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 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…
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…
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…
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, 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…
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…
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…
The importance of money in building cutting-edge chip factories cannot be underestimated. However, there is another crucial factor that plays a vital role in this process - the availability of…
Paint and coatings manufacturer, PPG Industries Inc. (PPG), announced its impressive second-quarter results, surpassing expectations of Wall Street analysts. The company also increased its full-year profit forecast, despite cautioning about…
Taiwan Semiconductor Manufacturing Corp. (TSMC) executives recently spoke out about the world's growing hype over artificial intelligence (AI) and its impact on chip makers' stock prices. While acknowledging the strong…
Allstate Corp. (ALL) revealed on Thursday that it has experienced catastrophe losses exceeding $1 billion in the month of June. The company also stated that it has made the decision…