Chevron's Free Cash Flow Rises - An Expected Dividend Hike Could Push CVX 14% Higher
Chevron Corp reported a 52% YoY gain in Q3 adjusted free cash flow (FCF), and a 14% adjusted FCF margin. That more than covered its dividend and buybacks.
ISM Manufacturing Confirms Regional Feds’ Reports
Today’s report continued this year’s string of contractionary readings, declining slightly to 48.7.
FX Today: The RBA Is Expected To Keep Rates Unchanged
The US Dollar Index (DXY) advanced for the fourth consecutive day, hitting new multi-week tops.
Has The S&P 500 Become Too Dependent On The Magnificent Seven For Its Own Good?
The S&P 500 has gone from strength to strength since the launch of OpenAI’s ChatGPT large language model (LLM), as the global artificial intelligence boom saw some tech stock valuations soar beyond $4 trillion for the first time.
Dow Jones Industrial Average Dips As AI Investments Drive Broader Market Gains
The Dow Jones eased back below 47,500 on Monday, though losses remain limited.