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Business

“Walmart earnings smash expectations…”

“…In the retail giant’s second quarter earnings release, out before the market open on Thursday, Walmart posted same-store sales that rose 6.30%, more than the 4.04% expected, according to data from Bloomberg. Foot traffic increased for Walmart, up 2.8%, along with… Continue Reading…

Business, Stocks

“GE Stock Jumps As Earnings Top, Free Cash Flow Estimate Raised” [89% Earnings Jump]

“…Estimates: Analysts, on average, expected GE earnings per share of 46 cents on revenue of $14.762 billion. Year-over-year comparisons were muddied by the GEHC spinoff. Results: GE earnings came in at 68 cents a share, up 89% from 36 cents… Continue Reading…

Stocks

[Breaking Point?] “A $10 Trillion Stock Market Rally Faces Crucial Test in Earnings”

“A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks. S&P 500 firms are expected to post a 9% drop in profits in the second… Continue Reading…

Business

“Uber May Add To Its 74% Run; Its 2024 Earnings Are Expected To Soar 119%”

“IBD 50 growth stock Uber (UBER) has gained 74% so far this year, and its chart suggests another run is in store… Uber’s sales growth, though still strong, has tapered off over the past three quarters and losses are narrowing. For the… Continue Reading…

Business, Stocks

“Coca-Cola earnings beat estimates, fueled by price hikes and higher demand”

“Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by price hikes and higher demand for its drinks. Shares of the company rose 1% in premarket trading. Here’s what the company reported compared with what Wall… Continue Reading…

Energy

“Exxon smashes Western oil majors’ earnings record with $56 billion profit for 2022”

“Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.… 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, Stocks

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

“…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…

Stocks

“Dow pops 500 points as Wall Street applauds latest bank earnings, strong June retail sales”

“…The Dow Jones Industrial Average popped 532 points, or 1.74%. The S&P 500 jumped 1.35% and Nasdaq Composite added 1.06%, but stocks remained on track for weekly losses. A new round of bank results from Wells Fargo and Citigroup offered further insight into the state… Continue Reading…

Business

“Netflix lays off ‘Tudum’ writers following disastrous Q1 earnings”

“The belt tightening appears to have started at Netflix: A number of journalists working for the company’s entertainment site Tudum have been laid off, according to tweets by those affected. A Netflix spokesperson told Protocol Thursday that there were no plans to… Continue Reading…