Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

How a Strong Dollar Hits Microsoft, Other Big US Companies

Microsoft Corp. MSFT 0.79% on Thursday cut its sales and earnings guidance, citing the US dollar’s gains in foreign-exchange markets. Here’s why the dollar has climbed so much this year and what that means for companies and stocks. The US Dollar Index, which tracks the currency against a basket of others, has risen roughly 13% … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more

Origin Withdraws FY 2023 Earnings Guidance on Energy Markets Woes

By David Winning Origin Energy Ltd. with draw its earnings guidance for the 2023 fiscal year after struggling to get enough coal to its Eraring power plant in eastern Australia. Origin said supply challenges have worsened recently, with coal arriving at Eraring falling short of contracted volumes. Centennial Coal, a key supplier, has notified the … Read more