U.S. stocks are back in wait-and-see mode Tuesday ahead of key tech earning from Microsoft and Google after the close of trading. U.S. equity futures edge lower Tuesday, with the dollar holding gains against its Read more…
Frito Lay sales growth once gain drove PepsiCo’s revenue gains despite CEO Mike Roman seeing “higher than expected input cost inflation for the balance of 2022.” PepsiCo (PEP) – Get PepsiCo, Inc. Report posted better-than-expected first Read more…
Rising interest rates tend to hurt growth stocks, and more specifically tech stocks due to their high price to earnings ratios and low dividend payments. However, across the last five rate hike cycles, the Nasdaq Read more…
“In response to feedback from our shareholders, starting in the first quarter we are reporting adjusted earnings to exclude costs for significant litigation,” said CEO Mike Roman. 3M Co. (MMM) – Get 3M Company Report posted Read more…
EURJPY’s fresh pullback from a multi-year high has yet to eliminate all bets that the one-and-a-half-month ascent could rejuvenate from the 136.30 barrier, which is the 23.6% Fibonacci retracement level of the rally from the Read more…
Following Gold, the uptrend formed in early December is also breaking in oil. Intraday on Monday, the WTI price lost more than 6%, recovering about half of the decline on some return of risk appetite Read more…
“We’re holding the outlook range we shared in January, but as we continue to work through inflation and other evolving pressures, we’re currently trending toward the low end of the range,” said CEO Larry Culp. Read more…
“The agility of our network and the continued execution of our strategy, putting us on our way to achieving our 2022 consolidated financial targets,” said CEO Carol Tomé. United Parcel Service (UPS) – Get United Read more…
Stock futures edge lower ahead of busy earnings slate; Twitter shares edge higher amid key questions on Musk’s take-private future; HSBC shares tumble as Asia-focused bank books credit losses, pauses buybacks; Microsoft earnings to highlight Read more…
ECB Governing Council member Martins Kazaks said “a rate rise in July is possible and reasonable” and “ending the Asset Purchases Programme in early July is appropriate,” “Markets are pricing two or three 25 basis Read more…