Rockwell Automation's stock is plummeting due to ongoing supply chain challenges and subdued demand, leading to a 15% drop in share value after the company reported disappointing results and reduced its guidance. The company's earnings and margins were impacted by lingering supply chain disruptions, prompting a lowered outlook for diluted earnings per share. While Rockwell Automation is positioned for long-term growth, investors should be prepared for slow progress in the near future, as the timing of its expansion hinges on the industrial sector's economic sentiment.
The United States, Japan, and the Republic of Korea (ROK) have issued a joint statement condemning the transfer of military equipment and munitions from North Korea (DPRK) to Russia for use against Ukraine. They confirm that several weapons deliveries have already taken place, which will escalate the human toll of Russia's aggression. The three countries pledge to work with the international community to expose Russia's attempts to acquire military equipment from the DPRK and express concern about potential transfers of nuclear or ballistic missile-related technology to the DPRK. They call on both the DPRK and Russia to abide by UN Security Council resolutions and cease all activities that violate them.
