CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Business News: Apple (APPL) revenue up, Chevron (CVX) misses

By Jenny McCall

13:15, 28 January 2022

Apple (APPL) logo on company store in New York
Chevron fourth quarter profit missed Wall Street estimates – Photo: Shutterstock

Key Points

Netflix (NFLX) stock price jumped over 7% Thursday following an announcement that hedge fund manager Pershing Square had acquired 3.1 million shares.

Apple (AAPL) first quarter revenue rose 11% year over year to a record $123.9bn.

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Top business and economic news

  • Chevron (CVX) announced today fourth quarter profit of $5.1bn that had missed Wall Street estimates. Revenue of $48.1bn topped expectations.
  • Apple (AAPL) says its sees encouraging signs of supply chain improvements

Markets today

  • Stocks: US stock futures are indicating a lower open as investors react to signals by the US Federal Reserve of approaching interest rate hikes.
  • Oil: Oil prices rose again today as geopolitical tensions lead to concerns growing over supply.
  • Gold: Gold prices were down on concern over future US Federal Reserve interest rate increases.
  • Forex: The US dollar continued to rise today, as higher interest rates fuelled the currency's gains against rivals.
  • Crypto: Bitcoin was down 0.89% and Ethereum fell 3% by afternoon today.

What to watch today

  • Japan's SoftBank Group (9984) announced today that its chief operating officer, Marcelo Claure, is leaving. This latest news follows a string of other high-profile departures.

Markets in this article

Oil - Brent
Brent Oil
84.820 USD
Bitcoin / USD
61084.40 USD
2251.75 +3.840%
Ethereum / USD
3263.25 USD
89.06 +2.820%
2411.07 USD
SoftBank Group Corp.
11479.4 USD
-515.2 -4.330%

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Related reading

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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