Oil Refiners Won’t Crack in a Recession

Oil refiners are reaping record profits today. Recession fears are holding them back, though. Valero Energy one of the largest U.S. independent refiners, said Thursday that its net income in the second quarter reached $4.7 billion, nearly 29 times what it was a year earlier and well in excess of Wall Street expectations. The quarterly […]

The Cloud Isn’t Recession Proof

Listen to article (3 minutes) Three of the largest tech companies will be leaning heavily on their cloud operations to help weather the economic storm hitting other parts of their businesses. But even the cloud can get rained on. The segments will figure heavily in coming quarterly results this week from Amazon Microsoft and Google-parent […]

Tesla’s Tough Second Quarter Shows What Might Happen in a Recession

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Pharma Is Place to Hide During Recession

As pharma companies begin reporting earnings next week, investors could be excused for paying closer attention to the Federal Reserve. With inflation red hot and a 0.75-percentage-point rate increase at Fed policy makers’ next meeting later this month nearly baked into the market, investors are looking for safety wherever they can find it, and drug […]

Recession Noise May Drown Out Banks’ Loan Boom

Banks are finally seeing some serious momentum in loan growth. But at this point, will it matter? Both businesses and consumers have dramatically picked up the pace of borrowing in the second quarter. Outside of a stimulus-aided surge early in the pandemic, U.S. bank loans’ seasonally adjusted, annualized 15% quarter-over-quarter growth rate in the second […]