Global Stock Market

IBM’s adjusted earnings for the third quarter of 2023 rose to $2.20 per share, versus expectations issued by the “Street Account” market research firm, which indicated $2.13 per share.The company’s revenues rose in the same period to $14.75 billion, compared to expectations which indicated $14.73 billion.The markets’ direct reaction to …

Heineken beer company’s sales declined in the third quarter of 2023 after completing exit procedures from its investments in Russia, as the Dutch company’s sales recorded a decline of 4.2% in this period.It is likely that the main reason behind the decline in sales could be the slowdown in the …

Aerospace company Boeing suffered losses in the third quarter of this year, according to earnings reports revealed on Wednesday, in addition to the company launching expectations that it will deliver fewer 737 MAX aircraft than current expectations.The American giant company’s adjusted losses were $3.26 per share, compared to expectations that …

Meta, the parent company of Facebook, achieved profits and revenues that exceeded market expectations on Wednesday, according to a financial performance report issued for the third quarter of the current.The company achieved profits of $4.39 per share, which exceeded market expectations, which indicated $3.63 per share. The company’s revenues also …

Microsoft’s stock, the American software giant, continues its upward trajectory following the release of earnings reports that revealed profits and revenues exceeding market expectations, with faster growth than anticipated. The reports highlighted a remarkable 27% increase in the company’s net income during the third quarter of this year. Furthermore, there …

Microsoft beat analysts’ predictions for revenue and earnings per share when it released its quarterly earnings after the bell on Tuesday. The tech giant beat consensus estimates by reporting revenue of $56.5 billion for the quarter.Adjusted earnings per share (EPS) peaked at $2.99 as opposed to the expected $2.66. During …

Wall Street is continuing a monthslong run where it’s slavishly followed the cue of the bond market. The S&P 500 shook off a weak start and was up 0.3% in midday trading. The benchmark index is coming off its worst week in a month. Early Monday morning, the yield on …

US stocks fell on Thursday as Wall Street parsed comments from Federal Reserve Chair Jerome Powell while monitoring a key milestone for a closely followed bond yield. The S&P 500 slipped 0.2%, while the Nasdaq Composite shed 0.3%. The Dow Jones Industrial Average lost 21 points, or 0.1%. Powell said …

Morgan Stanley’s Q3 profits fell 9% from a year ago due to a decline in investment banking and trading revenue, indicating that Wall Street is still struggling to recover from a prolonged slump. The bank’s stock fell by 8%, marking its largest single-day drop in over three years. Morgan Stanley’s …

US equities dipped and Treasury yields soared on Tuesday as strong economic data and strong third-quarter earnings suggested that the Federal Reserve will continue to tighten policy for an extended period of time.All three major US indices were slightly lower at the end of trading, with interest-rate-sensitive MegaCap shares taking …