© Reuters. By Dietrich Knauth NEW YORK (Reuters) – The Archdiocese of Baltimore filed for U.S. bankruptcy protection on Friday, saying it intends to seek a settlement of sex abuse claims by people who allege they were abused as children by Catholic priests. The bankruptcy filing was spurred by a…

© Reuters. Adam Turnquist of LPL Financial (NASDAQ:), during a recent appearance on Yahoo Finance Live, highlighted the energy sector’s strong performance in relation to the (^GSPC). The sector’s success was attributed to the drop in inflation in August, tracked by the Federal Reserve’s core Personal Consumption Expenditures (PCE). Turnquist…

© Reuters. Based in Saguenay, Quebec, mining company First Phosphate Corp. has attracted the attention of the Export-Import Bank of the United States. The bank has expressed potential interest in financially backing the company, as indicated by a letter received on Friday. The letter suggests a potential financial commitment amounting…

© Reuters. Marathon Petroleum Corp (NYSE:), a leading player in the oil refining industry, has witnessed a significant three-month gain of 30.09%, despite a daily loss of -2.26% on Friday. According to InvestingPro data, the company’s earnings per share (EPS) stands at 27.99, reflecting its robust financial performance. This aligns…

© Reuters. Carnival (NYSE:) Corporation, the world-renowned cruise line, has reported robust financial performance for the third quarter of 2023, surpassing Zacks estimates. The company’s revenue reached $6.85 billion, marking a substantial year-over-year increase of 59.2%. According to InvestingPro’s real-time metrics, Carnival’s revenue for the last twelve months (LTM2023.Q2) was…

© Reuters. On Friday, an analysis of US integrated oil and gas stocks Marathon Oil (NYSE:) and Equitrans Midstream (NYSE:) was published, providing insights into their investment potential using the Zacks Rank system and traditional valuation metrics. The Zacks Rank system granted Marathon Oil a “Buy” rank (#2), indicating a…

© Reuters. In a recent financial evaluation conducted on Friday, Williams-Sonoma, Inc. (NYSE:) was shown to be significantly undervalued according to a Discounted Cash Flow (DCF) model. The analysis revealed a fair value of $262 per share, a stark contrast to the current market price of $154. This discrepancy indicates…

© Reuters. The stock market witnessed a mixed performance on Friday, with the Dow Industrial Average dropping by 157.50 points and the S&P index declining by 11.46 points, while the NASDAQ index rose by 18.04 points. These movements come amidst a broader downtrend observed in September and the third quarter…

© Reuters. FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo (Reuters) – Wells Fargo said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses.…

© Reuters. Traffic backs up on the Brooklyn Queens Expressway in New York, U.S., August 2, 2018. REUTERS/Lucas Jackson By David Shepardson WASHINGTON (Reuters) – The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion…