[ad_1] © Reuters. FILE LOGO: Maersk’s logo is seen on top of a building at Zona Franca in Barcelona, Spain, November 3, 2022. REUTERS/Albert Gea By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it … Read more
[ad_1] © Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.38% Investing.com – U.S. stocks were lower after the close on Friday, as losses in the , and sectors led shares lower. At the close in NYSE, the fell 0.38%, while the index lost 1.04%, and the index fell 1.59%. … Read more
[ad_1] 400tmax U.S. stocks edged lower on Thursday, weighed by big technology stocks and a surprisingly strong jobs report that fanned fears that the Federal Reserve could stick to keeping rates elevated. Amazon (AMZN) and Alphabet (GOOG) (GOOGL) dragged the tech-heavy Nasdaq Composite (COMP.IND) after disappointing earnings, with the index dropping 1.5%. The S&P 500 … Read more
[ad_1] © Reuters Gilead Sciences shares gain after topping expectations despite lower remdesivir sales By Sam Boughedda Gilead Sciences (NASDAQ:) shares rallied in early Friday trading in reaction to the company’s latest earnings report, which saw it beat top and bottom-line consensus expectations. The biopharmaceutical company posted fourth-quarter of $1.67 per share, $0.17 above the … Read more
[ad_1] Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5 billion, first-quarter revenues were down 12% from the prior-year quarter. Both the QCT and QTL segment revenues declined by double digits. Net income was … Read more
[ad_1] 400tmax/iStock Unreleased via Getty Images Amazon.com Inc. (NASDAQ:AMZN) stock wavered in Thursday’s extended trading as the market digested a mixed Q4 earnings report. Headlining the quarterly results was a big revenue beat, with $149.2B in revenue exceeding analyst estimates by $3.43B. However, AWS sales came in slightly slower than already tempered estimates, hitting $21.38B … Read more
[ad_1] © Reuters. FILE PHOTO: Workers plug in an electric Ford Mustang Mach-e electric vehicle during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble/File Photo/File Photo By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker … Read more
[ad_1] © Reuters. By Barani Krishnan Investing.com — Utilities drew a higher-than-forecast 151 bcf, or billion cubic feet, from U.S. for heating and electricity generation last week, according to government data that helped the market settled above 22-month lows. Analysts tracked by Investing.com had expected the EIA, or Energy Information Administration, to report a draw … Read more
