Company’s reporting

This week's data: the labor market report after Powell's hawkish speech

The Labor Department's August jobs data is due out at 8:30 a.m. ET on Friday. The labor market is expected to remain strong. According to a Bloomberg survey of economists, the nonfarm payrolls may increase by 300,000 in August.

30 August 2022

Nvidia expects sales plummet in current quarter

On Wednesday, the Nvidia corporation, known for its graphics chips production, announced its forecast for the current quarter. The company expects to see a nosedive in sales as a result of a general weakening of the gaming industry. After the forecast, the company’s stocks decreased in after-hours trading, with a total drop being around 5%.

25 August 2022

This week’s new data, what to focus on – companies’ reports, Jerome Powell’s speech, inflation rates

Grand Teton National Park is about to become a center stage in economic and financial fields this week. Jackson Hole valley is again home to the economic symposium held by the Federal Reserve Bank of Kansas City.

22 August 2022

Cisco earnings are expected to rise with easing supply shortage

Cisco Systems Inc. gave an upbeat sales forecast for the first quarter. The company is basing its predictions on the fact that the COVID restrictions ease in China spell the end for supply chain issues and help the company meet demand for its networking hardware. As a result, shares of Cisco jumped 5 percent in extended trading.

19 August 2022

Home Depot reported a sales increase caused by higher prices and demand from professionals

Home Depot Inc. posted stronger-than-expected quarterly results on Tuesday. The demand for construction materials and rising prices allowed the leading U.S. home improvement specialty retailer to reduce the bad effects of the decline in foot traffic.

17 August 2022

Walmart report addresses some high inflation concerns

On Tuesday, the largest American retailer Walmart published a report for the quarter of 2022. The development prospects turned out to be higher than the expectations of investors, who are concerned about high inflation affecting demand.

17 August 2022

Chevron aims to reach new heights

Chevron announced record quarterly earnings at the end of July. These results were made possible by strong fuel margins and high natural gas and oil prices. The company also increased its share buyback plan.

16 August 2022

Amazon and Apple carry hopes to investors amid general economic slowdown

Earlier this week, Apple and Amazon have been in the spotlight of market players. The companies’ combined market value increased by $175 billion as of July 29. These results indicate the ability of two technological giants to overcome an economic downturn.

16 August 2022