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Stocks

“Verizon Earnings Fall From Year Earlier But Top Estimates; Revenue Misses”

“…For the period ended June 30, March, Verizon earnings came in at $1.21 on an adjusted share. Profit for VZ stock fell 7% from a year earlier. Revenue for Verizon stock dipped 3.5% to $32.6 billion. A year earlier, Verizon… Continue Reading…

Business

“Johnson & Johnson beats on earnings, hikes full-year guidance as medtech sales surge”

“Johnson & Johnson on Thursday reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations, and lifted its full-year guidance as sales from the company’s medtech business jumped… That increased demand has been observed by health insurers like UnitedHealth Group and Elevance Health. Here’s how J&J results compared with… Continue Reading…

Stocks

“Best Buy shares rise on earnings beat, even as CEO says shoppers are showing ‘recessionary behaviors’”

“Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year. The company’s shares rose more than 2% in early trading Thursday. The retailer affirmed the outlook it… Continue Reading…

Banking, Business

“Bank of America’s Earnings Top Expectations. Profit Climbs 15%.”

“Bank of America BAC +2.88% ‘s first-quarter earnings topped expectations, continuing a trend at peer banks earlier this month. The bank’s profit rose 15% to $8.2 billion, or 94 cents a share, topping expectations that it would earn 81 cents… Continue Reading…

Stocks

“Nvidia shares up 12% on earnings and bullish outlook on A.I.”

“Nvidia shares opened up over 12% Thursday morning, a day after the chipmaker reported a beat on the top and bottom line. Analysts are also bullish on the company’s A.I. vision. Nvidia reported $6.05 billion in revenue for the fiscal… Continue Reading…

Economy

“…US workers were earning just 12 cents more in 2022 than they did in 1972…”

“…According to CNBC, American workers were earning an average of $27.45 per hour in June of 2022. Back in 1972, the same workers made an average of $3.88 an hour… When adjusted for inflation, American workers are earning just 12 cents… Continue Reading…

Business, Economy, Personal Finance

“The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings”

“If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who… Continue Reading…

Business

“Nvidia earnings fall short, Q3 forecast misses by $1 billion”

“…Here are the most important numbers from the report compared to what analysts were expecting. Revenue: $6.7 billion versus $6.7 billion expected Adj. EPS: $0.51 versus $0.53 expected Data Center: $3.8 billion versus $3.8 billion expected Gaming: $2.0 billion versus $2.0 billion expected Net… Continue Reading…

Business

“Target’s earnings take a huge hit as retailer sells off unwanted inventory”

“Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise would weigh on its bottom line. The big-box retailer missed Wall Street’s expectations by a… Continue Reading…

Economy

“65% of Americans earning $100,000 or more are ‘very concerned’ about inflation, new CNBC poll finds”

“Inflation is a real worry for many Americans — even those who earn six figures — and it’s impacting decisions about how they spend their money. Fully 96% of those high earners are concerned about inflation and 65% are “very… Continue Reading…