Exxon Mobil Reports Impairment Charge in Fourth Quarter
Exxon Mobil, the largest oil company in the United States, announced that it will be taking an impairment charge in the fourth quarter due to issues in California. This comes…
The U.S. Dollar Shows Strong Start in 2024
The U.S. dollar is off to a strong start in 2024, bouncing back after a challenging period that left the currency oversold at the end of last year, as per…
The Rebirth of 1970s SUVs
The resurgence of the 1970s is one of the most prominent trends of the 2020s. Notably, Lynda Carter has once again become an icon. Last November, America mourned the loss…
Boeing 737 MAX Emergency Door Incident: Stock Prices Drop, Investors Concerned
A recent incident involving a Boeing 737 MAX-9 operated by Alaska Air Group has caused quite a stir in the aviation world. During a flight, an "emergency door plug" became…
Bank of America Takes $1.6 Billion Charge for Libor Transition
Bank of America Corp. has announced that it will take a noncash pretax charge of approximately $1.6 billion in its fourth-quarter report. This charge is related to the global transition…
Nvidia Corp. Enters Record Territory and Announces Expanded Partnerships
Shares of Nvidia Corp. (NVDA) are continuing to rally, reaching record territory for the first time in nearly two months. This surge comes after the semiconductor and artificial-intelligence company announced…
Uncovering Potential Bargains in the Stock Market
Investors are facing a challenging task of identifying cheap stocks in the constantly rising S&P 500. As the index surges to new heights, currently up 15% from its recent low…
Banks and Financial Institutions Brace for Earnings Season
Shares of banks and other financial institutions have experienced a significant boost as they prepare for the upcoming earnings season. J.D. Joyce, president of Houston financial advisory Joyce Wealth Management,…
Government Hiring’s Impact on Job Growth
The employment recovery in the midst of the pandemic has seen a positive boost from government hiring. However, it appears that this trend may be coming to an end. December…
Stock Futures Point Lower as Tech Stocks Rally
Stock futures are pointing lower on Tuesday following a rally in tech stocks to start the week. Despite this, the Dow Jones Industrial Average managed to rebound and close higher…
BlackRock to Lay Off 600 Employees Amid Economic Changes
Investment-management giant BlackRock Inc. has announced plans to lay off around 3% of its staff, roughly 600 employees, due to the "rapidly changing" economic environment and shifts in client demands.…
Battery-Electric Vehicles Drive Strong Sales in 2023
Battery-electric vehicles (BEVs) have had an exceptional year, defying various challenges and recording impressive sales figures. In the fourth quarter of the year, Americans purchased 317,168 BEVs, marking a significant…