The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photoon Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced … Read more
Stock futures are near flat Wednesday night as investors shifted focus from the Federal Reserve’s policy decision to the latest batch of corporate earnings reports.and the subsequent press conference with Jerome Powell, the central bank’s chair. Powell said he would not rule out a rate increase at the December meeting, leaving market participants unsure of … Read more
When Novo Nordisk reports earnings on Thursday, investors will be focused on sales of its blockbuster anti-obesity medicines, which have captured the cultural imagination over the past year. The earnings report comes amid what has been a surprisingly grim two weeks for the pharmaceutical sector: Investors have sold off shares of virtually every large drugmaker … Read more
Coinbase Global is expected to report its seventh straight quarter of losses on Thursday. The good news for the company’s investors is the crypto market finally seems to be breaking out of its funk. When the company reports after the close on Thursday, Coinbase (ticker: COIN) is expected to disclose a third-quarter loss of 55 … Read more
A United Airlines Boeing 737 MAX 9 airplane passes a Southwest Airlines Boeing 737 while taking off from Los Angeles International Airport (LAX) as seen from El Segundo, California, on September 11, 2023.Dick Durbin, D-Ill., and Roger Marshall, R-Kan., asked the Department of Transportation and the Consumer Financial Protection Bureau to help “protect consumers against … Read more
A man runs past a BP (British Petroleum) EV (Electric Vehicle) charge point in London, Britain, January 30, 2021. Picture taken January 30, 2021. REUTERS/Toby Melvilleon Tuesday reported third-quarter earnings of $3.3 billion, missing analysts’ forecasts, as strong oil trading and refining margins were offset by weak gas results. The British company maintained its dividend … Read more
Semiconductor analysts are concerned expectations for AMD’s data center unit may be too high. Investors will get a key update on chip maker’s businesses after the market close. The Wall Street consensus is that Advanced Micro Devices (ticker: AMD) will report September quarter revenue of $5.7 billion with adjusted earnings per share of 68 cents. … Read more
Coming off a brutal loss on Sunday that pushed them to 2-6, the New York Giants traded away Pro Bowl defensive tackle Leonard Williams to the Seattle Seahawks, according to multiple reports. The Giants will be receiving a 2024 second-round pick and a 2025 fifth-round pick from the Seahawks for Williams, reports say. New York … Read more
Another chunk of companies are set to report this week, and analysts think earnings are on their side. About 50% of S & P 500 companies have reported earnings for the third quarter. Of those companies, nearly 77% have exceeded expectations, FactSet data shows. Roughly 30% of S & P 500 companies are reporting this … Read more