Check out the companies making headlines before the bell: Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and...
Tag: Markets
Medtronic Is Doing a Spinoff. What It Means for Our Stock Pick.
Medical device maker Medtronic is spinning off two business units to try to drive higher growth. The market isn’t impressed. In theory, it should be. Spinoffs are supposed to streamline operations of...
PCE Inflation September 2022:
Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC. Drew Angerer | Getty Images An economic gauge that the Federal Reserve follows closely showed that i...
Ripple comes out with the quarterly XRP Markets Report
Ripple takes the initiative and brings out its quarterly XRP Markets Report. However, this has been carried out per the company’s aims and intentions of bringing clarity to all matters. However, this ...
Costa Rica Might Be the Next Country to Establish Bitcoin as Regulated Currency – Emerging Markets Bitcoin News
Costa Rica could be one of the next countries to adopt bitcoin as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow bitcoin and other cryptocurrencies to se...
Foreign investment funds bet on a U.S.-proof China chip industry
Pictured here is a chip manufacturing plant in Suqian city, East China’s Jiangsu Province, April 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is so far behind th...
Amazon Stock Dives As Holiday Sales Outlook Clouds Q3 Profit Beat
Updated at 4:21 am EST Amazon Inc (AMZN) posted better-than-expected third quarter earnings Thursday, but forecast disappointing holiday sales despite adding an extra Prime shopping day event, sendi...
AutoNation, Lithia rally despite Wall Street’s ‘demand destruction’ theory
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automo...
Solana Projects Reboot as Money Lost From Mango Markets Fiasco Is Recovered – crypto.news
Wednesday evening marked a sensational moment for several Solana projects as they reopened after they received back lost money from the recent Mango markets hack. The tokens that UXD Protocol and Tuli...
NASA annual economic output is triple its budget: Study
Astronauts flying on SpaceX’s Crew-5 mission for NASA stand in front of the agency’s worm logo during a countdown dress rehearsal on Oct. 2, 2022, at Kennedy Space Center in Florida. Space...
Southwest (LUV) earnings 3Q 2022
A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Luke Sharrett | Bloomberg | Getty ...
McDonald’s (MCD) earnings Q3 2022
McDonald’s on Thursday said traffic to its U.S. restaurants is growing, helping the fast-food giant top analysts’ expectations for its quarterly earnings and revenue. The company is buckin...
How A Strong Dollar Hurts Europe + Emerging Markets
Burning US five and one dollar bills, London, 8th August 2011. (Photo by Tom Stoddart/Getty Images) Getty Images Is a strong dollar all good? Depends where you sit in the global economy. For sure the ...
Jim Cramer says to wait before pulling the trigger on Mobileye
CNBC’s Jim Cramer on Wednesday advised investors not to buy shares of Mobileye just yet. “The stock’s going to have a tough time once people realize the Fed’s war on inflation ...
Watch Christine Lagarde speak after the ECB hikes rates once again
[The stream is slated to start at 08:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference ...
Lucid Group is losing too much money
FLEX LNG Ltd: “Jimmy Chill likes FLEX. Why? Because it’s got a product that we all need.” Coinbase Global Inc: “People actually trust it, okay? They believe in it, and that is ...
Aries Markets Mainnet is all positioned to go live
Aries Markets is in the process of carrying out a soft launch as a part of their newly launched Aries Markets devnet. However, this has taken the company many months of deliberations and the process o...
Nigerian CBDC Still Not Widely Used a Year After Launch – Emerging Markets Bitcoin News
On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of...
Q3 2022 earnings and overhaul
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that...
Markets Could Go on a Tear After the Midterms, History Suggests
The autumn of 1991 was a stressful time for investors. The country had just been in a war in Iraq, interest rates were rising, and the U.S. economy was barreling toward recession. In other words, it w...
Bullish spell in equity markets causes BTC, ETH among other cryptos to rebound—significantly
Top cryptocurrencies rebounded through October 25th. Equity markets show a significant spike. BTC crossed the $20k mark, last crossed on Oct. 07th. Earnings reports of multiple blue chip companies and...
Powell again is facing political pressure as worries mount over the economy
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve Chairman Je...
Markets Expect The Fed To Pause In 2023, Will It?
Lael Brainard, vice chair of the US Federal Reserve, from left, Jerome Powell, chairman of the US … [+] Federal Reserve, and Michael Barr, vice chair for supervision of the Board of Governors of...
After Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, simi...
Stock pickers are still positioned for a Fed ‘soft landing,’ mutual fund holdings show
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Activel...
Boeing (BA) earnings Q3 2022
Boeing reported a $3.3 billion quarterly loss Wednesday as problems in its defense unit countered strides in its commercial aircraft business. The manufacturer, however, generated nearly $3 billion in...