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…
U.S. Stock Markets Begin Trading with Positive Momentum
UBS Group AG (UBS) and Credicorp Ltd. (BAP) kicked off the trading day with impressive gains of 4.7% and 4.0% respectively. Other companies also experienced positive movement, with Wayfair Inc.…
Allianz Reports Strong Q2 Earnings
Allianz, Europe's largest insurer, announced its earnings results for the second quarter on Thursday, showcasing impressive growth in profits. Here are the key highlights from the report. Net Profit Surges…
Investing Against the Herd: The Unconventional Path to Success in the Stock Market
They say the stock market doesn't peak until the last bear turns bullish. Bull markets "die on euphoria," as the late Sir John Templeton used to say. The Contrarian Approach…
Cetera Financial Group Completes Acquisition of Securian Financial’s Retail Wealth Management Business
Cetera Financial Group has successfully finalized its acquisition of Securian Financial's retail wealth management business, demonstrating its continued growth and commitment to providing exceptional services to its clients. Notably, Cetera…
Housing Costs Driving Inflation Higher
Housing costs continue to contribute significantly to inflation, even as rent growth moderates. According to the Bureau of Labor Statistics, shelter inflation accounted for 90% of the consumer price index's…
Wienerberger Shares Plummet as End Market Projections Revised Downward
Shares in Wienerberger experienced a sharp decline on Thursday following the company's revision of its projections for its end markets in Europe. It seems that demand in these markets is…
Zurich Insurance Group Posts Net Profit Below Forecasts
By Mauro Orru Zurich Insurance Group has reported a net profit below analysts' expectations for the first half of the year. The Swiss insurer disclosed that its net profit increased…
Target Introduces ‘Drive Up with Starbucks’ Nationwide
Target Corp. announced on Wednesday its plans to roll out the highly successful "Drive Up with Starbucks" service across the entire country. This expansion comes after a year-long pilot program…
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