U.S. Stock Market Update
The U.S. stock markets are gearing up to open in just two hours, and there are some notable pre-market movements. Nutanix Inc. Cl A (NTNX) is showing strong performance, up…
Ensuring a Favorable Business Environment: The New Direction for Gabon
By Emmanuel Tumanjong In the wake of the recent coup against President Ali Bongo Ondimba, General Clotaire Brice Oligui Nguema, the leader of Gabon's junta, has made it clear that…
U.S. Stock Indexes Open Lower on Mixed Earnings and Anticipation of Fed Rate Decision
U.S. stock indexes opened lower on Wednesday morning as investors digested mixed earnings and awaited the Federal Reserve's interest-rate decision. This decision has the potential to push borrowing costs to…
Mortgage Rates and Home-Buying Demand
Mortgage rates remained relatively stable this week, but the demand for home-buying experienced a significant decline due to high borrowing costs. Decrease in Mortgage Applications In mid-July, the 30-year mortgage…
Velocity Composites Expects Revenue Reduction and Ebitda Loss in Fiscal 2023
Velocity Composites, a U.K. aerospace-materials supplier, experienced a sharp decline in its shares by up to 29% after announcing that it anticipates a reduction in its fiscal 2023 revenue. This…
BT Group Appoints Allison Kirkby as Chief Executive
BT Group announced today the appointment of Allison Kirkby as its new chief executive, taking over from Philip Jansen at the end of January. Kirkby, who currently serves as the…
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,…