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Avis Budget Net Income Soars On Travel Rebound

Aug 2, 2022
Scott Peters
Avis Budget reported a sharp jump in its latest quarterly earnings and revenues as the rental car company expanded its fleet of available vehicles.

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Global Markets On Edge After U.S. China Tensions Rise

Aug 2, 2022
Barry Adams
Global financial markets trended lower and bond yields rose after political tensions rose between the U.S. and China and the broadening of supply chain disruptions for advanced technology products.

U.S. Stocks Waver and Job Openings Dip to 9-month Low

Aug 2, 2022
Barry Adams
The S&P 500 and the Nasdaq indexes rebounded from morning losses after investors reviews the latest batch of earnings. The advertised job opening for workers fell to the lowest in June, a nine-month low.

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Stocks Turn Lower In Choppy Session

Aug 1, 2022
Barry Adams
Benchmark indexes struggled and the yield on the 10-year U.S. treasury notes dropped to a four-month low. European markets closed mixed after manufacturing activities shrank to a 25-month low.

Movers: Boeing, Check Point Software, Jacobs Engineering, PerkinElmer, Global Payments, Nio

Aug 1, 2022
Barry Adams
Boeing jumped on the expectations that the jet maker will resume deliveries of 787 Dreamliner soon. PerkinElmer agreed to sell its non-core assets. Global Payments reinforced its annual outlook. Chinese electric vehicle makers reported rising shipments in July.

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U.S. Stocks Lack Direction, Oil Drops 4%

Aug 1, 2022
Barry Adams
U.S. stocks struggled and manufacturing activities expanded for the 26th month in a row in July. Crude oil prices dropped. Investors await earnings from 1,200 companies this week.

3-day Rally Lifts S&P 500, Nasdaq to Best Monthly Gains in Two Years

Jul 29, 2022
Barry Adams
Investors looked beyond rate hike worries and economic slowdown and the latest data confirmed 4-decade high inflation last month. Exxon and Chevron posted record quarterly profits.



S&P 500 and Nasdaq Set for Best Month In Two Years

Jul 29, 2022
Barry Adams
Stocks extended rally on Wall Street and popular indexes are set to extend and weekly gains. The latest batch of earnings provided an additional impetus to the market advance despite a measure of inflation reaching a four-decade high in June.

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Stocks Extend Rally On Wall Street, Amazon Reports a Loss, Apple Net Falls 11%

Jul 28, 2022
Barry Adams
Benchmark indexes rallied for the second day in a row after investors looked beyond the latest GDP data. Intel posted a second quarter loss. Apple earnings fell 11% and the iPhone remains popular with customers. Amazon reported its second quarterly loss in a row.

Teladoc's Livongo Acquisition Impairment Charges Approach $10 Billion

Jul 28, 2022
Scott Peters
Teladoc, the virtual healthcare services provider, took another hefty charge linked to its large acquisition only two years ago and also lowered its quarterly and annual outlook.

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U.S. Stocks Turn Lower as Economy Falters

Jul 28, 2022
Barry Adams
Stocks rebounded from earlier losses after the second quarter GDP declined but at a slower pace. The second quarterly decline raised the prospect of a recession despite the strength in labor market and stable consumer spending.  

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Nasdaq Jumps 4% After Fed Rate Hike

Jul 27, 2022
Barry Adams
Stocks soared on Wall Street after the Federal Reserve lifted its key lending rate by a larger-than-expected 0.75 percentage point. Tech stocks led the advance ahead of the GDP data on Wednesday.

UPS Parcel Volume Decline On Higher Prices

Jul 27, 2022
Scott Peters
UPS said quarterly revenues increased despite the decline in domestic parcel volumes and the delivery company plans to lift its stock repurchase limit.

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Visa Results Improve On Rising Travel Activities

Jul 27, 2022
Scott Peters
Visa Inc said revenues and earnings improved as travel activities picked up and the payment processor continued its stock repurchase program.

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Stocks On Wall Street Rally Ahead of Rate Decision

Jul 27, 2022
Barry Adams
Benchmark indexes jumped more than 1% ahead of the rate decision supported by a barrage of generally positive corporate earnings.