Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable cost.”
Tag: profits
Lockheed Martin forecasts higher profits in 2018 as Trump administration increases defense spending (LMT)
Thomson Reuters Lockheed Martin beat on fourth-quarter revenue and forecast a rise in earnings this year. The US defense contractor took a $ 1.9 billion charge during the quarter, mainly because of the new tax law. The Defense Department expects to spend about $ 391 billion over 15 years to develop and buy 2,456 supersonic […]
Party like it’s 2014: Russian oil drillers reap profits not seen since days of $100 crude
Though current oil prices are still far from their peak of four years ago, Russian drillers are having best start to the year since 2015. And the key reason for that is the relatively-weak national currency. Stocks in Russian energy companies have started the year with impressive growth thanks to increased prices for crude futures […]
BANK OF AMERICA: Tax reform could be a drag on company profits by next year
Carlos Barria/Reuters Equity strategists at Bank of America Merrill Lynch, like many others, expect the corporate tax cut to boost company earnings. But BAML thinks the boost will be short-lived, probably not beyond 2018. More profits would mean more competition that could drive down margins, and the Federal Reserve could speed up interest-rate hikes, the […]
America’s bank profits take a hit from tax reform
WHEN Donald Trump won America’s presidential election 14 months ago, banks’ share prices leapt. One reason for that was the prospect of lower corporate taxes, which would both benefit banks directly and (investors hoped) ginger up the economy. Like Mr Trump’s legislative agenda, their shares were becalmed for much of 2017, but they perked up […]
BANK OF AMERICA: Tax reform could be a drag on company profits by next year
Carlos Barria/Reuters Equity strategists at Bank of America Merrill Lynch, like many others, expect the corporate tax cut to boost company earnings. But BAML thinks the boost will be short-lived, probably not beyond 2018. More profits would mean more competition that could drive down margins, and the Fed could speed up interest rate hikes, the […]
Airlines Report a Record $38 Billion in Expected Profits for 2018
Airlines Profits Expected to Exceed $ 38 Billion in 2018 Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does […]
Detroit Puts Profits Over Revenue With Declining Rental-Car Sales
Detroit auto makers reported mixed sales results for November, with GM and Fiat Chrysler reporting declines while Ford gained ground amid strong demand for pickup trucks and SUVs. WSJ.com: What’s News US
Daily Fail: Profits & shares in Britain’s most (in)famous tabloid nosedive
The Daily Mail’s hysterical right-wing rhetoric could be driving away readers and advertisers. The British tabloid’s publisher has reported a staggering loss of £112 million ($ 151 million). Daily Mail & General Trust (DMGT), which also owns the Mail on Sunday and the Metro, reported a 13-percent drop in profits to £226 million ($ 304 […]
Timelier provisions may make banks’ profits and lending choppier
IN THE first quarter of 2018 thousands of banks will look a little less profitable. A new international accounting standard, IFRS 9, will oblige lenders in more than 120 countries, including the European Union’s members, to increase provisions for credit losses. In America, which has its own standard-setter, IFRS 9 will not be applied—but by […]
