Brad Smith
Brad Smith is the President and Vice Chair of Microsoft. He has a background in law and public policy, having served as Chief of Staff to U.S. Secretary of Defense William J. Perry and as General Counsel to the U.S. Department of Commerce under President George H.W. Bush.
87%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
88%
Examples:
- The author has a slight bias towards reporting financial news.
- The author uses the phrase 'dramatic fall from grace for Evergrande', implying that the company's actions were wrong or misguided.
Conflicts of Interest
100%
Examples:
- The author has no conflicts of interest.
Contradictions
79%
Examples:
- Airfare prices declined by 5.9% in May 2024 compared to a year prior due to added capacity and price-sensitive consumers.
- Delta expects earnings in the range of $1.70 to $2.00 for Q3 2024, below the figure reported in the same quarter last year.
- Delta reported record revenue in Q2 2024 but earnings fell below analyst expectations due to discounted airfares.
Deceptions
76%
Examples:
- Shares of Nike (NKE) continue to fall, with the stock down 21% in the last five days.
- The article implies that Evergrande's collapse could lead to a contagion effect to banks and lenders but fails to provide any evidence or data supporting this claim.
- The author claims that Evergrande's liquidation will affect investors worldwide when it only affects Chinese investors directly.
Recent Articles
Delta Air Lines Reports Record Revenue in Q2 2024, Misses Analyst Expectations Due to Discounted Fares and Intense Competition
Broke On: Thursday, 11 July 2024In Q2 2024, Delta Air Lines reported record revenue but missed analyst expectations due to discounted fares. Price-sensitive consumers impacted earnings despite strong summer travel demand. Delta's success was driven by expansion into Latin American, Caribbean, and South American markets and a new international partnership with Riyadh Air. Paramount Global and Skydance Media Reach Preliminary Merger Agreement: Potential Value of $2.4 Billion
Broke On: Wednesday, 03 July 2024Paramount Global and Skydance Media are reportedly close to a merger deal worth around $2.4 billion, combining CBS, MTV owner Paramount Global with movie studio Skydance Media. The agreement needs board approval and could face lawsuits due to Shari Redstone's influence. Negotiations have been ongoing since April and the value of some assets may decrease as talks continue. 
Nike's Sales Slump: Navigating Economic Shifts and Competition from Newcomers
Broke On: Friday, 28 June 2024Nike, the world's largest sportswear brand, reports flat sales and projects a 10% drop due to changing consumer behavior and growing competition from brands like Hoka and On. Consumers prefer comfort over traditional style in running shoes, leading to Nike's missteps in distribution strategy that alienated retailers. The company must adapt quickly to remain competitive. 
American Airlines Suffers 14% Stock Decline: New Revenue Forecast and Chief Commercial Officer Departure
Broke On: Wednesday, 29 May 2024American Airlines (AAL) experienced a 14% stock decline due to reduced revenue forecast and the departure of Chief Commercial Officer Vasu Raja. The airline now predicts a 5-6% decrease in Q2 revenue per available seat mile, with earnings per share expected to be $1-$1.15. Raja's exit follows strategic bets on cutting long haul routes, which may have negatively impacted performance. Industry challenges like excess capacity and price sensitivity during off-peak seasons are also affecting profitability. 
Existing Home Sales Decline 1.9% in April Amidst Rising Mortgage Rates and Limited Inventory: Prices Reach Record High of $407,600
Broke On: Wednesday, 22 May 2024Existing home sales dropped 1.9% in April to a seasonally adjusted annual rate of 4.14 million units, despite a 9% increase in inventory and record-high median home prices of $407,600. First-time buyers made up 33% of sales, while all-cash transactions remained high at 28%. The Northeast, Midwest, South, and West regions all experienced decreases in sales but rising prices. The market is stabilizing with more inventory available but remains competitive for potential homebuyers. Nvidia's Q1 Earnings and Reddit-OpenAI Partnership: $200 Billion Data Center Revenue and Enhanced Content for ChatGPT
Broke On: Friday, 17 May 2024Nvidia, a tech giant known for GPUs, reports Q1 earnings on May 22 with strong revenue growth expected from its data center business. The stock has already surged 90% this year. Reddit partners with OpenAI to enhance ChatGPT and diversify revenue streams. 
China Evergrande's Liquidation Sends a Strong Message to Developers and Creditors
Broke On: Tuesday, 30 January 2024China Evergrande, a real estate giant with over $300 billion in debt and 150 unfinished apartment complexes across the country, has been ordered to liquidate by a Hong Kong court. This decision sends a strong message about what other developers and creditors may face.
