Nearly 1,000 flights within, to and from the United States were canceled on Tuesday as an ice storm swept through parts of the South. The storm was concentrated in the Dallas-Fort Worth metro area, leaving the region hardest hit by travel issues, with 288 flights canceled at Dallas-Fort Worth International Airport, according to flight tracking … Read more
New York CNN — General Motors reported much stronger-than-expected fourth-quarter earnings, lifting annual results to record highs for the second year in a row. The largest U.S. automaker also announced on Tuesday that it is buying a $650 million stake in Lithium Americas, which will give it access to the raw material needed to build … Read more
Payroll costs rose at a slower than expected pace in the fourth quarter, indicating that inflationary pressures on business owners are at least stabilizing. The employment cost index, a barometer the Federal Reserve closely monitors for signs of inflation, rose 1% between October and December, the Labor Department reported Tuesday. That was slightly below the … Read more
Nathan Stirk | Getty Images News | Getty Images Find out which companies are making headlines before the bell. McDonald’s — Shares fell more than 1% after McDonald’s released its latest quarterly results. The fast-food giant beat revenue and earnings estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he … Read more
Exxon Mobil (XOM) released mixed financial results for the fourth quarter on Tuesday, beating earnings estimates but missing revenue views. The energy giant, fueled by a “favorable market”, announced record profits in 2022 and its highest annual revenue since 2013. Exxon Mobil shares fell slightly on Tuesday. X XOM Stocks: Earnings Estimates: Analysts had forecast … Read more
The loss in 2022 exceeds the previous record of 2008 Inflation and geopolitical tensions remain risk factors Oil and gas industry record silver entry OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of the world’s biggest investors, posted a record loss of 1.640 billion crowns ($164.4 billion) for 2022, ending a three-year streak of … Read more
London CNN — The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue to weigh on activity. But economists are more optimistic than they were a few months ago. The International Monetary Fund said on Monday it now expects global growth to slow from 3.4% in 2022 to … Read more
The latest eurozone growth figures are out as the ECB ponders what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by posting positive growth in the last quarter of 2022 and easing fears of a possible regional recession. Preliminary Eurostat data released on Tuesday showed the euro … Read more
Attendees line up under a large LED display of smart home products to enter the Samsung Electronics booth, during the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2023. Patrick T. Fallon | AFP | Getty Images Semiconductor stocks in Asia fell as South Korean chip giant Samsung Electronics suffered its worst … Read more
Mary Barra, CEO, GM at NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is expected to release its fourth quarter results before the bell on Tuesday. Here’s what Wall Street expects, according to consensus estimates from Refinitiv: Adjusted earnings per share: $1.69 Returned: $40.65 billion In November, GM tightened its projected range for … Read more
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