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    London (CNN Business)The highest oil prices in a decade. A renewed government focus on energy security. Huge demand for refining crude so it can be used as fuel.Conditions for Big Oil companies haven't looked this good in years, and ExxonMobil, Chevron (CVX) and Shell (RDSA) plan to ride the wave as long as they can.What's happening: Exxon (XOM) made nearly $17.9 billion in profit between April and June, almost four times what it earned during the same period in 2021. Apple, for comparison, reported a profit of $19.4 billion last quarter. Chevron booked a profit of $11.6 billion, while Shell earned $11.5 billion. "Without doubt, our delivery this quarter reflects the macroeconomic environment," Shell CEO Ben van Beurden told analysts.Breaking it down: Market conditions were a key factor. Exxon noted that in the first quarter, average global oil prices jumped by about $22 per barrel. In the second quarter, they rose another $12, "pushing the benchmark marginally above the 10-year range."Read More"The strong second-quarter results reflect a tight global market environment where demand has recovered to near pre-pandemic levels and...
    Signage at the entrance to the Intel headquarters in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021.David Paul Morris | Bloomberg | Getty Images Club holding Advanced Micro Devices (AMD) may firmly have the upper hand in its rivalry against Intel (INTC).
    New York (CNN Business)Boeing has become so embattled, the company's stock rose even after reporting a worse-than-expected loss and sales that came in $900 million short of forecasts.For a company that has endured a steady stream of bad news for the last three years these latest results nearly qualify as a "good" quarter.Shares of Boeing (BA), a component of the Dow, gained 3% in midmorning trading on the report They're still down 22% for the year through Tuesday's close.Investors were likely cheered that Boeing reported positive operating cash flow of $81 million — only the second quarter in the last three years that the company did not burn through cash. What's more, the company said it's on track to maintain positive cash flow for the year. It could be the beginning of a reversal of a cash-burn trend that Boeing has faced since the second quarter of 2019, when its 737 Max was grounded after two fatal crashes. In that time Boeing has had a negative operating cash flow of $24.7 billion. Read MoreHowever, Boeing was unable to provide a...
    In this article NFLXVIDEO3:3503:35Netflix gave us less bad news than we expected, says shareholder George SeayClosing Bell: OvertimeGood enough. Netflix didn't blow the roof off its second-quarter earnings. It announced it lost about 1 million global subscribers in the quarter, marking the second consecutive quarter it has hemorrhaged customers. And it lost 1.3 million subscribers in the U.S. and Canada, marking the third time in the last five quarters it has lost paid users in its most lucrative region based on average revenue per user. For the third quarter, Netflix forecast it will add just 1 million new subscribers — below the 1.8 million average analyst estimate, according to StreetAccount. If Netflix follows through and adds 1 million customers next quarter, it will still have lost subscribers this year through nine months. Compare that to analyst estimates from earlier this year of nearly 20 million net adds. Still, Netflix shares soared more than 6% in after hours trading. The company had predicted it would lose 2 million subscribers in the quarter. A decline of 1 million is better than that.(L-R)...
    This column first appeared in the Boston Herald, our partner publication. The Celtics basically inflicted a worst-case, nightmare scenario on the Warriors in Game 1 of the NBA Finals. Jayson Tatum scored 12 points. He shot 3-for-17, and couldn’t hit a 3 to save his life. He was a complete non-factor shooting the basketball, as the Warriors basically kept the Celtics’ star from matching scores with Steph Curry (34 points). And yet, much to the Warriors’ dismay, it meant nothing, as the Celtics won going away in front of Golden State’s home crowd at the Chase Center. Talk about having to go back to the drawing board, the Warriors basically had no answer for everyone else, as the Celtics enjoyed a 120-108 win in the opener. Thanks in part to a spectacular fourth quarter led by Jaylen Brown, who set the tone by attacking the basket, along with Al Horford (26 points), Derrick White (21 points) and Marcus Smart (18 points), who threw up one dagger 3 after another, the Celtics were able to start off in the driver’s seat...
    In this article NKEAn employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017.Johannes Eisele | AFP | Getty ImagesGlimmers of hope for Nike in China could be good news for other retailers with big business in the region, as companies contend with a prolonged pandemic recovery and global unrest. Nike shares climbed more than 5% Tuesday morning, after the sneaker giant said its China business is improving in spite of recent backlash against Western brands and a shortage of merchandise in the marketplace. Nike showed, at least for now, it is handling broader macroeconomic challenges, including ongoing supply chain backlogs, better than many had anticipated. Ahead of Monday's report, Nike shares were down 22% this year. The results from Nike bode well for other athletic apparel retailers such as Adidas and Puma that have similar global exposure, analysts say. To be sure, Nike has yet to provide an outlook for its upcoming fiscal year, which begins in June, due to a number of volatile factors that could change...
    MIKE TYSON kept smiling despite the legendary boxer witnessing a mismatch between LA Lakers and New Orleans Pelicans. Iron Mike's courtside presence couldn't inspire the dismal Lakers, who threw in the towel as they slipped to a fifth defeat in six NBA matches. 5Iron Mike took up his seat courtside at the Crypto.com ArenaCredit: Getty Images - Getty 5The boxing legend looked in good spirits as the Lakers looked to end their losing runCredit: Getty Images - Getty 5But despite his encouragement, it was another L for LeBron's sideCredit: AP And they were KO'd by a slick combination of calm offense and defensive steel from New Orleans, who go 25-36 on the season. The home side was continually beaten to the ball and conceded 23 turnovers, while failing to get anything going offensively in or out of the paint. LeBron James scored 32 points as they tried to stage a late comeback, but a shocking third quarter which the Pelicans took 44-25 all but decided the contest. James said: "They beat the doors off us in that third quarter....
    MSNBC anchor Stephanie Ruhle sounded ecstatic on Thursday in response to the latest gross domestic product figure. “We just got the latest snapshot of our economy and, boy, does it look good. The GDP numbers for the fourth quarter are … fantastic,” she said at the top of Stephanie Ruhle Reports. “Shows that the U.S. gross domestic product grew at a 6.9 annual rate at the end of 2021. That is significantly better than analysts expected.” The fourth quarter is between October and December. However, Ruhle inserted a caveat related to the coronavirus pandemic. “But remember, Omicron did not really hit until the end of the quarter, in December, meaning the report doesn’t show the full scope of the economic picture right now,” she said. According to CNBC: Gains came from increases in private inventory investment, strong consumer activity as reflected in personal consumption expenditures, exports and business spending as measured by nonresidential fixed investment. Across-the-board decreases in the pace of government spending subtracted from GDP, as did imports, which are measured as a drag on output. The quarter brought an end to a 2021 that saw a 5.7 [percent] increase in annualized...
    New York (CNN Business)Higher prices and chicken sandwiches are helping boost McDonald's sales. But earnings disappointed Wall Street Thursday morning. Last year, sales at US stores open at least 13 months jumped 13.8%, the largest annual increase since McDonald's started reporting comparable sales in 1993, the company said Thursday. In the fourth quarter, US sales jumped 7.5%, thanks in part to menu price increases, powerful digital sales and menu items like the crispy chicken sandwich and the imited-time McRib, which became available for purchase on November 1. Last year, McDonald's made McRib NFTs to mark the product's 40th anniversary. Items like the crispy chicken sandwich helped boost sales at McDonald's last year. McDonald's, along with other restaurants, has been hiking prices as inflation grows. Read MoreIn October, CEO Chris Kempczinski said that the company expected menu prices to be about 6% higher in 2021 compared to 2020. He said at the time that the price increase "has been pretty well received by customers." Food away from home got about 6% more expensive last year, according to the Bureau of...
    DENVER (AP) — Linebacker Nick Bolton’s 86-yard fumble return after Melvin Ingram III darted into Denver’s backfield untouched and stripped Melvin Gordon powered the Kansas City Chiefs to a 28-24 victory over the Denver Broncos on Saturday. With their 13th consecutive win over the Broncos, the Chiefs (12-5) kept alive their hopes of getting the No. 1 seed in the AFC playoffs. DENVER, COLORADO – JANUARY 08: Melvin Gordon #25 of the Denver Broncos fumbles the ball during the fourth quarter recovered by Nick Bolton #54 of the Kansas City Chiefs at Empower Field At Mile High on January 08, 2022 in Denver, Colorado. (Photo by Dustin Bradford/Getty Images) They need Houston to upset Tennessee on Sunday to get the pole position; otherwise, they’re the second seed and will host a wild-card game next weekend in their quest to reach a third consecutive Super Bowl. The Broncos (7-10) were ahead 21-20 and driving for another touchdown when Ingram sped past tight end Noah Fant and blew up the play just as Drew Lock handed the ball to Gordon. Bolton scooped up the...
    Tech giant Google has once again reported record revenue for the second quarter in a row in 2021. The Masters of the Universe enjoyed revenue growth of 41 percent for the quarter while profits soared 69 percent. The Verge reports that tech giant Google has posted its Q3 earnings, revealing a new revenue record for the company of $65.1 billion and record profits for the fifth quarter in a row at $18.9 billion. Google’s 2021 growth seems to be fast outpacing the year previously, jumping in revenue by almost $20 billion in 2021 compared to 2020. Sabo mocks Google CEO Sundar Pichai (unsavoryagents.com) Google’s revenue in Q3 2021: $65.1 billion2020: $46.2 billion2019: $40.5 billion2018: $33.7 billion2017: $27.8 billion2016: $22.5 billion2015: $18.7 billion2014: $16.5 billion2013: $13.8 billion2012: $13.3 billion2011: $9.7 billion2010: $7.3 billion2009: $5.9 billion — Jon Erlichman (@JonErlichman) October 26, 2021 Google’s revenue has increased by around 41 percent year-over-year while profits have increased by nearly 69 percent. Google’s Search business posted revenue of $37.8 billion this quarter compared to $35.8 billion last quarter, but the yearly comparison is even...
    Subtle Shade? Kristin Cavallari Shares Sorry Snap Amid Jana and Jay Drama FedEx Is a Sell, Guilfoyle Says In December 2019, the southeast part of the United States was the epicenter of college football coaching insanity. Can Desmond Ridder lead Cincinnati to the College Football Playoff? USA TODAY SPORTS See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next Duke QB Gunnar Holmberg Puts Up Big Numbers In Shootout Win ACC Digital Network Clemson WR Justyn Ross Toe-Taps In The Back Of The Endzone | ACC Must See Moment ACC Digital Network Arkansas fans express excitement following Razorbacks win over Aggies KTHV-TV Little Rock Penn State looks to clean up mistakes after win over Villanova All Penn State on FanNation Penn State coach James Franklin on the win over Villanova All Penn State on FanNation Texas Longhorns host Texas Tech Red Raiders Saturday, Sept. 25 KVUE-TV Austin Touchdown pass from Raeden Oliver to Joshua Richards puts East Orange ahead of West Orange The...
    The San Francisco 49ers rolled over the Detroit Lions for three-and-a-half quarters in their season opener Sunday. They were leading 41-17 at the two-minute warning. So why does it feel like they lost? And why does it seem as if, after one game, are there more questions than answers about this team? The 49ers didn’t lose. They might have done everything wrong and been cursed by the football gods in the final moments of the game, but they had done enough good things prior to that to win 41-33. And while the pull of recency bias is strong and third-quarter expectations didn’t line up with fourth-quarter realities, I think the good of Sunday outweighs the bad. Related Articles 49ers’ studs and duds from a confusing season-opening win vs. the Lions Kurtenbach: The 49ers will beat the Lions by three scores in Week 1… here’s why Kurtenbach: Don’t be misled — it’s Super Bowl or bust for the 49ers in 2021 Kurtenbach: Nine spicy predictions for the 2021...
    New York (CNN Business)The last time Tesla reported quarterly earnings this far above Wall Street expectations, in October of 2019, it started the stock on one of the most incredible bull runs ever.Not this time.Shares of Tesla (TSLA) were down 3% in early afternoon trading Tuesday, despite a strong second quarter that blew away Wall Street forecasts for both earnings and revenue. It's a sign that getting the market's biggest winner of 2020 back on track won't be easy.Tesla's record $1.1 billion in net income in Q2 was more than twice the previous high it hit in the prior quarter and more than 10 times its entire 2020 net profit. Adjusted earnings of $1.6 billion and revenue of $12 billion both topped Wall Street forecasts by about 60%.Problems, delays beyond the strong numbersRead MoreBut this time investors are more focused on the problems that CEO Elon Musk and other Tesla executives discussed during a Monday evening conference call. The company has once again pushed back the debut of its Cybertruck pickup and its semi-tractor heavy duty truck, this time into...
    The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019.Carlo Allegri | Reuters The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that should be a positive for the stock market. Treasury yields, which move opposite price, had been falling, but they picked up momentum after two early morning economic reports on Thursday. One was March retail sales, which jumped nearly 10%, and the other was weekly jobless claims, which fell to 576,000 — the lowest level since the early days of the pandemic. Strategists said the bond market was beginning to price in a peak for economic growth, expected to be as much as 10% this quarter. It also was responding to news of possible Japanese buying in Treasurys, as well as some worry about Covid. The 10-year yield fell as low as 1.53%, before coming back to 1.57%. A basis point is equal to 0.01 percentage points. The market watches 10-year Treasury closely because it influences mortgage rates and other consumer and...
    NEW YORK (AP) — The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again. The brighter outlook allows banks to move billions of dollars worth of “bad” loans back to the “good” pile, in what are known as loan loss releases. The pandemic forced banks such as JPMorgan Chase and Bank of America to put aside billions of dollars to cover potentially bad loans. The sum of money put into these pools is nothing small. Across the entire banking industry — large and small banks alike — a collective $120 billion is set aside to cover these loans, according to data from the Federal Deposit Insurance Corporation. And a significant chunk of it — around $40 billion — was set aside by the nation’s largest financial institutions. These funds, once released, are added to a bank’s bottom line when they report their quarterly profits. Most banks are expected to report significantly improved results compared to the first quarter of 2020....
    Kevin Kahovec and Mary Kate McGovern chat at Rizzo's Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021.Eileen T. Meslar | Reuters The nation's economic growth is in for a boost in the second quarter, as parts of the economy most impacted by the pandemic reopen. Never before has the service sector led the U.S. into a recession. Nor have so many trillions of dollars in stimulus been applied. But with more Americans vaccinated and more states reopening activities, the economy could sizzle as retailers, restaurants, hotels, gyms and other service-oriented businesses see a sudden surge in demand. The stock market has been trading higher on these expectations for months. However, if the strong activity results in a better earnings outlook, it could further fuel the rally. The S&P 500 was trading at a record high Thursday, crossing 4,000 for the first time as the new quarter began. "Some of it is factored in, and if there's a risk, it's to the upside rather than the downside," said Sam Stovall,...
    After the important rises of the past day, the European stock markets point to a profit collection this Wednesday (futures: -0.3%). Even so, Bolsamanía experts emphasize that the Ibex shows a “very good” technical aspect that could take him to the annual highs, at 8,740 points. “If you can beat these prices, we could end up seeing an extension of the gains until the level of the 9,000 points“, explain the analysts of Bolsamanía. Wall Street ended the day with slight falls yesterday while in Asia the setbacks have also dominated this morning, with decreases of 0.6% on average. The latest Chinese PMIs showed that the Chinese economy it is expanding quite well, particularly in services, which have shown a jump to 56.3. A “DECENT” QUARTER This Wednesday ends the month of March and also ends the first quarter in the markets. “It is worth reflecting on the fact that it’s been a pretty decent period for equity markets, despite closures across Europe and the UK and despite there having been ‘mixed’ progress in vaccine implementation, with England standing...
    Traders on the floor of the New York Stock Exchange.Source: NYSE Pension funds and other major investors should be big buyers of bonds during the next week or so, as they rebalance their holdings to make up for the bond market's first quarter sell-off. That could send bond yields lower, at least temporarily. Wells Fargo's Michael Schumacher estimates corporate pension funds will have to make up a gap in bond holdings of about $125 billion, the biggest shortfall in about a decade. Schumacher, director of rates at Wells, said not all of that activity will come before quarter end, but he expects to see about $25 billion in buying to make up for that gap by March 31. What happens to stocks is less clear. Normally, stocks would be under selling pressure as big investors rebalance by also reducing holdings because of the stock market's positive performance. The S&P 500 is up 4.9% so far this quarter, and the same investors would be trimming holdings in equities, as they add to bonds. But the stock market has been held hostage...
    ROSEMOUNT — It’s rather rare to see an exact script-flip in two teams’ regular-season meetings in a span of just six weeks, but don’t tell that to the Green Bobcats. In a role reversal from their first meeting of the season in Franklin Furnace back on Jan. 8, it was the visiting Bobcats (9-10, 6-6 SOC I) which — after trailing by seven points at halftime — managed to outscore host Clay (4-17, 4-9 SOC I) by 12 points in the second half to hold onto a 53-48 win in Southern Ohio Conference Division I play. That means yes, after leading Clay 30-23 in their first meeting of the year but falling by three as an attempted game-tying shot rimmed off, the Bobcats overcame a halftime deficit of their own to pickup yet another win in league play. That Clay defeat in early January somewhat set things into motion for where Green stands today. Since that loss, Green has posted an 8-2 record in their last ten games after beginning the year 1-8 in their first nine — a true...
    It was a rough game for Team Fluff. The winners of the 2021 Puppy Bowl have their coveted Lombarky Trophy: Team Ruff, the underdogs after consecutive victories from opponents Team Fluff, won the 17th annual matchup of adoptable pups and dogs. Seventy pooches competed in this year’s "cutest game ever played," reffed by longtime "rufferee" Dan Schachner. Here’s a paw-by-paw recap of the riveting rumble. THE WEEKEND'S SUPER BOWL LV HALFTIME SHOW UNDERWHELMS VIEWERS Team Ruff’s Archer, an American Staffordshire Terrier, got the game off to a wild start with a penalty for "illegal use of the goal posts" — ripping off the goal post of the opposing team. Ruff’s Muffin, a terrier mix, scored the team’s first touchdown after a fierce tackle from hearing-impaired terrier Marshall — who’s training to be a support pup for nurses on the front line of the COVID pandemic and was an early contender for Most Valuable Pup. Meanwhile, Chow Chow mix Chunky Monkey was penalized for "excessive slumber" after his snooze on the sidelines. Cute, but no cigar. Still, Twitter went wild with the...
    Report: ESPN will talk to Philip Rivers about joining network as NFL analyst You Can Now Get Your COVID Vaccine at Walmart in These 10 States Microsoft earnings: The SolarWinds hack may be a good thing for Azure © AP EARNINGS OUTLOOK Load Error Microsoft Corp. was wrapped into a massive cybersecurity attack late last year, but the unprecedented intrusion may actually end up being a positive for the company’s bottom line. UBS analyst Karl Keirstead, who has a buy rating and a $243 price target, said while Microsoft products were leveraged by hackers in the attack on SolarWinds Corp.’s Orion IT management software because they are commonplace, “the broader cyber-security community are not pointing fingers at Microsoft.” Keirstead noted that the attack actually drove more customers into public cloud infrastructures like Azure, Amazon.com Inc.’s AWS, and Alphabet Inc.’s Google Cloud “given a view that cloud data centers are more secure and that constantly patching/updating on-premise software like Orion presents a security risk that can be transferred to Microsoft, Amazon or Google.” “Bottom line, we believe this cyber-security...
    CHARLOTTE, N.C. (AP) — The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into the “good” pile. The financial performance of the big U.S. banks has improved from earlier in 2020, when the virus pandemic walloped the global economy. JPMorgan and Wells Fargo saw fourth quarter profits rise; Citigroup’s profit fell in the last quarter of 2020, but increased from the third quarter. The three banks have a more positive, though cautious outlook for the economy, which was reflected in an accounting maneuver each employed that contributed significantly to their better results. JPMorgan reported a record profit of $12.14 billion, up from a profit of $8.52 billion a year earlier. Roughly a quarter of that profit — $2.9 billion — came from JPMorgan “releasing” some of the funds it had set aside last year to cover potential loan losses caused by the pandemic and subsequent recession. Citigroup had a similar story, releasing $1.5 billion of its loan-loss reserves...
    Texas family calls for officers arrest after man is fatally shot in front yard of home The FBI arrested the man seen with a Confederate flag inside of the US Capitol in Delaware Delta Sees ‘Good Shot’ at Midyear Profit as Demand Rebounds (Bloomberg) -- Delta Air Lines Inc. has a “good shot” at turning a profit in the third quarter as Covid-19 vaccinations start containing the disease and pent-up travel demand turns into bookings, Chief Executive Officer Ed Bastian said. The shares rallied. Load Error The carrier stood firm on its target of breaking even on a cash-flow basis in the second quarter despite little sign of improvement in the next few months. In the first quarter, daily cash burn will amount to $10 million to $15 million after totaling $12 million in the last three months of 2020, Delta said Thursday as it reported earnings. The outlook from the first major U.S. airline to report results fueled industry hopes that a recovery will begin later this year after a punishing winter. Except for short-lived gains during...
    California sees bright spot in most intense surge of virus YouTube takes action against Trump, bans uploads for at least 7 days James Harden says Rockets just not good enough, doesnt know if situation can be fixed The relationship between James Harden and the Houston Rockets seems unsalvageable.  NBA players and coaches use platform once again in wake of Capitol riots USA TODAY SPORTS See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next NBA players and coaches use platform once again in wake of Capitol riots USA TODAY SPORTS Lorenzos Locks: The 3 best bets for NFL wild-card Sunday USA TODAY SPORTS Jaylen Brown draws from MLK: “There is two split, different Americas” USA TODAY SPORTS Lorenzos Locks: The 3 best bets for NFL wild-card Saturday USA TODAY SPORTS Heres what it looks like inside the Capitol after pro-Trump rioters were removed USA TODAY SPORTS Former teammate of Becky Hammon ready to see her as NBA head coach USA TODAY SPORTS 25...
    After naming bombing suspect, focus turns to motive Europe Starts Inoculations; Singapore Eases Rules: Virus Update Opinion: Seattle Seahawks use defense to win NFC West and dammit, it feels good! Surely, there’s no smoking in Lumen Field. But that didn’t stop Jamal Adams from lighting up. Early NFL headlines: Chiefs clinch AFC top seed USA TODAY SPORTS See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next AFC overreactions: Chiefs clinch top seed, but is there room for concern? USA TODAY NFC overreactions: Washington tumble and Cowboys rumble set up NFC East drama USA TODAY Jalen Hurts, Miles Sanders after Eagles loss DelawareOnline.com (Wilmington, DE) AFC Week 16 Overreactions: Should there be concern in Kansas City despite locking up No. 1 seed? SMG Hometown MVP: Broncos lineman Dalton Risner gives back KUSA-TV Denver Aaron Rodgers most dominant plays from 4-TD game Week 16 NFL Cant-Miss Play: Dashing through the snow! Tannehill takes off for 45-yard TD NFL Chargers QB Justin Herbert...
    CHARLOTTE, N.C. (AP) — The reeling Carolina Panthers desperately needed some good news coming off their fifth straight loss, and it appears they got some on Monday. Coach Matt Rhule said on a video conference call that medical tests revealed that Teddy Bridgewater “does not have a serious knee injury” and he added that he’s hopeful the quarterback will return to practice Wednesday and play on Sunday against the Detroit Lions. That’s great news for the Panthers considering Bridgewater’s backups have just two career starts between them. Rhule was less forthcoming on the status of 2019 All-Pro running back Christian McCaffrey, who is still recovering from a shoulder injury. Rhule is still hopeful McCaffrey will play Sunday but sounded less optimistic about his status, calling him “week to week.” Neither Bridgewater nor McCaffrey was made available to speak to reporters Monday. The Panthers (3-7) can certainly use all hands on deck as they look to rebound from a 46-23 thrashing by the Tampa Bay Buccaneers on Sunday. The Panthers were outgained 544-177 and the Bucs racked up 30 first downs....
    Grading the Jets after their 30-27 loss to the Patriots on Monday night. Offense The offense looked like it belonged in the NFL on Monday night. It scored three touchdowns for the first time this season and gained a season-high 322 yards. For three quarters, it was great. Then, it fell apart in the fourth quarter with a Joe Flacco (18 of 25, 262 yards, 3 TDs, 1 INT, 128.7 rating) interception and a three-and-out just after the two-minute warning. WR Breshad Perriman (5 catches, 101 yards, 2 TDs) looked like a No. 1 wide receiver. Grade: B Defense The Jets could not come up with a stop in the second half when they desperately needed it. In the second half, the Patriots had drives of 17, 13 and 11 plays. They scored on each of their second-half possessions. WR Jakobi Meyers (12 catches, 169 yards) looked like Jerry Rice against the Jets secondary. QB Cam Newton (27 of 35, 274 yards, 99.0 rating, 10 rushes, 16 yards, 2 TDs) was not dazzling but kept drives moving. CB Bless...
    A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020.Mike Segar | Reuters Dividends and buybacks are bouncing back.  At the end of the first quarter, there was tremendous concern that the levels of dividends and buybacks would be cut dramatically.  There have been cutbacks, but there's good news amid the bad. The good and bad news on dividends For lovers of dividends, the end of the first quarter and the start of the second quarter looked pretty dire.  Forty-two companies in the S&P 500 — nearly 10% — completely suspended their dividends, and 25 reduced them, in some cases considerably. "That was unprecedented," Howard Silverblatt from S&P Dow Jones Indices told me. "No company suspended their dividend in 2018 or 2019." But as the economy reopened, things began to turn around. Five of the 42 companies who suspended their dividends reinstated their dividend, at least partially. Even as some companies reinstated dividends, many more continued with...
    Opinions | How California is failing vulnerable victims of systemic racism American restaurants that revolutionized the way we eat Dividends and buybacks are rebounding, but its not all good news Dividends and buybacks are bouncing back.  © Provided by CNBC A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. At the end of the first quarter, there was tremendous concern that the levels of dividends and buybacks would be cut dramatically.  Load Error There have been cutbacks, but there's good news amid the bad. The good and bad news on dividends For lovers of dividends, the end of the first quarter and the start of the second quarter looked pretty dire.  Forty-two companies in the S&P 500 — nearly 10% — completely suspended their dividends, and 25 reduced them, in some cases considerably. "That was unprecedented," Howard Silverblatt from S&P Dow Jones Indices told me. "No company suspended their dividend in 2018 or...
    Bank stocks typically drop during recessions. This time around, with the big players well-capitalized, largely free from the worst of loan loss set-asides and benefitting from a rebounding economy, investors may be looking at an opportunity staring them in the face. And the biggest banks have clear advantages: fees from investment banking and asset management. (Below are tables showing expected and historical provisions for loan losses, non-interest income, earnings per share and analysts’ ratings for the largest dozen U.S. banks.) The hot space — asset management Morgan Stanley MS, +0.59%  has been making moves to stay at the forefront of the asset-management club. On Thursday, the firm said it would acquire Eaton Vance Corp. EV, +47.91%  for $7 billion in cash and stock. Eaton Vance had $507 billion in assents under management as of July 31, and Morgan Stanley said the merger would bring assets under management for its Morgan Stanley Investment Management unit to $1.2 trillion. Just on Oct. 2, Morgan Stanley completed its acquisition of discount broker E-Trade Financial. At that time, the bank said the...
    Jimmy Butler dominated Game 3 of the NBA Finals as he helped the Heat win their first game of the series. Butler finished with 40 points, 11 rebounds and 13 assists in a triple-double. He even added two blocks and two steals in his performance. Even more impressive is that he did all of this without even attempting a 3-point shot (he’s the first player to score 40 points without attempting a 3-pointer since Shaquille O’Neal in 2002). The Heat jumped out to an early 22-9 lead in the first quarter, but the Lakers went on a scoring run of their own, ending the first quarter at a much closer 26-23. It was around then that Butler claims LeBron James said to him, “You’re in trouble.” Butler took note. MORE: Four stats to know from Jimmy Butler’s Game 3 performance With about a minute remaining in the fourth quarter, Butler could be seen saying the same thing to James. “We’re going to act like I’m just out there talking trash. I’m not,” Butler said after the game. “LeBron said that to me...
    Photo via Tampa Bay BuccaneersThe Tampa Bay Buccaneers took home a 38-31 win, despite the secondary giving up a 137.9 QB rating to rookie quarterback Justin Herbert and the Los Angeles Chargers. While the defense looked absolutely horrendous at times, it was encouraging to see TB12 and the Bucs offense get going in a big way, with Brady throwing 5 TD’s and Ronald Jones running for 111 yards. The Bucs were without receiver Chris Godwin, running back Leonard Fournette, and OJ Howard exited the game in the 4th quarter with an Achilles injury.  Mike Evans and Scotty Miller stepped up big time in Godwin’s absence, both averaging more than 15 yards per catch and notching a touchdown. Rookie back Ke’Shawn Vaughn and backup tight end Cameron Brate also both caught their first touchdowns of the year (for Vaughn it was his first touchdown ever in the NFL), while OJ Howard caught the other touchdown before going down. The Bucs offensive line also did an absolutely wonderful job of keeping Brady clean, not allowing a single sack to Nick Bosa and...
    Harrison Butker kicked a 58-yard field goal with 1:55 remaining in overtime, and the Kansas City Chiefs survived a superlative first start by rookie Chargers quarterback Justin Herbert to beat Los Angeles 23-20 on Sunday. Butker's game-winner was his third field goal of the day and his second from 58 yards, which tied a Chiefs record for distance. He nailed a 30-yarder on the final play of regulation. In overtime, Butker sent the ball through the uprights from 53 yards, but KC was called for a false start. Then the Chargers called timeout, giving him a rehearsal kick from 58 that he also made before the one that counted. CLICK HERE FOR MORE NFL COVERAGE ON FOXNEWS.COM Patrick Mahomes completed less than half of his passes in the first half for only the third time in his career but rallied to finish 27 of 47 for 302 yards and two touchdowns. Tyreek Hill (five catches, 99 yards) and Travis Kelce (nine receptions, 90 yards) each had TD receptions. Playing their first game at SoFi Stadium, the Chargers (1-1) won the...
    New York Giants: Good news and bad news in dissapointing loss to Pittsburgh Steelers By: Alexander Wilson September 14, 2020 ShareShareTweetThe New York Giants entered their week one matchup against the Pittsburgh Steelers as a significant underdog, and it turned out that way on Monday night. The Giants lost 26-16 to the superior team, and that was known going into the contest. With a strong defensive front and secondary, Pittsburgh managed to limit them to 279 yards through the air and just 29 total yards on the ground. Running back Saquon Barkley was completely shut down, despite totaling 60 yards as a receiver. Nonetheless, the Giants did show some positives in the game. Good news and bad news for the New York Giants: GOOD NEWS: While some saw this result as a disappointment, the Giants remained competitive until the fourth quarter. At half-time, they were only down by 16-10.  Big Blue immediately got the ball back from the Steelers in the 3rd quarter and had an opportunity to secure the lead,...
    Olympic official Høyer reveals Parkinsons diagnosis 20 reasons you dont want to live in a tiny house Macys Earnings: Not Good, but Much Better Than Expected There was no question that Macy's (NYSE: M) second-quarter earnings report was going to be ugly. The department store operator entered the period with all of its stores closed and a glut of unsold spring inventory. And while nearly all of its stores reopened by the end of June, mall traffic has remained weak, as many consumers shy away from brick-and-mortar shopping. Even worse, dressy clothing is typically a source of strength for Macy's, but few people are looking to buy such items right now. © Provided by The Motley Fool Macy's Earnings: Not Good, but Much Better Than Expected As expected, Macy's reported another steep sales decline and a quarterly loss for its second quarter ended Aug. 1. However, the department store giant performed much better than management and many analysts initially feared. That puts it in a good position to execute its turnaround plan over the next several years. Load Error...
    San Francisco (CNN)As the Covid-19 pandemic has kept more people at home, they're turning to coffee and PB&J sandwiches -- and that hits right in the sweet (and sticky) spot for J.M. Smucker. The Orrville, Ohio-based Smucker (SJM) on Tuesday reported double-digit sales increases for brands such as Folgers coffee, Jif peanut butter, Smucker's jams and jellies, and Uncrustables frozen peanut butter and jelly sandwiches. The growth in Smucker's consumer food products and coffee brands helped lift the company's quarterly revenue by 11% to $1.97 billion for the three months that ended on July 31.While Folgers and Jif posted respective sales increases of 13% and 14% for the quarter, the brands seeing the largest growth were Smucker's at 25%, Uncrustables at 35% and baking mainstay Crisco, at 50%.Packages of Folgers coffee are displayed on a shelf at a grocery store on June 5, 2014 in San Rafael, California. "More consumers are purchasing our brands, they're repeating purchases at a higher rate, and they're spending more than they were before," CEO Mark Smucker told analysts Tuesday, during the company's fiscal first-quarter...
    Finger lickin’? Gross! KFC has temporarily dropped its “finger lickin’ good” slogan because it “doesn’t feel quite right” during the coronavirus pandemic. The fried-chicken chain admitted its 64-year-old tagline doesn’t work as well at a time when officials have urged people not to touch their faces to stop the virus from spreading. “We find ourselves in a unique situation — having an iconic slogan that doesn’t quite fit in the current environment,” Catherine Tan-Gillespie, KFC’s global chief marketing officer, said in a Monday statement announcing the move. KFC made the change official with a 30-second ad showing the words “finger lickin’” blurred out on its billboards and chicken buckets. The company emphasized that its food isn’t changing and that the slogan will return “when the time is right.” While “it’s finger lickin’ good” likely wasn’t meant to be public health advice, the United Kingdom’s Advertising Standards Authority fielded 163 complaints in March about a KFC ad that showed people licking their fingers, according to the BBC. KFC ultimately pulled the ad, which the complainers feared would encourage behavior that...
    Football : Everything is going pretty well for PSG on the Faro side, a few days before the Champions League quarter-final against Atalanta. If PSG will be deprived of Marco veratti for the match against the formation of Bergamo, Wednesday in Lisbon, the situation of Kylian Mbappé is improving day by day. The 2018 world champion striker touched up the ball on Saturday, during the Parisians’ first training session in the Faro region, in southern Portugal, where they are in training. On Sunday, the entire delegation led by Thomas Tuchel underwent coronavirus tests and no positive cases were revealed, as the results obtained on Monday noon showed. The players and members of the technical staff will be screened for a second time, Tuesday, to confirm that no one is a carrier of Covid-19 for the start of the “Final 8” of the C1. Good news here in Faro ???????? All the COVID-19 tests carried out yesterday on the spot are negative. The Parisians will be tested one last time tomorrow in Lisbon, D-1 of the quarter-final of the...
    BOSTON (CBS) — Kemba Walker saw a slight uptick in playing time on Sunday afternoon, playing 22 minutes in Boston’s win over the Portland Trail Blazers. The Celtics point guard is still on a minutes restriction due to lingering left knee soreness, but when he’s on the floor, Walker looks like the All-Star point guard who helped guide the Celtics near the top of the Eastern Conference this season. Walker saw a few extra minutes of action Sunday after playing 19 minutes in Boston’s loss to Milwaukee on Friday night. He was solid again against the Blazers, dropping 14 points on 5-for-6 shooting, making both of his three point attempts. The plan is to have Walker back to his normal workload when the postseason arrives, and the Celtics have six more seeding games to build up the All-Star point guard. Walker hasn’t showed any signs of the injury or rust when on the floor, and that’s great news for both Walker and the Celtics. What we haven’t seen yet is Cardiac Kemba in the fourth quarter. In both of Boston’s...
    There are way a lot more interesting items to Apple (AAPL) inventory ownership than a looming 4-for-1 stock split, opines Bank of The united states Merrill Lynch tech analyst Wamsi Mohan. To be specific, 10 enjoyable factors in the eyes of Mohan who offered a tidy list on Friday after Apple’s blowout fiscal 3rd quarter earnings launch. “(1) Products income progress inspite of COVID-19 similar retailer closures and remain at property orders all through fiscal 3rd quarter reaffirms our assurance in installed foundation stickiness, (2) stimulus advantage exhibits ongoing rate elasticity of desire for iPhones, (3) new Apple iphone delay makes weak spot in September but upside to the December quarter, (4) administration expects strong non-Apple iphone products functionality to maintain into fiscal fourth quarter, (5) iPad and Mac installed bases attracting new consumers and growth proceeds to outperform anticipations (6) Providers grew slower than anticipated but margins have upward bias, (7) Apple saw new all-time income information in the Application Retail store, Apple Tunes, Movie, and Cloud companies. (8) money returns powerful (returned $21 billion to shareholders in calendar initial...
    As coronavirus ruined the US economy, these companies reaped dramatic profits, study says 10 Fruits and Veggies Worth Buying at the Farmers Market CEOs reflect on tough quarter, but also offer some good news on earnings calls Companies aren't giving much in the way of earnings guidance, but some top executives have recently offered some insightful comments. CEOs see upticks in tobacco, gasoline, RV, truck and can sales. © Provided by CNBC Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. With so few companies providing numerical guidance, investors are listening carefully to earnings conference calls for some hint — any hint — on what is going on. Here are some comments from CEOs in the last day or so, on tobacco, gasoline, RV, truck and can sales. Load Error The main thing that stands out from...
    VIDEO2:5002:50Asian economies have room for more fiscal support amid the coronavirus: JPMorganSquawk Box Asia The purchasing power of the Chinese consumer remains relatively robust but uncertainty from the coronavirus pandemic still lingers, according to Tai Hui, Asia chief market strategist at JPMorgan Asset Management. China may have missed analysts' expectations in June's retail sales numbers, but Chinese consumers "are still in reasonably good shape," Hui told CNBC's "Squawk Box" on Friday. However, "I think it's the consumer sentiment that's been impacted by for example, the very brief outbreak in Beijing last month," he said. A "key issue" remains over whether Chinese citizens are "feeling more comfortable" to travel domestically again, Hui said, pointing to increased chatter surrounding topics such as summer holiday bookings for Chinese tourists domestically. "We're gonna see a little bit more signs of recovery in the consumer sector in the third quarter," particularly when some of the worst hit sectors and services "come back online," Hui said. His comments came on the back of data released Thursday that showed weak consumption in China. Retail sales in June fell 1.8%...
    Hong Kong (CNN Business)China's economy is growing again after its worst three-month period in decades — a sign that could bode well for the global post-coronavirus recovery.The world's second-largest economy grew 3.2% in the April-to-June period compared a year ago, according to government statistics released on Thursday. That's better than the 2.5% growth that analysts polled by Refinitiv were expecting.It also means that China averted recession. In the first quarter, the $14 trillion economy shrank 6.8%, the worst plunge for a single quarter on record since China started publishing those figures in 1992. That was also the first time China reported an economic contraction since 1976.Growth this quarter would confirm that the "post-virus recovery is underway in China, at least one to two quarters ahead of the rest of the world," analysts at ANZ Research wrote in a report published before the GDP figures were announced.The rebound had been widely expected by analysts. China — the early epicenter of the outbreak and the first in the world to impose draconian measures to quell the virus — was also the first...
    Bars in New Orleans have closed just a month after they partially reopened because of a sharp increase in Covid-19 cases and hospitalizations in Louisiana. After the state become an international coronavirus hot spot in March, with New Orleans a focal point of cases, hospitalizations began to drop after businesses were closed following a peak in April.  Businesses including bars, dine-in restaurants, gyms and tattoo parlors closed, which appeared to flatten the curve, and in May a gradual easing of lockdown restrictions culminated with Mayor LaToya Cantrell deciding to reopen bars at 25 percent capacity on June 13. However, the good times have been put on hold once again on Saturday when Governor John Bel Edwards - supported by Cantrell - issued a set of new restrictions following a new spike in cases and hospitalizations.  The restrictions will be in place until at least July 24 across Louisiana.  Following a spike in coronavirus cases and hospitalizations, bars in New Orleans are now limited to takeout and delivery services, although some have chosen to close completely. Above, A deserted stretch of Bourbon Street...
    Enbridge to court: State cant override feds pipeline regulation on Line 5 Thousands of Your Favorite Fast Food Locations Could Close Ingenuity and Good Luck: Cramers Mad Money Recap (Tuesday 6/30/20) Some companies are taking the bull by the horns and riding this pandemic to profits, Jim Cramer told his Mad Money viewers Tuesday. Cramer said that through a combination of ingenuity and a little luck, many of this quarter's standout stocks are poised to go higher again next quarter. © TheStreet Ingenuity and Good Luck: Cramer's 'Mad Money' Recap (Tuesday 6/30/20) Many of this quarter's biggest winners are now household names. Stocks like Zoom Video , Netflix , PayPal , Tesla and Apple were among the biggest gainers in the second quarter, but they weren't the only ones. Cramer said he's betting on Regeneron Pharmaceuticals to be a leader in the race for a vaccine, while chips from Nvidia will continue to power many of our hottest technology trends. Load Error But beyond these names are a host of lesser-known companies that are helping small...
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