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Analysts ramp up gold forecasts as global uncertainties mount
Reuters· 2026-02-04 12:55
Core Viewpoint - Gold is projected to achieve another record performance in 2026, driven by geopolitical uncertainty and strong central bank purchases [1] Group 1: Market Drivers - Geopolitical uncertainty remains a significant factor influencing gold prices [1] - Robust buying from central banks is contributing to the bullish outlook for gold [1] Group 2: Analyst Forecasts - Analysts are increasing their forecasts for gold prices as market conditions evolve [1]
AbbVie forecasts 2026 profit above estimates on strong sales of newer immunology drugs
Reuters· 2026-02-04 12:51
AbbVie forecast 2026 profit above Wall Street estimates on Wednesday after posting a fourth-quarter results beat, fueled by strong demand for newer immunology drugs Skyrizi and Rinvoq and a smaller-th... ...
Equinor sold about 30% of its US gas on spot market during January price spike
Reuters· 2026-02-04 12:39
Core Viewpoint - Norway's Equinor successfully sold approximately 30% of its U.S. onshore natural gas assets on a spot basis in January, taking advantage of a cold snap that significantly increased demand and prices [1] Group 1: Company Performance - Equinor capitalized on market conditions by selling a substantial portion of its natural gas volumes, indicating effective management and strategic positioning in response to demand fluctuations [1] Group 2: Market Conditions - The cold snap in January led to a sharp rise in both demand and prices for natural gas, highlighting the volatility and responsiveness of the energy market to weather-related events [1]
India's Russian oil imports down 9% in Jan/Dec amid US-India trade talks
Reuters· 2026-02-04 12:35
India's Russian oil imports slipped in January, continuing a downturn that began in December as refiners sought more alternative barrels under Western sanctions pressure and ongoing U.S.–India trade t... ...
GE HealthCare forecasts 2026 profit above estimates on strong demand for medical devices
Reuters· 2026-02-04 12:21
Core Viewpoint - GE HealthCare has projected annual profit exceeding Wall Street estimates, driven by strong demand for its diagnostic and imaging devices [1] Group 1: Financial Forecast - The company anticipates annual profit to surpass market expectations, indicating positive financial performance [1] Group 2: Market Demand - There is a robust demand for GE HealthCare's diagnostic and imaging devices, which is a key factor in the company's optimistic profit forecast [1]
New York Times forecasts quarterly subscription revenue growth above estimates
Reuters· 2026-02-04 12:07
The New York Times forecast first-quarter subscription revenue above Wall Street estimates on Wednesday, expecting its bundling strategy for news and lifestyle products to draw in more paying users. ...
Refiner Phillips 66 beats quarterly profit estimates as margins rebound
Reuters· 2026-02-04 12:06
Core Viewpoint - Phillips 66 exceeded Wall Street profit estimates for the fourth quarter, driven by a recovery in U.S. refining margins after a prolonged downturn in 2024 [1] Group 1 - The company reported a significant rebound in refining margins, which positively impacted earnings [1] - The earnings growth comes after a period of slump in the refining sector, indicating a potential recovery trend [1]
Texas Instruments to buy chip designer Silicon Laboratories in $7.5 billion deal
Reuters· 2026-02-04 12:05
Core Viewpoint - Texas Instruments has agreed to acquire Silicon Laboratories for $7.5 billion, aiming to enhance its presence in the wireless connectivity chip market for both industrial and consumer applications [1] Company Summary - The acquisition of Silicon Laboratories will allow Texas Instruments to expand its portfolio in wireless connectivity chips, which are essential for various applications in both industrial and consumer sectors [1] Industry Summary - The deal signifies a strategic move within the semiconductor industry, particularly in the wireless connectivity segment, which is experiencing growth due to increasing demand for connected devices [1]
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Reuters· 2026-02-04 11:58
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday, as margins took a toll from the company's attempt to lift trip volumes throu... ...
Eli Lilly sees 2026 profit above estimates on weight‑loss drug demand
Reuters· 2026-02-04 11:51
Eli Lilly forecast 2026 profit above Wall Street estimates on Wednesday, as it expects strong demand for its blockbuster weight-loss and diabetes drugs, Zepbound and Mounjaro, to offset pricing pressures in the U.S., its largest market. ...