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    • Breaking News
    Jan 27, 2023
    • American Express said fourth quarter revenue rose 17% to $14.2 billion and net income eased to $1.6 billion from $1.7 billion and diluted EPS fell to $2.07 from $2.18 a year ago.
      • Chevron said fourth quarter operating revenue increased 19.5% to $55 billion and net income soared 25.5% to $6.4 billion and diluted earnings per share rose to $3.33 from $2.63 in the previous year.
        • Jan 26, 2023
        • Southwest Airlines said revenue in the December quarter increased 22% to $6.2 billion and swung to a net loss of $220 million or 37 cents from a profit of $68 million or 11 cents a share.
          • Toyota Motor appointed Lexus President Koji Sato as the next chief executive of the company, after Akio Toyoda decided to step down and assume chairman role.
            • Chevron Corp increased quarterly dividend by 6% to $1.51 a share payable on March 10 to shareholders on record February 16, 36th consecutive year of increase in annual dividend payout per share.
              • Chevron Corp said its board authorized a new $75 billion stock repurchase program with no expiry date from April 1 after the ending of the $25 billion plan that will be completed at the end of March.
                • CSX Corp said fourth quarter revenue increased 9% to $3.73 billion and net income increased 9% to $1.0 billion from $934 million and earnings per share rose 17% to 49 cents from 42 cents a year ago.
                  • The U.S. economy expanded at 2.9% annual pace in the fourth quarter, slower than 3.2% in the third quarter, the BEA said in a preliminary report. 2022 GDP rose 2.1% following a 5.9% rise in 2021.
                    • U.S. durable goods orders soared 5.6% in December from previous month and orders, largest increase since July 2020. Transportation orders increased 16.7% and orders excluding transportation fell 0.1%.
                      • U.S. weekly jobless claims fell 6,000 from upwardly revised previous week to 186,000 in the week ending January 21, the lowest since April and the 4-week moving average fell 9,250 to 197,000.