Exxon Dividend Is ‘Very Safe’ After Surprisingly Robust Earnings, CEO Says

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An Exxon Mobil refinery in Rotterdam, the Netherlands.

Dean Mouhtaropoulos/Getty Pictures

Exxon Mobil

achieved a significant milestone in its first-quarter earnings report, helped by rising oil costs and a slimmed-down enterprise mannequin. The corporate’s money move lined its dividend and capital expenditures. Just some months in the past, analysts have been speculating that Exxon may need to chop its dividend.

Exxon (ticker: XOM) on Friday reported adjusted earnings of 65 cents a share, a nickel forward of Wall Road estimates. Its income of $59 billion outpaced expectations for $56 billion.

The enhancements come within the nick of

3 prime web shares for 2022 with as a lot as 40{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} upside

Jefferies: 3 prime web shares for 2022 with as a lot as 40{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} upside

Tech shares are having a sluggish begin in 2022. However Jefferies stays optimistic, particularly in the case of firms within the fast-growing web sector.

The Wall Avenue agency’s web picks fell 5{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} in 2021 — notably disappointing efficiency contemplating that each the S&P 500 and the Nasdaq gained greater than 20{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for the 12 months.

Jefferies says that the distinction in efficiency may very well be a “nice alternative” for web shares to make a comeback in 2022.

So right here’s a have a look at

Why Apple’s ‘blowout’ earnings aren’t boosting its inventory

Apple Inc.’s inventory isn’t getting a lot love from buyers even after the corporate delivered what one analyst described as “blowout” outcomes for its March quarter.

Shares of the smartphone big have been down 0.7{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} in noon Thursday buying and selling, reversing course after earlier features of as a lot as 2.6{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811}, following a fiscal second-quarter report during which Apple

simply topped expectations throughout all of its product classes, with surging demand for the brand new iPhone and continued robust momentum for the iPad and Mac companies amid the remote-work increase.

Regardless of the robust outcomes, there are

India-UAE FTA talks: Responsibility reduction probably for job-intensive sectors

The FTA is anticipated to boost bilateral merchandise commerce to $100 billion in 5 years following the signing of the pact from about $43 billion in FY21. It additionally goals to greater than double bilateral companies commerce to $15 billion throughout this era.

India is in talks with its third-largest export vacation spot, the UAE, for duty-free market entry in merchandise starting from gems & jewelry and textiles & clothes to sure engineering items like metal beneath a proposed free commerce settlement (FTA), sources informed FE. It could be the primary FTA to be signed by India in simply over

Apple’s Q2 2021 earnings will deal with iPhone 12 gross sales, world chip scarcity

Apple (AAPL) is ready to report its Q2 2021 earnings after the closing bell on Wednesday. Whereas analysts are calling for the tech big to beat income expectations, Apple will face questions on how its enterprise can be affected by the worldwide chip scarcity and elevated COVID-19 vaccinations.

Right here’s what Wall Road expects from the quarter versus how Apple carried out in Q2 final 12 months.

  • Income: $77.3 billion anticipated versus $58.3 billion in Q2 2020

  • Earnings per share: $0.99 anticipated versus $2.55 in Q2 2020

  • iPhone income: $41.5 billion anticipated versus $28.9 billion in Q2 2020

  • iPad income:

Energy ministry to determine on strategy to develop Rs 27,000 crore for transmission system

The NCT, which was constituted by the ability ministry to determine inter-state transmission initiatives to be developed by way of aggressive bidding, had met in early-December, 2021 to determine on the mode of implementation of the Ladakh line.

Stopping wanting making a transparent suggestion on how the transmission system for the deliberate renewable power initiatives in Ladakh must be awarded for growth, the nationwide committee on transmission (NCT) has requested the Union energy ministry to take a ultimate name on whether or not to observe the regulated tariff mechanism (RTM) or to decide on the tariff primarily based aggressive bidding

Financial Evaluation: India able to face any taper tantrum, says CEA KV Subramanian

He additionally stated that firms have undergone deleveraging in recent times and lower prices. With profitability enhancing, they’re ready to speculate once more.
Given the numerous reforms which have been performed over the past one and a half years, I’ve no hesitation in saying that I stay up for a decade of excessive progress for India.

India is well-poised to climate the ripple impact of taper tantrum if the US Federal Reserve begins to reduce its $120-billion-a-month quantitative easing later this yr, chief financial advisor Krishnamurthy V Subramanian advised FE in an interview.

In contrast to within the aftermath of

Tesla Inventory Falls As Earnings Beat Amid Bitcoin, Regulatory Credit score Gross sales; Musk Blasts ‘Extraordinarily Misleading’ Media

Tesla (TSLA) topped first-quarter earnings estimates late Monday after greater than doubling deliveries for the interval, whereas gross sales of Bitcoin and regulatory credit totaled almost $800 million. Tesla inventory fell Tuesday.


CEO Elon Musk, talking on an earnings name with analysts, stated media stories of a latest deadly accident have been “extraordinarily misleading.” One other govt claimed that somebody was within the driver seat, in distinction to reporters quoting regulation enforcement.

Tesla Earnings

Estimates: Analysts polled by Zacks Funding Analysis anticipated Tesla earnings per share of 79 cents, a 216{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} year-over-year surge. Gross sales have been seen

Sharpest rise in salaried jobs: Employment rises by 8.5 million in September; at highest degree in 20 months

CMIE’s pattern includes over 1.79 lakh households and over 5.22 lakh members who’re over 15 years outdated.

Led by salaried jobs, employment elevated by 8.5 million in September to 406.2 million, the very best degree since March 2020. Nonetheless, it nonetheless remained barely decrease than the September 2019 degree of 406.7 million.

Consequently, unemployment fee fell to six.86{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} in September from 8.3{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} in August this yr, however remained barely larger than 6.68{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} recorded in September final yr, CMIE’s client pyramids family survey revealed.

CMIE’s pattern includes over 1.79 lakh households and over 5.22 lakh members who’re over 15 years outdated.

Coinbase Inventory: Is It A Purchase Proper Now? This is What Earnings, COIN Inventory Chart Present

As the recognition of cryptocurrencies — particularly Bitcoin and Ethereum — surges, Coinbase World (COIN) is on the forefront of the cryptocurrency trade. After the corporate’s hyped IPO, is Coinbase inventory a purchase or promote within the present inventory market rally?


Coinbase Inventory IPO

The crypto large launched its direct itemizing on the Nasdaq on April 14, pricing at 250 a share. Coinbase inventory shot up practically 72{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} to 429.54 earlier than closing its first day of buying and selling at 328.28, up 31.3{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811}, for a valuation of $87.3 billion.

Analysts count on the Coinbase IPO to provide the