Login
Breaking News
Speedy   John Wiley   Jabil   Lennar Corp   RH Corp   Adobe   Oxford Ind   Oracle   Dave & Buster  

S&P 500 and Nasdaq Soar 2% as Inflation Cools

Aug 10, 2022
Barry Adams
Stocks on Wall Street surged after consumer inflation eased but stayed near four-decade high. The decline in gasoline prices in the month was wiped out by the rise in food and housing costs.

Inflation Hovered Near 4-decade High Despite Fall In Energy Prices

Aug 10, 2022
Brian Turner
Consumer prices remained high but the growth moderated after energy prices eased in July. Core index, which excludes food and energy prices, rose on a monthly and annual basis.

Norwegian Cruise Line Guides Slower Recovery In Bookings

Aug 9, 2022
Scott Peters
Norwegian Cruise said second quarter loss narrowed and cash flow improved in the later part of the quarter but bookings to the 2019 levels are not expected to rebound till the next year.

NCLH

U.S. and Europe Market Indexes Fall, Micron Tech Warning Weighs On Tech Stocks

Aug 9, 2022
Barry Adams
Stocks on Wall Street declined on mixed corporate results and semiconductor chipmakers are facing demand slowdown beyond consumer electronics.

Nasdaq Extends 3-day Losses After Chip Stocks Fall

Aug 9, 2022
Barry Adams
The Nasdaq Composite index fell for the third day in a row. Semiconductor sector led the decliners on weak demand for memory chips and high-end graphic processors.

U.S. Stocks, Oil, Yields Ease, Record Trade Surplus In China

Aug 8, 2022
Barry Adams
Benchmark indexes gave up morning gains following three weeks of rise in a row. Crude oil traded volatile after a fire at Cuba's central fuel storage engulfed a third large tank on Monday.

Berkshire Operating Income Surges 37%

Aug 8, 2022
Scott Peters
Berkshire Hathaway said second quarter operating income rose 37% on the rising insurance-investment income. GAAP-based net income declined on the losses in investment portfolio.



Movers: AMC Ent, Barrick Gold, Berkshire Hathaway, Bed Bath & Beyond, BioNtech, NVIDIA, Palantir

Aug 8, 2022
Barry Adams
Berkshire Hathaway swung to a quarterly loss on but earnings soared on rising insurance-investment income. Barrick Gold said gold production was stable but copper production rose in the second quarter. Nvidia plunged after missing its revenue outlook.

AMC BNTX PLTR BBBY NVDA

Stocks On Wall Street Rest Ahead of Inflation Report

Aug 8, 2022
Barry Adams
Stocks on Wall Street rested after advancing for three weeks in a row. Tech stocks fell after Nvidia reported a large shortfall in revenues. Investors looked ahead to the inflation report on Wednesday.

Asian Markets Advance, U.S.-China Tensions Simmer

Aug 8, 2022
Arjun Pandit
The Nikkei index in Japan closed higher following the advance in Friday's trading in New York. Tech stocks in China fell but indexes in Shanghai advanced . China's exports soared 18% despite the supply chain disruptions.

U.S. and Global Markets Turn Cautious On Rate Hike Worries

Aug 5, 2022
Barry Adams
U.S. and global market indexes turned cautious after the latest U.S. labor market report. Strong job additions in July showed the labor market strength but also advanced the case for a higher and faster interest rate increases.

Lyft Loss Expands as Active Rider Base Growth Slows

Aug 5, 2022
Scott Peters
Lyft said second quarter revenues rose but active rider base growth slowed and the loss in the period expanded.

LYFT

DoorDash Revenues Rise 30%

Aug 5, 2022
Scott Peters
DoorDash said second quarter revenues and gross order volumes rose on the expansion of merchants and customers on the platform. However, the net loss continues to widen as the quarterly revenue growth slows.

Expedia Bookings and Revenues Soar

Aug 5, 2022
Scott Peters
Expedia said gross bookings soared 26% in the second quarter with bookings for lodging surging 57% and air tickets surging 22% as travel activities pick up.

EXPE


Strong Labor Market Recovery In July Lifted Bond Yields, Stocks Meander

Aug 5, 2022
Barry Adams
Stocks rebounded from the lows of the session and bond yields rose after the payrolls expanded at a faster pace in four months. The labor market strength raised the prospect of a larger rate increase at the next Fed's meeting.