Month: January 2020

Exxon earned $5.69 billion in the fourth quarter, down from $6 billion in the same period as weakness in the company’s chemicals and downstream divisions, as well as consistently lower oil prices pressured profits. The company’s quarter was boosted by one-time events, including a $3.7 billion gain from Exxon’s Norway divestment. Excluding these items, profit
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Kobe Bryant, the investor, could have one day found more success than Kobe Bryant, the basketball player, billionaire entrepreneur and Philadelphia 76ers partner Michael Rubin told CNBC on Friday. “What made him successful on the court, that absolutely working harder than anybody else, is the same thing I saw from him in business,” said Rubin, executive chairman of
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Home concept,Businessmen holding home keys krisanapong detraphiphat Many people entering the traditional home-buying years already have debt – student loans, of course. And those loans can make landing in a new house trickier. “Although many Americans have student loans, mortgage companies will still evaluate these outstanding debts while making their decision to approve or deny
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Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. CEO
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This is a live blog. Please check back for updates. All times below in Beijing time. 2:05 pm: The latest on airlines suspending China flights These are the airlines which have suspended all flights to China amid the outbreak: Air France (Until Feb. 9), British Airways (until end February), Air Seoul, Egyptair, Lion Air, Lufthansa (till
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Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Check out the companies making headlines after the bell: Amazon – The e-commerce giant’s stock surged more than 10% in extended trading after the company reported better-than-expected results for the fourth quarter. Amazon reported earnings of $6.47 per share on revenue of $87.44 billion, while analysts
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Shares of Amazon climbed as much as 11.8% in extended trading on Thursday after smashing earnings expectations for the fourth quarter. The company’s market cap surged above $1 trillion after hours on the back of the powerhouse earnings report. In doing so, it joined Apple, Alphabet and Microsoft, which have all crossed the trillion-dollar threshold.  Here are the
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Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 billion on Thursday as the company’s stock rocketed higher after its better-than-expected earnings report. Tesla finished Thursday’s session up 10.3% at $640.81 per share, meaning short sellers betting against the stock lost in excess of $1.5 billion in mark-to-market losses on the
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Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon’s relentless effort to get orders to your doorstep more quickly is likely to drag down profit numbers when the company reports fourth-quarter results on
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Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City. Johannes Eisele | AFP | Getty Images Dow Jones Industrial Average rises 124 points The Dow climbed 124.99 points, or 0.43%, to end the day at 28,859.44. The S&P 500 rose
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Tesla CEO Elon Musk doesn’t have a lot of love for Wall Street — a fact he often mentions, including on earnings conference calls. To begin with, Musk’s company hosts an nontraditional quarterly call with shareholders: After making a short statement about Tesla’s results, he then fields questions from anonymous retail investors — with Wall
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A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca-Cola on Thursday reported quarterly revenue that topped analysts’ expectations as new products under its namesake brand boosted sales. Shares of the company, which has a market value of $247 billion,
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