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Business

“Exxon profit drops 28%, falls short of estimates”

” Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains… Profit per share fell 6% shy of Wall Street analysts’ consensus,… Continue Reading…

Stocks

“Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings”

“…The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump… Such concerns have driven the stock down nearly 43%… Continue Reading…

Stocks

“Boeing Stock Has Fallen 10 Straight Days. Where It’s Headed Next.”

“Boeing stock continues to be weak for a litany of reasons. Boeing stock has been under pressure all year following an emergency door plug blowout on a 737 MAX 9 jet operated by Alaska Air Group on Jan 5. The… Continue Reading…

Business, Economy, Energy

“Volkswagen electric car sales plunge as Europe returns to petrol”

“Sales of Volkswagen electric cars have plunged by almost a quarter in Europe as demand for battery-powered vehicles stalls and buyers return to petrol… Globally, all-electric sales at the owner of Audi, Skoda and Porsche dropped by 3pc to 136,400, while… Continue Reading…

Business, Stocks

“Tesla shares fall after deliveries drop 8.5% from a year ago”

“Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production… Continue Reading…

Stocks

“Dow closes 300 points lower Friday, but notches best week since December…”

“UPDATED FRI, MAR 22 2024 4:34 PM EDT… All three major averages notched healthy gains this week, with the S&P 500 rising about 2.3%. The Dow was up just shy of 2% for its best week since December. The Nasdaq is the outperformer… Continue Reading…

Stocks

“Adobe shares drop nearly 14% on weak quarterly revenue guidance”

“Adobe shares closed down nearly 14% on Friday after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. The move marked the stock’s steepest decline since Sept. 15, 2022, when shares closed down 16.8%… For the current… Continue Reading…

Business, Stocks

“HelloFresh shares dive 42% after meal kit giant warns on outlook”

“… …” https://www.cnbc.com/2024/03/08/hellofresh-shares-dive-42percent-after-meal-kit-giant-warns-on-outlook.html

Business

“Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges”

“BEIJING (Reuters) -Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant’s chief… Continue Reading…

Business

“Big Lots Stock Falls 31%. The Outlook Is ‘Very Concerning,’ Analyst Says.”

“Big Lots stock was sinking Monday as a Loop Capital Markets analyst downgraded shares of the discount furniture retailer following a Bloomberg report that it is seeking new financing options…” https://www.barrons.com/articles/big-lots-stock-downgrade-analyst-196a3ce9?siteid=yhoof2