This is the conclusion of today’s Morning Brief, which you can read Log in Delivered to your inbox every morning, along with: Morning snapshot A new reading of the Fed’s preferred inflation measure will test the market rally in the coming week. The November Personal Consumption Expenditure (PCE) price index is scheduled to be released … [Read more…]
Oil prices fall as OPEC postpones its meeting Oil futures plunged on Wednesday after OPEC postponed an upcoming meeting, but recovered during the afternoon. West Texas Intermediate (CL=F) futures fell less than 1% to settle above $77 a barrel. Yahoo Finance’s Ines Ferre reports: OPEC+, a Saudi-led consortium of the world’s largest oil producers, announced … [Read more…]
Baidu shares rose on Tuesday after the Chinese technology company reported better-than-expected quarterly results, giving investors hope for growth in its artificial intelligence business amid risks to the sector. Baidu (ticker: BIDU) reported profit of 20.40 Chinese yuan ($2.86) per share on revenue of 34.5 billion yuan ($4.8 billion), beating expectations FactSet reported earnings of … [Read more…]
Walmart store with garden products for sale in Atchison, Kansas. Ucg | Universal Images Group | Getty Images Walmart will report its quarterly results on Thursday as the discount retailer generally outperforms its rivals. According to consensus estimates from LSEG, formerly known as Refinitiv, Wall Street expects the following from the retailer: Earnings per share: … [Read more…]
It could have been worse, and it’s not like Wall Street expected much anyway. In short, this is Target’s third-quarter earnings as of Wednesday morning. After nearly two years of brutal results due to execution errors, rising retail theft and increasingly cautious consumer sentiment, Target has crushed analysts’ lowered estimates for sales, margins and profit. … [Read more…]