Apple earnings, Federal Reserve meeting drive stocks in the week ahead

January’s market rally faces a major test in the week ahead from multiple major events, the most important of which could be the Federal Reserve’s interest rate announcement and press conference. The Fed’s meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting … Read more

Energy giants to smash annual profit records

U.S. President Joe Biden has previously singled out Exxon Mobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and gas companies are poised to report record annual profits, raking in extraordinary revenues following a year of volatile fossil fuel prices amid Russia’s onslaught in … Read more

Chevron, Tesla, Seagate Technology, United Rentals and more

Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for … Read more

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

The Nasdaq Composite rose Thursday as fourth-quarter gross domestic product came in above expectations, and investors parsed through the latest batch of corporate earnings. The tech-heavy index jumped 0.9%, while the Dow Jones Industrial Average traded flat. The S&P 500 rose 0.45%. GDP data released Thursday showed the economy expand at an annualized rate of … Read more

Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell. Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue … Read more

Chevron announces $75 billion stock buyback, dividend boost

Chevron last month reported its second-highest quarterly profit ever. Justin Sullivan | Getty Images News | Getty Images Energy giant Chevron announced a $75 billion stock buyback program and a dividend hike on Wednesday evening. Shares of Chevron were up more than 2% in extended trading. The buyback program will become effective on April 1, … Read more

Earnings could keep the market on edge in week ahead as investors wait for Fed

Earnings news will keep investors busy and markets volatile in the coming week, as the Federal Reserve’s next rate hike gets closer. A diverse group of more than 80 S & P 500 companies report including industrials, like Boeing and transports, like Union Pacific , CSX and Southwest Air . Big tech is also starting … Read more

Traders who bet against stocks made a killing in 2022, as short sellers netted $300 billion

Traders on the floor of the NYSE, June 24, 2022. Source: NYSE Traders who shorted stocks won big in 2022, according to S3 Partners. Shorted stocks had a return of 30.8% in 2022, said Ihor Dusaniwsky, the firm’s managing director of predictive analytics. That means short sellers outperformed the broader market, which suffered its biggest … Read more

Wages too high, China Covid ease

My top 10 things to watch Tuesday, Jan. 3, 2023 1. Employment number Friday. Federal Reserve should move if we don’t get above 4% unemployment and wages don’t fall. Wage inflation seems to be the only thing that matters to central bankers. The Homestretch, our new audio feature to get you ready for the final … Read more

Market’s most political stocks had a bad year. They’ll be back in 2023

Rawpixel | iStock | Getty Images You could be excused for thinking, after months of headlines about “woke capitalism” and big stock market declines, that socially-conscious investing was on the run, dogged by hostility from politicians who think that focusing on corporate governance and environmental impact means burning retirees’ money to push an agenda other … Read more