Latest Market News
Citigroup Inc. C, -1.25% said Friday its fourth-quarter net income fell to $3.17 billion, or $1.46 a share, from $4.3 billion, or $1.92 a share, in the year-ago period. Revenue increased to $17 billion from $16.8 billion. The New York-based bank beat the Wall Street targets of $1.39 in earnings on revenue of $16.85 billion, […]
Vail Resorts Inc. MTN, +2.12% said Friday that total skier visits at its North American resorts were down 1.7% in the season through Jan. 2, compared to the prior-year period and down 18.3% compared to the fiscal year 2020 season-to-date period, before the start of the pandemic. The ski resort operator said season-to-date total lift […]
The numbers: Sales at U.S. retailers such as Target and Amazon sank 1.9% in December — the biggest drop in 10 months — as the omicron variant of coronavirus spread like wildfire and shoppers confronted higher prices and shortages of some popular products. Economists polled by The Wall Street Journal had forecast a 0.1% decline […]
The World Bank on Tuesday trimmedforecasts for economic growth in the United States, the Eurozone and China and warned that high debt levels, rising income inequality and new strains of coronavirus threaten recovery in developing countries.Global growth in 2022 is expected to slow “significantly” to 4.1% from 5.5% a year earlier, and to 3.2% in […]
Shares of J.P. Morgan Chase & Co. JPM, -6.15% were the worst premarket performer of the Dow Jones Industrial Average’s DJIA, -0.56% components, as they dropped 4.3% following disappointing fourth-quarter results. The implied price decline would shave about 47 points off the Dow’s price, while Dow futures YM00, +0.15% slumped 249 points, or 0.7%, ahead […]
U.S. import prices slid 0.2% in December to mark the first decline in five months, largely because the cost of oil fell. Excluding fuel, import prices rose 0.5% in December. Import prices rose 10.4% in 2021 and contributed to the biggest increase in U.S. inflation in almost 40 years. Prices started to level off toward […]