Malaysian Stocks Rebound After Two-Day Decline
FTSE Bursa Malaysia KLCI Rises 0.3% The Malaysian stock market saw a turnaround on Thursday as the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) rose by 0.3% to reach 1,406.69. Top…
Infosys Q1 Profit Falls Short of Expectations
Shares of Infosys Ltd. (INFY, 500209) dropped 7.2% in premarket trading on Thursday following the release of its fiscal first-quarter earnings report. The India-based digital services and consulting company reported…
Cryptocurrency Market Update
Overview The cryptocurrency market experienced mixed movements during morning trading on Thursday. While most large cryptocurrencies saw gains, there were a few exceptions. Let's take a closer look at the…
Equifax Forecasts Revenue and Profit Decline
Equifax, the credit reporting agency, has revised its revenue and profit outlook for the year as a result of the current state of the U.S. mortgage market. This development has…
Surge in Weight-Loss Drug Sales Forecasted to Reach $77 Billion
Morgan Stanley has revised its projection for annual sales of weight-loss drugs, estimating it to reach $77 billion. The surge in demand for these medications has exceeded supply and has…
American Express Sees Record High Spending
American Express Co. reported a surge in spending on its card products during the latest quarter, reaching an all-time high. This increase was primarily driven by consumers' willingness to pay…
Oil Futures Rise on Supply Tightening Expectations
The oil futures market saw a positive trend on Friday, with benchmarks set to record a fourth consecutive weekly rise. Experts predict that the second half of 2023 will witness…
US Cattle Inventories Fall, But Less Than Expected
The latest report from the Agriculture Department reveals that US cattle inventories on feed as of July 1 have decreased by 1.8% compared to the previous year, which is less…
The Battle for Streaming Supremacy: Amazon, Apple, and Google vs. Spotify
In the competitive world of streaming music, industry titans Amazon.com, Apple, and Google hold a significant advantage over Spotify Technology (SPOT). Besides their financial flexibility, these tech behemoths can tap…
FTX Files $1 Billion Lawsuit Against Founder for Alleged Breach of Fiduciary Duty and Embezzlement
FTX, a failed cryptocurrency exchange, has filed a lawsuit against its founder, Sam Bankman-Fried, and other former executives, alleging breach of fiduciary duty and embezzlement of hundreds of millions of…
Danone to Report First Half Results
Sales Forecast: Danone, the French food company, is expected to announce sales of 14.17 billion euros ($15.78 billion) for the first half of the year, compared to EUR13.33 billion from…
Market Update
U.S. Futures Point to Modest Gains Futures for the S&P 500 and Dow Jones Industrial Average in the U.S. showed an increase of 0.2% each. It is important to note…
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