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

Stocks

Business

Sempra reports Q3 profit beat on infrastructure unit strength

Utility Sempra on Friday topped estimates for quarterly profit on strength in its energy infrastructure business, sending its shares up 2.3% in early trading.

Sempra reports Q3 profit beat on infrastructure unit strength
Business|Economy

Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well

Warren Buffett's company has reported a $12.8 billion loss as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well

Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well
Economy

Marketmind: Some payback, but bonds hug gains on oil

A look at the day ahead in U.S. and global markets from Mike Dolan World markets are trying to calibrate last week's steep rally in stocks and bonds - tempering some of the overcaffeinated rate cut

Marketmind: Some payback, but bonds hug gains on oil
Business

Emerson Electric misses estimates for fourth-quarter sales, profit

U.S. industrial conglomerate Emerson Electric Co on Tuesday reported fourth-quarter sales and profit below Wall Street estimates, hit by supply chain disruptions.

Emerson Electric misses estimates for fourth-quarter sales, profit
Business

Occidental Petroleum beats Q3 estimates on higher production

Occidental Petroleum on Tuesday beat analysts' third-quarter profit estimates on strong U.S. oil production, but its results were well below a year ago due to

Occidental Petroleum beats Q3 estimates on higher production
Business

Shares of Spirit Aero down 15% as company looks to raise cash

Shares of Spirit AeroSystems dropped 15% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier.

Shares of Spirit Aero down 15% as company looks to raise cash
Business

Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand

WK Kellogg Co, the recently spun-off North American cereal business of Kellanova, beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher

Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
Economy

Analysis-Some investors see Powell's hawkish lean as response to looser financial conditions

A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the central bank

Analysis-Some investors see Powell's hawkish lean as response to looser financial conditions
Business|News|World

Drinks giant Diageo sees share price slide after warning about sales in Caribbean and Latin America

Spirits and beer giant Diageo saw billions wiped off its market value on Friday after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and potential profits

Drinks giant Diageo sees share price slide after warning about sales in Caribbean and Latin America
Business

Walgreens cuts Cencora stake further in $674 million share sale

Walgreens Boots Alliance has further lowered its stake in Cencora, formerly known as AmerisourceBergen Corp, by selling shares worth about $674 million, the U.S. drugstore chain said on

Walgreens cuts Cencora stake further in $674 million share sale
Economy

Investors wary of lingering Treasury volatility as US stocks rally

A still-jittery bond market is clouding the outlook for a rally in U.S. stocks, analysts tracking measures of market volatility said.

Investors wary of lingering Treasury volatility as US stocks rally
Economy

Bargain or trap? US bank stock outlook hinges on Fed's path

Bargain hunters are swirling around beaten-down shares of U.S. banks, even as skeptical investors say the sector’s problems are likely to persist for some time.

Bargain or trap? US bank stock outlook hinges on Fed's path
Business

Boeing shares take off on report that China may lift 737 freeze, bumper Dubai orders

Shares of Boeing rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker's best-selling 737 MAX aircraft after more than four years.

Boeing shares take off on report that China may lift 737 freeze, bumper Dubai orders
Business

Improved profit margins 'bright spot' in US earnings season -Goldman strategists

Improving profit margins among U.S. companies are supporting a stronger-than-expected earnings season even as revenues top estimates at rates below the

Improved profit margins 'bright spot' in US earnings season -Goldman strategists
Business

Investors expand bets on tech stocks as sector still fuels market gains -filings

Several hedge funds expanded their bets on big technology stocks including Amazon, Microsoft and Meta Platforms even as these companies stumbled some during

Investors expand bets on tech stocks as sector still fuels market gains -filings
Business

Trian reports new position in Allstate, increased stake in Disney

Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer Allstate Corp and had raised its stake in Walt

Trian reports new position in Allstate, increased stake in Disney
Business

Salesforce's strong stock price wooed some investors during third quarter - filings

Boasting a booming share price, Salesforce attracted more investor cash during the third quarter even as one of the software company's early public critics

Salesforce's strong stock price wooed some investors during third quarter - filings
Economy

Berkshire sheds GM, Johnson & Johnson, Procter & Gamble as it amasses cash

Berkshire Hathaway said it has shed its holdings in General Motors, Johnson & Johnson and Procter & Gamble, and trimmed its stake in Amazon.com, as the conglomerate

Berkshire sheds GM, Johnson & Johnson, Procter & Gamble as it amasses cash
Business

Exclusive-ValueAct takes stakes in Recruit and Expedia, says they are poised for strong growth

ValueAct Capital Management has bought stakes in job search site Indeed's parent Recruit Holdings and in online travel services provider Expedia Group and

Exclusive-ValueAct takes stakes in Recruit and Expedia, says they are poised for strong growth
Economy

Stocks to outperform fixed income in 2024, says Barclays

Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said in a note on Thursday.

Stocks to outperform fixed income in 2024, says Barclays
Economy

Systematic hedge funds pummeled in post-U.S. CPI stocks rally - Goldman Sachs

Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked

Systematic hedge funds pummeled in post-U.S. CPI stocks rally - Goldman Sachs
Economy

Retail traders cash out as market rallies on bets of end to rate hikes

U.S. retail traders rushed to lock in gains from a share rally sparked by signs of cooling inflation, looking to recoup losses in their portfolios from a brutal 2022 due to

Retail traders cash out as market rallies on bets of end to rate hikes
Economy

US equity funds draw heavy inflows on expectations for Fed pause

U.S. investors were big buyers of equity funds in the seven days through Nov. 15, spurred by expectations that the Federal Reserve may pause its interest rate hikes in light of recent

US equity funds draw heavy inflows on expectations for Fed pause
Business

ChargePoint's stock slumps to record low after revenue warning, executive changes

ChargePoint Holdings' stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue

ChargePoint's stock slumps to record low after revenue warning, executive changes
Economy

Shares tread water, dollar dips as markets eye Fed rate cuts

Shares were generally flat on Monday in thin trading ahead of the U.S.

Shares tread water, dollar dips as markets eye Fed rate cuts

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