Is It Smooth Sailing for BP Stock Going Forward?
U.K.-based BP reported both a profit and revenue beat for the quarter and for the year Tuesday morning. The company also boosted its dividend.
All Work
Paul Ausick
Activist Investor Jana Partners Takes Another Run at Bloomin’ Brands
Outback Steakhouse's owner has announced that activist investor Jana Partners plans to run candidates for the company's board. The move comes three months after Bloomin' Brands put itself up for sale.
JC Penney Reveals NYSE Delisting Notice, Adds More Executives to Turnaround Effort
J.C. Penney has been notified that it is not in compliance with NYSE rules and may be delisted from the exchange. The company has also named six new executives to help it get back…
OPEC+ Considers Price-Gouging as Coronavirus Spreads
The coronavirus outbreak in China has reduced demand for oil in the country by more than 4 million barrels a day and chopped 15% from the price of crude. OPEC+ wants to drive the…
US Consumer Sentiment Hits 9-Month High
The University of Michigan Consumer Sentiment Index posted a nine-month high in January as wage growth, low unemployment, and low interest rates continue to buoy consumers' spirits.
Chevron Stock Torched by $10.4 Billion in Q4 Charges
Chevron reported a quarterly net loss before markets opened Friday. Impairment charges had been revealed, but weaker pricing contributed to the poor showing.
Asset Sale Props Up Exxon Stock as Pricing Hammers Profits
Exxon Mobil reported estimated fourth-quarter and full-year results early Friday, and investors are not liking what the company had to say. Had it not been for asset sales, the company's report would have been…
Why Caterpillar Stock Is Sinking After a Solid Beat on Earnings
Caterpillar reported fourth-quarter and full-year profits that handily beat expectations. Sales were weakish, however, and the outlook for the new year is soft.
Why Visa Stock Can’t Take Even a Little Bad News
Credit card giant Visa met analysts' consensus estimate for earnings and revenues but investors reacted more to a change in full-year guidance caused by the Plaid acquisition.
NFL Fans’ Favorite Beer Is …
NFL fans have some pretty strong opinions about the brands of beer they drink and the chips they eat. Who knew?
US Trade Deficit With China Has Cost 3.7 Million US Jobs
A new study from the Economic Policy Institute reports that the U.S. trade deficit with China has cost 3.7 million U.S. jobs since 2001.
Delays Plague Lockheed Fighter, Boeing Tanker Plane Deliveries
Serious problems with the Lockheed F-35 fighter jet and the Boeing KC-46 refueling tanker continue to cause delivery delays and acceptance by the Air Force.
How to Stop the Sale of Counterfeit Products by Online Marketplaces
The U.S. Department of Homeland Security has released a list of recommended actions for dealing with the growing problem of counterfeit goods. Will it help?
Altria Stock Dented by Another $4.1 Billion Impairment
Marlboro cigarette maker Altria reported a net loss of $1.00 a share primarily due to another massive impairment charge related to its investment in e-cigarette maker Juul.
Why Microsoft Earnings Just Keep Rocking Along
Microsoft's commercial cloud business just keeps on growing. The company posted a new 52-week high Wednesday that could be beaten on Thursday following the company's second-quarter earnings report.
What Boosted Chesapeake Energy Stock Wednesday
Oil and natural gas producer Chesapeake Energy released preliminary fourth-quarter operational data Wednesday that has given the shares a real shot in the arm.
Coronavirus Threat Doesn’t Weigh on Consumer Sentiment
Consumer sentiment rose slightly last week after a slight pause in the first weeks of the new year. U.S. consumers appear to be ignoring the global economic threats of the coronavirus outbreak.
Why Boeing Stock Is Getting Some Love From Investors
Boeing's fourth-quarter and full-year results were worse than analysts expected, but those are not things investors care about with this company right now.
Earnings Driving General Electric Stock Toward New 52-Week High
GE reported fourth-quarter and full-year results Wednesday morning that were mostly better than expected. The big plus, however, was the company's cash flow.
Investors Shed AMD Stock After Soft Outlook
Advanced Micro Devices Inc. (NYSE: AMD | AMD Price Prediction) reported fourth-quarter and full-year 2019 earnings after markets closed Tuesday. For the quarter, the chipmaker posted adjusted diluted earnings per share (EPS) of $0.32…