Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of … Read more
Text size Meta Platforms, the parent company of Facebook, announced a new buyback plan of $40 billion. Justin Sullivan/Getty Images Stock futures were mostly higher Thursday, adding to the previous session’s gains after the Federal Reserve boosted interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said the central bank’s … Read more
Text size Northrop Grumman warned it could face a loss on the initial production of its B-21 stealth bomber. (Jose Luis Magana/AFP) Heads of US defense contractors knew what they wanted to highlight this earnings season—record weapons orders on the back of the conflict in Ukraine. However, concerns about inflation and negotiations over government spending … Read more
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship with a derrick attached to its deck. Soon this vessel that spans nearly three football fields will depart for the deepest waters of the Gulf of Mexico, where its crew will be able to drill … Read more
Text size Wall Street is in the thick of the fourth-quarter earnings season. Angela Weiss/AFP via Getty Images Stocks paused Wednesday as investors reacted to a monetary policy decision from the Bank of Japan and looked ahead to a wave of economic data, with one eye on the continued release of US corporate earnings. The … Read more
Text size JPMorgan Chase is one of several big US banks reporting earnings Friday. Spencer Platt/Getty Images Stock futures were mixed Friday after Wall Street rallied on the back of slower US inflation and ahead of earnings reports from some of the biggest banks in the United States. These stocks could make moves Friday: JPMorgan … Read more
Oil prices experienced the worst start to the year in over three decades this week, falling by more than 9% over the first two days of trading. They have since recovered some of that loss, but are still seen to be down significantly week-over-week. Oilprice Alert: This month’s Intelligent Investor looks for unrealized value in … Read more
Oil futures ticked slightly lower Friday, on track for big losses in a holiday-shortened week as investors fretted over China’s COVID wave and uncertainty over the global economic outlook as central banks continue to tighten monetary policy. Natural-gas futures continued their slide, meanwhile, after ending at a one-year low in Thursday’s session. Price action West … Read more
Natural-Gas Prices Plunge as Unseasonably Warm Weather Is ForecastThe Wall Street Journal Natural gas prices ‘sporadic and may begin topping’Fox Business Natural Gas Prices in Europe Fall to Pre-Invasion LevelsThe New York Times Europe’s natural gas falls to pre-Ukraine war pricesAxios Europe Gas Slumps to Lowest Since 2021 As Mild Weather Cuts UseBloomberg View Full … Read more
Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the bull market would be sold off, and that oil prices would continue to rise through the end of 2022. The first prediction came true, while the second … Read more