Text size Intel posted June-quarter financial results that fell far short of Wall Street estimates. David Paul Morris/Bloomberg Bernstein doesn’t believe Intel ’s troubles are behind it after the chip...
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Intel Shows Limits of Chips Act
There is a rich irony to the notion that U.S. lawmakers rescued a giant subsidy package for the semiconductor industry just as the country’s largest chip maker proved the limits of such measures. On T...
AbbVie Stock Slips After Earnings, Charge for Potential Opioid Deal
Text size AbbVie said it continues to expect adjusted diluted earnings of between $13.78 and $13.98 per share for the full fiscal year. Dreamstime The drugmaker AbbVie turned in quarterly earnings tha...
Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit
Text size PHOTOCAP Dean Mouhtaropoulos/Getty Images Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted e...
Intel Posts Sharp Drop in Sales, Issues Muted Outlook
Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...
Senate Climate Bill Is a Boon for Fossil Fuels
WASHINGTON—Senate Democrats are moving forward on the costliest and most ambitious effort ever by the U.S. to address climate change—powered in part by benefits for fossil fuels and the broader energy...
Inflation Reduction Act: What to Know About the Democrats’ Latest Economic Package
The bill Sen. Joe Manchin (D-W.Va.) and Majority Leader Chuck Schumer agreed to aims to address climate change, healthcare, taxes, and more. Photo by Kevin Dietsch/Getty Images Text size Build Back Be...
Senate Reconciliation Bill Would Close Carried Interest Loophole. What It Means for Private Equity.
Text size Sen. Joe Manchin wants to eliminate a provision giving favorable tax treatment to the private-equity industry. Alex Wong/Getty Images In a surprise, Senate Democrats reached a deal on a bill...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
Amazon Is Expected to Post Slim Profit as It Manages Slower Demand
Amazon Inc. is expected on Thursday to report a modest quarterly profit on a meager rise in sales, as the tech-and-retail company continues to work through the overhang from its breakneck growth durin...
Shell Posts Record Quarterly Profit on Soaring Energy Prices
LONDON—Shell PLC reported a second consecutive record quarterly profit as the oil major benefited from soaring global energy prices and a continued rebound in the global economy. The London-based comp...
Teladoc Stock Sinks on Wider Loss and Weak Guidance
Teladoc Health was falling more than 23% in premarket trading Thursday after the remote healthcare provider posted a wider-than-expected quarterly loss after recording a $3 billion impairment charge. ...
Solar Stocks Surge After Energy Bill Gets Backing From Sen. Manchin
Text size Sen. Joe Manchin said he supported a spending package that includes funding for energy and climate programs. Andreas Rentz/Getty Images Solar stocks were surging Thursday after Sen. Joe Manc...
Apple Earnings Day Is Here. The Dollar and Inflation Could Bite.
Text size Apple is more exposed to the consumer economy than other tech hardware companies. Photo by DANIEL SLIM/AFP via Getty Images Apple will report June quarter earnings late Thursday, and CEO Tim...
Amazon Reports Earnings Today. What to Expect.
Text size Amazon Web Services, the company’s cloud computing arm, is expected to boost revenue 33% in the quarter from a year ago. Stefano Guidi/Getty Images Amazon ’s June quarter financial report is...
Boeing Earnings Revealed Another Big Loss. What Saved the Day for the Stock.
Text size Boeing delivered 121 commercial jets in the second quarter of 2022, up from 95 jets delivered in the first quarter. Justin Tallis/AFP via Getty Images Boeing’s quarterly earnings were messy,...
Buy Warner Bros. Discovery, But Sell Paramount, Goldman Says. Here’s Why.
Text size Combining and relaunching the HBO Max and Discovery+ services as well as cutting costs can be tough for WarnerMedia. Dreamstime Investors should buy Warner Bros. Discovery stock because the ...
Exxon Skips Its Victory Lap
More than a year after an activist investor-led shake-up, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Now, the company is on a broader charm offensive. Exxon Mobil on F...