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Stocks

“Stocks close lower, Dow drops nearly 500 points as supply chain concerns mount amid protests in China”

November 29, 2022

“Stocks closed lower Monday as social unrest from China’s prolonged Covid restrictions weighed on markets. The Dow Jones Industrial Average lost 497.57 points, or 1.45%, to end at 33,849.46. The S&P 500 dropped 1.54% to end at 3,963.94. The Nasdaq… Continue Reading…

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Business, Stocks

“Disney shares rise after Iger replaces Chapek as CEO”

November 21, 2022

“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…

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Stocks

“Dow Jones Surges 900 Points On Cool Inflation Data; Treasury Yields Dive”

November 10, 2022

“The Dow Jones Industrial Average briefly surged 900 points Thursday after the closely watched consumer price index, or CPI, inflation gauge came in cooler than expected. The 10-year Treasury yield dived to 3.87% Thursday after the cooler-than-expected CPI reading. Meanwhile,… Continue Reading…

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Stocks

“Carvana shares jump more than 30% from record lows”

November 10, 2022

“Shares of Carvana jumped by as much as 32% Thursday morning – representing a small, yet notable, increase after a week of significant declines for the used car retailer. The stock hit $10 a share during early trading but has given back… Continue Reading…

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Stocks

“Dow slides by 200 points at the open as control of Congress remains unclear”

November 9, 2022

“…The Dow Jones Industrial Average fell 270 points, or about 0.8%. The S&P 500 shed 0.9%, and the Nasdaq Composite slid 1.2%. Stocks are coming off three-straight days of gains into the election, where Wall Street was expecting Republicans to… Continue Reading…

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Business, Stocks

“Berkshire Hathaway’s operating earnings jump 20%, conglomerate buys back another $1 billion in stock”

November 7, 2022

“…Insurance-investment income came in at $1.408 billion, up from $1.161 billion a year earlier. Earnings from the company’s utilities and energy businesses came in at $1.585 billion, up from $1.496 billion year over year. Insurance underwriting suffered a loss of… Continue Reading…

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Stocks

“Twilio shares plunge 34% on light guidance”

November 4, 2022

“Twilio shares fell about 34% on Friday morning, a day after the cloud communications software maker announced third-quarter results that gave a soft revenue outlook. Here’s how the company did: With respect to guidance, Twilio is calling for a fourth-quarter adjusted net loss… Continue Reading…

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Energy, Stocks

“Exxon Mobil Stock Surges On Update For Strong Q3”

October 6, 2022

“Exxon Mobil (XOM) stock surged Wednesday after it signaled natural gas prices would support already strong third-quarter expectations. Despite steep growth estimates, the energy giant projects it will not match its record profits from Q2 as oil prices have retreated along… Continue Reading…

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Stocks

“Ford’s sales up 16% in third quarter, despite September decline”

October 4, 2022

“Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September. The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month, an 8.9%… Continue Reading…

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Stocks

“Stocks rally to start October and a new quarter, Dow up more than 600 points”

October 3, 2022

“…The Dow Jones Industrial Average jumped 681 points higher, or 2.3%. At one point it advanced as much as about 700 points. The S&P 500 rose 2.1%, after falling Friday to its lowest level since November 2020, and the Nasdaq… Continue Reading…

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