Economists at Bank of America Challenge Recession Forecast
Economists at Bank of America (BofA) have taken a bold stance by retracting their prediction of an upcoming recession. This move makes them the first major bank to abandon their…
BMW Reports Lower Net Profit in Second Quarter
BMW, the German car company, has announced a lower net profit for the second quarter of this year. Despite this, the company saw an increase in group revenue. It also…
Mizuho Analysts Bullish on SoFi Technologies
Mizuho analysts are optimistic about the potential for SoFi Technologies in student loan refinancing, according to their recent earnings report analysis. Increased Buy Rating and Price Target On Wednesday, Mizuho…
Modine Manufacturing Reports Strong First-Quarter Results
Modine Manufacturing, a thermal management solutions provider based in Racine, Wis., saw its shares surge on Thursday following the release of its better-than-expected first-quarter financial results. The stock rose 11.5%…
Microsoft Corp. Shares Experience Minor Drop
Shares of Microsoft Corp. (MSFT) experienced a slight decline of 0.26% on Thursday, closing at $326.66. This drop occurred amidst a challenging trading session for the broader stock market. The…
Rising Gasoline Prices and the Impact of Saudi Production Cuts
Gasoline prices in the United States have been steadily increasing throughout the summer, and the recent production cuts by Saudi Arabia are only making matters worse for American drivers. On…
Maintaining Ample Liquidity in China’s Banking System
The People's Bank of China (PBOC) is committed to ensuring sufficient liquidity and flexibility in the country's banking system, according to a senior central bank official. To achieve this, the…
Positive Results in Late-Stage Trial for Lung Cancer Treatment
Eli Lilly & Co. (LLY) has reported significant progress in a Phase 3 clinical trial of their treatment for a specific type of non-small cell lung cancer. The trial, called…
U.K. Stocks Close Higher on Friday
The FTSE 100 Index closed up 0.47% at 7,564.37, showcasing a positive day for U.K. stocks. Top Performers Rolls-Royce Holdings PLC (RR) led the gains with a significant increase of…
Employment Data Points to Increasing Demand for New Housing
Friday's employment data suggests that there is a growing demand for new housing, particularly as potential sellers with low mortgage rates choose to stay put. According to the Bureau of…
Nabaltec Lowers Outlook for 2023
Shares in Nabaltec, the German chemicals company, experienced a significant drop on Friday as the company adjusted its year-end forecast downwards. The primary reasons cited for this adjustment were weak…
Canada’s Official International Reserves Increase in July
Canada's official international reserves saw a positive growth in July, with a $228 million increase driven by investment gains, according to the federal finance department. As of July 31, the…