Author: pluginever

With dollar getting weaker, and inflation hurting every industry, are assets and stocks being propped up as a means for people to keep their investments steady with inflation? Is this faith in the stock market going to blow up as more and more companies miss estimates – as they clearly cant maintain a high RoR…

https://www.reuters.com/business/energy/canadas-long-delayed-trans-mountain-oil-pipeline-set-start-operations-2024-05-01/ May 1 (Reuters) – After 12 years and C$34 billion ($25 billion), Canada's Trans Mountain pipeline expansion project (TMX) began commercial oil shipments on Wednesday, a major milestone expected to transform access to global markets for the country's producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many…

Block stock falls on NBC News report that federal prosecutors are examining financial transactions- https://www.nbcnews.com/news/amp/rcna147181 Was curious to see anyone’s thoughts on this. I got the notification that SQ was tanking. Apparently, some whistle blowers stepped up and talked about the financial side of Block and transactions with terrorist groups.

Amazon shares rose in extended trading on Tuesday after the company reported better-than-expected revenue and earnings. Here’s how the company did: Earnings per share: 98 cents vs. 83 cents expected by LSEG Revenue: $143.3 billion vs. $142.5 billion expected by LSEG Wall Street is also watching several other numbers in the report: Amazon Web Services:…

Starbucks on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations. Shares of the company fell 8% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 68 cents adjusted vs. 79 cents expected Revenue: $8.56 billion vs.…

The Federal Trade Commission will wave through Exxon Mobil’s roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC. The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, the source said. The…

https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8 The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, The Associated Press has learned, a historic shift to generations of American drug policy that could have wide ripple effects across the country. In October 2022, Biden tasked the AG and HHS to review cannabis' schedule on the controlled substances act. It…

Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO’s email to senior managers. Rebecca Tinucci, senior director of the electric vehicle maker’s Supercharger business, and Daniel Ho, head…

Pfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefitting from its broad cost-cutting program and strong sales of its non-Covid products. The company now expects to book adjusted earnings of $2.15 to $2.35 per share for the fiscal year, up from its prior guidance of $2.05 to $2.25…

New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial loans and higher expenses, but the lender’s stock surged on its new performance targets. The first-quarter loss, equal to 45 cents per share, compared to net income of $2.0 billion, or $2.87 per share a…