On Tuesday, Coca-Cola raised its revenue forecast for 2022 after being encouraged by robust consumer demand for its sodas. Like many companies, Coca-Cola has had to increase prices amid rising costs, but the higher-priced carbonated drinks are still coveted by the beverage company’s dedicated consumers. During the second quarter, global...
Natural gas prices are up by more than 70 percent for July as higher temperatures fuel demand and European countries move to push away from their Russian dependency on fuel. On Tuesday, U.S. natural gas futures were more than 11 percent higher at one point, reaching $9.75 MMBtu (per million...
On Thursday, the Nasdaq Composite index rose more than 1 percent higher amid shares of Tesla surging after a better than anticipated earnings report. The Nasdaq closed at 12,059.61 and gained 1.36 percent for the session. Meanwhile, the Dow Jones Industrial Average rose 162.06 points, or 0.51 percent higher in...
Cruise line stocks, including those for Royal Caribbean, Carnival, and Norweigan, jumped on Tuesday after the Centers for Disease Control announced that it was ending its Covid-19 cruise ship program.  The CDC’s program was designed with a color-coded system highlighting vaccination and testing statistics and required passengers to get tested....
Delta Air Lines is the first U.S. airline to post a profit for the second quarter. American Airlines and United Airlines will report their second-quarter earnings next week. According to Refinitiv, Delta’s second-quarter revenue was $13.82 billion, just a little higher than the $13.57 billion expected by analysts. The company...
Wall Street rallied on Thursday, building on a current winning streak just ahead of a monthly jobs report. The Nasdaq 500 headed into a four-day winning streak, landing 2.5 percent higher at 3,902.62. Meanwhile, the Dow Jones Industrial Average added 346.87 points to settle at 31,384.55, or 1.12 percent higher,...
Samsung’s shares were up on Thursday after the company posted a “better than feared” earnings guidance for its second quarter. The positive guidance came as chip stocks have seen increased pressure amid supply chain problems and rising inflation that has put a damper on consumer demand. But the South Korean...
Berkshire Hathaway has announced that it has increased its stake in Occidental Petroleum and purchased another 9.9 million shares of the company’s stock. Berkshire’s latest purchase gives the multinational conglomerate holding company a 17.4 percent stake in the hydrocarbon exploration and oil company. Berkshire, led by CEO Warren Buffett, paid...
After suffering losses for the first six months of 2022, Wall Street rallied in the first trading session for the second half of 2022. On Friday, stocks rose to begin the third quarter on a positive note. The Dow soared by 321.83 points to finish at 31,097.26, gaining 1.1 percent....
On Thursday, Wall Street stocks shed points and the S&P 500 closed out the worst six months of the year since 1970. The Dow Jones slid by 253.88 points to 30,775.43, or 0.8 percent lower. Meanwhile, the Nasdaq retreated by 1.3 percent, ending at 11,028.74, and the S&P 500 fell...