The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
By Christiana Sciaudone Investing.com – Try to find a reason not to buy Chegg (NYSE:). It’s a tough reason. The online textbook, tutoring and skills acceleration company has seen seven consecutive quarters of sales growth of 25% or more. Last quarter, that number was a whopping 63%, showing thatRead More →
Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, theRead More →
Getty Images The rapid growth of the leveraged loan market has divided opinion. The rapid growth in the leveraged loan market has attracted scrutiny from regulators on both sides of the Atlantic, sparking concern about the risks to the broader financial system in the event of an economic downturn followingRead More →
Heineken Holding NV on Wednesday reported a 14% rise in net profit for 2019 and said it expects organic adjusted operating profit growth for 2020 in the mid-single digits. The Amsterdam-based brewer HEIA, +0.37%, which also owns the Sol, Birra Moretti and Tiger beer brands, made a net profit ofRead More →
© Reuters. Airlines face growth warning as virus curtails Singapore Airshow By Jamie Freed and Tim Hepher SINGAPORE (Reuters) – Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaledRead More →
European markets fell into the red on Friday, and were headed for the worst weekly loss in months, as the U.K. reported its first cases of coronavirus and data showed softer growth in the eurozone. The Stoxx Europe 600 index SXXP, -0.62% fell 0.5% to 413.07 after closing down 1%Read More →
© Reuters. FILE PHOTO: A woman looks at the Facebook logo on a screen. By Katie Paul and Munsif Vengattil (Reuters) – Facebook Inc (O:) said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectationsRead More →
3M Co. Chief Executive Mike Roman said Tuesday that his view of weakness in the China business is “changing” because of the coronavirus, as the outbreak of the deadly virus has boosted demand for face masks. The industrial and consumer products maker’s stock MMM, -5.06% took a dive in middayRead More →
© Reuters. Logo of Facebook is seen in Davos By Paul Sandle and Elizabeth Howcroft LONDON (Reuters) – Facebook (O:) will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States afterRead More →
© Reuters. Investing.com – Nvidia (NASDAQ:) climbed on Monday after an analyst upgraded his outlook on chipmaker on signs of ongoing growth in its gaming business. Needham analyst Ari Shusterman upgraded Nvidia to hold from underperform, sending the chipmaker’s shares up 3%. “Gaming is showing signs of positive momentum asRead More →
Boeing Co.’s woes are expected to knock half a percentage point off U.S. economic growth in 2020, Treasury Secretary Steve Mnuchin said Sunday. “There’s no question that the Boeing situation is going to slow down the GDP numbers,” Mnuchin said Sunday during an interview on Fox News’ “Sunday Morning Futures.”Read More →
© Reuters. Treasury Bulls’ Swagger Undiminished as Focus Shifts to Growth (Bloomberg) — Bond investors may get a chance next week to contemplate the soft spots in the U.S. economy rather than a geopolitical precipice. Either way, Treasury bulls have little to fear. For now, haven buying of government debtRead More →
Call it hire power. On Tuesday, career and job site LinkedIn released its annual “Emerging Jobs” list, which identifies the roles that have seen the largest rate of hiring growth from 2015 through this year. No. 1 on the list: Artificial Intelligence Specialist — typically an engineer, researcher or otherRead More →
Oracle Corp. shares dropped in late trading Thursday as the software giant’s struggle to increase revenue continued. The software company posted better-than-expected earnings for its fiscal second quarter but came up a bit short on revenue, where it has struggled for years. Oracle ORCL, +0.28% reported a year-over-year revenue increaseRead More →
Remember way, way back in history—Tuesday morning, to be precise—when the leader of the free world said that, given his choice, a U.S.-China trade deal wouldn’t be completed until after the November elections? Well, never mind that. Bloomberg News reported the U.S. and China are moving closer to agreeing whatRead More →
(Bloomberg) — Most India stocks dropped on concern that the country’s slowing economic growth outweighs the effect of policy efforts to boost demand and will be a drag on corporate earnings. The S&P Index fell 0.2% to 40,746.55 as of 9:42 a.m. in Mumbai, retreating from a record-high close onRead More →
(Reuters) – British American Tobacco (L:), the world’s no. 2 tobacco company by revenue, said on Wednesday a slowdown in the U.S. vaping market would result in slower growth in revenue from its “new categories” business that sells vaping products. The safety of vaping has been in the spotlight, withRead More →
By Arjun Panchadar (Reuters) – U.S. stock index futures slipped slightly on Thursday, a day after the S&P 500 and the closed at record highs, as weak Chinese economic data and a dour forecast from Cisco rekindled fears of a global slowdown. Cisco Systems Inc (O:) fell 5.6% after theRead More →
© Reuters. FILE PHOTO: WeWork offices in San Francisco By Herbert Lash NEW YORK (Reuters) – WeWork owner The We Company disclosed data on Friday that showed expansion of its office-sharing business was almost doubling in size from a large pipeline of leases even as the money-losing company plans toRead More →
© Reuters. FILE PHOTO: Hong Kong’s Chief Executive Carrie Lam answers questions from lawmakers at the Legislative Council in Hong Kong By Clare Jim HONG KONG (Reuters) – Hong Kong’s embattled leader Carrie Lam said on Tuesday she expects the Asian financial hub to record negative economic growth for theRead More →
Microsoft Corp. easily trumped expectations with an earnings report Wednesday afternoon that displayed double-digit percentage gains in profit and sales, but shares dipped in late trading as the Azure cloud business’s growth rate continued to decline. The most valuable public company in the U.S. reported fiscal first-quarter profit of $10.7Read More →
U.S. stocks fell Friday after data showed China’s economic growth slowing further in the third quarter offset a good start to the corporate earnings reporting season. Bearish news on Johnson & Johnson JNJ, -5.37% and Boeing BA, -3.96% also weighed on the Dow. What are major indexes doing? The DowRead More →
Asian markets were mixed in early trading Friday, as new data showed worse-than-expected economic growth in China. China’s economy expanded at a 6% rate year-over-year, official data showed, less than the median 6.1% forecast by economists polled by the Wall Street Journal, and the worst pace of growth since theRead More →
U.S. stock futures pointed to a lower start on Wall Street Monday as investors reevaluate the “phase-one” trade deal between the U.S. and China, announced in the final minutes of trade Friday, with growing concern that the agreement will not lead to significantly lower trade barriers or greater certainty overRead More →
