Stock Market
Investors Flock to U.S. Treasury Funds on Yield Appeal
U.S treasury funds and bonds have managed to defy lackluster economic projections and capture remarkable levels of investment attracting investors throughout 2023. According to insightful...
News Corp Outpaces Profit Estimates, Fueled by AI Growth
In a surprising turn of events, media mogul Rupert Murdoch’s News Corp announced on Thursday that it had exceeded its quarterly profit estimates, attributing the...
Cost-Cutting Surge: Tech Industry Slashes Capex to Fuel Remarkable Market Highs
In recent months, a wave of cost-cutting has swept through the tech industry, ushering in a surge in profits and stock values for major players....
Energy Sector Fluctuations Pose Inflation Risk, CPI Inches Higher
The stock market exhibited a notable surge on Thursday in response to the latest Consumer Price Inflation (CPI) data for July, revealing a relatively restrained...
Stock Futures Retreat as Investors Scrutinize Inflation Data for Rate Direction
Stock futures experienced a decline on Friday as investors meticulously analyzed the latest inflation data, aiming to deduce whether the recent inflation surge or July’s...
Mixed Day for Indices: Dow Jones Gains, S&P Maintains, and NASDAQ Edges Higher
In a day marked by cautious optimism, stocks inched higher on Thursday as newly released earnings season data indicated a slight uptick in inflation, bolstering...
Tapestry Unveils Landmark $8.5 Billion Purchase of Capri Holdings, Redefining Luxury Fashion Landscape
In a surprise announcement that reverberated throughout Wall Street, Tapestry (TPR) unveiled its ambitious plan to purchase Capri Holdings (CPRI) for a staggering $8.5 billion,...
Alibaba Beats Analyst Estimates with Strong First-Quarter Performance Amidst Challenging Chinese Economy
Amidst a backdrop of economic challenges in China, Alibaba Group Holding has defied expectations by reporting impressive first-quarter revenue figures that surpassed analyst predictions. Despite...
Inflation Accelerates: July CPI Report Indicates 3.3% Rise, Federal Reserve in Focus
Investors are eagerly anticipating the release of the July Consumer Price Index (CPI) data on Thursday, a significant factor that will shape the upcoming interest...
Buffett Indicator Signals Overvaluation in Stock Market
After a period of exuberant growth in the summer bull market, Warren Buffett’s favored metric, the “Buffett Indicator,” is ringing alarm bells about potential overvaluation...