Canada’s Inflation Rate Subdued in June
Canada's annual inflation rate experienced a slowdown in June, primarily driven by a decrease in fuel prices. According to Statistics Canada, the country's consumer price index rose by 2.8% compared…
VinFast Makes a Splash on Nasdaq with Astounding Surge in Stock Price
VinFast Auto, a burgeoning electric vehicle (EV) start-up, has made quite the splash with its recent debut on the Nasdaq. Closing at an astounding $37.06 per share, the stock saw…
Jack Henry Shares Decline 9% After Lower-than-Expected 2024 Guidance
Jack Henry shares experienced a significant decline, dropping 9% to $153.94, following the company's release of their 2024 guidance, which fell short of analysts' projections. Earnings and Revenue Forecast According…
Synopsys Inc. Surpasses Earnings Expectations and Appoints New CEO
Synopsys Inc. witnessed a surge in its shares during the extended session on Wednesday, following an announcement that the chip-design verification and automation company had exceeded Wall Street's earnings projections.…
Tesla Cuts Prices in China
Tesla has once again slashed prices in China, signaling its determination to dominate the world's largest car market. The electric-vehicle giant reduced the price of its luxury sedan, the Model…
Goldman Sachs Lowers Recession Chances with Confidence in US Economy
Goldman Sachs, a prominent voice in economic discussions, has made a significant adjustment to the likelihood of a U.S. recession. Chief economist Jan Hatzius has reduced the probability of a…
Tapestry Shares Drop After Fourth Quarter Earnings Miss
Tapestry, the parent company of luxury brands Coach, Kate Spade, and Stuart Weitzman, experienced a decline in stock prices during premarket trading following the release of disappointing fourth-quarter financial results…
Fitch Ratings Downgrades Operating Environment Rating for U.S. Banks
Fitch Ratings analyst Christopher Wolfe has recently revised his firm's operating environment rating for U.S. banks. The rating has been lowered from aa to aa-, primarily due to the uncertainties…
Berkshire Hathaway Inc. Reports Decline in Stock Price
Shares of Berkshire Hathaway Inc. (BRK.B) experienced a slight decrease of 0.26% on Thursday, closing at $353.19. This drop took place during a challenging trading session for the overall stock…
Stock Market Update
Stock futures traded with slight gains on Thursday following a lower close on Wall Street. The minutes from the Federal Reserve's meeting in July revealed a concern over inflation, suggesting…
Casino Guichard-Perrachon Shares Plummet Amid Debt Restructuring Negotiations
Shares of Casino Guichard-Perrachon (CGP) plummeted on Tuesday as talks to restructure its debt continued with a consortium led by Czech billionaire Daniel Kretinsky. The negotiations are ongoing after a…
Estee Lauder Reports Better-Than-Expected Q4 Earnings, but Offers Conservative Guidance
Estee Lauder Inc.'s stock EL fell 2% premarket Friday, following the release of the cosmetics company's fiscal fourth-quarter earnings report. While the earnings surpassed expectations, the company's guidance fell short…