Archive for July, 2008
Exxon Posts Record $11.68 Billion Profit
Exxon Posts Record $11.68 Billion Profit
NEW YORK Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company.
Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 […]
A Strong Dollar!
Major Market Mover: A Strong Dollar!
The U.S. dollar has put its foot down yesterday as consumer confidence improved in July, giving investors some hopes about the track of the U.S. economy, the dollar revived big time against majors, but still waiting for tomorrow’s GDP and Friday’s U.S. jobs report.
Confidence has been slipping since the beginning […]
U.S Data Focus on Jobs, GDP Results
U.S Data Focus on Jobs, GDP Results
The ADP employment report for July, a precursor to the non-farm payrolls report to be released on Friday, showed that private payrolls rose unexpectedly by 9,000 (consensus -60,000; prior read -79,000).
We expect the more comprehensive employment report, due out on Friday, to show a 55,000 drop (a 60,000 […]