In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas business faced headwinds. The oil
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An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon’s stock was down less than
In this article AIR-FR Follow your favorite stocksCREATE FREE ACCOUNT An Airbus employee works on an aircraft part of the Airbus A350 at the Airbus Atlantic plant in Bouguenais, near Nantes, western France, on Feb. 29, 2024. Sebastien Salom-gomis | Afp | Getty Images Airbus is ramping up production of its A350 aircraft because of
Traders work during the opening bell at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 611 points, or 1.6%, weighed down by steep declines in
ARK Invest is betting big on private tech companies. “It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week. “Both venture exposures and public innovation companies are incredibly well valued today to take a long-term investment.” Winton worked with the ARK Invest team to create
Nio Founder and CEO William Li poses outside of the New York Stock Exchange to celebrate his company’s IPO. Photo: NYSE BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio’s first such mass market car will
Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. Jeenah Moon | Via Reuters Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a plan that could
Westend61 | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The wealth gap between rich millennials and the rest of their age group is the largest of any generation,
Enes Evren When you receive equity compensation from an employer, it typically requires a comprehensive financial plan — and restricted stock units are no exception. In 2000, only 20% of public companies granted restricted stock or restricted stock units, primarily for senior executives or higher, according to the National Association of Stock Plan Professionals. That percentage, however, has
Viewstock | View Stock | Getty Images Last year, Americans’ confidence that they would have enough money to live comfortably in retirement fell the most since the global financial crisis. New research shows both workers’ and retirees’ confidence has not recovered. But some signs of optimism have emerged, particularly as wage growth now outpaces inflation
A man stands outside his flooded home after heavy rain in Fort Lauderdale, Florida, on April 13, 2023. Chandan Khanna | AFP | Getty Images The warming planet is already proving expensive. U.S. weather and climate disasters cost more than $617 billion between 2018 and 2022 — a record figure, according to the U.S. Department
South Pointe Beach in Miami Beach, Florida. Greg Iacurci MIAMI — Daniel Habibian worries about climate change. His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a few blocks inland from the Atlantic Ocean. Rising seas threaten to swallow much of the Miami metro area in the coming decades as the world
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters More than 3 million people with Medicare could be eligible for coverage of Wegovy now that the blockbuster weight loss drug is also
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate. The two sides’ return to the bargaining table follows their February announcement that they found a “constructive path forward” during mediation discussions related to litigation over the union’s
In this article FL Follow your favorite stocksCREATE FREE ACCOUNT A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc. A new and improved Foot Locker debuted at a New Jersey mall on Wednesday as the sneaker retailer looks to reverse a sales slump, keep brand partners loyal and win back Wall Street’s confidence by revamping
In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT Chipotle is launching Farmesa Fresh Eatery first at Kitchen United’s upcoming Santa Monica location. Source: Chipotle Mexican Grill Chipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens. A little over a year ago, Chipotle announced the
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters Boeing’s quarterly report on Wednesday will be the most complete accounting to date of the fallout from the
In this article BIIB Follow your favorite stocksCREATE FREE ACCOUNT A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday reported first-quarter profit that topped estimates as the company’s cost-cutting efforts took hold and sales of its closely watched
In this article F Follow your favorite stocksCREATE FREE ACCOUNT The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is announcing first-quarter earnings after the markets close Wednesday. Here is what Wall Street expects, based on average analyst estimates compiled by LSEG:
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta will report first-quarter results after the bell Wednesday. Here’s what analysts are expecting. Earnings per share: $4.32, according to LSEG. Revenue: $36.16 billion, according to LSEG. Daily
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