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…
Oil futures approach three-month highs as supply tightens
Oil futures are showing slight gains in early trading on Tuesday, reaching their highest levels in three months. Investors are closely monitoring signs of tightening supply and anticipating central bank…
China Replaces Outspoken Foreign Minister
China has made a significant change in its foreign affairs department, removing the outspoken Foreign Minister Qin Gang from office. In a surprising move, Qin's predecessor, Wang Yi, has been…
Li Auto Reports Profit as Sales Surge
Li Auto, the Chinese electric-car maker, has announced its turnaround to profitability in the second quarter, driven by strong sales and improved profit margins. Financial Performance Li Auto posted a…
Coca-Cola HBC Exceeds Market Expectations with Higher Profit
Coca-Cola HBC, the London and Athens-listed bottler for Coca-Cola, has reported a higher pretax profit for the first half of 2023. The company's strong performance was driven by improvements in…
Chinese Banks Issue Smaller-Than-Expected New Loans in July
Chinese banks have issued a smaller-than-expected amount of new loans in July, indicating weak credit demand despite the government's efforts to encourage lending to businesses and households. Decrease in New…
U.S. Stock Futures Show Limited Movement Ahead of Data on Producer Prices
The stock market is awaiting the release of data on producer prices, following consumer price statistics that had little impact on market movement. Here are the latest figures: Dow Jones…
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