Earnings
Everyone is worried about gas prices, but diesel is driving inflation more than you think
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply. Now some analysts say there could be spot […]
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Stocks making the biggest moves premarket: BioNTech, Five Below, Lululemon and others
Check out the companies making headlines before the bell: BioNTech (BNTX) – The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and profit for the fourth quarter. BioNTech also reiterated its prior vaccine revenue guidance for 2022. Five Below (FIVE) – The discount retailer’s stock slid 3.4% in premarket trading […]
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Stocks making the biggest moves in the premarket: Nielsen Holdings, FedEx, LHC Group and more
Take a look at some of the biggest movers in the premarket: Nielsen Holdings (NLSN) – The TV ratings company’s stock surged 20.9% in the premarket after it agreed to be acquired by a private-equity consortium for $28 per share. The deal is worth $16 billion, including assumed debt. FedEx (FDX) – FedEx CEO Fred […]
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XPeng shares jump after the Chinese EV automaker posts narrower-than-expected quarterly loss
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. XPeng said that it lost $202 million in the quarter, or $0.22 on an […]
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Stocks making the biggest moves in the premarket: Tesla, Beyond Meat, Coinbase and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla will ask shareholders to authorize the issuance of additional shares at the upcoming annual meeting so it can pay a stock dividend, according to a company tweet. The additional shares would enable the company to split its stock. Tesla […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei’s annual report released Monday is the first high-profile corporate event CFO Meng Wanzhou has led since returning to China from Canada after a nearly three-year extradition battle with the U.S. David Ramos | Getty Images News | Getty Images Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued […]
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Stocks could take their cue from oil, inflation and interest rates in the week ahead
Traders on the floor of the NYSE, Feb. 24, 2022. Source: NYSE March’s employment report is coming up in the week ahead, but developments in Ukraine, the price of oil and an inflation report are likely to steer the market. Stocks notched gains for the week, while interest rates ripped higher and oil prices jumped. […]
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Stocks making the biggest moves after hours: The Honest Company, Tilray and more
: The Honest Company founder and chief creative officer Jessica Alba and The Honest Company CEO Nick Vlahos ring the Nasdaq Stock Market opening bell to mark the company’s IPO at NASDAQ MarketSite on May 05, 2021 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Honest Company ) Dimitrios Kambouris | Getty […]
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Olive Garden parent’s earnings miss estimates, company lowers fiscal 2022 outlook
An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, saying the omicron variant of Covid-19 led to disappointing sales for its Olive Garden chain. The company also lowered its earnings outlook for fiscal 2022, expecting that […]
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