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Browsing Category
Business
Boeing 737 Max 9 grounding will cost $150 million
Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Patrick T. Fallon | AFP | Getty ImagesAlaska…
Comcast (CMCSA) earnings Q4 2023
Omar Marques | Lightrocket | Getty ImagesComcast topped both revenue and profit estimates in the fourth quarter as it lost fewer broadband subscribers than expected, and it raised its dividend 7%, the company said Thursday.Here's how…
Turkey hikes interest rate again to 45% after inflation nears 65%
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023.Bloomberg | Bloomberg | Getty ImagesTurkey's central bank on Thursday hiked its key interest rate by another 250 basis points to…
Company to start share buybacks
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit…
IBM Q4 earnings report 2023
IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023.Prakash Singh | Bloomberg | Getty ImagesIBM shares rose as much as 8% in extended trading Wednesday after the tech and services provider…
Thursday’s GDP report expected to show the U.S. economy at a crossroads
Consumers shop in Rosemead, California, on Dec. 12, 2023.Frederic J. Brown | Afp | Getty ImagesEconomic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the stage for a more pronounced slowdown…
Tesla (TSLA) 2023 Q4 earnings
Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty…
SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI
An employee works in an office at the SAP SE campus in Walldorf, Germany.Bloomberg | Getty ImagesShares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial…
Netflix (NFLX) earnings Q4 2023
The Netflix logo is shown on one of the streaming giant's Hollywood buildings in Los Angeles on July 12, 2023.Mike Blake | ReutersLOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday.The company's…
Johnson & Johnson (JNJ) earnings Q4 2023
The stock trading graph of Johnson & Johnson is seen on a smartphone screen.Rafael Henrique | SOPA Images | LightRocket | Getty ImagesJohnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that narrowly edged out …
Procter & Gamble (PG) Q2 2024 earnings
A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China.VCG | Getty ImagesProcter & Gamble on…
United Airlines (UAL) Q4 2023 earnings
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019.Justin Sullivan | Getty ImagesUnited Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration's…
China strategist warns of deflation and rock-bottom consumer confidence
BEIJNG, CHINA - NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesDeflation may…
Top Citi strategist says healthier economic growth is coming
Jim Dyson | Getty Images News | Getty ImagesThe global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief…
Top Citi strategist says healthier economic growth is coming
Jim Dyson | Getty Images News | Getty ImagesThe global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief…
Two important events this week could determine the future of Fed rate policy
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024. Brendan Mcdermid | ReutersMarkets have become less convinced that the Federal Reserve is ready to press the button on interest rate…
Spending is strong, delinquencies down from 2019
Stephen Squeri, chair and CEO of American Express, speaks during an Economic Club of New York event in New York on Nov. 10, 2022.Stephanie Keith | Bloomberg | Getty ImagesAmerican Express CEO Stephen Squeri on Friday said the credit card…
Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
An employer representative at a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department of Labor is scheduled to release initial jobless claims figures on January 11. Eric Thayer |…
Grim retail sales suggest possible recession for Britain
Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023.Henry Nicholls | Afp | Getty ImagesU.K. retail sales dropped significantly more than expected in December, in a sign that the…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Raphael Bostic at Jackson Hole, WyomingDavid A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way…
Weekly jobless claims post lowest reading since September 2022
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty ImagesThe labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected…
TSMC Q4 2023 earnings report
Jakub Porzycki | Nurphoto | Getty ImagesThe world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions.Here are…
Retail sales December 2023:
A customer exits the Macy's flagship department store in midtown Manhattan in New York City, U.S., December 11, 2023. Brendan Mcdermid | ReutersHoliday shopping turned out even better than expected in December as shoppers picked up the pace…
Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
Javier Ghersi | Moment | Getty ImagesCorporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal with the burden of high interest rates, S&P Global Ratings reported Tuesday.The number of…
Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank can take its time relaxing monetary policy.The comments, delivered during a speech in Washington, D.C.,…
Morgan Stanley earnings Q4 2023
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.Michael M. Santiago | Getty ImagesMorgan Stanley on Tuesday reported fourth-quarter revenue that surpassed expectations, boosted by the strength in investment…
Goldman Sachs (GS) earnings 4Q 2023
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California.Michael Kovac | Getty Images…
Germany’s economy shrinks by 0.3% in 2023
German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in Berlin, Germany.Michele Tantussi | Getty Images News | Getty ImagesEurope's largest economy contracted by 0.3% year-on-year in…
Bank of America (BAC) earnings Q4 2023
Bank of America shares fell Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.Here's what the company reported compared to Wall Street expectations, according to LSEG, formerly known as…
Wells Fargo (WFC) earnings Q4 2023
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year."As we look forward, our business performance…