Exxon surpasses estimates with largest quarterly profit in a year

Fox Business Flash top headlines for July 30 Check out what’s clicking on FoxBusiness.com. Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance. Ticker Security Last Change Change % XOM EXXON MOBIL CORP. […]

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Exxon tops estimates with biggest quarterly profit in a year

(Reuters) -Exxon Mobil XOM.N on Friday posted its biggest quarterly profit in more than a year that also topped analysts’ estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance.Slideshow ( 2 images )The company’s first results following a contested board fight over its direction highlighted how oil producers are taking advantage […]

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Bonds see large inflows, TIPS pull in record money in weekly flows – BofA

FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko NakaoLONDON (Reuters) – Bond funds enjoyed the largest inflows in three weeks at $12.7 billion in the week to Wednesday with investors putting a record amount of $3.2 billion into Treasury Inflation-Protected Securities (TIPS), BofA said on Friday. Tracing investor flows through […]

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JGB yields stuck as COVID-19 cases surge to record

TOKYO, July 30 (Reuters) – Japanese government bonds yields ended flat on Friday amid a lack of new catalysts, while a surge in domestic COVID-19 cases stirred speculation of a new bond issuance to finance additional economic stimulus. The 10-year, 20-year and 30-year JGB yields were all unchanged at 0.015%, 0.390% and 0.635%, respectively. The 10-year yield has risen from […]

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Stock futures trade lower, Amazon shares fall

Big Tech is ‘here to stay,’ dominate society: Market expert Potomac Wealth Advisors president and founder Mark Avallone on his outlook for Big Tech.  U.S. equity futures traded lower heading into the final trading session of the week. The major futures indexes suggest a drop of more than 1% on the Nasdaq and 0.5% on the Dow. GET FOX BUSINESS […]

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Philippines' Duterte fully restores key U.S. troop pact

MANILA (Reuters) -Philippine President Rodrigo Duterte has restored a crucial pact governing the presence of U.S. troops in the Southeast Asian nation, the two countries’ defence ministers said on Friday, reversing a decision that had caused increasing concern in Washington and Manila.Slideshow ( 4 images )The Visiting Forces Agreement (VFA) provides rules for the rotation of thousands of U.S. troops […]

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Indian shares edge higher as auto, IT stocks advance

FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade/File PhotoBENGALURU (Reuters) – Indian shares rose slightly on Friday, adding to their third straight monthly gain, as Ashok Leyland and TVS Motor led auto stocks higher while Tech Mahindra lifted IT scrips on strong earnings. By […]

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Oil Futures Settle Sharply Higher

Crude oil futures settled higher on Thursday as data showing a drop in U.S. crude inventories continued to support oil prices. A weak dollar contributed as well to the jump in oil prices. The dollar index dropped to 91.91, losing more than 0.4%. The dollar drifted lower after the Federal Reserve said on Wednesday that it has not yet set […]

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