couple John Legend and Chrissy Teigen on Twitter.

It all started with Legend’s appearance with Lester Holt for a town hall on MSNBC to discuss the country’s criminal justice system.

After the show, Trump said, “musician @johnlegend, and his filthy mouthed wife, are talking now about how great it is – but I didn’t see them around when we needed help getting it passed,” referring to Criminal Justice Reform.

He also complained that MSNBC failed to give him and the Republican Party enough credit for passing the First Step Act.

Teigen retorted by calling Trump “the pussy ass bitch president.” “Tagged everyone but me. an honor, mister president,” she added.

Twitter users were unable to get the NSFW nickname trending and instead shorted it to #PresidentPAB.

(Photo: Luke Harold)

Kroger stock rises after earnings beat

Kroger Co. KR, -0.97% stock rose 2.1% after the grocer reported second-quarter earnings that beat expectations. Net income totaled $297 million, or 37 cents per share, down from $508 million, or 62 cents per share, last year. Adjusted EPS of 44 cents beat the FactSet consensus for 41 cents. Sales of $28.17 billion were up from $28.01 billion but just below the FactSet guidance for $28.37 billion. Digital sales rose 31%. Same-store sales without fuel were up 2.2%, beating the 1.9% growth FactSet forecast. Kroger maintained its 2019 guidance for same-store sales growth of 2.0% to 2.25%, EPS of $2.30 to $2.40, and adjusted EPS of $2.15 to $2.25. FactSet is guiding for same-store sales growth of 1.9% and EPS of $2.17. Kroger stock has fallen 7% in 2019 while the S&P 500 index SPX, +0.72% has rallied 19.7% for the period.

Scientists have invented an unbelievable 'reprogrammable' ink that can change color and vanish at will

  • MIT researchers have invented a “reprogrammable” ink that can change color by having light projected at it.
  • The ink is made using photochromic dye, which changes color when exposed to UV light.
  • Using 3D modelling the researchers can project designs onto various objects, which can be erased and re-designed at will.
  • Visit Business Insider’s homepage for more stories.

Researchers at MIT have invented an ink that can “reprogrammed” using a light projector.

The ink — named PhotoChromeleon — is made using photochromic dye, which changes color when exposed to UV light. The researchers mix three different colors of the dye (cyan, magenta, and yellow) with car laquer. Then they combine all three.

The resultant mixture is sprayed onto an object, a phone case or example, and then placed in front of a light projector. The researchers design patterns on 3D computer models, and project the desired pattern onto the object.

You can watch the ink in action here:

Not only can designs be projected onto the objects, they can be erased and re-designed just as easily.

The scientists give an example of how this could be useful in their paper: “in clothing, accessories could be altered to match the main outfit and textiles could be recolored for different events in the same day,” they write.

They hope to eventually combine the technology with 3D printing.

Palatin Technologies Inc. Earnings Advance In Q4

Palatin Technologies Inc. (PTN) revealed a profit for its fourth quarter that increased from the same period last year.

The company’s earnings came in at $52.2 million, or $0.23 per share. This compares with $11.8 million, or $0.06 per share, in last year’s fourth quarter.

Analysts had expected the company to earn -$0.03 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Palatin Technologies Inc. earnings at a glance:

-Earnings (Q4): $52.2 Mln. vs. $11.8 Mln. last year.
-EPS (Q4): $0.23 vs. $0.06 last year.
-Analysts Estimate: -$0.03

Kroger Co. Q2 adjusted earnings Beat Estimates

Kroger Co. (KR) revealed a profit for second quarter that dropped from the same period last year.

The company’s earnings came in at $297 million, or $0.37 per share. This compares with $508 million, or $0.62 per share, in last year’s second quarter.

Excluding items, Kroger Co. reported adjusted earnings of $357 million or $0.44 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 0.6% to $28.17 billion from $28.01 billion last year.

Kroger Co. earnings at a glance:

-Earnings (Q2): $357 Mln. vs. $336 Mln. last year.
-EPS (Q2): $0.44 vs. $0.41 last year.
-Analysts Estimate: $0.41
-Revenue (Q2): $28.17 Bln vs. $28.01 Bln last year.

-Guidance:
Full year EPS guidance: $2.15 – $2.25

Watch: ECB President Mario Draghi speaks following policy decision

[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.]

European Central Bank President Mario Draghi speaks at a press conference following the bank's monetary policy decision on Thursday.

The bank announced a massive new bond-buying program in a bid to stimulate the ailing euro zone economy. The central bank's quantitative easing program will entail 20 billion euros ($21.9 billion) per month of net asset purchases for as long as it deems necessary.

Subscribe to CNBC on YouTube.

Related Posts