Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Analysts at CFRA expect corporate earnings to have surged 16.3 percent in the first quarter, the most in seven years.
"It marks the best growth recorded since 2011 when the [S&P 500] was climbing out of the depths of the latest recession, and is reminiscent of the growth recorded at the peak of the prior bull market," Lindsey Bell, investment strategist at CFRA, wrote in a note Thursday.
Corporate earnings rose 19.5 percent in the first quarter of 2011, according to FactSet.
This is one of the most widely anticipated earnings seasons in recent memory as investors expect a lower corporate tax rate to have boosted the bottom line for companies. President Donald Trump signed a bill in December that lowered the U.S. corporate tax rate to 21 percent from 35 percent.
"This will be the first quarter corporations will benefit from the Trump administration's tax policy, which is a key reason growth jumped from 10.4% at the start of the year to above 16% by the end of January," Bell said.
But the stock market comes into the earnings season amid a spike in volatility, fueled in part by worries about rising interest rates and increasing trade tensions between the U.S. and key partners like Mexico and China.
The S&P 500 fell 1.2 percent in the first quarter and more than 4 percent in the past month.
"We are nervous that market turmoil could result in tempered Q2 guidance from corporate management teams," Bell said.
Corporate earnings season kicked off Thursday, with asset manager BlackRock and Delta Air Lines reporting higher-than-expected profits. Citigroup, J.P. Morgan Chase and Wells Fargo are among the companies scheduled to report Friday morning.