Latest Corporate profits News

FILE - In this Tuesday, Jan. 28, 2020, file photo, specialist Gregg Maloney watches the screens at his post on the floor of the New York Stock Exchange. Companies are lining up for earnings reporting season, and analysts expect them to describe a smaller drop for the summer than they reported for the spring, when widespread business shutdowns amid the coronavirus pandemic paralyzed the economy. (AP Photo/Richard Drew, File)

Profits keep sinking, but CEOs to show if worst has passed

Oct. 15, 2020 10:10 AM EDT

NEW YORK (AP) — Investors believe the pandemic's worst effects on corporate profits have passed. Now it's up to CEOs to deliver the confirmation. Companies are lining up for earnings reporting season, and analysts expect them to describe a less painful drop for the summer than they reported in the spring,...

Stuart McKenzie, of London, takes a swing on the Charging Bull statue in New York's financial district, Tuesday, Sept. 8, 2020. More sharp declines for big tech stocks are dragging Wall Street toward a third straight loss on Tuesday. (AP Photo/Mark Lennihan)

Tech chills spill into Asia, as shares sink across region

Sep. 8, 2020 11:44 PM EDT

Asian shares declined on Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields also weakened. Australia’s benchmark led regional declines on Wednesday, losing more than 2%. Japan’s Nikkei 225 fell 1.6%. Troubles with ...