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Economy

“Chevron annual profit doubles to record $36.5 billion, but fourth-quarter miss hits shares”

“Chevron on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second-largest U.S. oil producer’s… Continue Reading…

Business

“Tesla Stock Is Headed for Its Biggest-Ever Annual Decline”

“Tesla Inc. TSLA -0.03%decrease; red down pointing triangle is poised Friday to close the worst year in the stock’s history, having lost more than $700 billion in market valuation amid investor concerns about production disruptions, demand worries and Chief Executive Elon Musk’s focus on Twitter… Continue Reading…

Economy

“Wholesale prices rose 10.8% in May, near a record annual pace”

“…The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling… Continue Reading…

Economy

“Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983”

“…The core personal consumption expenditures price index, the Federal Reserve’s primary inflation gauge, rose 5.2% from a year ago, slightly more than the 5.1% Dow Jones estimate. It was the highest level since April 1983. Including food and energy prices,… Continue Reading…

Business

“Taco Bell accelerates international growth as chain aims for $20 billion in annual sales”

“Taco Bell is accelerating its growth outside the U.S., opening 25% of its international restaurants in just the last two years. The Yum Brands chain announced Tuesday that it opened its 100th restaurant in Spain. The chain said it’s on track to… Continue Reading…

Economy

“Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982”

“…The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday. That compared with Dow Jones estimates of 7.2% for the closely watched… Continue Reading…

Economy

“Coronavirus pushes annual deficit forecasts toward $4 trillion”

“Independent forecasters now expect this year’s budget deficit to nearly quadruple the pre-coronavirus estimate, reaching nearly $4 trillion. That amount of red ink in a single fiscal year would dwarf the deficit peak of $1.4 trillion during the Great Recession… Continue Reading…

Stocks

“Actinium Pharmaceuticals to Present at the Sachs 19th Annual Biotech in Europe Forum for Global Partnering & Investment”

“Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) (“Actinium”) today announced that it will present at the Sachs 19th Annual Biotech in Europe Forum for Global Partnering & Investment. The forum is being held at the Congress Center Basel in Basel, Switzerland on September 25-26, 2019.… Continue Reading…