Today: September 19, 2024
Today: September 19, 2024

Earnings

Business

Strong ad sales, stable enterprise spending wind beneath Big Tech earnings

U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but

Strong ad sales, stable enterprise spending wind beneath Big Tech earnings
Economy

Hedge funds trim exposure to megacap tech stocks, banks say

Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said.

Hedge funds trim exposure to megacap tech stocks, banks say
Economy

Wall Street surges to close higher, powered by upbeat earnings, guidance

Wall Street ended higher on Tuesday as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and sparked a broad rally.

Wall Street surges to close higher, powered by upbeat earnings, guidance
Economy

Marketmind: Big Tech reports as bond yields recoil

A look at the day ahead in U.S. and global markets from Mike Dolan Big Tech heavyweights Microsoft and Alphabet are set to switch global investors' focus from Monday's bond market bounce, although the

Marketmind: Big Tech reports as bond yields recoil
Business

Dow forecasts downbeat Q4 net sales on low prices, weak demand

By Saikeerthi .

Dow forecasts downbeat Q4 net sales on low prices, weak demand
Business

GM withdraws 2023 guidance as UAW strike costs soar

General Motors on Tuesday withdrew its 2023 profit outlook, blaming the rising costs of United Auto Workers strikes, and Chief Executive Mary Barra said the

GM withdraws 2023 guidance as UAW strike costs soar
Business

GE raises 2023 profit forecast yet again on aviation boom

General Electric on Tuesday raised its full-year profit forecast for a third time this year after quarterly earnings topped Wall Street

GE raises 2023 profit forecast yet again on aviation boom
Business

Halliburton profit beats as higher global drilling offsets weak N.America

Halliburton's third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America.

Halliburton profit beats as higher global drilling offsets weak N.America
Business

Coca-Cola lifts forecasts as earnings sparkle on higher prices, steady demand

Coca-Cola Co on Tuesday raised its annual sales and profit forecasts for a second time this year, riding on resilient demand from consumers for its sodas, juices

Coca-Cola lifts forecasts as earnings sparkle on higher prices, steady demand
Business

RTX beats Q3 estimates on Collins business strength, approves $10 billion share repurchase

RTX reported better-than-expected quarterly earnings on Tuesday, as strong performance at its Collins Aerospace business offset the hit it took due to a

RTX beats Q3 estimates on Collins business strength, approves $10 billion share repurchase
Business

Verizon lifts free cash flow forecast as promotions drive subscriber growth

Verizon raised its annual free cash flow forecast on Tuesday as its promotional offers and high-speed 5G network drew more subscribers than expected in the third quarter,

Verizon lifts free cash flow forecast as promotions drive subscriber growth
Business

Kimberly-Clark boosts profit target for third time as price hikes pay off

Kimberly-Clark lifted its annual profit forecast for the third time this year after its quarterly profit beat estimates on Tuesday, backed by higher prices and resilient demand for

Kimberly-Clark boosts profit target for third time as price hikes pay off
Business

ADM profit tops estimates on good ethanol margins, Brazilian exports

Global grains merchant Archer-Daniels-Midland Co beat Wall Street expectations for third-quarter profit on Tuesday on good ethanol and sweetener margins and strong

ADM profit tops estimates on good ethanol margins, Brazilian exports
Business|Economy

Coke raises full-year sales forecast after stronger-than-expected 3rd quarter

Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter

Coke raises full-year sales forecast after stronger-than-expected 3rd quarter
Business

PulteGroup beats profit estimates on strong demand for pricier homes

PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing

PulteGroup beats profit estimates on strong demand for pricier homes
Business

HCA misses quarterly profit estimates on higher staffing cost

HCA Healthcare missed Wall Street estimates for quarterly profit on Tuesday, hurt by an increase in staffing costs and weak sales at its physician staffing joint venture Valesco, sending

HCA misses quarterly profit estimates on higher staffing cost
Business

3M raises full-year profit forecast aided by cost cuts, price hikes

3M Co on Tuesday raised its full-year adjusted profit forecast and reported upbeat quarterly earnings, as the diversified manufacturer was able to offset slow demand with

3M raises full-year profit forecast aided by cost cuts, price hikes
Business

US, European bellwethers best expectations, boost investor confidence

A broad swath of global industrial and consumer bellwethers reported stronger-than-expected earnings in their most recent quarter, as resilient spending patterns kept

US, European bellwethers best expectations, boost investor confidence
Business

Visa's profit beats estimates driven by strong travel demand

Visa's fourth-quarter profit beat estimates on Tuesday as consumers undeterred by inflation and a cost-of-living crisis continued to swipe cards to travel and dine out, sending shares

Visa's profit beats estimates driven by strong travel demand
Business

Snap sees upbeat fourth quarter as new ad features start to pay off

Photo messaging app Snap on Tuesday reported a surprise rise in quarterly

Snap sees upbeat fourth quarter as new ad features start to pay off
Business|Economy|Technology

Microsoft reports higher profits and revenue powered by cloud computing and AI investments

Microsoft has reported a 27% increase in profit for the July-September quarter compared to the same time last year

Microsoft reports higher profits and revenue powered by cloud computing and AI investments
Business

Visa extends its profit growth though 4Q as digital payments become more commonplace worldwide

Payments processing giant Visa Inc. has posted an 18% rise in its fiscal fourth-quarter profits

Visa extends its profit growth though 4Q as digital payments become more commonplace worldwide
Business

Hilton raises annual profit outlook on strong travel demand

Hilton Worldwide Holdings raised its full-year adjusted profit forecast on Wednesday as the hotel operator expects pent-up travel demand to boost earnings.

Hilton raises annual profit outlook on strong travel demand
Economy

S&P 500, Nasdaq end sharply lower as Alphabet disappoints, Treasury yields bounce

U.S. stocks tumbled in a broad sell-off on Wednesday as Alphabet shares slid after the Google parent posted disappointing earnings and as U.S.

S&P 500, Nasdaq end sharply lower as Alphabet disappoints, Treasury yields bounce
Business|Science

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

Boeing is reporting a loss of $1.64 billion in the third quarter

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

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