Text size Chinese Foreign Ministry spokesman Wang Wenbin talks about the order to close the United States consulate in Chengdu. fake pictures Global stocks fell on Friday as political events swept away a wave of negativity in the markets. The Dow Jones Industrial Average fell 126 points, or 0.5%. The …
Read More »Honeywell Beat Earnings. What their numbers mean for the industrial economy.
Text size Brendan Smialowski / AFP via Getty Images Honeywell’s earnings, reported Friday morning, beat Wall Street estimates for the pandemic-hit second quarter. That’s good news for Honeywell, but the company is a huge and distant industrial conglomerate. Your earnings are a useful read for many companies in many industries. …
Read More »Intel Stock falls as production woes overshadow earnings
Text size Alexander Koerner / Getty Images Intel shares fell sharply on Thursday after the company said it is experiencing substantial delays in its development of cutting-edge 7-nanometer production technology. That news outshone financial results better than expected. The delays raise troubling new questions about the company’s ongoing problems in …
Read More »Microsoft’s earnings beat estimates, thanks to “at home” trend
Text size Denis Charlet / AFP via Getty Images Microsoft released better-than-expected financial results for its fiscal fourth quarter as demand for its cloud-based software increased amid the pandemic-induced change to work and learn from home. For the quarter ended June 30, Microsoft (ticker: MSFT) posted revenue of $ 38 …
Read More »Only a few stocks are fueling the rise in the market. Watch out.
As the S&P 500 falls into positive territory again throughout the year, investors need to be mindful of the fact that a handful of stocks appear to be doing much of the heavy lifting. The benchmark market index rose 1.3% in 2020 through Monday’s close, but much of that profit …
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