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Watches of Switzerland Shares Dive as Rolex Ventures into Retail
The Watches of Switzerland Group Plc, renowned as the United Kingdom’s largest vendor of Rolex watches, faced a substantial setback on Friday following a surprising...
Gap Shares Surge 8% on Strong Quarterly Profit Beat
Gap, the renowned apparel brand, experienced an impressive 8% surge in its shares on Friday, attributed to its latest quarterly profit surpassing expectations. This positive...
Wells Fargo Settles SEC Allegations with $35M Penalty
In a recent development, Wells Fargo has reached an agreement with the US Securities and Exchange Commission (SEC) to pay a substantial penalty of $35...
Tesla Supercharger Hangout – Drive-In Diner Nears Reality
Elon Musk’s ambitious vision of a drive-in diner and movie theater, nestled within a Tesla Supercharger station, has taken a significant stride towards realization....
Disney Stock Shows Recovery, Climbs 0.6% on Friday
In a glimmer of hope for Disney investors, the company’s stock (DIS) showed signs of recovery, edging up by as much as 0.6% on Friday....
Digital World Shares Drop 5% as Trump Returns to Social Media
Shares of Digital World Acquisition Corp, a special purpose acquisition company (SPAC) that had previously announced plans to merge with the media venture of former...
Stocks Retreat After Powell’s Jackson Hole Remarks
Experiencing a tumultuous ride on Friday, the stocks of major indices retreat into the red territory as Federal Reserve Chairman Jerome Powell’s remarks during the...
Federal Reserve’s Powell Affirms 2% Inflation Target
Federal Reserve Chairman Jerome Powell delivered a speech on Friday at the Jackson Hole Economic Symposium held in Jackson, Wyoming, where he reiterated the central...
Investors Retreat: $11B Pulled from US Equity Funds
Investors exhibited a growing sense of unease as they withdrew a substantial $11.07 billion from US equity funds during the week ending August 13th. This...
Tesla Tweet Fallout: SEC Settles with Investors for $40M
Investors of Tesla Inc. are on the brink of recovering losses stemming from a consequential tweet made by Elon Musk in 2018, wherein he asserted...
