NEW YORK—Visa Inc. beat Wall Street’s quarterly estimates on Thursday as more international travel and e-commerce drove an increase spending volumes. While travel spending has stalled since late December due to the Omicron variant of the coronavirus, Visa executives said they believe the recovery will resume and net revenue will grow in the second fiscal…
Visa Profit Beats Quarterly Estimates on Higher Travel, Online Spending
TrueCar Stock Gains as Goldman Sachs Takes Stake
Goldman Sachs Group Inc. has taken a 6.3 percent stake in TrueCar Inc., regulatory filing shows. Founded in 2005, TrueCar is an automotive digital marketplace that enables auto buyers to connect to its nationwide network of Certified Dealers. Santa Monica, California-based TrueCar powers auto-buying programs for more than 250 brands. The company offers the purchasing process…
Here’s How Stocks Have Performed Under Fed Chair Jerome Powell, so Far
November 30, 2021
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For investors who took a break from the market during Thanksgiving week, one of the biggest Wall Street headlines they may have missed was President Joe Biden’s decision to renominate Federal Reserve Chairman Jerome Powell for a second term in the position as the Fed begins its post-COVID-19 pandemic tightening program. Stocks finished down last…
World Shares Advance After Modest Gains on Wall Street
November 12, 2021
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Shares advanced in Europe and Asia on Friday after Wall Street benchmarks managed to close mostly higher. The latest round of mostly solid corporate earnings is winding down after helping markets rise for weeks, reaching a series of records. However, inflation concerns are rattling investors. Germany’s DAX gained 0.1 percent to 16,108.70, while the CAC…
Futures Extend Gains After October Payrolls Blow Past Expectations
November 5, 2021
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U.S. stock index futures sharply extended gains on Friday after data showed U.S. job growth accelerated at a much faster than expected pace in October, adding to optimism sparked by a batch of strong earnings reports. At 8:35 a.m. ET, Dow e-minis were up 120 points, or 0.33 percent, S&P 500 e-minis were up 19.75…
Wall Street Extends Record Rally on Strong Jobs Report
November 5, 2021
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Wall Street’s main indexes hit record highs in a broad-based rally on Friday as data showing strong jobs growth in October, coupled with Pfizer’s COVID-19 pill update, boosted sentiment about economic growth. Ten of the 11 major S&P sectors advanced in early trading, with economy-sensitive energy, financials, and industrials gaining more than 1 percent each….
Stocks Brace for Blockbuster Earnings Week, Pause After 8 Days of Gains
October 25, 2021
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LONDON—World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices. European stocks edged higher in early London trading while U.S. stock futures held firm as investors shrugged off the possible…
American Airlines Sees Smaller-Than-Expected Loss as Travel Picks Up
American Airlines estimated on Tuesday a smaller-than-expected adjusted loss for the third quarter and signaled improved bookings for the rest of the year, betting on increased holiday demand and a lifting of travel bans. U.S. carriers had tempered their outlooks for the September quarter as the Delta coronavirus variant slowed new bookings and drove up…
Wall Street Ends With Solid Gains; Investors Hail US Debt-Ceiling Truce
October 8, 2021
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Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month. Mega-cap stocks jumped with Apple Inc. up 0.9 percent and Amazon.com Inc. rising 1.2 percent, the biggest boosts to…
Oil Gains for Fifth Day Amid Supply Constraints
September 27, 2021
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TOKYO—Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up 92 cents or 1.2 percent at $79.01 a barrel by 0208 GMT, having risen a third consecutive week…
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