Intel, Chevron, American Express, Silvergate and more

Intel, Chevron, American Express, Silvergate and more

Intel said on April 5, 2022 that it has suspended all business activities in Russia. Paco Freire/Sopa Pictures | Rocket | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares in early morning trading after its latest financial results missed analyst estimates … Read more

PCE data shows another drop in the Fed’s preferred inflation gauge

PCE data shows another drop in the Fed’s preferred inflation gauge

font size The Fed is closely monitoring labor market tightness as a barometer of the health of the US economy. Above, a Chick-fil-A worker in Texas. Brandon Bell/Getty Images The Federal Reserve’s preferred measure of inflation rose 4.4% a year in December, up from 4.7% in November. attitude. The core personal consumption price index (PCE), … Read more

Asia-Pacific stocks rise as Tokyo inflation approaches a 42-year high

Asia-Pacific stocks rise as Tokyo inflation approaches a 42-year high

Adani shares continue to fall for the second day in a row with losses Shares of Adani Group companies continued to take sharp losses for a second consecutive trading session in India after short-seller firm Hindenburg announced its short position in the conglomerate’s companies earlier this week. Adani refuted the allegations in two separate statements, … Read more

Adani shares fall further as it weighs legal action against Hindenburg

Adani shares fall further as it weighs legal action against Hindenburg

Adani Group Chairman and Founder Gautam Adani at the News18 Rising India Summit on February 25, 2019 in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a fortune of $113 billion, according to the Bloomberg Billionaires Index. Hindustan Times | Hindustan Times … Read more

Stock futures are trading lower after the Dow posts a five-day profit streak

Stock futures are trading lower after the Dow posts a five-day profit streak

A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more

Stock futures are trading lower after the Dow posts a five-day profit streak

Stock futures are trading lower after the Dow posts a five-day profit streak

A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more

Chevron, Tesla, Seagate Technology, United Rentals and more

Chevron, Tesla, Seagate Technology, United Rentals and more

Check out the companies making headlines during midday trading. Seagate technology — Shares of the data storage company rose more than 10% in a day after Seagate posted top and bottom line beats for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenues of $1.89 billion. Analysts were expecting earnings … Read more

S&P 500 Rises After Strong GDP Report, Nasdaq Jumps Nearly 1% on Tesla Results

S&P 500 Rises After Strong GDP Report, Nasdaq Jumps Nearly 1% on Tesla Results

The Nasdaq Composite rose Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest string of corporate earnings. The tech-heavy index rose 0.8%, while the Dow Jones Industrial Average traded 23 points, or 0.1% higher. The S&P 500 rose 0.4%. GDP data released Thursday shows the economy grew at an annualized rate … Read more

US GDP rose 2.9% in the fourth quarter, more than expected, even as recession fears loom

US GDP rose 2.9% in the fourth quarter, more than expected, even as recession fears loom

The US economy ended 2022 in solid shape, even as questions remain whether growth will turn negative in the coming year. Fourth-quarter gross domestic product, the sum of all goods and services produced from October to December, rose 2.9% year-over-year, the U.S. Commerce Department reported Thursday. Economists polled by Dow Jones had expected a reading … Read more

American Airlines (AAL) earnings Q4 2022

American Airlines (AAL) earnings Q4 2022

American Airlines employees assist with passenger check-in at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images US airlinesFourth-quarter earnings beat analysts’ expectations as strong travel demand and high fares supported results during a turbulent holiday season. Shares of American rose about 2% in premarket trading Thursday. … Read more