Is retirement saving reaching a crisis? Doomsayers would have you believe so. So let’s look at the facts closely and thoroughly. We are not facing a retirement crisis right now. The recent study claims that “painting an image of a catastrophe is false and leads to unwarranted government action.” According to the survey, less than…
Goldman Sachs Profit Misses Estimates on Weak Equity Trading
Goldman Sachs Group Inc.’s profit fell nearly 13 percent and missed expectations on Tuesday as a less volatile equity market hurt trading business and dampened a bumper year for deals, sending the shares of Wall Street’s premier investment bank down 4 percent. Bank earnings have been hurt this quarter by weak trading volumes as the…
European Shares Edge Higher Ahead of Earnings; China Adds Stimulus
LONDON—European shares recovered from Friday’s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations. China’s central…
JPMorgan Shares Fall as Mixed Outlook Sours Profit Beat
JPMorgan Chase & Co. posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6 percent as analysts expressed disappointment over its forecasts for future profitability. The country’s largest bank warned that its return on tangible capital equity (ROTCE), a key metric which measures how well a bank uses…
Delta Air Warns of Loss in Current Quarter on Omicron Turbulence
January 13, 2022
admin
AirBusiness & EconomyBusinesses in COVID-19CompaniesDeltaearningseconomyMarketsOmicronstocksUSUS News
0 Comment
CHICAGO—Delta Air Lines Inc. on Thursday reported higher quarterly earnings on the back of strong holiday travel demand, but warned of a loss in the quarter through March due to turbulence caused by the Omicron coronavirus variant. “Despite expectations for a loss in the March quarter, we remain positioned to generate a healthy profit in…
Moderna Stock Tumbles on Earnings Miss and Lower COVID-19 Vaccine Sales Forecast
November 4, 2021
admin
Business & EconomyCCP VirusCompaniesCOVID-19 vaccineearningsMarketsModernaUSUS NewsVaccines & SafetyWorld
0 Comment
Moderna shares fell by more than 17 percent in early trading Thursday after the company slashed its COVID-19 vaccine sales forecast for 2021 by up to $5 billion and announced lower-than-expected third-quarter revenues and profits. In an earnings announcement (pdf), released Nov. 4, Moderna reported total third-quarter revenue of $5 billion. While that was well…
S&P, Nasdaq Futures Scale New Heights on Earnings Boost
November 4, 2021
admin
BoostBusiness & EconomyCompaniesearningsEconomieseconomyfuturesInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsUSUS News
0 Comment
The S&P 500 and Nasdaq futures were at record highs on Thursday, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve’s first steps to begin paring its pandemic-era support. Shares of Qualcomm Inc. jumped 8.1 percent in pre-market trade after the chipmaker forecast better-than-expected profit and revenue…
Big Tech, Chipmakers Power S&P 500, Nasdaq to Record Highs
November 4, 2021
admin
BoostBusiness & EconomychipmakersCompaniesearningsEconomieseconomyInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsRECORDRegional-Local NewsTechUSUS News
0 Comment
The S&P 500 and the Nasdaq hit record highs on Thursday on stellar earnings reports, with investors looking past the Federal Reserve’s asset tapering plan as borrowing costs remain low. The Dow slipped from an all-time closing high hit on Wednesday, dragged down by big banks JPMorgan Chase & Co. and Goldman Sachs Group which…
Pfizer’s Profits Surge on Soaring COVID-19 Vaccine Sales
November 2, 2021
admin
Business & EconomyCCP VirusCompaniesCOVID-19 vaccineearningsMarketsPfizerUSUS NewsVaccines & SafetyWorld
0 Comment
Pfizer reported that both sales and profits more than doubled in the third quarter of this year compared to the year-ago period, with the better-than-expected results coming on the back of soaring sales of its COVID-19 vaccine. In its Nov. 1 earnings report (pdf), Pfizer boasted third-quarter revenues of $24.1 billion, a 134 percent boost…
Cerner’s Restructuring Measures Expand Q3 Earnings, Margins; Raises FY21 Guidance
Cerner Corp. (CERN) reported Q3 FY21 revenue growth of 7 percent Y/Y to $1.47 billion, beating the analyst consensus of $1.45 billion. Revenues from Licensed software rose 16.0 percent Y/Y to $199.2 million. Technology resale declined 20.2 percent Y/Y to $37.656.9 million. Subscriptions decreased 1.8 percent Y/Y to $91.8 million. Professional services expanded 15.0 percent Y/Y to…
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`