By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Friday reported a 56% slump in second-quarter profit, missing Wall Street bets and joining rivals hurt by a sharp drop in energy prices and lowe[...]
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NEWSLETTER
Wall Street closes down, Dow snaps longest winning streak since 1987
By Carolina Mandl and Herbert Lash (Reuters) – U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S. yields higher, snapping[...]
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Coca-Cola raises annual forecasts as demand unaffected by price hikes
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co raised its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resili[...]
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Moody’s beats revenue estimates on steady demand for analytics services
(Reuters) – Moody’s Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research services. Cust[...]
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Dow leads Wall Street higher as investors eye beyond tech
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on s[...]
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Analysis-Tesla taps Biden tax credits to offset EV price cuts
By Hyunjoo Jin SEOUL (Reuters) – Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration[...]
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J&J upbeat on 2023 as devices rebound post-COVID, shares jump
By Bhanvi Satija and Patrick Wingrove (Reuters) -Johnson & Johnson on Thursday expressed optimism for strong growth this year, saying it expected to surpass profit estimates with joint replacement[...]
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Nasdaq beats profit estimates on steady demand for investment products
(Reuters) – Exchange operator Nasdaq beat estimates for second-quarter profit on Wednesday on the back of consistent demand for its investment-related products and capital markets solutions such[...]
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Lockheed Martin raises full-year forecast on strong weapons demand
By Pratyush Thakur and Mike Stone (Reuters) -U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook as conflicts such as the war in Ukraine stoked demand for military[...]
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