Reuters | May 16, 2024
By Ananya Mariam Rajesh and Siddharth Cavale (Reuters) -Walmart raised its full-year forecast and reported better-than-expected quarterly results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high in their biggest one-day gain in four years. Some U.S. retailers […]
Shanthi Rexaline | May 12, 2024
Alibaba Group Holding Limited (NYSE:BABA) shares have been on a broad consolidation move since bottoming in late October 2022. The company is still reeling from the impacts of regulatory clampdowns and lackluster domestic economic growth. As the Jack Ma-founded company prepares to release its fourth-quarter results Tuesday before the markets open, here’s a look at […]
Reuters | May 10, 2024
(Reuters) – Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report. Investors bought a net $12.72 billion worth of global equity funds during the week, the largest weekly net purchase since March […]
Reuters | May 7, 2024
By Stephen Nellis (Reuters) -Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology. Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple, […]
Surbhi Jain | May 6, 2024
The Walt Disney Co (NYSE:DIS) will be reporting its second-quarter earnings on Tuesday, May 7. Wall Street expects $1.10 in earnings per share (EPS) and $22.12 billion in revenues as the company reports before market hours. The stock is up 12.69%% over the past year — more than 25.8% year-to-date. Let’s look at what the […]
Reuters | May 3, 2024
By Nicole Jao NEW YORK (Reuters) -Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs data and possible timing of a Federal Reserve interest rate cut. Brent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West […]
Anan Ashraf | April 30, 2024
Nico Murillo was part of the large group of Tesla employees who were laid off by the EV giant earlier this month. Day Of The Layoff: In a post on Linkedin, Murillo recounted his experience starting from the morning of April 15 when he noticed that his work account was deactivated but dismissed it thinking […]
Avi Kapoor | April 29, 2024
As of April 29, 2024, four stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go […]
Reuters | April 26, 2024
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate following a series of crashes. The National Highway Traffic Safety Administration (NHTSA) said it opened the probe after […]
Reuters | April 26, 2024
(Corrects APRIL 25 Factbox to show Nippon Steel-U.S Steel is a proposed deal awaiting regulatory approval, bullet point 4) (Reuters) -BHP Group has bid $38.8 billion for smaller rival Anglo American, offering a deal to forge the world’s biggest copper miner. Here is a list of some previous big-ticket deals in the mining sector: – […]
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