Articles by James Calloway
PECO Proposes Major Rate Increases for 2027, Seeks $510M for Infrastructure
PECO has requested regulatory approval for significant delivery rate increases that would raise residential electricity bills by 12.5% and suburban gas bills by 11.4% beginning in 2027. The utility seeks $510 million for infrastructure improvements.
Nike Plunges to Decade Low on China Revenue Warning, Turnaround Timeline Extends
Nike shares tumbled over 15% to their lowest close in more than ten years after the company projected a steep 20% revenue decline in China and an overall sales drop for the current quarter, missing analyst expectations.
KeyBank Security Under Scrutiny Amid Ohio Robbery and Check Fraud Prevention
KeyBank's fraud controls are in focus following a robbery at an Ohio branch and a separate $5,000 check scam thwarted by its Positive Pay system, with KeyCorp set to report quarterly results.
Massachusetts City Moves to Ban Crypto ATMs Amid Fraud Crackdown
Haverhill, Massachusetts is advancing a ban on cryptocurrency ATMs, requiring removal within 60 days or daily fines. The move follows a unanimous council vote and growing fraud concerns.
Intel Q1 Earnings Preview: AI Demand and 18A Yields in Spotlight
Intel is scheduled to release its first-quarter 2026 financial results on April 23, after the market closes. The chipmaker's performance will be scrutinized for updates on server supply constraints, advanced manufacturing yields, and its competitive positioning in AI.
RH Shares Plunge on Q4 Miss, Dim Q1 Forecast
RH shares fell sharply in extended trading after the company reported fourth-quarter revenue and earnings below Wall Street expectations and issued a weak first-quarter sales outlook.
Nike Posts Mixed Q3, Beats Sales Forecasts Amid China and Margin Pressures
Nike reported third-quarter revenue of $11.28 billion, matching year-ago levels and exceeding analyst forecasts, though net income dropped 35% to $520 million. The company continues to face headwinds in Greater China and from higher tariffs.
Michigan Regulators Approve $276M Consumers Energy Rate Increase
Michigan regulators have granted Consumers Energy a $276.6 million annual rate increase, raising typical residential bills by $6.46 per month starting May 1. The decision funds grid upgrades but drew criticism from the state's attorney general.
Atmos Energy Secures $3 Billion Credit Extension Amid Safety Probe
Atmos Energy has extended $3 billion in credit facilities to 2029 and 2031, reinforcing liquidity while navigating a safety investigation and upholding its $4.2 billion fiscal 2026 capital expenditure target.
Snap Shares Recover Amid EU Digital Services Act Investigation
Snap Inc shares gained 2.5% on Monday, recovering slightly from last week's decline triggered by an EU investigation into child-safety practices. The company faces global regulatory pressure as it pursues subscription revenue growth.
New Hampshire Senate Passes Crypto ATM Fraud Bill Amid Rising Senior Losses
The New Hampshire Senate approved legislation mandating cryptocurrency ATM operators to reimburse fraud victims who report within 14 days, as nationwide losses surpassed $65 million in the first half of 2024.