U.S. Senate Majority Leader Sen. Chuck Schumer (D-NY) (L) and Senator Ed Markey (D-MA) participate in a news conference about the Senate vote on methane regulation outside of the U.S. Capitol on April 28, 2021 in Washington, DC. Sarah Silbiger | Getty Images The U.S. Senate on Wednesday voted to […]
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Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
Tim Cook at Apple Event Source: Apple Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected. Apple stock rose over 4% at one point in extended trading. Apple reported double-digit growth in every single one of […]
Facebook revenue rises 48%, driven by higher-priced ads
Facebook stock price was up as much as 6% in after-hours trading on Wednesday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue. Here’s how the social media giant fared in the quarter, relative to estimates compiled by Refinitiv: Earnings: $3.30 per share vs. $2.37 […]
Qualcomm revenue pops 52% on strong smartphone demand
Steve Mollenkopf, chief executive officer of Qualcomm Inc., speaks during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., U.S., on Thursday, Dec. 6, 2018. The summit features discussions with Americas top chief executive officers, government leaders and industry experts on ideas and policies. Photographer: Andrew Harrer/Bloomberg via Getty […]
Apple reports fiscal second-quarter earnings after the bell
Tim Cook, CEO of Apple, speaks during an Apple Event on April 20th, 2021. Source: Apple Inc. Apple reports its second fiscal quarter earnings on Wednesday after markets close. Here’s what Wall Street expects, per Refinitiv consensus estimates: Earnings: 99 cents per share Revenue: $77.36 billion The company is coming […]
Fed holds interest rates near zero, sees faster growth and higher inflation
The Federal Reserve on Wednesday declined to let up on its easy money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter […]
S&P 500 rises slightly to record after Fed keeps rates near zero
The S&P 500 rose slightly on Wednesday, touching another record, after the Federal Reserved left interest rates unchanged in its latest policy decision and hinted that it would keep easy monetary policy where it is for some time despite a strengthening economy and rising inflation. The S&P 500 rose 0.15% […]
JPMorgan wants to appeal to younger investors with new ad campaign
J.P. Morgan Wealth Management ad campaign launching in April. YouTube JPMorgan‘s wealth management unit is launching a major ad campaign as it tries to endear itself to younger investors. It’s the first multi-channel ad campaign from the group since the company folded up certain wealth-management operations into a unit back […]
S&P 500 is flat amid mixed earnings results, looming Fed decision
U.S. stocks were flat on Wednesday as investors digested major technology earnings and geared up for the latest Federal Reserve policy announcement. The S&P 500 hovered above the flatline, but touched a new intraday record earlier in the session. The Dow Jones Industrial Average shed about 100 points, dragged down […]
Pfizer, Moderna Covid vaccines 94% effective at preventing hospitalizations in elderly, CDC study shows
A healthcare worker administers a dose of the Moderna Covid-19 vaccine at Nassau Community College in Garden City, New York, on Saturday, Jan. 30, 2021. Johnny Milano | Bloomberg | Getty Images The Pfizer–BioNTech and Moderna Covid-19 vaccines are 94% effective at preventing hospitalizations among fully vaccinated adults ages 65 […]