Stocks close higher on Friday, Nasdaq posts fourth week of gains

Stocks close higher on Friday, Nasdaq posts fourth week of gains

Shares rose on Friday and capped a winning week fueled by better-than-expected economic growth and a rise in Tesla shares. The Nasdaq Composite jumped 0.95% to 11,621.71, while the S&P 500 gained 0.25% to close at 4,070.56. The Dow Jones Industrial Average added 28.67 points, or 0.08%, to end at 33,978.08. All major averages posted … Read more

Here’s the real reason American Express offers such big rewards

Here’s the real reason American Express offers such big rewards

Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue has grown more than 32% since 2017, when adjusted for inflation, and the company’s shares have shown resilience and growth in a tumultuous market. “Rebate revenue,” or fees charged to merchants who accept its … Read more

Energy giants set to break annual profit records

Energy giants set to break annual profit records

US President Joe Biden previously pointed the finger at Exxon Mobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s biggest oil and gas companies are poised to report record annual profits, raking in extraordinary revenues after a year of volatile fossil fuel prices amid Russia’s assault … Read more

Stock futures fall after Dow posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Israeli Airstrikes Hit Gaza After 9 Palestinians Killed in Jenin | Israelo-Palestinian conflict

Israeli Airstrikes Hit Gaza After 9 Palestinians Killed in Jenin |  Israelo-Palestinian conflict

Witnesses reported Israeli drones firing missiles at targets in Gaza, followed by fighter jets attacking sites. Israel launched several airstrikes on the blockaded Gaza Strip a day after Israeli forces killed nine Palestinians – including an elderly woman – in the Jenin refugee camp, marking one of the deadliest raids in the occupied West Bank. … Read more

Wagner Group: the United States introduces new sanctions against a group of Russian mercenaries

Wagner Group: the United States introduces new sanctions against a group of Russian mercenaries

CNN — The US Treasury Department on Thursday designated the Wagner Group, a private Russian mercenary organization heavily involved in the war in Ukraine, as a major transnational criminal organization, and imposed a series of sanctions on a transnational network that supports it. The US State Department simultaneously announced a number of sanctions intended to … Read more

S&P 500 futures rise after better-than-expected GDP and Tesla results

S&P 500 futures rise after better-than-expected GDP and Tesla results

US GDP rose slightly more than expected in the fourth quarter The US economy grew at an annualized pace of 2.9% in the fourth quarter, slightly beating the Dow Jones estimate of 2.8%. The Commerce Department report comes even as inflation persists and the Federal Reserve continues to raise rates. Consumer spending rose 2.1% for … Read more

Asia-Pacific Markets, Trade Data, Bank of Japan

Asia-Pacific Markets, Trade Data, Bank of Japan

Hyundai posts bumper fourth-quarter earnings Hyundai Motor reported net profit of 1.71 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a 143.8 percent year-on-year increase. Despite the strong results, the reading was still shy of Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of … Read more

McDonald’s, In-N-Out and Chipotle are spending millions to block employee raises

McDonald’s, In-N-Out and Chipotle are spending millions to block employee raises

New York CNN — California voters will decide next year on a referendum that could overturn a landmark new law setting working conditions and minimum wages of up to $22 an hour for fast-food workers in the world’s largest state. country. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC owner Yum! The brands have each … Read more

Inflation is slowing, but high prices will persist

Inflation is slowing, but high prices will persist

A grocery store in New York. Wang Yin | Xinhua News Agency | Getty Images Inflation may cool. But, for most Americans, the price of a cup of coffee or a bag of groceries has not budged. In the coming months, the big question is whether consumers will also begin to feel relief. In recent … Read more