NEW YORK (Reuters) - U.S. companies are beating analysts’ expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo/File Photo The trend underscores fears about a potential decline in earnings this year, even as stocks just closed their best January in more than three decades, as the benchmark S&P 500 index rebounded from a swoon late last year. “It does get tricky here as this quarter plays out if companies continue to see weakness. Then, there’s going to be an issue and investors will become very concerned,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. Fourth-quarter earnings are estimated to … [Read more...] about U.S. corporate earnings trend stokes concern about 2019 outlook
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By Ira Iosebashvili WSJ Amrith Ramkumar WSJ Wed., Jan. 23, 2019 Stocks, bond yields, commodities and other risky assets have continued moving in lockstep lately, raising hopes that this year’s nascent rebound will continue but also fueling worries momentum could once again reverse. Correlations across assets have hit their highest level in almost a year, with the S&P 500, the 10-year U.S. Treasury yield and U.S. crude oil moving in tandem in nine of the last 12 sessions. A six-day run of declines for the asset classes earlier this month was the longest streak since June, according to Dow Jones Market Data. Worries over global growth resurfaced this week, pushing stocks, oil and Treasury yields lower once again Tuesday. The International Monetary Fund a day earlier cut its outlook for world economic growth, while official data showed that China’s economy expanded at its slowest pace in nearly three decades last year. The moves have caught … [Read more...] about Assets in Lockstep Stoke Volatility Fears
By Koustav Samanta and Khanh VuSINGAPORE/HANOI (Reuters) - Vietnam's jet fuel demand will surge to a record this year as its tourism industry attracts a wave of new visitors and the country's airlines are rapidly expanding.The country is on track to have 38 million international passengers and 16 million visitors this year, according to data from CAPA Centre for Aviation. That is up from 18 million passengers and 8 million visitors in 2015, according to the data. gi "Aviation demand in Vietnam is booming... Fuel consumption in Vietnam will reach a record high this year and will keep rising for the years to come," said Tran Hoai Nam, vice president of Vietjet, Vietnam's biggest private airline.He added Vietnam's growth in foreign arrivals was the highest in Southeast Asia, rising 8.7 percent annually. The surge in traffic has translated into a rush of jet fuel demand in Vietnam. Through November, the country has imported 1.87 million tonnes of the fuel, according to customs data, equal … [Read more...] about Flood of new passengers to stoke demand for jet fuel in Vietnam
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Hiawatha Bray Globe Staff December 07, 2018 Have we reached peak iPhone?For more than a decade, consumers couldn’t get enough of Apple’s beloved smartphones. But that may be changing. The latest hint comes from Apple itself, which during the Christmas shopping season is offering trade-in deals on its newest phones.It’s just one of many signs that have sent Apple’s stock reeling: The shares have lost a quarter of their value since October. Advertisement Does all of this add up to a fateful turning point for Apple? Perhaps — and that might not be such a bad thing. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news, delivered weekdays. Thank you for signing up! Sign up for more newsletters here Consider the fate of Microsoft Corp. Once the world’s dominant tech company, … [Read more...] about Apple’s holiday deals: a sign of weakness, or a clever move to boost revenue?
By Ezequiel Minaya The Wall Street Journal Lynn Cook Fri., Nov. 30, 2018 The rise of online shopping, and the dominance of Amazon.com Inc., has upended the retail sector, leaving behind plenty of old-line, big-name stores. But several traditional brands are managing the transition well, according to a new ranking compiled by the Drucker Institute of the most effectively run U.S. companies. Among the highlights for retailers in this year’s Management Top 250 rankings—which evaluate companies on customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength—Home Depot Inc. remains a standout in financial strength. The big-box heavyweight, which has strong same-store sales and a stock price that has more than doubled over five years, ranks in the top 1% for financial strength among the more than 750 companies evaluated by Drucker. Now the company is pouring $1.2 billion (U.S.) into speeding up … [Read more...] about These old-line retailers are among the top-managed companies