Exxon Mobil Corp posted $59 billion in adjusted profit for 2022, the company said on Tuesday, taking home more than $6.7 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.
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?
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
Lucid shares fall after initially rising on talks of a possible buyout from the Saudi Arabian Investment Fund.
UPS topped Street forecasts for its fourth quarter earnings, but a slump in international deliveries kept revenue gain in check.
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 legendary investor remains highly bearish. And for good reason.
Yahoo Finance Live’s Rachelle Akuffo discusses the decline in stock for Alibaba following rumors that the e-commerce company is moving its headquarters to Singapore, despite the company denying reports.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Chevron's giant $36.5 billion 2022 profit turned heads — including at the White House. But plenty of S&P 500 companies will make even more than the oil giant.
Costco has a tremendously loyal customer base with an over 90% membership renewal rate worldwide and an even higher rate in the United States (92.5%) in its most recent quarter. Currently, Costco charges $60 for a Gold Star membership and $120 for an Executive membership. Executive members have been rising in importance for the company.
Buy and hold forever? Not always.
Investors are likely to be disappointed when the Fed hikes rates again this week, probably ending a surprisingly strong rally in the U.S. stock market.
The Street’s experts build their reputations by the quality of their market and stock assessments, and they’re coming out in force now to give their interpretations of the strong start we’ve seen in 2023. The S&P 500 index is up 5%, while the teach-heavy Nasdaq has gained nearly 10%. It’s a welcome reprieve from last year’s downward trends; the question is, will it hold? Watching the situation from investment firm Evercore ISI, strategist Julian Emanuel has his doubts. He’s recommending that inv
While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices are low. This doesn’t necessarily mean low in absolute dollar terms, but low relative to a stock’s recent past performance. In recognizing that lower price range, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking out stocks that are in their lower price r
Here is how Nikola (NKLA) and Paccar (PCAR) have performed compared to their sector so far this year.
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 […]
Yahoo Finance Live’s Dave Briggs looks ahead to Snap’s earnings report due out tomorrow afternoon.
Caterpillar, General Motors, Exxon Mobil, Pfizer, United Parcel Service, and McDonald's are scheduled to report quarterly earnings Tuesday.