Blame Exxon’s vast refinery business. The company swung to a downstream loss of $256 million due to higher scheduled maintenance and lower margins. Exxon also blamed swings in Canadian oil prices. Wall Street penalized Exxon, sending its stock 2% lower in premarket trading Friday. The good new...
The 10-year US government bond yield tumbled near a three-year low of 1.6298%, as investors pour money into bonds out of fear the trade war could stunt global growth. Gold was also a big winner Wednesday as investors sought safe assets. Prices edged toward $1,500 an ounce for the ...
Shares rose roughly 3% in premarket trading. 8:18 p.m. 22:45:55, July 14, 2023 Wall Street takes a breath ahead of earnings People walk past the New York Stock Exchange on Wall Street on July 11. NDZ/Star Max/IPx/AP After four straight days of gains, stock futures started the...
It lost more than $40 billion of its market value in one day and its stock hasn’t recovered. The company denied the details of the report. Shares are down 1.5% in premarket trading. 9:26 p.m. 9:41:22, January 22, 2019 Wall Street is ignoring 'childish behavior' of Washington...
It lost more than $40 billion of its market value in one day and its stock hasn’t recovered. The company denied the details of the report. Shares are down 1.5% in premarket trading. 9:26 p.m. 16:21:24, January 22, 2019 Wall Street is ignoring 'childish behavior' of ...
Bitcoin prices surged more than 10% Monday to above $41,500, their highest level in nearly two weeks. “Western allies are delivering harsher sanctions and restrictions on Russian banks and that is bolstering the argument for blockchain products that will compete with the SWIFT n...
It's the money supply, stupid! From CNN Business' David Goldman The broadest measure of America’s money supply is growing, but not as fast as it should, Steve Hanke, economics professor at Johns Hopkins told CNN Business anchor Richard Quest on the “Markets Now” live show. That’s ...
The company’s shares fell more than 2% in premarket trading. Its net profits totaled $4.9 billion, down nearly 16% from the same period last year. All business units aside from global markets brought in less revenue and net profit in the third quarter. 8:19 p.m. 3:54:23, O...
The Treasury will run out of money in the fall if the debt ceiling isn't raised From CNN Business' Anneken Tappe It’s that time of the year again, when we start talking about the debt ceiling – the maximum amount of debt the Treasury Department can issue. A new report from the...
People walk past The New York Stock Exchange in the financial district of Lower Manhattan, New York City on March 8, 2024. zz/NDZ/STAR MAX/IPx/AP A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can ...