McDonald's Stock Slides Despite Earnings Beat As Price Hikes Outflank Industry Trend
McDonald's stock slipped premarket Tuesday. The Dow Jones fast food giant beat expectations for Q4 results even as sales slipped.
McDonald's stock slipped premarket Tuesday. The Dow Jones fast food giant beat expectations for Q4 results even as sales slipped.
As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.
As beleaguered First Republic Bank considers its options, Treasury Secretary Janet Yellen said on Wednesday there is no discussion on insurance for all deposits, making a "bull case" scenario more difficult for the stock. First Republic, whose shares have lost much of their value since the banking crisis started in the U.S. on March 8, is among the banks speaking to peers and investment firms about potential deals in the wake of U.S. regulators taking over Silicon Valley Bank and Signature Bank this month following bank runs. Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares, which dropped 15.5% to end at $13.33 on Wednesday.
The market's bubble has now "burst," and will impact "everything everywhere all at once" in the U.S. economy, economists Stephanie Pomboy and Art Laffer argue.
The major indexes fell sharply despite the Fed signaling just one more rate hike. Apple and other titans have masked weak market breadth in recent weeks.
The National Highway Traffic Safety Administration has revealed the root cause of the battery fires that halted Ford F-150 Lightning production.
The legendary investor published a chart which quantifies the uninsured clients and unrealized capital losses for major regional banks.
The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
Wolfe Research analyst Nigel Coe took a look at what GE Aerospace and GE Vernova will be worth on a stand-alone basis. GE Vernova, GE's power generation businesses, are due to be spun out in early 2024.
The Federal Reserve raised interest rates by another 0.25% on Wednesday as the central bank works to bring down elevated inflation while also grappling with the fallout from a global banking crisis and resulting market shocks.
Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.
Work at home? Work at the office? It makes no difference, according to a Gallup poll.
U.S. stocks moved higher Wednesday after the Federal Reserve raised interest rates by quarter percentage point amid a fast-moving banking crisis.
WASHINGTON (Reuters) -Boeing Co. will take additional charges to the KC-46 tanker program due to a supplier quality issue with the center fuel tank, the company's finance chief said Wednesday. Boeing Chief Financial Officer Brian West did not disclose the precise value of the additional charges, which will be announced as part of the company's first quarter earnings, but margins at Boeing's defense business would be negative as a result. While 767 freighter deliveries "will recover in the second quarter," tanker deliveries will take longer "but we will recover the year," West said at the Bank of America Global Industrials Conference, adding that the issue would not impact Boeing's annual cash flow target of $3 billion to $5 billion in 2023.
JPMorgan's 2008 rescues ended up costing the bank $19 billion.
The regional bank says it's not facing a bank run as investors fear risk of contagion after Silicon Valley Bank collapse.
You're in a race against time and your dream retirement awaits at the finish line.
After January’s stock rally, the story in the markets for the past two months has been volatility. Stocks were on a seesaw even before the recent SVB crash, and the banking woes of the last two weeks have simply exacerbated the up and down swings. The increased uncertainty in the market conditions has put a premium on data analysis, the ability to collect and decipher the mass of information generated by Wall Street’s aggregated trading activity. Fortunately, there are already experts out there
It's the second scandal involving fake nickel in as many months.
Here are key takeaways from the Federal Reserve's interest-rate decision and statement on Wednesday: Federal Open Market Committee votes unanimously to raise benchmark rate by 25 basis points, as forecast, to target range of 4.75%-5%; second straight hike of that size following December's 50 basis-point hike and the four straight 75 basis-point moves before that “Dot plot” of rate forecasts shows 5.1% median estimate for end-2023, unchanged from last update in December; end-2024 projection rises