Companies, markets and the economy
Equity investors are meting out some of the harshest punishments ever for companies that miss expectations, just as strategists sound the alarm that earnings growth has likely peaked.
The news is a blow to the German chemical company’s attempts to challenge rivals from Asia and the Middle East.
The pharmaceutical company boosted its profit outlook for the year, and raised its quarterly dividend as both third-quarter results and full-year guidance came in above expectations.
Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic product increased by 0.4% over the quarter before
The German automaker said it will temporarily pause development until it can securely accommodate the necessary investments.
Plus, federal debt hits 100% of GDP.
Plus: Trump administration promised tariff relief in talks to secure U.S. Audi factory and Cleveland-Cliffs to retain Stelco amid jobs dispute with Canadian government.
It wasn't immediately clear the extent of the damage hackers might have been able to cause, and Binance had not explicitly confirmed that funds had been pilfered. The company said its teams are "working around the clock" to resolve the issue.
Wall Street will be looking to bounce back after a very tough day for tech companies on Thursday that saw shares of Amazon, Intel and Google’s parent company Alphabet plummet. It comes as the crypto industry suffered the biggest heist in history with hackers making off with nearly $6 billion in cryptocurrency. NBC’s Brian Cheung reports for TODAY.
Plus, port employers near deal to delay strike threat, and surging chip demand drives up prices.
Anthropic gave a 94-page list of risk factors in its S-1 this week. Two of them stood out.
Wall Street expects Democrats to win at least one of the houses of Congress in the US midterm elections on Tuesday, setting the stage for a potentially volatile ride in the stock and bond markets with artificial intelligence oversight, defense spending and crypto legislation on the table.
BP’s profit almost quadrupled and cash flow jumped in the third quarter, enabling the British energy major to cut net debt faster than expected.
ExxonMobil and Chevron posted blockbuster earnings for the third quarter as the world turned to U.S. refineries for fuel.
Ukraine has ended a pause on Russian refinery attacks and Binance probes what may be the biggest-ever crypto heist.
Harris poll for Guardian finds 76% believe officials care more about self-enrichment than helping everyday Americans Government corruption has emerged as a top issue in the upcoming US midterm elections, with an overwhelming majority of Americans saying US government officials use their public office for personal financial gain, according to an exclusive Harris poll for the Guardian. Nearly nine out of 10 Americans said that government corruption, as defined as elected officials putting their own or their donors’ financial interests ahead of the public’s, is a problem, according to the survey. Continue reading...
