HOUSTON—Exxon Mobil Corp. on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit from oil…
Exxon Signals Fourth Quarterly Profit in a Row Despite Charges
December 31, 2021
admin
Business & EconomyCompaniesEntertainmentExxonLocal NewsMobilOutlookprofitRegional-Local NewsTexasUSUS News
0 Comment
Delta Air Lines Expects Profit in 2022, Sees Limited Hit From Omicron
December 17, 2021
admin
AirBusiness & EconomyBusinesses in COVID-19CompaniesDeltaeconomyInternationalOmicronOutlookUSUS NewsWorld
0 Comment
Delta Air Lines Inc. said on Thursday it expects to post an annual profit in 2022, as strong domestic holiday bookings helped power its fourth quarter earnings despite fears around the Omicron coronavirus variant. The U.S. airline, however, said Omicron had slowed international bookings as many countries imposed new travel restrictions since the strain was…
OECD Says Inflation Is Main Risk to Economic Outlook
December 1, 2021
admin
ArchivedAsia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeGold & CommoditiesinflationInternationalMarketsNewsOECDOutlookUSUS NewsWorld
0 Comment
PARIS—The main risk to an otherwise upbeat global economic outlook is that the current inflation spike proves longer and rises further than currently expected, the OECD said on Wednesday. Global growth is set to hit 5.6 percent this year before moderating to 4.5 percent in 2022 and 3.2 percent in 2023, the Organisation for Economic…
Apple Supplier Foxconn Cautious on 2022 Revenue Outlook
November 12, 2021
admin
appleAsia & PacificBusiness & EconomyBusinesses in COVID-19CompaniesEconomiesFoxconnMedia & Big TechOutlookrevenuesupplierTechTech NewsWorld
0 Comment
TAIPEI—Apple supplier Foxconn forecast on Friday that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, including smartphones, would fall more than 15 percent. Chairman Liu Young-way said during a conference call that Foxconn was cautious about its 2022 revenue outlook, citing uncertainties surrounding the coronavirus…
Puma Raises Outlook Despite Supply Challenges
German sportswear company Puma increased its 2021 sales outlook on Wednesday even as it highlighted supply-chain pressures from a coronavirus lockdown in Vietnam, port congestion, and container shortages. Emer McCarthy reports. German sportswear giant Puma increased its 2021 sales outlook on Wednesday (Oct. 27) despite lingering supply-chain pressures. Factories in Vietnam, a major supplier to…
Germany Cuts 2021 Growth Outlook as Supply Problems, Energy Prices Bite
BERLIN—The German government on Wednesday cut its growth forecast for this year to 2.6 percent but raised its estimate for next year to 4.1 percent as supply bottlenecks for semiconductors and rising energy costs delay the recovery in Europe’s largest economy. Confirming an earlier Reuters report, Economy Minister Peter Altmaier said the economy remained robust…
Industrial Giant 3M Lowers Profit Outlook on Supply Chain Woes
3M Co. cut its full-year earnings forecast on Tuesday, as the diversified manufacturer battles rising inflation, supply chain bottlenecks, and higher commodity prices. While demand for goods has rebounded with massive stimulus and the reopening of economies, a labor shortage and soaring raw material prices have left U.S. manufacturers in the lurch. Shares of 3M,…
J&J Keeps Vaccine Sales Outlook Unchanged After Third-Quarter Miss
October 19, 2021
admin
Business & EconomyCCP VirusCompanieseconomyJohnson JohnsonMarketsOutlookquartersalesUSUS NewsVaccineVaccines & Safety
0 Comment
Johnson & Johnson on Tuesday reported lower-than- expected quarterly revenue after sales of its COVID-19 vaccine missed Wall Street estimates following a string of production setbacks. The New Brunswick, New Jersey-based company maintained its 2021 sales goal of $2.5 billion from the vaccine, and said it recorded $766 million in sales of the shot in…
ECB’s Brain Trust Spars Over Inflation Outlook
FRANKFURT—The European Central Bank’s two leading economic thinkers sparred on Thursday over how likely it was for the recent, sharp rise in euro zone inflation to become permanent. Philip Lane and Isabel Schnabel, who lead the economic debate on the ECB’s board, both repeated the ECB’s official line that the spike in price growth would…
Salesforce Raises Full-Year Revenue Outlook on Hybrid Work Boost
September 23, 2021
admin
Business & EconomyCompanieseconomyhybridLocal NewsOutlookRegional-Local NewsrevenueSalesforceSouthern CaliforniaTechTech NewsUSUS News
0 Comment
Salesforce.com Inc. on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software. Shares of the company were up 2.4 percent at $265.4 in premarket trading. The business software maker’s revenue has gone from strength to strength over the past year, with the rise of automation…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`