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Business

Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings

By makritnet August 4, 2022July 29, 2022

Results from the four largest U.S. companies by market value highlight a busy week of corporate earnings and could help determine whether the stock market can sustain its recent rally.…

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Business

Elon Musk asks judge to start Twitter trial on Oct. 17

By makritnet August 3, 2022July 29, 2022

Elon Musk asked a judge to schedule a five-day trial beginning Oct. 17, not Oct. 10 as requested by Twitter Inc (TWTR.N), to resolve his bid to walk away from…

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Business

GE posts higher earnings on recovery in aviation industry

By makritnet August 2, 2022July 29, 2022

General Electric Co (GE.N) on Tuesday surprised Wall Street with higher quarterly profit and positive cash flow as recovery in the aviation industry propelled its jet engine business, sending its…

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Business

Liberty Oilfield adding fleets, sees North American oil output rising

By makritnet August 1, 2022July 29, 2022

Liberty Oilfield Services (LBRT.N) said on Tuesday it will increase the number of hydraulic fracturing fleets it runs in early 2023 to the low forties, from the mid-thirties currently, as…

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Business

U.S. House delays consideration of stablecoin bill

By makritnet July 31, 2022July 29, 2022

A key regulatory panel will delay consideration of a broad stablecoin regulation bill for several weeks amid banking industry pushback and late tweaks to certain provisions, according to sources familiar…

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Business

U.S. opens new safety probes into Stellantis, GM, Ford vehicles

By makritnet July 30, 2022July 29, 2022

The U.S. auto safety agency said Tuesday it was opening five investigations into more than 1.8 million Stellantis (STLA.MI), Ford Motor (F.N) and General Motors vehicles over stalling and other…

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Business

3M to spin off healthcare business, earplugs unit seeks bankruptcy protection

By makritnet July 29, 2022

3M Co (MMM.N) on Tuesday disclosed plans to spin off its healthcare business into a listed company, joining a raft of U.S. manufacturers looking to simplify their business and boost…

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  • Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings
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