Today: September 18, 2024
Today: September 18, 2024

Stocks

Business

Dollar General shares pop on Vasos' return as CEO

Shares of Dollar General jumped 8% premarket on Friday, as investors and analysts drew confidence from the return of former CEO Todd Vasos to the top job to help steer the retailer away

Dollar General shares pop on Vasos' return as CEO
Economy

Investors zero in on health of consumer with retail sales, earnings

Investors in the coming week will get a look at the state of U.S. consumers - whose spending drives around two-thirds of the economy - with a U.S. retail sales

Investors zero in on health of consumer with retail sales, earnings
Business

Pfizer lowers full-year revenue forecast, shares fall

Pfizer Inc on Friday cut forecast for 2023 revenue to between $58 billion and $61 billion, from $67 billion to $70 billion previously.

Pfizer lowers full-year revenue forecast, shares fall
Economy

Wall Street jumps, Treasury yields gain as high-profile earnings and data loom

Wall Street surged and Treasury yields rose on Monday as investors embarked upon the first full week of third-quarter earnings while keeping a close eye on the

Wall Street jumps, Treasury yields gain as high-profile earnings and data loom
Business

Pfizer, BioNTech shares fall on COVID product sales uncertainty

Shares of Pfizer and German partner BioNTech fell on Monday after the U.S. drugmaker slashed the sales forecast for its COVID vaccine and therapy last week, and some

Pfizer, BioNTech shares fall on COVID product sales uncertainty
Business

Most Wall St brokerages upbeat on Instacart on e-grocery shopping potential

Most Wall Street brokerages, including J.P.Morgan and Piper Sandler, kicked off coverage on Instacart with a bullish view, betting on the grocery delivery app's growth

Most Wall St brokerages upbeat on Instacart on e-grocery shopping potential
Business

Snap shares jump as leaked 2024 user target exceed Wall St expectations

Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above Wall Street

Snap shares jump as leaked 2024 user target exceed Wall St expectations
Economy

Bond sell-off back, stocks steady, earnings and geopolitics on the agenda

Bond yields rose on Tuesday and stocks steadied as markets continued to retrace last week's moves to safe-haven assets, focusing on corporate

Bond sell-off back, stocks steady, earnings and geopolitics on the agenda
Business

Lockheed beats estimates on sustained weapons demand amid geopolitical tensions

U.S. defense contractor Lockheed Martin shares sank in pre-market trading despite reporting better-than-expected third-quarter revenue and profit on

Lockheed beats estimates on sustained weapons demand amid geopolitical tensions
Business

BofA profit beats estimates on higher interest income, investment banking gains

Bank of America beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from

BofA profit beats estimates on higher interest income, investment banking gains
Business

United Airlines forecasts weaker Q4 profit on higher costs

United Airlines Holdings on Tuesday reported stronger-than-expected earnings in the third quarter, but forecast weaker profit in the current quarter due to higher costs.

United Airlines forecasts weaker Q4 profit on higher costs
Business

US airline investors worry the travel boom may be coming in for a landing

It should be the best of times for U.S. airlines with a travel boom still going strong, but investors are nervous demand may soften as the economy falters,

US airline investors worry the travel boom may be coming in for a landing
Business|Economy|News|World

Stock market today: Asian shares slip further as higher US 10-year Treasury yield pressures Wall St

Asian shares have retreated as the prospect of a 5% yield on the 10-year U.S. Treasury for the first time since 2007 added to pressure on Wall Street

Stock market today: Asian shares slip further as higher US 10-year Treasury yield pressures Wall St
Economy

Marketmind: To 5% and beyond, bond yields soar

A look at the day ahead in U.S. and global markets from Mike Dolan A buoyant U.S. economy, hawkish Federal Reserve and dysfunctional Congress are sending Treasury bond yields soaring through 5% and

Marketmind: To 5% and beyond, bond yields soar
Business

Freeport-McMoRan beats quarterly profit estimates

Copper miner Freeport-McMoRan beat Wall Street estimates for quarterly profit on Thursday, helped by higher copper production and higher sales volumes.

Freeport-McMoRan beats quarterly profit estimates
Business

Analysis-Wall Street's 'Magnificent Seven' face moment of truth as earnings season arrives

High noon is approaching for the market's biggest stocks, as pressure grows on richly valued technology and growth companies to deliver robust earnings at a

Analysis-Wall Street's 'Magnificent Seven' face moment of truth as earnings season arrives
Business

CSX Corp profit misses Wall Street estimates on weak freight volumes

U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains.

CSX Corp profit misses Wall Street estimates on weak freight volumes
Business

Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets

Relentless selling of U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks

Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
Business

AmEx's third-quarter profit beats estimates on buoyant spending

Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about

AmEx's third-quarter profit beats estimates on buoyant spending
Business

Dip buyers flock to Tesla Bull ETF amid stock selloff

Investors piled into a leveraged exchange traded fund that bet on upside in Tesla's shares as the company's stock price sank following a weaker-than-expected

Dip buyers flock to Tesla Bull ETF amid stock selloff
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

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

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

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