Home Equity: A Costly Resource for Homeowners
Homeowners are currently sitting on near-record home equity, a valuable asset that holds great potential. However, tapping into this resource has become more costly than ever before, posing a challenge…
ArcelorMittal’s Strong Q4 Earnings Boost Shares
Shares of ArcelorMittal, the Luxembourg-based steelmaker, saw a boost as the company reported better-than-expected earnings for the fourth quarter. At 0934 GMT, shares traded 2.6% higher at EUR25.83, reaching a…
Cameco Reports Profit in Latest Quarter
Cameco, the Canadian uranium producer, reported a profit in the latest quarter thanks to increased sales volumes and higher realized prices in its uranium and fuel services divisions. Financial Performance…
Intercontinental Exchange Reports Strong Q4 Earnings
Intercontinental Exchange (ICE), the exchange operator and financial-services provider, has announced its fourth-quarter earnings for the year. Despite a slight decrease compared to the previous year, the company's earnings surpassed…
Harley-Davidson Reports Strong Q4 Earnings, but Gives Disappointing Guidance for 2024
Harley-Davidson, the renowned motorcycle giant, announced better-than-expected fourth-quarter earnings, which pleasantly surprised Wall Street. However, despite the positive financial results, the company's stock experienced a decline. Additionally, the guidance provided…
Microsoft CEO Satya Nadella Urges Indian Developers to Harness AI Tools
BENGALURU, India — In a speech delivered to over a thousand Indian computer-code developers, Microsoft CEO Satya Nadella emphasized the importance of using the company's artificial-intelligence (AI) tools that are…
Fidelity Investments Reports Strong Growth in 2023
Fidelity Investments, one of the nation's largest wealth managers and retirement plan providers, announced a successful year of growth in 2023. Alongside this accomplishment, the company made changes to its…
Illumina Reports Higher Revenue in Latest Quarter
Illumina, the leading provider of gene-sequencing equipment and services, has announced higher revenue for its latest quarter. The increase in revenue comes as the company continues to divest itself of…
Cloudflare Reports Q4 2023 Results
Cloud-based services provider, Cloudflare, announced its impressive Q4 2023 results, which surpassed analysts' expectations. The company reported a narrowed loss of $27.9 million, or 8 cents per share, compared to…
Tesco Sells Retailing Banking Business to Barclays
Tesco, the U.K. supermarket chain, announced on Friday that it is selling its retailing banking business to Barclays for an initial amount of £600 million. The deal will also involve…
Wealth Inequality Persists in the U.S. Amidst Stock Market Boom
The stock market has proven to be the fastest way to accumulate wealth in recent years, outperforming other assets such as housing. However, this prosperity has not been evenly distributed…
U.S. Stocks on Historic Winning Streak
The U.S. stock market is poised to achieve a remarkable feat not seen since the days of President Richard Nixon. The S&P 500 index is on track to record its…