Stock Market
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...
Dow Jones Holds Steady as S&P 500 Slips and Nasdaq Composite Declines
The Dow Jones Industrial Average (^DJI) maintained a steady position, hovering near the flat line just before 3 p.m. ET on Wednesday, in a trading...
