After U.S. markets closed on Thursday, railroad operator CSX met the consensus estimate for earnings per share (EPS) and barely missed Wall Street’s revenue estimate. Intermodal (container) volume was down 18% year over year. Shares traded down 4.6% shortly after Friday’s opening bell. Intuitive Surgical reported better-than-expected EPS and revenue, but sales of its da Vinci robotic surgery device did […]

Wall Street experienced a strong rebound in the first half of 2023, recovering from the disappointments of the previous year. The S&P 500 Index surged by 15.9% during this period, marking its best first half since 2019. This positive performance can be attributed to the steady decline in inflation rates, a strong labor market and the Federal Reserve’s decision to […]

Crude oil prices climbed higher on Tuesday, lifting the most active oil futures contract to a positive close for the first time in three days. The dollar’s decline after data showed a drop in U.S. retail sales and a dip in industrial production in the month of June, supported oil prices. West Texas Intermediate Crude oil futures for August ended […]

Fintel reports that on July 13, 2023, Goldman Sachs maintained coverage of 10x Genomics Inc – (TXG) with a Sell recommendation. Analyst Price Forecast Suggests 0.79% Downside As of July 6, 2023, the average one-year price target for 10x Genomics Inc – is 59.07. The forecasts range from a low of 25.25 to a high of $71.40. The average price […]

Exxon Mobil Corporation XOM has entered into an agreement to acquire Denbury Inc. DEN for $4.9 billion. The move is part of ExxonMobil’s plan to enhance its transition to clean energy with a well-established carbon dioxide sequestration operation. The acquisition will provide XOM access to the biggest pipeline network in the United States. Denbury exited bankruptcy in September 2020. The company’s main business […]

Fidelity Investments Canada ULC announced on July 12 that it had entered into an agreement with Brookfield Asset Management (BAM) that sees the alternative asset manager build a portfolio of Canadian real estate assets for Fidelity’s Canadian clients. “Fidelity has a long history of harnessing our global resources and augmenting these with external expertise where it makes sense to bring innovative, […]

Save articles for later Add articles to your saved list and come back to them any time. Commonwealth Bank boss Matt Comyn says the cost pressure on households will intensify in the months ahead as past interest rate rises flow into consumers’ bank accounts, with the bank also highlighting the cost of living pain being felt by younger customers. Comyn […]

It was another week when oil prices moved up while natural gas futures marked a loss. On the news front, the headline came from energy biggie Shell’s (SHEL) Q2 earnings update and its American peer Chevron’s (CVX) acquisition of an Argentina-based agricultural product company. Developments associated with Patterson-UTI Energy (PTEN), TC Energy (TRP) and Expro Group Holdings 9XPRO) also made it […]

The public-facing generative artificial intelligence (AI) chabot ChatGPT reached 100 million unique users in just two months – a record that makes it the most popular consumer product in history. Generative AI is one of the central issues at the heart of an ongoing struggle in the entertainment industry – with writers, actors and directors all looking to set guardrails […]