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WA premier 'disappointed' Alcoa could close refinery
Alcoa president and chief executive William F Oplinger told Wall Street the company was axing jobs at its Kwinana refinery. Mr Cook said the comments were "disappointing and create unnecessary uncertainty for their workforce" Alcoa employs about 4500 workers in WA and Victoria and also operates numerous mines.
How Google’s former CEO is using his $42b fortune to change the world Eric Schmidt has leveraged his $US27 billion fortune to build a powerful influence machine in Washington. The former Google CEO recently won an auction for a superyacht seized from a Russian oligarch. He owns a big stake in a secretive and successful hedge fund and he spent $US15 million ($23 million) for the Manhattan penthouse featured in Wall Street.
Costco Q4 earnings preview: High gas prices expected to fuel Costco sales, foot traffic Costco is set to report quarterly results on Tuesday. Wall Street expects adjusted earnings per share to come in at $4.76. Same-store sales are expected to rise 1.87%.
How Google’s former CEO is using his $42b fortune to change the world Eric Schmidt has leveraged his $US27 billion fortune to build a powerful influence machine in Washington. The former Google CEO recently won an auction for a superyacht seized from a Russian oligarch. He owns a big stake in a secretive and successful hedge fund and he spent $US15 million ($23 million) for the Manhattan penthouse featured in Wall Street.
Apple’s iPhone 15 Goes on Sale in Test of Holiday Resurgence The iPhone represents about half of Apple’s overall revenue. Wall Street is currently expecting Apple to report revenue of about $89.3 billion. China is of particular interest because the government is expanding a ban on iPhone use.
Oil prices creep higher, raise inflation concerns | AP News U.S. crude oil prices started rising in early summer after slipping or holding relatively steady for most of the year. The unwelcome pressure on inflation comes as prices have been generally cooling throughout 2023. Wall Street expects a similar move at the central bank’s next meeting.
Dollar General blames poor earnings, tanking stock on theft, weak consumer demand Dollar General's shares tanked Thursday after the discounter provided a bleak outlook for the rest of the year. The Tennessee-based company warned Wall Street that profits may plunge by as much as 34% compared to its previous forecast for an 8% decline to flat growth.
Stock market today: Wall Street quiet ahead of consumer, labour reports Futures for the Dow Jones industrials and the S&P 500 both inched down about 0.1%. Wall Street will get an update Tuesday on consumer confidence. The government will issue its July report on job openings.
Even Pared Back, SEC’s Private-Fund Rules Mean Hard Adjustment for Industry The Securities and Exchange Commission voted 3-2 to approve a new set of rules for private-equity firms and hedge funds. Wall Street had been awaiting with apprehension for 18 months.
Here's what Wall Street expects from Jerome Powell at Jackson Hole Jerome Powell is scheduled to speak Friday at Jackson Hole, Wyoming. Wall Street expects him to focus on inflation and interest rates. Inflation has cooled from a year ago, but the job market remains tight.
Nvidia shares up on hopes of strong results powering... Shares of the most valuable chip company had briefly scaled a record high in the previous session, but ended 2.8% lower as overall markets slipped. Wall Street expects the chip designer to report 112.6% jump in third-quarter revenue to $12.61 billion.
Nvidia shares up on hopes of strong results powering another AI rally Shares of the most valuable chip company had briefly scaled a record high in the previous session, but ended 2.8 per cent lower. Wall Street expects the chip designer to report 112.6 per cent jump in third-quarter revenue to $12.61 billion.
Nvidia shares rise as AI boom lifts hopes of another strong revenue forecast Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5 per cent surge in shares over the past week. Wall Street expects Nvidia to forecast 110 per cent growth in third-quarter revenue to $12.50 billion when it reports results on Wednesday.
Nvidia shares rise as AI boom lifts hopes of another... N Nvidia shares rise as AI boom lifts hopes of another strong revenue forecast. Wall Street expects Nvidia to forecast 110% growth in third-quarter revenue to $12.50 billion. Nvidia has more than tripled in value so far this year.
Nvidia earnings will be major test for AI demand, market rally N Nvidia shares have nearly tripled in value this year, swelling the company's market valuation by more than $700 billion. Wall Street expects the chip company to guide for a rise of about 110 per cent in third-quarter revenue to $12.50 billion.
This Week: US home sales, Nvidia earns, durable goods orders | AP News The National Association of Realtors releases its July tally of existing U.S. home sales Tuesday. A near-historic low number of homes on the market nationally and rising mortgage rates have kept many would-be homebuyers on the sidelines this year. Wall Street expects another strong quarterly snapshot from Nvidia.
Nvidia earnings will be major test for AI demand, market rally N Nvidia shares have nearly tripled in value this year, adding more than $700 billion to the company's market valuation. Wall Street expects the chip company to guide for a rise of about 110% in third-quarter revenue to $12.50 billion. Nvidia has only forecast revenue below estimates once in the past two years.
Electric Cadillac Escalade to test GM's EV strategy, cash machine The Escalade IQ is the first – and most important – traditional Cadillac model to be released as an EV. GM CEO Mary Barra and other executives have promised Wall Street that the automaker's new EVs will be profitable.
This Week: Disney reports earnings, inflation updates The Walt Disney Co. reports its fiscal third-quarter financial results on Wednesday. Wall Street expects the company´s profits to slip to 98 cents per share from $1.09 per share a year ago. Inflation in consumer prices has been cooling since June 2022.
Amazon sales boost as Prime members flock to snap up bargains The tech giant said its Prime Day sales event over July 11-12 was its largest ever, saving customers $2.5bn (£2bn) on deals. Overall sales of $134.4bn, up 11pc, and told Wall Street it expected its near-term revenues and profits to smash expectations.
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