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Business

“BP Stock Falls After Earnings. It’s Tough for Big Oil to Beat Last Year.”

November 1, 2023

“BP the oil and gas company, missed analyst estimates for profit in the third quarter. It goes to show how hard it is for Big Oil to keep investors happy after making record profits last year. London-based BP (ticker: BP)… Continue Reading…

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Business

“TSMC third-quarter profit to slide 30%, focus on how much growth to come”

October 18, 2023

“…The likely decline in profit also reflects a strong performance last year, when the company was still riding high on pent-up post-pandemic demand. The world’s largest contract chipmaker is set to report net profit of T$195.9 billion ($6 billion) for… Continue Reading…

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Economy, Energy

“Oil prices fall on signs Hamas-Israel conflict unlikely to broaden, hotter than expected PPI”

October 12, 2023

“Crude futures fell more than 2% following a hotter-than-expected Producer Price Index inflation print and signs that a conflict between Israel and Hamas may not extend to other countries, namely Iran… “While uncertainty is high, war in Israel is unlikely… Continue Reading…

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Business

“Bud Light falls further, Modelo extends lead as best-selling US beer”

August 29, 2023

“…Total beer sales in the U.S. were up 2.2% in dollar sales for the week ending Aug. 19, but three brands saw double-digit increases in both sales and volume: Miller Lite was up 18.5% in sales and 12.3% in volume, Coors Light… Continue Reading…

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Business, Stocks

“BP Earnings Fall 65% With Oil Major’s Surplus Cash Turning Negative”

August 1, 2023

“…But BP stock rose Tuesday following results, helped by a 10% dividend hike and buyback. Shares flirted with a possible early entry with crude oil prices on the rebound. CVX and XOM reported on Friday that second-quarter sales fell around 30%… Continue Reading…

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Economy

“Key Fed inflation rate falls to lowest annual rate in nearly 2 years”

July 28, 2023

“Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index excluding food and energy increased just 0.2% from the previous month, in line with… Continue Reading…

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Stocks

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

July 25, 2023

“…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…

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Economy

“June jobs report live updates: 209,000 jobs added as unemployment falls to 3.6%”

July 7, 2023

“Hiring slowed but remained sturdy in June as U.S. employers added 209,000 jobs despite inflation, high interest rates and nagging recession fears. Still, that’s the weakest showing since employers shed jobs in December 2020. The unemployment rate fell from 3.7% to 3.6%, the Labor Department… Continue Reading…

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Banking

[Banking] “First Republic’s dramatic slide continues, stock falls 35% as bank looks for rescue deal”

April 26, 2023

“First Republic ’s stock sank again on Wednesday as investors kept an eye on a potential rescue deal for the troubled regional bank. Shares were down more than 35% in morning trading, extending losses of nearly 50% on Tuesday. The… Continue Reading…

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Stocks

“Shares of Roblox fall 12% after company releases March update”

April 17, 2023

“Shares of Roblox tumbled 12% on Monday after the gaming company released its March 2023 metrics report that showed it expects average bookings per daily user to fall year over year. Roblox’s estimated average bookings per daily active user were between $3.73 and… Continue Reading…

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