UPDATE 1-Current US earnings season points to growth, defying expectations

·

·

UPDATE 1-Current US earnings season points to growth, defying expectations

(Updates with details on companies). By Caroline Valetkevitch. NEW YORK, Jan 30 (Reuters) – Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv. Earnings for the quarter are …
See Original Article

Altria stock slammed as Juul stake leads to another multi-billion charge

‘I’m highly disappointed in the financial performance of the Juul investment,” CEO tells analysts and reporters. Getty Images. By. CiaraLinnane. Corporate news editor. Shares of tobacco giant Altria Group Inc. were slammed Thursday, after the company …
See Original Article

Coke still quenching thirsts — but often with coffee, enhanced water, sports drinks

New drinks like Coca-Cola Plus Coffee helped Coca-Cola Co. to a better-than-expected fourth quarter. The Atlanta beverage maker said sales of fizzy drinks rose 3% for the quarter and 2% for the year, driven by strong sales in China, Brazil and Southeast …
See Original Article

Federal Reserve Proposes Loosening Rules on Bank Investments

WASHINGTON — The Federal Reserve approved a proposal Thursday to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. The proposal would affect the so-called “Volcker Rule,” which was created after the 2008 …
See Original Article

Warren Buffett shredded after his move to get out of the newspaper business

That’s Todd Cooper, president of Omaha World-Herald Guild, reacting to Warren Buffett’s sale of his hometown paper to Lee Enterprises LEE, -7.14% , a national chain. The Berkshire Hathaway BRK.A, -0.38% billionaire “missed a chance to forge a vibrant, …
See Original Article



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.