Stock Market
AB InBev Shares Surge 4% Post Bank of America Upgrade
Shares of Anheuser-Busch InBev (AB InBev), the parent company of Bud Light, surged by as much as 4% on Friday following an upgrade from Bank...
Eight Companies Settle with SEC, Pay $111M in Penalties
Eight prominent companies have collectively agreed to pay a staggering $111 million in penalties to the US Securities and Exchange Commission (SEC) for transgressions related...
Q3 Tesla Report: Meeting Delivery Projections?
In the lead-up to the anticipated third-quarter (Q3) report of Tesla, concerns have emerged regarding the company’s ability to meet delivery projections. Analysts have sounded...
New York Fed President: Rates Near Peak, Stable Forecast
In a statement released on Friday, New York Fed President John Williams conveyed that the Federal Reserve is currently positioned at or in close proximity...
September Gloom Sets Tone for October Market
In the waning days of September, investors are on edge, facing a persistently grim stock market outlook, with indications suggesting another challenging month for stocks...
Nike Surpasses Expectations in Fiscal First Quarter Performance
Sportswear titan Nike (NKE) delivered a robust performance in its fiscal first quarter, outpacing Wall Street projections for sales, gross margins, and earnings per share....
Fed-Induced Selloff: Safe Haven Status of Apple at Risk
The recent Fed-induced selloff in technology stocks has prompted traders to deploy customary crisis management strategies, yet seeking shelter in Apple Inc, a typically favored...
Carnival Cruise: From Loss to $1.07B Q3 Profit
Carnival cruise announced a robust third-quarter (Q3) profit of $1.07 billion, equivalent to 79 cents per share, marking a remarkable rebound from last year’s loss...
August PCE Index: Inflation Moderates at 3.5%
New government data reveals that the Federal Reserve’s Personal Consumption Expenditures (PCE) Index experienced a 3.5% year-over-year growth in August, slightly up from the 3.4%...
Stocks Surge at Opening Bell, Building on Thursday’s Gains
The stock market kicked off Friday with a surge in stocks, making strides towards recovering Thursday’s gains. Wall Street eagerly absorbed the latest update on...
