Ryan Olohan was told there were "obviously too many white guys" on his management team.
Inflation made the headlines through most of last year, for all the worst reasons: it ran far too high, peaked above 9% in June, and the inflationary pressures pushed down hard on stock markets. The Fed jacked interest rates up their highest level in over a decade, risking recession to fight the rise in prices. Today, inflation is still in the headlines, although the tone has shifted. The annualized rate is trending downward; the December number came in at 6.5% year-over-year. While this is good
Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.
Lucid shares fall after initially rising on talks of a possible buyout from the Saudi Arabian Investment Fund.
AGNC Investment (AGNC) delivered earnings and revenue surprises of 10.45% and 91.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Today's video focuses on recent news impacting Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). The consumer market continues to be a massive headwind for these semiconductor giants, but is there some good news for the chip industry? Check out the short video to learn more, consider subscribing, and click the special offer link below.
McDonald's (MCD) posted its fourth quarter earnings results Tuesday before market open that beat analyst expectations.
The auto maker said strong results in North America helped offset weakness in China to lift its net profit during the October-to-December period to $2 billion.
Spotify reported fourth quarter financial results before the bell on Tuesday. Here's what to know.
Johns Hopkins University professor of applied economics Steve Hanke shares his outlook on the upcoming Federal Open Market Committee decision on interest rates and the current state of the money supply.
Adani and his companies are facing accusations of fraud from a New York short-seller, threatening the group's shares and his fortune.
The pharmaceutical company is bracing for a top-line dip. Pfizer said it expects Covid-19 vaccine sales to drop to $13.5 billion in 2023.
A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond.
Demand for construction and mining equipment as well as engines for transportation and energy generation stayed strong even as the company charged higher prices.
(Bloomberg) -- Universa Investments, the hedge fund advised by “The Black Swan” author Nassim Taleb, told clients that ballooning debts across the global economy are poised to wreak havoc on markets rivaling the Great Depression. Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointThe 'Big Shift' That's Finally Causing Ren
AT&T (NYSE: T) posted its fourth-quarter earnings report on Jan. 25. The telecom giant's revenue from continuing operations rose 1% year over year to $31.3 billion, but missed analysts' expectations by $70 million.
Plug Power Inc (NASDAQ: PLUG) has entered into a long-term strategic partnership with sustainable technologies provider Johnson Matthey Plc (OTC: JMPLF) (OTC: JMPLY) to boost the green hydrogen economy. JM will become an important supplier of MEA components, providing for Plug's demand for catalysts, membranes, and catalyst coated membranes (CCM). PLUG expects the partnership to strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers. The partnership will su
In this article, we will take a look at the 15 undervalued defensive stocks for 2023. You can skip this part and go to 5 Undervalued Defensive Stocks For 2023. Investors flocked to defensive stocks in 2022 amid recession fears and massive losses in the growth stocks space. Defensive stocks are favored by investors during […]
Lithium Americas Corp. (LAC) stock was up 9.2% in premarket trading Tuesday after it said General Motors Co. (GM) agreed to invest $650 million in the company to help develop Nevada’s Thacker Pass mine, the largest known lithium source in the U.S. Lithium Americas said the project would create 1,000 jobs in construction and 500 in operations. Lithium from Thacker Pass will be used in GM’s proprietary batteries for its EVs.
Dow Jones futures were lower early Tuesday ahead of the Federal Reserve's two-day meeting and big earnings from Amazon and Apple this week.