Adani Group Chairman and Founder Gautam Adani at the News18 Rising India Summit on February 25, 2019 in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a fortune of $113 billion, according to the Bloomberg Billionaires Index. Hindustan Times | Hindustan Times … Read more
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures linked to the Dow Industrial Average fell 42 points, or … Read more
Check out the companies making headlines during midday trading. Seagate technology — Shares of the data storage company rose more than 10% in a day after Seagate posted top and bottom line beats for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenues of $1.89 billion. Analysts were expecting earnings … Read more
The Nasdaq Composite rose Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest string of corporate earnings. The tech-heavy index rose 0.9%, while the Dow Jones Industrial Average traded flat. The S&P 500 rose 0.45%. GDP data released Thursday shows the economy grew at an annualized rate of 2.9% in the … Read more
The US economy ended 2022 in solid shape, even as questions remain whether growth will turn negative in the coming year. Fourth-quarter gross domestic product, the sum of all goods and services produced from October to December, rose 2.9% year-over-year, the U.S. Commerce Department reported Thursday. Economists polled by Dow Jones had expected a reading … Read more
American Airlines employees assist with passenger check-in at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images US airlinesFourth-quarter earnings beat analysts’ expectations as strong travel demand and high fares supported results during a turbulent holiday season. Shares of American rose about 2% in premarket trading Thursday. … Read more
Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida. Paul Hennessey | Anadolu Agency | Getty Images Southwest airlines lost $220 million in the fourth quarter, as the carrier’s vacation collapse drove up costs and cost millions in … Read more
The CEO of Toyota will step down from his position on April 1 Toyota Motor Corporation’s President and Chief Executive Akio Toyoda will step down on April 1 to be replaced by current Chief Branding Officer Koji Sato, the Japanese automaker said. Toyoda will become the new chairman of the board of directors, while current … Read more
CNBC’s Jim Cramer told investors Wednesday that diversification remains key to maintaining a successful portfolio. “I can’t say that a diversified portfolio is bulletproof. But I can say that it makes it easier to stay in the game when a particularly popular group is put through the meat grinder,” he said. The Nasdaq Composite and … Read more
