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Business, Economy, Stocks

“Domino’s earnings beat as pizza demand remains strong in the U.S.”

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $3.12 adjusted vs. $2.87 expected Revenue: $1.03 billion vs. $972.3 million expected The pizza chain reported fiscal second-quarter net income… Continue Reading…

Business, Stocks

“Crocs reports record revenue, raises full-year guidance amid strong demand”

“Here’s how the company did for its quarter ended June 30 compared with what analysts surveyed by Refinitiv were anticipating: Earnings per share: $2.23 adjusted vs. $1.60 expected Revenue: $640.8 million vs. $565.2 million expected During the second quarter, Croc’s… Continue Reading…

Business

“Amazon Demands One More Thing From Some Vendors: A Piece of Their Company”

“Suppliers that want to land Amazon.com Inc. as a client for their goods and services can find that its business comes with a catch: the right for Amazon to buy big stakes in their companies at potentially steep discounts to… Continue Reading…

Stocks

“Top Oil Stocks To Watch In U.S. Shale As Profits Return Amid Rising Crude Demand”

“After series of takeover deals that reshuffling some shale oil stocks, Pioneer Natural Resources (PXD) now reigns as the top producer in the Permian Basin and is boosting returns to shareholders… Exxon Mobil (XOM) is the world’s largest publicly traded oil company by… Continue Reading…

Business, Stocks

“Oil prices end higher as traders weigh latest supply update, demand prospects”

“Oil prices ended higher on Wednesday, shaking off an earlier decline, as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a bigger-than-expected climb in gasoline inventories. Once traders “looked beneath the sticker shock” of a… Continue Reading…

Business, Economy

“Boat sales took off… now dealers can’t keep up with demand”

“Boat sales skyrocketed last year… as more Americans turned to the lifestyle amid more flexible work environments that allowed people to spend extra time enjoying the outdoors. Sales of boats, marine products and services across the country leaped to a… Continue Reading…

Business

“Procter & Gamble beats estimates as sales jump 9%, raises forecast amid strong demand”

“Procter & Gamble reported on Tuesday that fiscal first-quarter revenue rose 9%, fueled by demand for its cleaning and laundry products during the coronavirus pandemic. On the heels of the strong quarter, P&G raised its sales outlook and expectations for core earnings growth… Continue Reading…

Economy

“Soybean futures have been surging on Chinese demand, trade group CEO says buying could continue”

“Global soybean demand has been robust recently, with new American crop sales at record levels, said Jim Sutter, CEO of the U.S. Soybean Export Council. On Tuesday, prices of U.S. soybean futures rose to their highest levels since 2018 after the U.S. Department… Continue Reading…

Real Estate

“Mortgage demand from homebuyers surges 40% from a year ago amid sales spree”

“Mortgage applications to purchase a home rose 3% last week from the previous week and were a stunning 40% higher from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. The year-on-year comparison is usually in single… Continue Reading…

Stocks

“Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook”

“Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday.… Continue Reading…