Existing Home Sales Up; Swiss Bank Cuts Interest Rates
US existing...
US existing home sales unexpectedly rise 9.5% month-over-month in February, the largest monthly gain in a year; median home price of $384,500 is up 5.7% from a year ago, marking highest median home price for any February on record (More)
Swiss National Bank becomes first major bank to cut interest rates, moving ahead of the European Central Bank and US Federal Reserve (More) | Turkey's central bank raises key interest rate to 50% to curb annual inflation of 67% (More)
ConocoPhillips to release 1Q earnings report in early May
The oil and gas company plans to release its first quarter 2024 financial...
The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2.
It will follow up the release with a conference call on the same day at 11 a.m. central time where leaders will discuss the results.
ConocoPhillips ended the fourth quarter with $3 billion in earnings or $2.52 per share. It was below the $3.2 billion and $2.61 per share reported a year earlier.
The company’s full-year earnings were $11 billion or $9.06 per share, a decrease from $18.7 billion and $14.57 a share reported for all of 2022.
The US Department of Justice yesterday filed a suit against Apple, alleging the tech giant violated antitrust laws in the smartphone market by making it exceedingly challenging for third parties to integrate with iPhones. The company has argued the policies are needed to maintain a high-quality user experience for their software.
The lawsuit is separate from a recent challenge against Apple's App Store, which requires up to 30% commission for any payment made via any downloaded app. Roughly 65% of US smartphone users own an iPhone. Shares of Apple dropped 4% on the news yesterday.
Congress unveiled a $1.2 trillion spending bill ahead of tonight’s...
Congress unveiled a $1.2 trillion spending bill ahead of tonight’s shutdown deadline. Like you did with your senior year thesis, lawmakers turned in their lengthy federal funding package yesterday just under the wire—though it’s unclear if they’ll have time to vote on it to prevent parts of the government from shutting down at midnight tonight. The bipartisan bill includes, among other things, funding for border security and education programs, in an effort to appease both sides of the aisle. Republican leaders signaled that they intend to hold a vote today, waiving their self-imposed rule that legislators get 72 hours to review bills before they vote.
Walmart is adding high-end products to more than 800 locations in a bid to lure wealthier shoppers.
Airline CEOs have reportedly requested an intervention audience with Boeing’s board of directors to address the manufacturer’s growing list of problems.
China and Russia made a deal with Houthi militants to provide political support for the Yemen-based group in exchange for their ships sailing through the Red Sea without being attacked, Bloomberg reported.
Dow Jones, S&P 500 and Nasdaq end at new record highs
U.S. stocks scored another round of records on Thursday, with all three...
U.S. stocks scored another round of records on Thursday, with all three major equity indexes posting back-to-back all-time highs, a day after the Federal Reserve said rate cuts look likely this year.
The Dow Jones Industrial Average rose about 269 points, or 0.7%, ending near 39,781
The S&P 500 index gained nearly 16 points, or 0.3%, closing around 5,241
The Nasdaq Composite Index advanced 32 points, or 0.2%, finishing near 16,401.
