S&P To Open At All-Time High After Blowout Nvidia Earnings Spike Global Markets Global markets rallied and US equity futures are sharply higher, poised to push the S&P to a new all time high, after blowout earnings from Nvidia reassured investors that the global artificial-intelligence juggernaut will keep powering equity markets. As of 7:30am, S&P futures […]
Posts Tagged ‘earnings’
S&P To Open At All-Time High After Blowout Nvidia Earnings Spike Global Markets
“Choiceful” Usage By CEOs Hits Record In Earnings Calls To Describe Consumer Slowdown
Corporate executives in the US, including those from Walmart to McDonald’s, have found a new favorite word to characterize the slowdown in consumer spending: “choiceful.” Data from the Bloomberg Document Search function shows the number of times “choiceful” was mentioned in third-quarter earnings calls hit a record high of 22, nearly double from 12 in […]
Popping The AI Bubble: Companies That Drone On About AI In Earnings Calls See Their Shares Underperform
For much of the past year we have said (half jokingly, but not really) that countless companies would try to deflect attention from their sagging earnings by bloviating about “AI”, “chatGPT”, and how other topical buzzwords du jour, for the simple reason that merely mentioning said trigger phrases would spark rallies under their stock, something […]
BofA Reports Best Ever Q3 Earnings Even As Held-To-Maturity Losses Soar By $26 BIllion To Record HiIgh
BofA Reports Best Ever Q3 Earnings Even As Held-To-Maturity Losses Soar By $26 BIllion To Record HiIgh Bank of America, the second largest US bank, was the latest big money-center bank to report earnings this morning, and in keeping the trend started by JPM, Wells and Citi last Friday, it not only beat expectations, but […]
S&P 500 Inches Down as Investors Digest More Big Bank Earnings
The benchmark S&P 500 edged lower on Tuesday as investors digested earnings reports from top lenders Morgan Stanley and Bank of America, after the markets rallied last week in anticipation of the results and signs of inflation cooling. The Dow Jones Industrial Average rose 11.73 points, or 0.03 percent, at the open to 34,597.08. The […]
Former NBA Player Enes Kanter Freedom Says He Lost $50 Million in Earnings After Speaking out Against CCP
Former NBA player Enes Kanter Freedom has claimed to have lost roughly $50 million in salaries and possible endorsements after his career ended abruptly when he spoke out against the Chinese Communist Party (CCP). The basketball player made the claims in a hearing on July 11 before the Congressional-Executive Commission on China (CECC), which is chaired […]
S&P 500, Nasdaq Open Higher on Earnings Optimism
The S&P 500 and Nasdaq opened higher on Tuesday (April 18) as an upbeat quarterly report from Bank of America boosted optimism about the earnings season amid concerns about a looming recession. The Dow Jones Industrial Average fell 22.02 points, or 0.06 percent, at the open to 33,965.16. The S&P 500 opened higher by 12.94 […]
Russia to See Record Oil and Gas Earnings in 2022
Though Europe is being devastated by Western sanctions targeting Russia, Russia is expected to see record oil and gas earnings and a budget surplus as a result of surging oil and gas prices, which is their main export. Janis Kluge, a researcher at the German Science and Politics Foundation, detailed how the sanctions were backfiring […]
Pfizer Promises Omicron Vaccine Will Be Ready In Time For Their Q1 Earnings Report
NEW YORK—During their monthly shareholder meeting, Pfizer announced that an updated vaccine for the Omicron variant will be ready in time for their Q1 Earnings Report. “We are committed to the longevity of this company,” said Pfizer CEO, Derrick Pfizer. “As they say in the vaccine business, ‘if you’re not jabbing, you’re lagging.’ We understand that endless […]
Macy’s Analysts Break Down Q3 Earnings: ‘Potential For New Value Unlocks’
Macy’s on Thursday reported third-quarter adjusted earnings per share (EPS) of $1.23 on revenue of $5.4 billion. Both numbers topped consensus analyst estimates of 31 cents and $5.2 billion, respectively. Revenue was up 35.3 percent from a year ago. Macy’s reported 35.6 percent comparable-store sales growth, exceeding analyst estimates of 29.3 percent. Online sales were […]
Wall Street Opens Higher After Upbeat Earnings Reports
U.S. stock indexes opened slightly higher on Wednesday, helped by a fresh batch of upbeat earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, at the open to 35,835.43. The S&P 500 opened higher by 5.43 points, or 0.12 percent, at 4,580.22, while the Nasdaq Composite gained 40.29 points, or 0.26 […]
Coca-Cola Third-Quarter Earnings Top Analysts’ Estimates, Promoting It to Increase Its Annual Outlook
Coca-Cola’s fiscal third-quarter earnings and sales exceeded Wall Street analysts’ estimates on Wednesday thanks to an improvement in its away-from-home channels such as restaurants, cafes, and cinemas, prompting it to increase its annual outlook again. In a press release, Chairman and CEO James Quincey said that Coca-Cola’s strategic transformation had allowed it to emerge from the pandemic as a stronger […]
Rising Business Costs and Consumer Inflation in Focus as Earnings Season Kicks Off
As the third-quarter corporate earnings season gets underway this week, markets are about to get a sense of the degree to which rising business input costs were absorbed by firms and pulled down their bottom lines. Nineteen S&P 500 firms report earnings this week starting with the big banks. According to Refinitiv IBES forecasts, profit […]
GoFundMe Raises $60K For Hot Dog Vendor After Cops Stole His Earnings
By Dawn Luger Thousands of people have donated tens of thousands of dollars to the hot dog vendor who had his earnings stolen from him by the police. Hot dog vendor Juan’s wallet was taken and the campus cop helped himself to some the vendor’s hard-earned money for the crime of selling hot […]
Iran to ramp up space coop. with other countries
Manouchehr Manteghi made the announcement on the sideline of his visit of Iranian Space Research Center (ISRC) on Wed., adding “we have signed many MoUs with other countries on space sciences and technology, and have reached fair agreements with some of them for which the IRSC can have a more active presence.” “In line with […]
Britain’s ‘unique’ missiles have killed no Daesh militants
The radar-guided “smart missiles” quoted among the reasons for the UK to take part in the airstrikes campaign in Syria have so far killed no Daesh fighters. The response to a freedom of information (FOI) request by the Huffington Post UK has revealed that no recorded casualty has been attributed to the Brimstone missile since the start of the strikes in December. […]
Sony reaches settlement over 2014 security breach
The November 2014 cyber attack against Sony led to an online leak of employee information, unreleased films and embarrassing in-house emails Sony has reached a settlement in a US court to pay $8 million to employees affected by a massive cyberattack, officials said Tuesday. The settlement deal struck this week calls for payments of up […]