Earnings

Futures: Rally Awaits Fed Signals;  AMD Moves On Earnings

Futures: Rally Awaits Fed Signals; AMD Moves On Earnings

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures, with attention turning to Wednesday’s Federal Reserve meeting and whether policymakers will confirm or dash Fed pivot hopes. X The stock market rally reversed lower from early gains Tuesday as stronger-than-expected economic data was not what the Fed wanted to see. …

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BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings

BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings

Shares of BP are up over 45% year-to-date. Stick Images | Lightrocket | Getty Images Oil and gas giant BP on Tuesday reported stronger-than-expected third-quarter profits, supported by high commodity prices and robust gas marketing and trading. The British energy major posted underlying replacement cost profit, used as a proxy for net profit, of $8.2 …

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Tesla stock split, Peloton earnings, Fed Jackson Hole symposium top week ahead

Jobs data, Fed decision, Peloton earnings top week ahead

FOX Business host Charles Payne explains why he will always ‘be a cheerleader’ for opportunities while navigating the stock market on ‘Making Money.’ Wall Street is in for another busy week of corporate earnings and economic data, including the October nonfarm payrolls report and the Federal Reserve’s highly anticipated decision on interest rates. On Friday, …

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Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter

Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter

The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon XOM 2.93% Mobile Corp. reported almost $20 billion in profit, its most lucrative quarter ever, while rival Chevron Corp. CVX 1.17% reported just a slight dip from the record haul it set in the previous quarter. Despite the hefty …

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The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year

The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year

The 20 richest tech billionaires have collectively lost nearly half a trillion dollars this year amid the stock market’s sharp tumble, a loss of wealth that is more than the market values ​​of all but seven companies in the S&P 500. The world’s richest tech moguls—including Mark Zuckerberg, Bill Gates and Larry Ellison—have seen more …

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The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has finally reached a resting altitude, but Wall Street is doing anything but resting. Amazon.com Inc. AMZN, -4.06%, the original pioneer in cloud computing, confirmed Thursday what rivals Microsoft Corp. MSFT, -1.98% and Alphabet Inc. GOOGLE, -2.85% GOOG, -2.34% suggested with their earnings reports earlier in the week: Cloud-computing growth has finally …

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S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture

S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture

Caterpillar, McDonald’s gain on earnings beats US economic growth rebounds in Q3 Meta plunges on weak forecast Amazon slumps after the bell following a weak report Dow up 0.61%, Nasdaq down 1.63%, S&P down 0.61% NEW YORK, Oct 27 (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with …

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Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings

Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings

Intel Corp. INTC -3.45% has embarked on an aggressive cost-cutting push as the chip maker tries to navigate a sharp plunge in demand for PCs that has weighed on the company’s earnings. Intel posted a 20% drop in third-quarter sales, issued a forecast for even weaker revenue in the current quarter and lowered its full-year …

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