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Business
187,000 jobs added, fewer than expected
A 'Now Hiring' sign posted outside of a restaurant looking to hire workers on May 05, 2023 in Miami, Florida.Joe Raedle | Getty ImagesJob growth in July was less than expected, pointing to slower growth in the U.S. economy, the Labor…
Here’s everything you need to look for in Friday’s July jobs report
Miami Beach, Florida, Normandy Isle, 7ty One Venezuelan restaurant, interior with customers dining and wait staff cleaning up. Jeff Greenberg | Universal Images Group | Getty ImagesFriday's jobs report could provide a crucial piece to the…
U.S. political polarization means Fitch debt downgrade is here to stay, economist says
Fitch Ratings in New York, United States.Cem Ozdel | Anadolu Agency | Getty ImagesGrowing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to Elliot Hentov, head of macro…
Virgin Galactic (SPCE) Q2 2023 earnings report
VMS Eve, operated by Virgin Galactic, returns after the company's first commercial flight to the edge of space, at the Spaceport America facility, in Truth or Consequences, New Mexico, U.S., June 29, 2023. Jose Luis Gonzalez | ReutersVirgin…
AMD earnings report Q2 2023
Lisa Su displays an ADM Instinct M1300 chip as she delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada.David Becker | Getty ImagesAMD reported a revenue decline of 18% in its fiscal…
Starbucks (SBUX) Q3 2023 earnings
Starbucks logo is seen on a cup in this illustration photo taken in the cafe at the airport in Charleroi, Belgium on July 27, 2023. Jakub Porzyck | Nurphoto | Getty ImagesStarbucks on Tuesday reported quarterly earnings that beat analysts'…
Pinterest (PINS) earnings report Q2 2023
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019.Spencer Platt | Getty Images News | Getty ImagesPinterest shares sank about…
Yum Brands (YUM) Q2 2023
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020.Luke Sharrett | Bloomberg | Getty ImagesYum Brands on Wednesday reported mixed…
Humana rises after medical costs came in lower than expected
A Humana office in Louisville, Kentucky, July 31, 2023.Jon Cherry | Bloomberg | Getty ImagesHumana shares rose Wednesday after the health insurer said medical costs came in lower than expected during its second-quarter earnings report.The…
CVS Health (CVS) Q2 2023 earnings
A customer exits a CVS Health Corp. store in Oakland, California, U.S., on Friday, Aug. 2, 2019.Michael Short | Bloomberg | Getty ImagesCVS Health on Wednesday reported second-quarter earnings and revenue that beat expectations, as the…
EVgo (EVGO) Q2 2023 earnings results
A view of an EVgo EV charging station on July 28, 2023 in Corte Madera, California. Justin Sullivan | Getty ImagesEV charging network operator EVgo on Wednesday reported second-quarter revenue that beat Wall Street's expectations and posted…
Qualcomm (QCOM) earnings report Q3 2023
Qualcomm president and CEO Cristiano Amon speaks about Qualcomm's technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022.Steve Marcus | ReutersQualcomm reported third-quarter earnings on…
The Fitch analyst behind the U.S. downgrade breaks down the decision
The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain.Reinhard Krause | ReutersIt's not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top…
Private sector added 324,000 jobs in July, well above expectations, ADP says
Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads "Work Here $15 $15 $15". (Photo by Ben Hasty/MediaNews Group/Reading Eagle…
U.S. debt downgrade sinks global markets — but economists are not concerned
Traders work on the floor of the New York Stock Exchange, June 29, 2023.Brendan McDermid | ReutersGlobal stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top…
Job openings, layoffs both declined in a positive sign for the labor market
Job vacancies and layoffs edged lower in June, according to a Labor Department report Tuesday that points to a stable labor market.Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million…
JetBlue (JBLU) earnings Q2 2023
A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA.Tim Rue | Bloomberg | Getty ImagesJetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations…
Uber (UBER) Q2 earnings 2023
Uber CEO Dara Khosrowshahi addresses the audience during the keynote at the start an Uber products launch in San Francisco, California on September 26, 2019.Philip Pacheco | Afp | Getty ImagesShares of Uber rose 1% in premarket trading…
Pfizer (PFE) Q2 earnings report 2023
Pavlo Gonchar | Lightrocket | Getty ImagesPfizer on Tuesday reported second-quarter adjusted earnings that topped Wall Street's expectations, but posted revenue that fell short of estimates as Covid product sales plunged.Pfizer reported…
Merck (MRK) Q2 earnings report 2023
Medicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021.NurPhoto | NurPhoto | Getty ImagesMerck on Tuesday reported second-quarter revenue that topped…
HSBC Q2 earnings beat forecast, announces $2 billion share buyback
HSBC's net profit more than doubled to $18.1 billion in the six months ended June, a sharp spike compared to the $9 billion in the same period a year before.The bank's profit before tax rose 147% year-on-year to $21.7 billion, up from $8.78…
Steep drop in profit on lower oil and gas prices
LONDON — Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry.The British energy major posted second-quarter…
Saudi Arabia’s economic growth slows as oil cuts, price drops bite
Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesSaudi Arabia's economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the…
PCE inflation June 2023:
People stand at the check-out counter after shopping at a grocery supermarket in Alhambra, California, on July 13, 2022. Frederic J. Brown | AFP | Getty ImagesInflation showed further signs of cooling in June, according to a gauge released…
Bank of Japan loosen’s YCC, cites ‘greater flexibility’ and jolts markets
Kazuo Ueda, governor of the Bank of Japan (BOJ).Bloomberg | Bloomberg | Getty ImagesThe Bank of Japan announced Friday "greater flexibility" in its monetary policy — surprising global financial markets.The central bank loosened its yield…
Procter & Gamble (PG) Q4 2023
Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017. Mike Blake | ReutersProcter & Gamble reported its quarterly earnings before the bell Friday.Here's what the company reported compared with what…
Ford Motor (F) earnings Q2 2023
Ford Mustang on display at the NY Auto Show, April 6, 2023.Scott Mlyn | CNBCDETROIT — Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and…
Sweetgreen (SG) Q2 2023 earnings
Customers enter a Sweetgreen restaurant on June 21, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesSweetgreen on Thursday reported quarterly sales that fell short of Wall Street's expectations, but losses did narrow from the…
Intel (INTC) earnings report Q2 2023
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on…
Turkey’s central bank more than doubles 2023 inflation forecast to 58%
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023.Anadolu Agency | Anadolu Agency | Getty ImagesTurkey's central bank expects…