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.
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EUV Breakthrough: Intel Ramps Up Production in Ireland Facility
Intel, once the unrivaled leader in chip manufacturing, declared on Friday its commencement of high-volume production using extreme ultraviolet (EUV) lithography machines at its state-of-the-art
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
Stocks Rally as Federal Reserve Maintains Higher Interest Rates
Stocks saw a rally on Thursday, recovering from earlier losses in the week as the Federal Reserve opted to suspend any potential interest rate cuts,
US Gaming Giant Roblox Takes Careful Steps into China
Roblox, the prominent US based online gaming company, has undertaken a measured approach in its pursuit of the China market. In 2019, the company unveiled
EEOC Files Harassment Lawsuit Against Tesla
The U.S. Equal Employment Opportunity Commission (EEOC) has launched legal a lawsuit against electric car manufacturer Tesla Inc., accusing the company of permitting egregious harassment
Mortgage Rates Surge: Highest in 23 Years
Mortgage rates have surged to a 23-year high this week, with the average 30-year fixed mortgage climbing to 7.31% from 7.19% the previous week, according
