Halliburton reported second-quarter earnings that exceeded Wall Street expectations, with adjusted earnings of $0.55 per share and revenue of $5.71 billion. Despite strong financial results, shares dropped over 6% after CEO Jeff Miller warned of a weakening oilfield services market in the short to medium term due to lower global upstream spending, reduced drilling activity in North America, and geopolitical challenges in the Middle East. The company highlighted growth opportunities internationally and signs of recovery in North America, but investor caution remains due to the broader industry's uncertain outlook.
Halliburton reported better-than-expected revenue and earnings per share for Q2, driven by growth in North America and international markets. Despite a 7% sequential revenue increase and positive free cash flow, shares declined following the earnings...
Wall Street futures rose Tuesday morning with Nasdaq up 1.3%, led by technology stocks like Nvidia, which gained momentum after investing in cloud provider Nebius. The market is reacting to President Trump's announcement of new 50% tariffs on various...
The renewed conflict in the Middle East is causing a sustained shock to energy and commodity supplies, leading to higher inflation and preventing the Federal Reserve from cutting interest rates, with possible hikes ahead. This situation comes as U.S....
