5 things to know before the stock market opens Tuesday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Here are the most important news items that investors need to start their trading day.

Tuesday, posting a nearly 70% year-on-year drop in second-quarter profits. Profits fell from $8.5 billion in the second quarter of 2022 to $2.6 billion in underlying replacement cost profit, which is used as a proxy for net profit. Analysts had expected to see profits of $3.5 billion for the British company, according to Refinitiv.

The news comes amid weaker fossil fuel profits, which have hit the whole energy industry. Despite that, BP boosted its dividend by 10% for the second quarter.U.S. President Joe Biden attends a press conference to deliver remarks on the economy at Auburn Manufacturing, a company that produces heat- and fire-resistant fabrics for a range of industrial uses in the U.S. and abroad, in Auburn, Maine, U.S. July 28, 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines