The Dow Jones Industrial Average today is climbing after positive economic news.
The U.S. Commerce Department reported Q3 GDP jumped 2.9%.
The Dow Jones Industrial Average today is climbing after positive economic news.
The U.S. Commerce Department reported Q3 GDP jumped 2.9%.
The Dow Jones Industrial Average today rallied after oil prices and biotech stocks surged.
The Dow Jones Industrial Average slumped today after a weak jobs report for September.
The first presidential debate made it clear Clinton Trump don't understand today's markets.
Here's why neither candidate will be able to fix the global economy...
The Dow Jones Industrial Average today rallied after the Fed announced no rate hike for September.
The Dow Jones Industrial Average today fell 46 points after traders reacted negatively to an ECB rate announcement.
The central bank said it will leave its interest rates unchanged.
Here's a closer look at only the most important investing news of the day...
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ExxonMobil (NYSE: XOM) earnings came up short this morning. The oil giant missed analysts' expectations by about 9 cents.
Steve Schaefer at Forbes runs down the numbers:
"The energy giant recorded earnings of $9.5 billion, or $2.00 per share. Those figures were down 11% and 7%, respectively, from the first quarter of 2011, and earnings per share were below the $2.09 analyst consensus. Revenue of $124.1 billion was up 8.8% from a year ago, but just shy of the $124.8 billion expected.
Earnings in Exxon's upstream, or exploration and production, fell 10.1% from a year ago, to $7.8 billion, while downstream earning, which include refining, were up 44% from the prior year to $1.6 billion, thanks largely to gains from asset sales and improvements in volume and mix."
This earnings miss is the least of Exxon's short-term worries as we head into the summer months and the election heats up. There are a lot of problems for the company to overcome all at once – but it shouldn't send ExxonMobil investors headed for the exits.