Bank of America to release fourth-quarter earnings
Bank of America's ( BAC) third-quarter earnings were 81 cents a share. Third-quarter revenue was $25.3 billion. Chief Executive Brian Moynihan said in October the results were "solid" with higher ...
BP to Cut 4,700 Internal, 3,000 Contract Roles, Says Bloomberg
-- British oil-and-gas giant BP will cut 4,700 internal roles and 3,000 contractor positions as part of cost cutting measures, Bloomberg reports, citing an email sent to employees by Chief Executive ...
Target's stock soars 3.7% as retailer raises guidance to reflect strong holiday sales
Target Corp.'s stock (TGT) soared 3.7% early Thursday, after the retailer released a holiday sales update and raised guidance for a key metric after record sales for both Black Friday and Cyber Monday ...
BP gave a bleak outlook. Now it's reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs. According to Bloomberg and Reuters and CNBC, which each cited a memo from ...
Bank of America's profit tops analyst estimate
Bank of America Corp.'s stock (BAC) rose 0.2% in premarket trading on Thursday after the financial giant giant's fourth-quarter earnings of 81 cents a share topped the FactSet consensus estimate of 77 ...
North American Morning Briefing: Stock Futures Gain as More Bank Earnings Loom
Stock futures rose modestly and bond yields stabilized on Thursday ahead of more bank earnings. Stocks and bonds rallied on Wednesday after new inflation data revived hopes of interest-rate cuts and a ...
North American Morning Briefing: Stock Futures -2-
US Bancorp (USB) is expected to report $1.05 for 4Q. UnitedHealth Group Inc (UNH) is expected to report $6.25 for 4Q. WaFd Inc (WAFD) is expected to report $0.65 for 1Q. Westamerica Bancorp (WABC) is ...
Exclusive: Cannabis groups combine to push for federal reforms under Trump
Bechtell is lined up to be chairman the U.S. Cannabis Roundtable, with backing from the "big five" legal U.S. cannabis multi-state operators including Cresco Labs, Verano Holdings Corp. (VRNOF), ...
UnitedHealth's stock falls as profit beats but revenue comes up short
Overall, analysts tracked by FactSet expect UnitedHealth to post $101.6 billion in revenue, up from $94.4 billion a year prior. Analysts also model $6.73 in adjusted earnings per share, up from $6.16 ...
Richemont stock is surging by the most it's ever done in one day. Other luxury plays are jumping too.
Bank of America separately published its year-ahead outlook for the luxury sector in which it upgraded LVMH, Richemont and Zegna (ZGN) to buy, downgraded Brunello Cucinelli (IT:BC) and Pandora ...
European Midday Briefing: Luxury Stocks Soar -2-
WASHINGTON-House Speaker Mike Johnson (R., La.) abruptly removed the chairman of the committee responsible for overseeing the nation's intelligence agencies, making the move with the backing of ...
Most mutual funds don't beat the market - but what's 'the market' anyway?
Consider the nearly 3,900 actively managed U.S. equity mutual funds and exchange-traded funds tracked by investment researcher Morningstar. In calendar 2024, just 13.2% of these investments beat the S ...