Morgan Stanley Reports 14% Dip in Profits in Q2
Morgan Stanley, a leading global financial services firm, has revealed a 14% decline in profits during the second quarter. However, the company's wealth management unit managed to deliver record net…
Intel and Synopsys Expand Strategic Partnership
Intel and Synopsys have announced an expansion of their strategic partnership, allowing Intel's foundry customers to license intellectual property (IP) from Synopsys. This agreement covers communication, display, and memory technologies…
U.S. Stock Futures Experience Volatility in Early Trading
U.S. stock futures had a bumpy start on Monday, as the S&P 500 contract fluctuated within a nearly 40-point range. This comes as Wall Street seeks to break a two-week…
Premium Brands Holdings Reports Decline in Q2 Profit, Despite Record Revenue
Premium Brands Holdings, a Canadian specialty food manufacturing and distribution company, reported a decline in second-quarter profit, despite reaching record high revenue in the period. Profit and Earnings The company's…
Global Electricity Demand Expected to Slow in 2023 Before Rebounding in 2024
According to a recent market report by the International Energy Agency (IEA), global electricity demand is anticipated to decelerate this year due to the ongoing energy crisis and economic slowdown…
Carvana Narrows Loss in Q2, Exceeding Forecasts
Carvana, the online car retailer, reported a narrower loss in the second quarter as revenue decreased but still surpassed analyst expectations. The company's shares surged in premarket trading following the…
Alcoa Q2 Earnings Preview
Alcoa, the Pittsburgh-based aluminum producer, is set to announce its second-quarter earnings after the market closes on Wednesday. Here's what you need to know: Total Revenue According to FactSet, Alcoa…
Carvana Reports Record Profit and Announces Debt Restructuring
Carvana stock bounced back in premarket trading on Wednesday following its announcement of the best-ever quarter for profit and a debt restructuring deal. The company also revealed plans to raise…
Royal Philips Raises Guidance for 2023 Amid Strong Q2 Sales
By Anthony O. Goriainoff Royal Philips, the Dutch health-technology company, has announced an upward revision of its guidance for 2023 following a significant increase in group sales during the second…
Meta Platforms Inc. Increases Momentum Ahead of Q2 Results
The outlook appears promising as Meta Platforms Inc. prepares to disclose its fiscal second-quarter results on Wednesday. Impressive Analyst Sentiment Meta shares (META) have experienced an astounding surge in the…
Toronto Stocks Rise as Canadian Earnings Season Begins
By Adriano Marchese Stocks in Toronto showed moderate gains on Monday at midday, as Canadian earnings season prepares to kick off this week. While stocks in energy, process industries, and…
Chocoladefabriken Lindt & Spruengli Reports Strong First Half Results
Chocoladefabriken Lindt & Spruengli, the Swiss chocolatier, has announced an upgrade to its full-year guidance following impressive financial results in the first half of the year. The company reported higher…
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