Apple beats on revenue and profit, expects growth to accelerate despite ‘pockets of softness’
Apple reported earnings on Thursday for its fiscal third quarter ending in June.
Intel CFO says we’re ‘on the bottom’ after company misses earnings and stock sinks
Consumers and schools aren't buying as many PCs as they were, driving a net loss for Intel. But price bumps in the fourth quarter should...
Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon on Thursday reported second-quarter results that beat on the top line and issued rosy sales guidance for the third quarter.
Chevron, Exxon post record quarterly profits as commodity prices boom
Chevron and Exxon earned record profits during the second quarter of 2022.
Higher prices help Procter & Gamble offset commodity costs, but Tide maker warns of more challenges
Procter & Gamble reported mixed quarterly results and warned it expects challenges such as rising commodity costs to persist in its fiscal 2023.
Pending home sales fell 20% in June versus a year earlier as mortgage rates soared
The decline in sales coincided with mortgage rates soaring to over 6% last month.
Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.
The economy is expected to have barely grown last quarter and it may have contracted
Economists are forecasting the economy barely grew in the second quarter, and some expect that it actually contracted.
Watch Treasury Secretary Janet Yellen talk live about the state of the U.S. economy
Treasury Secretary Janet Yellen speaks at a news conference on Thursday afternoon, following the release of second-quarter GDP data.