Former US President Donald Trump kicked off his 2024 White House bid with stops on Saturday in New Hampshire and South Carolina, events in early-voting states marking the first campaign appearances since announcing his latest run more than two months ago. “Together we will complete the unfinished business of making America great again,” Trump said …
The S&P 500 is on the verge of achieving its first “golden cross” in 2½ years, but that doesn’t mean stocks are destined for more gains over the coming year. The golden-cross indicator is used by technical analysts as a sign that a particular upward trend in markets or currencies is gaining momentum. Barring a …
Continue reading “S&P 500 Nears Golden Cross……. Technical Traders are about to be HUNG on it”
Jan 26 (Reuters) – Intel Corp (INTC.O) said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division. The company’s shares fell 9.5% in trading after the bell. “We stumbled, right, we lost share, …
Continue reading “Intel’s Q4 revenue at $14B, falls 32% YoY”
In an about-face on the provision of Western weapons for Ukraine, and despite warnings from Moscow of a serious escalation, Washington has agreed to supply Kyiv with 31 Abrams tanks in a decision announced shortly after Germany agreed to deploy Leopard 2 tanks to Ukraine. The German announcement preceded the U.S. announcement of tank provisions, …
Blackstone Inc. announced on Thursday that its total revenues fell from $5.76 billion in the fourth quarter of fiscal 2021 to $1.7 billion in the same timeframe in 2022. Net income stood at $743 million after declining from $2.94 billion, while diluted earnings per share dropped from $1.92 to $0.75. In full fiscal 2022, total …
Tesla Inc. reported better-than expected profits in the latest quarter, even as it gave mixed signals on the outlook for growth in vehicle deliveries. The EV market leader said it would increase output “as quickly as possible” — in line with previous guidance for average annual growth of 50% over multiple years. However, Tesla said …
WTI prices rose on Wednesday after the Energy Information Administration (EIA) said that U.S. crude inventories rose by 533,000 barrels in the last week to 448.5 million barrels. Analysts polled by Reuters were expecting a 1.2 million-barrel rise. The U.S. Energy Information Administration reported an oil inventory build of 500,000 barrels for the week to …
Stocks slumped after Microsoft Corp. warned about a slowdown in sales, fueling concern that even stalwart of the technology industry is getting hit as the economy cools. Shares of the software giant tumbled more than 4%, putting the Nasdaq 100 on track for its worst rout in a month. Texas Instruments Inc., one of the …
Continue reading “Techs Knocked Down After Microsoft’s Reality Check”
S&P 500 could drop 17% in 2023 to test 3,200 level The hard part may still lie ahead, according to longtime stock market investor Jeremy Grantham. The legendary co-founder of Boston-based investment firm GMO argued in a Tuesday paper, cheerfully titled, “After a Timeout, Back to the Meat Grinder,” that “the first and easiest leg …
Microsoft Corp’s (MSFT.O) lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned its customers were cautious about spending in a turbulent economy. Microsoft, the second most valuable U.S. company, sounded a cautious note in its quarterly earnings report as a steep fall in client spending …
Continue reading “Microsoft reports Q2 EPS down 11% to $2.20”