The tension between oil companies and Joe Biden increases again. A new round of animosity comes as companies have to report a collective profit near $200 billion.

According to Cisco, quarterly sales for January will increase from 4.5% to 6.5%. Analysts expect revenue to be up 4% compared to last year. Revenue is projected to grow 6.5% in fiscal 2023, up as much as 6% from previous estimates.

Trading closed on Wednesday, after that Nvidia presented its third-quarter report.

Home Depot Inc. revenues and profits have exceeded expectations due to home improvement projects that accumulated during the pandemic.

Shares of Walmart rose in price by 6.5%, which is the biggest daily growth from March 17, 2020. Such a growth to the highest level occurred only six months after the company's sales and profits exceeded analysts' forecasts.

Amazon plans to carry out wide-reaching firings of about 10,000 workers this week, as reported by the New York Times, citing unnamed sources.

Walmart Inc., the largest U.S. retailer by sales volume, is likely to say on November 15 that its profit has declined for the third consecutive quarter as inflation reduces demand and product reserves remain high.

Principal Asset Management Chief Global Strategist Seema Shah stated last week's lower inflation data was greeted with applause in the stock market.

Retail giant Home Depot is set to post its third-quarter earnings. The data are expected before trading opening on Nov. 15.

Foxconn reported third-quarter net income rose 5% to T$38.8 billion ($1.22 billion) from an average estimate of T$41 billion.