Tag: Earnings

Dow futures up nearly 500 points ahead of retail sales and comments from Fed’s Powell

US stock index futures surged on Tuesday, with the technology sector leading the way higher ahead of a batch of economic data, including April retail sales and comments from several Federal Reserve speakers, including Chairman Jerome Powell later in the session. Walmart’s WMT, + 0.11% earnings are also due Tuesday. How are stock-index futures trading?…

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Oil giant Aramco reports record first quarter as oil prices soar

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said net income rose 82% to…

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G-7 foreign ministers vow to continue economic pressure on Russia

The Federal Minister of Foreign Affairs, Annalena Baerbock, will host and lead the work process of the G7 foreign ministers on May 14, 2022 in Weissenhaus, Germany. Janine Schmitz | Photothek | Getty Images Group of Seven foreign ministers vowed on Saturday to reinforce Russia’s economic and political isolation, continue supplying weapons to Ukraine and…

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Stocks Are Way Down. They’re Still Expensive.

US stocks are off to their worst start to a year in more than a half-century. By some measures, they still look expensive. Wall Street often uses the ratio of a company’s share price to its earnings as a measuring stick for whether a stock appears cheap or pricey. By that metric, the market as…

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SoftBank Vision Fund posts record $ 27 billion loss as tech stocks dive

SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro Takahashi | Bloomberg | Getty…

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Palantir Earnings and Outlook Fall Short of Estimates. The Stock Tumbles.

Text size Palantir guided to a ‘base case’ of $ 470 million in revenue for the second quarter. Dreamstime Palantir Technologies posted soft first-quarter results, along with June quarter guidance that fell shy of previous Wall Street forecasts. Global economic and geopolitical forces appeared to be weighing on the company’s near-term outlook, although Palantir’s long-established…

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