Atlanta-based carrier raises target for share buybacks to $3 billion this year UPS’s revenue per piece shipped grew nearly 12% year over year.PHOTO: SPENCER PLATT/GETTY IMAGES UPS 3.53%▲United Parcel Service Inc. said higher fuel surcharges and shipping rates helped offset a larger-than-expected decline in packages shipped in the second quarter. Average daily shipping volume fell 4% in […]
Apple iPhone Sales Remain Resilient as Company Reports 11% Decline in Profit Chief Executive Tim Cook says there isn’t ‘obvious evidence’ that macroeconomic factors are affecting smartphone sales Apple Inc. AAPL 0.36%▲ reported an almost 11% decline in profit after weathering supply constraints and shutdowns in China, although iPhone sales continued to grow, remaining resilient despite economic challenges. The […]
Powell expects further increases even as some indicators show signs of softening. As part of its effort to cool down the economy, the Federal Reserve ratcheted up rates on Wednesday. By the time of its next policy-setting meeting in September, temperatures could be a lot lower. Fed policymakers raised their target range on overnight rates […]
Microsoft’s revenue grew 12% in the June quarter from a year earlier. Microsoft MSFT –2.68% stock moved higher after the software giant posted results slightly below estimates but showed continued strong demand for the company’s cloud-computing business. The company also said it expects double-digit revenue and profit growth for its June 2023 fiscal year. Slowing PC demand […]
The audio streaming company surpassed forecasts, growing its subscriber base by 19% in its second quarter to reach 433 million monthly users Spotify Adds Subscribers, Ad Revenue Despite Fears of U.S. Economic Malaise Spotify Technology SA reported accelerated user growth and a lift in advertising revenue in the most recent quarter as the streaming giant thwarts […]
The link to the article is here: Jim Cramer’s week ahead: CNBC’s Jim Cramer on Monday told investors that the Federal Reserve’s actions this week could lead to a bull market. “If [Fed Chair] Jerome Powell says, ‘we’re getting a 75 basis point rate hike and then we’ll see what happens’ … then you […]
Walmart warned that higher prices for food and fuel were causing consumers to pull back, an ominous sign for the U.S. economy that has relied on resilient household spending power through rising inflation. The country’s largest retailer, which warned in May that it was stuck with too much unsold goods, said on Monday that it was having […]
Major earnings week coming up with 7 out of the top 11 largest companies reporting. How the market will react to earnings is completely random. Even trading close to earnings is a risk as price may move less technically and more influenced by the event regardless of technical setup. If that is not enough, we […]
The Fed is expected to increase its benchmark rate by three-quarters of a percentage point as it faces enormous pressure to avoid causing a recession. Facing inflation that keeps soaring to new peaks, the Federal Reserve is slated to raise interest rates again Wednesday to fight it. Several Fed leaders are leaning toward a hike of three-quarters […]
2022 Federal Reserve Stress Test Results The Federal Reserve System is the central bank of the United States. It performs five key functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve Conducts the nation’s monetary policy to promote maximum employment and stable prices in the […]
JPMorgan Halts Share Buybacks as Earnings Miss Estimates Bank adds $428 million to reserves for potentially bad loans Dimon says firm preparing for ‘range of economic environments’ JPMorgan Chase & Co. temporarily suspended share buybacks and reported second-quarter results that fell short of analysts’ estimates, driving the stock as much as 5.1% lower. The buyback pause […]
With the second FOMC meeting of 2022 in the books. Now is a good time to take a deeper look at what the Federal funds rate is and how it correlates to everyday life. As of March 16th, 2022 the Federal Reserve raised interest rates for the first time since 2018. This move was to […]
Today was the first Federal Reserve meeting since the rate increases were announced for 2022. Jerome Powell has said previously the Fed would evaluate all options available to them to combat inflation concerns. This included the Fed would halt their asset purchase program at a future undecided date. The main focus today was the anticipated […]
With global energy security no longer as stable as it was a month ago, it comes as no surprise more automakers have made their intentions clear to speed up their transitions away from fossil fuels. Although most legacy automakers are moving the way of battery-powered electric vehicles, Toyota is looking to break away from the […]
Facebook, or Meta stock prices have been taking a beating for the past few months, and part of the reason according to Zuckerberg was Apple, inc. Zuckerberg said that Apple changing its privacy policies has negatively impacted their ad revenue, effectively wiping away potentially 10 billion in revenue for Meta. While they are still one […]
What is the Falling Wedge Patten? A falling wedge pattern is a chart pattern that signals future bullish movement in price. Depending on what the previous trend was, this chart could either be considered a continuation pattern or a reversal pattern. The pattern is formed by two downward sloping, converging trendlines. See the below picture […]
Legacy automakers have been struggling to keep up with production due to ongoing supply issues, mainly their reliance on certain semiconductor chips that continue to be in high demand but low supply. While in contrast, certain companies like Tesla have worked their way around the shortage, producing and delivering cars at a record pace for […]
January 26th, 2022 $SPX After very aggressive moves from the upside to the downside last week and earlier this week, SPX and SPY are both consolidating. We are currently forming a Doji on the weekly candle. As we go into the second half of the week, be on the lookout to see whether we […]
January 26th, 2022 $UPST Upstart Not really sure why, but I am absolutely loving this chart and this chart setup. I see a few things here and I will explain them in detail in this post. Summary: Upstart is currently profitable and is experiencing triple-digit revenue and earnings growth. Upstart’s business model could have huge […]
Chair Jerome H. Powell said Fed officials believe the economy is strong the labor market is close to full employment and it’s time to tackle inflation. Well, the first FOMC meeting is officially in the books, Chairman Jerome Powell held the much-anticipated conference at 2 pm today and answered questions from reporters shortly after. […]
Tiger-Wolf Capital. All Rights Reserved.
