Asian shares are mostly lower as investors look ahead to a flood of global earnings reports, including from U_S_ companies known as the “Magnificent Seven.” By YURI KAGEYAMA AP Business Writer April 25, 2024, 2:14 AM ET • 4 min read TOKYO — Asian shares mostly declined Thursday as investors awaited a flood of global
General Motors’ first-quarter earnings are coming Tuesday morning. Investors will want to see progress offsetting higher wages following the 2023 labor negotiations with the United Auto Workers Union. For the first quarter, Wall Street is looking for earnings per share of $2.12 and an operating profit of $3.1 billion from sales of $42.1 billion. A
Mortgage rates topped 7% this past week for the first time in 2024, according to Freddie Mac . The increase comes at a pivotal time for the U.S. housing market, which saw existing-home sales hit a near-30-year low in 2023 as costs rose. Higher rates could reduce buyer demand, slow price growth, further crimp sales,
Intuitive Surgical Inc (NASDAQ:ISRG) showcases robust revenue growth with a 11.5% increase in total revenue year-over-year. Net income attributable to Intuitive Surgical Inc surges by 53.3% from the previous year, indicating strong profitability. Research and development expenses rise by 16.2%, reflecting the company’s commitment to innovation. Intuitive Surgical Inc maintains a dominant market position with
Robust revenue growth with total revenues net of interest expense up 11% year-over-year. Strong net income increase to $2.4 billion, reflecting a solid financial performance. Continued investments in customer engagement and loyalty driving business success. Competitive pressures and regulatory changes pose potential threats to profitability. On April 19, 2024, American Express Co (NYSE:AXP) released its
One of the first sovereign-wealth funds, and the largest at the state level in the U.S., just made a big bet on groceries as inflation continues to pressure American consumers. Alaska Permanent Fund tripled its investments in shares of Walmart and Kroger —the respective No. 1 and No. 2 players in terms of their share
A well-articulated sell strategy—and the discipline to stick with it—are among the most important qualities a patient investor can have, but they’re often overlooked. Most investors can explain why they bought a stock, but few can say, before they buy a stock, what would cause them to sell it. The managers of the MFS International
This past year was more difficult than United Parcel Service imagined when it set its three-year goals back in 2021. UPS stock closed above $200 a share on June 9, after the 2021 meeting. Shares closed this past week at $156.27. On Tuesday, UPS is set to meet with analysts and investors in Louisville, Ky.,
Tax day is almost here, and, thanks to higher interest rates, many investors are finding they earned a lot more income from their portfolios in 2023—and now they owe the government a piece of it. “That’s a good thing,” says Mary Ellen Stanek, co-chief investment officer at Baird Asset Management. “But it means investors need
AT&T reaffirmed plans to invest heavily into expanding its fiber networks in an update to shareholders on Monday. “The company remains focused on building vital, high-performance network infrastructure for both mobile and fiber networks,” AT&T said in the update. To support these efforts, AT&T continues to expect capital investment in 2024 if between $21 billion