Energy giants set to break annual profit records

Energy giants set to break annual profit records

US President Joe Biden previously pointed the finger at Exxon Mobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s biggest oil and gas companies are poised to report record annual profits, raking in extraordinary revenues after a year of volatile fossil fuel prices amid Russia’s assault … Read more

Israeli airstrikes hit Gaza, escalating fears after Jenin raid | Israelo-Palestinian conflict

Israeli airstrikes hit Gaza, escalating fears after Jenin raid |  Israelo-Palestinian conflict

Israel launched several airstrikes on the blockaded Gaza Strip a day after Israeli forces killed nine Palestinians – including an elderly woman – in the Jenin refugee camp, marking one of the deadliest raids in the occupied West Bank. the Israeli army for years. Local sources in Gaza told Al Jazeera that Israeli warplanes hit … Read more

Stock futures fall after Dow posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Stock futures fall after Dow Jones posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Wagner Group: the United States introduces new sanctions against a group of Russian mercenaries

Wagner Group: the United States introduces new sanctions against a group of Russian mercenaries

CNN — The US Treasury Department on Thursday designated the Wagner Group, a private Russian mercenary organization heavily involved in the war in Ukraine, as a major transnational criminal organization, and imposed a series of sanctions on a transnational network that supports it. The US State Department simultaneously announced a number of sanctions intended to … Read more

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

The Nasdaq Composite rose on Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest batch of corporate earnings. The tech-heavy index jumped 1.2%, while the Dow Jones Industrial Average traded 104 points, or 0.3%, higher. The S&P 500 rose 0.6%. GDP data released Thursday showed the economy grew at an annualized … Read more

GDP for the fourth quarter of 2022: what economists expect

GDP for the fourth quarter of 2022: what economists expect

Economic growth is expected to have slowed slightly in the fourth quarter, but remained solid, driven by strong consumption. Economists will carefully study Thursday’s U.S. gross domestic product report for signs of real consumer strength or weakness at the end of 2022. Retail sales suggest spending fell sharply at the end of 2022. the year. … Read more

Asia-Pacific Markets, Trade Data, Bank of Japan

Asia-Pacific Markets, Trade Data, Bank of Japan

Hyundai posts bumper fourth-quarter earnings Hyundai Motor reported net profit of 1.71 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a 143.8 percent year-on-year increase. Despite the strong results, the reading was still shy of Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of … Read more

McDonald’s, In-N-Out and Chipotle are spending millions to block employee raises

McDonald’s, In-N-Out and Chipotle are spending millions to block employee raises

New York CNN — California voters will decide next year on a referendum that could overturn a landmark new law setting working conditions and minimum wages of up to $22 an hour for fast-food workers in the world’s largest state. country. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC owner Yum! The brands have each … Read more

Tesla’s price cuts could spark an EV price war

Tesla’s price cuts could spark an EV price war

A Tesla showroom is seen in the City Center mall on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — You’re here vehicles in the United States are seeing major price cuts, and that’s proving to be a double-edged sword for the electric car maker and the auto industry as a … Read more