Global Stock Market

Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …

Microsoft shares fell 1% in extended trading on Tuesday after the software maker reported fiscal fourth-quarter results that failed to reach Wall Street consensus.Microsoft’s revenue and income fell short, as did the company’s revenue from Azure and other cloud services. Changing exchange rates and challenges in advertising and the PC …

Shares of Alphabet were higher in late trading Tuesday after the Google parent reported earnings that were only slightly worse than expectations and Alphabet shares have lost about a quarter of their value this year.Advertising revenue increased just 12% to $56.3 billion, as marketers reeled in their spending to manage …

US stocks were sharply lower on Tuesday afternoon, with Nasdaq down more than 2%, as a profit warning by Walmart dragged down retail shares and fueled fears about consumer spending.Walmart shares had fallen 8% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for …

US shoppers buy less than they normally used to. This is because prices have risen by double-digit percentages. Walmart warned that big-ticket items are still unsold. Walmart headed to news headlines for a couple of reasons.Firstly; Walmart warned investors that its profits are expected retreat because rising prices are forcing …

McDonald’s reported on Tuesday second-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. McDonald’s announced earnings per share of $2.55 on revenue of $5.72B. McDonald’s shares are up 5% from the beginning of the year, still down 7.66% from its 52-week high of $271.15 set on …

This week’s trading started amid lower risk appetite although the better performance of US equities has weighed on the US dollar since the European session. The lack of news was perfectly good news for high-yielding currencies. The GBP/USD pair trades at around 1.2050, while AUD/USD nears July high at 0.6977. …

Shares of Whirlpool rose 2% after the home appliance company beat on profit estimates in its second quarter. Whirlpool reported earnings of $5.97 per share, beating consensus estimates of $5.24 per share.The company’s net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) was a result of …

The S&P 500 seesawed on Monday and ended close to unchanged as investors girded for an expected rate hike at Fed’s meeting, this week and earnings from several large-cap growth companies.The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector …

The Dow Jones Index surged on Monday as investors braced for a Fed meeting during the week and earnings from some of the biggest companies to measure the impact of the stronger dollar and soaring inflation, while the Nasdaq slipped as technology firms fell.The Dow Jones Industrial Average (.DJI) was …