A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022.Brittany Hosea-Small | ReutersCheck out the companies making headlines before the bell.Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64…
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Stocks close up in second day of gainsThe three major indexes ended the trading day up, continuing to gain steam coming off a strong day Friday.The Dow added 417 points, which translates to 1.3%.The S&P 500 gained 1.2%, while the Nasdaq ended up 0.9%.— Alex HarringHow to read a company's earnings 'report card'As earnings season…
An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022.Toru Hanai | Bloomberg via Getty ImagesIn Japan, the Nikkei 225 lost 0.92% to 27,006.96 and the Topix shed 0.51% to 1,895.41. The S&P/ASX 200 in Australia declined 1.02% to 6,730.70.South Korea's Kospi…
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Trevor Milton CEO of NikolaMassimo Pinca | ReutersTrevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to drive up the value of Nikola's stock.Milton was charged with two counts…
Walgreens Boots Alliance on Thursday exceeded fiscal fourth-quarter sales expectations, as the drugstore chain turns itself into more of a health-care focused company.The company said it anticipates full-year adjusted earnings per share of $4.45 to $4.65 in the coming fiscal year, which is about in line with what Wall Street expected. Yet Walgreens said its…
A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia.James D. Morgan | Getty ImagesDelta Air Lines expects to post another profit in the last quarter of the year and said both leisure and business travel continue to…
Former U.S. Ambassador to the United Nations Nikki Haley said Sunday that President Biden should not have been surprised that ministers from Organization of the Petroleum Exporting Countries (OPEC+) decided to cut oil production – in fact, she implied it could have been done just to spite him.After OPEC+, which is led by Saudi Arabia,…
WASHINGTON/LONDON, Oct 8 (Reuters) - The OPEC+ organization's decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts…