Category Archives: Business

Stocks set to drop as Dow stock JPMorgan falls after quarterly results

U.S. stock futures turned lower Friday after Dow stock JPMorgan (JPM) fell nearly 3% in the premarket as investors parsed quarterly results from the nation’s largest bank by assets. The company’s fourth-quarter per-share earnings of $3.33 and revenue of $30.35 billion, both beat estimates. However, JPMorgan said it took a $1.8 billion net benefit from […]

United Airlines details Omicron’s toll: 3,000 workers have the coronavirus.

In a single day over the holidays, nearly one in three United Airlines employees called in sick at Newark Liberty International Airport, a major hub for the airline, the company’s chief executive said on Tuesday. The revelation, which came in a memo to staff from the airline’s chief executive, Scott Kirby, helps explain why U.S. […]

U.S. Economy Loses Fed, Fiscal Props After Powell-Manchin Pivots

First American News-Raleigh, NC: The U.S. economy will spend 2022 learning to live with the coronavirus without much in the way of help from the Federal Reserve or the federal government — especially with the derailing of President Joe Biden’s $1.75 trillion spending plan says Bloomberg News. The Fed’s pivot last week toward tighter credit […]

Nasdaq News FuelCell Energy Is the Wrong Stock to Buy for the Biden Bill

First American News LLC: Raleigh NC: The current narrative surrounding FuelCell Energy (NASDAQ:FCEL) stock revolves around a few central ideas. One, the idea that it will rise from President Joseph Biden’s infrastructure bill and the money to be directed toward clean energy. And two, that FCEL stock is a buy-the-dip opportunity. Let’s start there first. […]