Earnings

Oil dives while recession fears rise: Gas prices are about to fall

Oil dives while recession fears rise: Gas prices are about to fall

Updated at 11:25 AM EST Global oil prices extended the falls on Wednesday as investors placed bets on crude oil and commodity demand amid rising signs of recession in the world’s largest economy. Price action was also affected by the news that Mohammad Barkindo, OPEC Secretary-General, has died at the age of 63 just hours …

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Walmart tells suppliers that there will be new fuel and pickup fees

Walmart tells suppliers that there will be new fuel and pickup fees

Walmart Inc. said it would charge some of its suppliers a new fee for transporting goods to its warehouses and stores, according to a memo seen by The Wall Street Journal, the latest example of how companies seek to compensate for rising costs for things like transportation and fuel. Companies using Walmart to transport goods …

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Amazon, Microsoft, Google Strengthen the grip on the cloud

Amazon, Microsoft, Google Strengthen the grip on the cloud

The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now that the economy is entering another tumultuous phase, Amazon.com Microsoft and Google seems ready to expand their strength. According to Synergy Research Group, the three companies accounted for 65% of the $ 53 billion in global cloud service …

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Bonds flash a warning light for recession when the key part of the yield curve returns

Bonds flash a warning light for recession when the key part of the yield curve returns

The bond market is flashing with a warning that the economy may fall or has already fallen into recession, according to a closely monitored target. Market professionals see the spread on the Treasury’s yield curve or the difference between government interest rates with a longer duration and returns with a shorter duration. Usually, returns with …

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Ford’s sales in the United States rose 32% in June, surpassing the broader industry

Ford’s sales in the United States rose 32% in June, surpassing the broader industry

Ford Motor reported a nearly 32% increase in U.S. sales in June, knocking out a large portion of the industry as it improved truck and SUV supplies and took advantage of the rollout of a new all-electric pickup. Overall, sales in the U.S. auto industry fell by 11% in June, according to Ford, reflecting continued …

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Tesla’s uneven neighborhood may be about more than shutdowns in China

Tesla’s uneven neighborhood may be about more than shutdowns in China

The smooth acceleration shown by Tesla in the past two years faltered in the second quarter. CEO Elon Musk has given hints that the problems go deeper than lockdowns in Shanghai. On Saturday, Tesla reported quarterly deliveries of 254,695, down from 310,048 in the first three months of the year. The news came as no …

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Spotify competitor Deezer’s shares fall in trading debut

Spotify competitor Deezer’s shares fall in trading debut

PARIS – Shares in French music streaming service Deezer fell on their first trading day, a fresh sign of the difficult environment facing startups and loss-making companies. The Paris-based competitor to music streaming services, including Spotify technology SA saw its shares fall by more than a quarter on Tuesday, the company’s first day on the …

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Spotify competitor Deezer’s shares fall in trading debut

Spotify competitor Deezer’s shares fall in trading debut

PARIS – Shares in French music streaming service Deezer fell on their first trading day, a fresh sign of the difficult environment facing startups and loss-making companies. The Paris-based competitor to music streaming services, including Spotify technology SA saw its shares fall by more than a quarter on Tuesday, the company’s first day on the …

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