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Monthly Archives: October 2019

Chevron and Exxon are about report earnings, but traders only back one

Get ready for the Dow’s Big Oil plays to release earnings. Chevron and Exxon Mobil are gearing up to report about their recent quarters before the bell Friday, joining the more than two-thirds of Dow components that have already posted results. But, the two are not equal, according to Craig …

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Jobs numbers out Friday, but another report could be more important

Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected …

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Exxon, Chevron expected to post steep drops in earnings

Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. …

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Jobs data, manufacturing data, exxon earnings

A worker builds a 2020 Ford Explorer car at Ford’s Chicago Assembly Plant in Chicago, June 24, 2019. Kamil Krzaczynski | Reuters Here are the most important things to know about Friday before you hit the door. 1. Slowing jobs data The Labor Department will release nonfarm payrolls and unemployment …

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How House members voted on Trump impeachment investigation resolution

When the House approved the guidelines for its impeachment inquiry into President Donald Trump on Thursday, more than two dozen Democrats chose to move forward with the probe despite possible political peril. The Democratic-held chamber approved a resolution setting up its impeachment probe strategy by a margin of 232-196. Two …

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Halloween shoppers ditch brick-and-mortar stores to buy costumes online

Revelers attend the Halloween Parade in New York City. Mario Tama | Getty Images Halloween shoppers are ghosting traditional brick-and-mortar stores in favor of shopping online for their costumes, according to 1010data’s eCom Market Benchmark report. It’s a big and growing business. The National Retail Federation estimates that the average …

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Biotech stocks win October, rallying 8%

A Biogen Idec lab technician Suzanne Kreiter | The Boston Globe | Getty Images Biotechnology stocks are emerging as the standout performers in October.  The Biotech ETF (IBB) is up 8% this month, while the S&P 500 is up about 2% in October. The IBB is on pace for its …

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Student debt forgiveness could become a bipartisan issue

MACON, Ga. — At 5:01 a.m. on Thursday October 24, Dr. Wayne Johnson, who was hired by the Trump administration to oversee the country’s $1.6 trillion in student loan debt and its 44 million borrowers, submitted his resignation letter to Education Secretary Betsy DeVos. Around an hour later, Johnson made …

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Sharing the View From Way, Way Down Under

“The beauty contradicts the danger.” These words appear on the first page of Jill Heinerth’s memoir, “Into the Planet: My Life as a Cave Diver,” and they give a good sense of all that’s to come. In that opening scene, Heinerth and some of her colleagues are inside a cave …

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The last time GE did this, it plummeted 20% in little over a week

General Electric stock surged as much as 14% after the company beat on earnings and boosted its free-cash-flow guidance. However, Wednesday’s gains may have set it up for a troubling parallel. Its relative strength index, a momentum measure, has peaked at above 70, indicating overbought conditions. The last time it was …

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