Tag Archives: Commodity / Financial Market News

Raytheon crushed the profits. Here’s why the stock is down anyway.

Text size Defense sales stood out in the quarter. Mario Tama / Getty Images Defense and aerospace giant Raytheon Technologies crushed Wall Street’s profit expectations, but the stock fell anyway on Tuesday morning. The commercial aerospace sector is not improving fast enough for investors. Raytheon (ticker: RTX) earned 40 cents …

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Asian markets mixed amid gloomy gains and pandemic worries

Asian stocks mixed on Wednesday as the company’s sad earnings reports add to pessimism about the widespread economic consequences of the coronavirus pandemic. Tokyo’s Nikkei 225 index lost 1% after Fitch Ratings lowered its outlook for Japan to “negative” from “stable”. “The coronavirus pandemic has caused a sharp economic contraction …

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Gold futures retrace after rising to record levels

Gold futures reversed on Tuesday, with the yellow metal slipping after a rally to record levels. With the main contract as high as $ 1,974.40 an ounce overnight, GC00 gold futures, -0.47% It fell $ 23.80 to $ 1,907.20 an ounce. China’s gold consumption fell 38% yoy in the first …

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