Author: FX
© Reuters. Chevron earnings beat by $0.10, revenue topped estimates Investing.com – Chevron (NYSE: ) reported second quarter EPS of $3.08, $0.10 better than the analyst estimate of $2.98. Revenue for the quarter came in at $48.76B versus the consensus estimate of $47.62B. Chevron’s stock price closed at $158.69. It is down -4.39% in the last 3 months and up 6.88% in the last 12 months. Chevron saw 2 positive EPS revisions and 12 negative EPS revisions in the last 90 days. See Chevron’s stock price’s past reactions to earnings here. According to InvestingPro, Chevron’s Financial Health score is “great…
People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 7.1882more to come Source link
Share: GBP/USD remains indecisive after positing the biggest weekly loss in six months. Cable pair seesaws between 100-EMA and 200-EMA as oscillators fade bearish bias. Two-month-old ascending support line acts as additional downside filter. Pound Sterling’s recovery needs validation from 1.2980, UK/US PMI for July. GBP/USD remains sidelined while licking its wounds around 1.2850 after the heavy weekly fall during early Monday morning in Asia. In doing so, the Cable pair seesaws between the 100 and 200 Exponential Moving Average (EMA) as the oscillators appear poking bears ahead of the key preliminary readings of the UK and US…
Justin Sullivan/Getty Images News Chevron (NYSE:CVX) reported preliminary Q2 earnings Sunday totaling $6.01B and adjusted earnings of $5.77B, or $3.08/share, above the $2.97/share Wall Street consensus estimate. The results were below Q1 earnings of $6.57B and year-ago quarterly earnings of $11.62B, as well as adjusted earnings of $6.74B in Q1 and $11.36B in the year-earlier quarter. Chevron (CVX) said its Permian Basin production set a quarterly record in Q2, rising 11% Y/Y to 772K boe/day, and is on track to meet its full-year guidance. Q2 shareholder distributions hit a quarterly record $7.2B, including $2.8B in dividends and $4.4B in stock…
Whirlpool Q2 2023 Earnings Preview Source link
4/4 © Reuters. The main CN Rail line which leads to the port of Halifax is suspended over a washed-out culvert, after the heaviest rain to hit the Atlantic Canadian province of Nova Scotia in more than 50 years triggered floods, in Truro, Nova Scotia, Canada July 23, 20 2/4 By Nia Williams (Reuters) – Canada’s East Coast province of Nova Scotia began cleaning up on Sunday after torrential rainfall caused devastating floods, while the search continued for four people including two children who went missing during the deluge. The storm, which started on Friday, in some places dumped more…
Mario Tama Soon after Johnson & Johnson (NYSE:JNJ) topped expectations with its Q2 2023 results last week, Baird came up with a report indicating brighter days for MedTech, mainly due to accelerating medical procedure volumes and a waning COVID impact in China. With their MedTech divisions recording double-digit percentage growth, JNJ (JNJ) and its rival medical device maker Abbott Laboratories (ABT) posted better-than-expected Q2 results on Thursday, rallying the subsector. iShares U.S. Medical Devices ETF (IHI) recorded its second consecutive weekly gain, rising ~1.6% compared to ~0.7% in the S&P 500. “From a high level, we believe JNJ’s above-expected Q2…
MARKET OUTLOOK:Interest rate decisions by the Fed, the European Central Bank and the Bank of Japan will steal the spotlight next weekThe second quarter U.S. GDP report and June PCE data are other highlights on the economic calendarInvestors will also be paying attention to earnings season, with Microsoft, Alphabet and Meta reporting results in the coming days. Recommended by Diego Colman Get Your Free Gold Forecast Most Read: Euro Forecast: EUR/USD and EUR/GBP’s Path Tied to Fed and ECB Policy OutlookVolatility is likely to increase sharply across markets in the coming week, with several major central banks expected to announce…
Share: S&P 500 corrective mode following TSLA, NFLX earnings and Thu manufacturing plus unemployment data, continued Friday – too early yet to call this correction as over as the encouraging open had been eventually sold into. It‘s all about Fed tightening bets meeting soft landing estimates. Well, what estimates I say when LEIs are still in decline mode for 15 straight months, yield curve is inverted etc? Messing up with traditional timing models for late Q3 recession is the already a few times mentioned excess savings and highly expansive fiscal policy and various remnants of corona era policies,…
(Reuters) – Hurricane Don has weakened to a tropical storm, the U.S. National Hurricane Center (NHC) said on Sunday. The storm was located about 320 miles (515 km) southeast of Cape Race, Newfoundland and packing maximum sustained winds of 65 miles per hour (105 kph), the Miami-based forecaster said. NHC forecast the storm would weaken further and said Don was likely to lose tropical storm status on Sunday or Monday. Source link