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Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins
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U.S. Natural Gas Futures Snap Three-Week Losing Streak
U.S. natural gas futures posted their biggest weekly gain since January, supported by reports of rising LNG feedgas flows, lower U.S. production, and forecasts for hot weather in Texas next week that should drive up demand from the power sector.The Wall Street Journal - World -
Bowlero’s stock slides 18% after earnings fall short of estimates and company offers soft guidance
Chief Executive and Founder Thomas Shannon said the quarter started slowly due to weather.MarketWatch - Business -
Tyson Foods’ stock turns lower after sales miss, as chicken remains weak
Tyson Foods’ stock reversed course to trade sharply lower, after the meats company reported fiscal second-quarter sales that fell below expectations, as continued weakness in chicken and market-share losses offset a profit beat.MarketWatch - Business -
S&P 500 Climbs With More Earnings in Focus
Stock indexes were climbing after last week’s not-too-hot jobs report, which boosted hopes of an interest-rate cut this year.The Wall Street Journal - World -
Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
Why Coinbase’s stock is shrugging off a monster earnings beat
Analysts saw a few reasons to quibble, including a potential slowdown this quarter.MarketWatch - Business -
Biden's natural gas pause could complicate Pennsylvania strategy
The Biden administration’s pause on natural gas exports is putting the president in a tricky political spot in Pennsylvania, one of the key swing states in November. Pennsylvania has been one of the biggest beneficiaries of the last decade’s ...The Hill - Politics - Joe Biden -
U.S. Natural Gas Futures Add To Gains On LNG, Power-Sector Demand
U.S. natural gas futures extended last week’s gains, backed by LNG feedgas demand and prospects of more power-sector use.The Wall Street Journal - World -
U.S. Natural Gas Futures Extend Rally to Three Days
U.S. natural gas futures rose for a third straight session, supported by rising LNG feedgas demand, lower U.S. production and some hot weather forecasts for Texas.The Wall Street Journal - World -
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple
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Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
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Hamas says it accepts cease-fire proposal from Egyptian, Qatari mediators, as U.S. and Israel review details of plan
CIA Director William Burns helped facilitate negotiations as the talks heated up over the weekend.CNBC - Business - Israel -
Ex-CEO Howard Schultz says Starbucks needs to revamp its stores after big earnings miss
In its latest quarter, Starbucks reported a surprise decline in same-store sales and slashed its full-year forecast.CNBC - Business -
Renters' hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.CNBC - Business - New York -
Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025
Exxon claims right of first refusal on Hess' assets in Guyana under an agreement that governs a consortium developing the country's oil resources.CNBC - Business