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China Industrial Production, Retail Sales Beat Expectations in August By Investing.com
© Reuters. By Ambar Warrick Investing.com– China’s industrial production and retail sales grew more than expected in August, data showed on Friday, indicating that a recovery in certain facets of the economy remained steady despite headwinds from new COVID-related curbs. Data from the National Bureau of Statistics showed that grew 4.2% in August, up from growth […] More
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Gold, Copper Head for Sharp Weekly Losses as Fed Rate Risks Increase By Investing.com
© Reuters. By Ambar Warrick Investing.com– Gold and Copper prices moved little on Friday, and were set for steep weekly losses as growing expectations of more sharp interest rate hikes by the Federal Reserve boosted the dollar and dented metal markets. prices were unchanged around $1,664.31 an ounce, while fell 0.3% to $1,673.15 an ounce by […] More
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Ethereum Slumps 10% as Merge Enthusiasm Fizzles Out By Investing.com
© Reuters By Ambar Warrick Investing.com– Ethereum led a decline in cryptocurrency markets on Friday after its highly anticipated switch to proof-of-stake was successfully executed, while headwinds from a stronger dollar and rising U.S. rate expectations also weighed. The world’s sank 10% to $1,474.29, its lowest level this month. The losses saw unwind all of its […] More
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Dow Futures Trade Lower As FedEx Withdraws Guidance By Investing.com
© Reuters. By Oliver Gray Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages resumed declines during the regular session amid growing fears of a global recession while traders absorbed an ugly earnings warning from FedEx Corporation (NYSE:). By 7:15pm ET (11:15pm GMT) were down 0.5% while and […] More
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Bowlero Jumps Following Q4 Earnings Beat By Investing.com
© Reuters By Yasin Ebrahim Investing.com – Bowlero jumped in afterhours Thursday after reporting mixed fourth-quarter results as earnings beat, but revenue missed Wall Street estimates. Bowlero Corp (NYSE:) rose more than 7% in afterhours trading. The bowling center operator and owner earnings of 7 cents on revenue of $191.6 million, compared with estimates for […] More
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Four Rumors That Had Wall Street Buzzing Today By Investing.com
© Reuters Four Rumors that Had Wall Street Buzzing Today By Investing.com Staff Rumors drive Wall Street action on any given trading day. Today was no exception. Below are four rumors that were buzzing around trading desks today: Roku (NASDAQ:) stock jumped 8% on takeover rumors after the company filed an amended Amended and Restated […] More
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These 6 Companies Announced Share Repurchase Plans Today By Investing.com
© Reuters. These 6 Companies Announced Share Repurchase Plans Today By Davit Kirakosyan Like dividends, share repurchases are a way companies can return excess cash to shareholders. Buying back stocks in the open market not only helps support the stock price but also increases earnings per share (EPS) due to a reduced number of shares […] More
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1 CEO Buy and 2 CEO Sells of Interest Today By Investing.com
© Reuters 1 CEO Buy and 2 CEO Sells of Interest Today By Davit Kirakosyan Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesn’t always send the right message to investors when the top person is selling. On the opposite side, […] More
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FedEx Issues Massive Profit Warning as Global Volumes Plunge By Investing.com
© Reuters. FedEx (FDX) Issues Massive Profit Warning as Global Volumes Plunge By Investing.com Staff FedEx Corporation (NYSE:) warned for the first quarter and withdrew guidance for the year, sending the stock down 11% after-hours. The delivery giant said it sees Q1 non-GAAP EPS of $3.44, down from $4.37 last year and well below the […] More
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EOG Resources, Permian Resources Upgraded, Devon Energy Cut at JPMorgan on Valuation By Investing.com
© Reuters. EOG Resources, Permian Resources Upgraded, Devon Energy Cut at JPMorgan on Valuation By Sam Boughedda EOG Resources Inc (NYSE:) and Permian Resources Corp (NASDAQ:) were upgraded, while Devon Energy (NYSE:) was downgraded by a JPMorgan analyst on Thursday. JPMorgan upgraded shares of EOG (price target raised to $156 from $154) and Permian Resources […] More
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Dow Stumbles as Fears of Longer Hawkish Fed Policy Bite By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The Dow stumbled Thursday, weighed down by falling energy and tech stocks with the latter pressured by rising Treasury yields as investors price in higher for longer Federal Reserve interest rate hikes to quell inflation. The fell 0.6%, or 173 points, the was down 1.4% and the fell […] More
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Oil Tumbles 4%, Derailed by Biden Admin Deal That Blocked Rail Strike By Investing.com
© Reuters. By Barani Krishnan Investing.com — The Biden administration did not just snuff out this week’s rally in natural gas. It also pulled out the bottom from under the run-up in oil, with a tentative deal on Thursday to avert a railway workers’ strike that could have crippled the delivery of energy to homes […] More