Markets look ahead: What’s in store for global data and Nvidia’s earnings
With key economic data and Nvidia earnings scheduled, this week will provide important signals for global market directions. ADVERTISEMENTThis week, the market focus will be…
‘Deadpool & Wolverine’ and ‘Inside Out 2’ drive Disney studio earnings
Superheroes and animation packed a punch for Walt Disney Co. as “Deadpool & Wolverine” and “Inside Out 2” propelled the company’s film studio to one…
Volkswagen’s earnings disappoint as shares plunge to 24-year low
Volkswagen’s third-quarter earnings missed expectations, pushing shares to a 24-year low. Europe’s biggest automaker faces rising costs, restructuring expenses, and slowing demand, particularly in China.…
Eurozone inflation data and big tech company earnings in focus this week
This week is lined up with critical economic events and company earnings, which are expected to drive market sentiment. Eurozone inflation data will be the…
Barclays reports strong earnings on robust investment bank revenue
Barclays shares surged to a nine-year high on the NYSE following strong third-quarter earnings, primarily driven by growth in its investment bank. CEO Venkatakrishnan expressed…
CN revises earnings guidance lower after work stoppage
Article contentMONTREAL — Canadian National Railway Co. revised its earnings guidance for 2024 lower due to several factors including the recent labour stoppage that saw…
William Hill’s owner says company is getting ‘stronger’ despite earnings crashing by two-thirds
WILLIAM HILL and 888 owner Evoke is counting the cost of rejigging the business this year.The gambling giant saw earnings crash by two-thirds in the…
Cisco earnings beat expectations as company announces 7% cut to workforce
Cisco Systems Inc., headquartered in San Jose, Calif., announced Wednesday it plans to lay off 7% of its global workforce to offset larger artificial intelligence…
AI stocks lose appeal amid heavy spending and slowing earnings growth
The one-month selloff in technology stocks might indicate sector rotations by major funds as the investment cycle shifts. Quarterly earnings reports also suggest a slowdown…
SoftBank, Tokyo Electron Earnings Likely to See Boost From AI Chip Demand
Breadcrumb Trail LinksPMN BusinessTokyo Electron Ltd. and Lasertec Corp. will report earnings on the heels of chip titans SK Hynix Inc. and Samsung Electronics Co.,…
CN Rail lowers 2024 earnings forecast due to strike uncertainty
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Canadian PressAmanda StephensonPublished Jul 23, 2024 • 3 minute read You can save this article by registering for…
ASML shares plunge as geopolitics overshadow strong earnings
The Dutch chip equipment maker, ASML, reported better-than-expected earnings for the second quarter. However, its shares plunged due to stricter US export curbs on exports…
Here are five themes to watch as earnings season kicks off
Breadcrumb Trail LinksInvestorCompanies will have to impress as expectations are elevated, especially for megacap technology stocksAuthor of the article:Bloomberg NewsEsha Dey and Jessica MentonPublished Jul…
Earnings preview: US big banks may see profit decline in the second quarter
The US earnings season will kick off with big banks reporting their second-quarter performance on Friday. Analysts expect these banks' profits to be negatively impacted…
Ascot-winning jockey who ‘turned heads immediately’ on brink of shattering all-time earnings record
AN Ascot-winning jockey who 'turned heads immediately' in racing is on the brink of shattering the all-time earnings record. Emma-Jayne Wilson, 41, is closing in…
The town where house prices are 17 times earnings
9 minutes agoBy Louise Parry & Laurence Cawley, BBC News, in St AlbansGetty ImagesWhat do those priced out of home ownership in the Hertfordshire city want to…
Ahead in the markets: manufacturing PMIs, UK CPI and Nvidia earnings
In the week ahead, global manufacturing PMIs, inflation data from the United Kingdom (UK), and Nvidia’s quarterly results will be in the spotlight for the…
Wall Street Is Sending a Bullish Signal for S&P 500 Earnings
Breadcrumb Trail LinksPMN BusinessAnalysts are ratcheting up earnings forecasts for the current quarter at the swiftest pace in two years, suggesting that the worst of…
Munich Re stock rises as company cheers investors with latest earnings
A stronger operational performance and less major-loss expenses than previously thought contributed to Munich Re's latest financial results. ADVERTISEMENTShares in German reinsurance giant Munich Re…
TD Bank U.S. laundering probe risks an earnings hit, analysts say
Breadcrumb Trail LinksNewsFinanceBankingNational Bank’s analysis suggests the case could 'result in a much larger fine than initially contemplated'Author of the article:Bloomberg News Christine DobbyPublished May…