Risks Facing Carvana
Carvana Cos. has experienced a significant rally in its stock this year, but one analyst believes that Wall Street may not be fully assessing the risks ahead for the used-car…
Adobe Stock Receives Boost from Analyst as Company Expands into Generative-AI Software Tools
Morgan Stanley analyst Keith Weiss raises rating and target price on Adobe stock, citing company's push into generative-artificial-intelligence creative software tools. In a recent research note, Morgan Stanley analyst Keith…
Temporary Leave of Absence for CEO of Runway Growth Finance
Introduction Executive Changes During David Spreng's leave, Thomas Raterman, the current Chief Financial Officer and Chief Operating Officer, will step in as the Acting President of Runway Growth Finance. Raterman's…
The Bank of Japan’s Shift in Monetary Stance: Impacts on Japanese and Global Markets
The Bank of Japan (BOJ) has recently announced its intention to adopt a tighter monetary policy, signaling a departure from its previous approach. While this news bodes well for Japanese…
Krones Reports Higher Net Profit in Q2
Krones, the German manufacturer of bottling lines, has announced a higher net profit for the second quarter. The company attributes this increase to price hikes that helped offset rising material…
The Influence of Big Tech on the Stock Market
In recent times, a handful of major tech companies have played a significant role in driving the stock market's impressive performance. However, the month of July witnessed an interesting shift,…
Uber’s Ongoing Success Defies Doubters
Uber Technologies Inc. continues to defy the doubters, achieving new milestones of profitability while pursuing even bigger ambitions. Overcoming Skepticism On a recent earnings call, Uber CEO Dara Khosrowshahi proudly…
Retailers and Consumer Discretionary Stocks Experience Decline
Consumer discretionary stocks have been leading the decliners in the U.S. stock market, resulting in a downfall for retailers and other consumer companies. According to S&P Global Market Intelligence, the…
Apple Set to Report Earnings Amidst Stock Rally
Wall Street analysts are eagerly awaiting Apple's earnings report this week as the tech giant's stock continues to soar with a 50% rally in 2023. As a result, analysts are…
Iveco Reports Strong Q2 Results and Upgrades 2023 Guidance
Iveco Upgrades 2023 Guidance and Reports Strong Q2 Results Iveco, the Italian commercial vehicle maker, has announced an upgrade to its 2023 guidance following a successful second quarter. Net profit…
Bitcoin and Cryptocurrencies Rise Amidst U.S. Credit Downgrade
Bitcoin and other cryptocurrencies showed strength on Wednesday, defying the market trend of declining stocks, following Fitch Ratings' unexpected decision to downgrade the U.S. This market reaction is significant for…
Dynatrace Shares Drop Despite Beating Estimates in Latest Quarter
Shares of Dynatrace, a security-technology company based in Waltham, Massachusetts, took a hit on Wednesday. Despite surpassing expectations in the latest quarter, the company maintained its guidance for full-year subscription…