American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Category: Company Reports
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business: -
Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The New York Times – Business:The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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Tesla Profit Rises but Remains Below Earlier Highs
The New York Times – Business:The company is investing in robots and self-driving taxis that are not yet generating significant sales.
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A.I. Is Eliminating Jobs on Wall Street
The New York Times – Business:“A.I. gives us places to go we haven’t gone,” said one bank’s chief executive.
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UnitedHealth Group Reports Flat First-Quarter Earnings
The New York Times – Business:One of the nation’s largest insurers, the company’s profits were higher than analysts’ expectations but still fell short of showing a significant comeback.
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Corporate Profits Are at Record Highs. These 4 Factors Could Sink Them.
The New York Times – Business:Experts have different theories about what’s driving steep gains. But many agree the window for growth is shrinking.
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Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks
The New York Times – Business:Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that “inflation will come.”
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Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices
The New York Times – Business:Higher inflation is leading companies to raise prices without sacrificing margins.
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J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War
The New York Times – Business:The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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Goldman Sachs Earnings Show Effects of Iran War
The New York Times – Business:It will be a tricky earnings season, as the investment banking giant became the first to show on Monday.
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Peloton’s Latest Leader Thinks He Can Coach It Back to Health
The New York Times – Business:The fitness company has fallen to a small fraction of its value at its pandemic peak, but Peter Stern says Peloton is headed in the right direction.