Category: News

Oil prices dipped on Tuesday as informal talks between the United States and Iran restarted, possibly restarting a nuclear deal that would see restrictions on Iranian oil shipments lifted, bolstering global supplies. Brent crude was trading at $92.55 a barrel at 03:47 GMT, down 40 cents, or 0.15 percent, after touching a seven-year high of…

Ford Motor Company’s stock dropped after the company published fourth-quarter earnings on Thursday that fell short of Wall Street projections on both earnings and revenue. In after-hours trading, the company’s stock dropped by more than 6%. The stock fell 3.6 percent to $19.79 per share on Thursday. Ford’s annual profitability projection for 2021 was met,…

The stock of Facebook owner Meta Platforms Inc (FB.O) fell more than 20% late Wednesday after the social media giant issued a weaker-than-expected projection, blaming Apple’s privacy rules and more competition for users from rivals such as TikTok. For the first time, Facebook’s worldwide daily active users fell from 1.930 billion to 1.929 billion in…

Earnings reports from the United States have been less remarkable this quarter than in previous quarters, giving some investors another cause to be concerned after Wall Street turbulent start to the year. Disappointments from corporations such as Goldman Sachs Group (GS.N), which failed quarterly profit forecasts, and Netflix Inc, which provided a negative projection, have…

Asian stocks rose on Monday as Wall Street futures stabilized, but there will be more tests coming as UK interest rates are set to climb this week, and rising oil prices add to inflation concerns. Due to the Lunar Winter Holidays, trading volumes were light, and MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS)…