Earnings Previews: American Express, GE, Johnson & Johnson, 3M

U.S. markets got off to a rocky start Friday morning. Netflix reported results Thursday afternoon that disappointed investors, primarily because of its uncertain guidance. Both railroad operator CSX and chemicals maker PPG Industries beat earnings and revenue estimates, but both traded down in Friday’s premarket. Earlier Friday morning, financial services firms Ally and Huntington Bancshares, as well as Schlumberger, also […]

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Ireland drops most COVID restrictions in wake of 'Omicron storm'

DUBLIN (Reuters) -Ireland is to scrap almost all its COVID-19 restrictions on Saturday after coming though the storm of the Omicron variant that led to a massive surge in infections, Prime Minister Micheal Martin said in a national address.Slideshow ( 3 images )Ireland had the second highest incidence rate of COVID-19 in Europe just last week but also one of […]

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Cathie Wood’s ARK Invest Buys for 1\/20

Markets took a turn for the worse into the close after what seemed to be a promising session. ARK Funds flipped and ended up lower for the most part. ARKK performed the best out of the group, with a 0.2% gain on the day, while ARKX did the worst, down 0.8%. The gains from the past year are slowly sliding […]

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Austria adds a lottery to COVID vaccine mandate to win over holdouts

VIENNA (Reuters) -Austria’s conservative-led government said on Thursday it was introducing a national lottery to encourage holdouts to get vaccinated against the coronavirus, hours before parliament was due to pass a bill introducing a national vaccine mandate here.Slideshow ( 2 images )Roughly 72% of Austria’s population is fully vaccinated against COVID-19, one of the lowest rates in western Europe. “What […]

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BHP investors approve scrapping of dual listing

FILE PHOTO: A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoSYDNEY/LONDON (Reuters) -BHP Group investors in London and Sydney have approved plans to scrap the company’s dual listing in favour of a main listing in Sydney. More than 97% of investors voted in favour […]

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Procter & Gamble reports strong sales amid high prices

Fox Business Flash top headlines for January 19 Check out what’s clicking on FoxBusiness.com. Procter & Gamble Co. PG -1.93% reported another quarter of strong sales growth as consumers, undeterred by higher prices, loaded up on household staples from Gillette razors to Tide detergent.  The Cincinnati-based consumer-products company reported revenue of $21 billion for the period ended Dec. 31, a 6% increase compared with a […]

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Stocks rebound led by Bank of America, Morgan Stanley

Video  U.S. equity futures rose Wednesday morning as another round of earnings rolled in.  The major futures indexes suggest a gain of 0.2%, rebounding from Tuesday's sharp selloff.   Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 35368.47 -543.34 -1.51% SP500 S&P 500 4577.11 -85.74 -1.84% I:COMP NASDAQ COMPOSITE INDEX 14506.896644 -386.86 -2.60% CLICK HERE TO READ MORE […]

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Market strategist: Rate hikes could be quite significant for banks

New York (CNN Business)Goldman Sachs had a phenomenal year. But like many of its competitors on Wall Street, the numbers just weren’t good enough to satisfy fickle investors. The investment banking powerhouse said Tuesday that it earned $3.9 billion in the fourth quarter, or $10.81 a share. But analysts had been forecasting a profit of $4.1 billion, or $11.70 a […]

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