Europe’s Airbus has recently disclosed a significant drop in second-quarter profits due to the expenses related to investing in higher jetliner production. This, combined with previously announced charges in its Space Systems business, has resulted in a more than 50% decrease in adjusted operating profit to 814 million euros ($879.7 million) for the quarter. Despite
2024
Advanced Micro Devices recently released their second-quarter earnings report, surpassing Wall Street expectations and showcasing impressive growth in sales of the company’s AI chips. The company reported earnings per share of 69 cents, adjusted versus 68 cents, and revenue of $5.83 billion versus $5.72 billion expected. These results led to an 8% rise in AMD
Over the weekend, the movie Longlegs starring Nicolas Cage managed to rake in an impressive $6.7 million on 2,730 screens. This third week performance has allowed the film to surpass Parasite as the highest grossing film ever for the indie distributor. Not only that, but Longlegs has also claimed the title of the top grossing
Over the past weekend, Ryan Reynolds, Hugh Jackman, and Director Shawn Levy’s film, Deadpool & Wolverine, shattered box office records. The movie achieved the highest R-rated opening of all time, both worldwide and domestically, raking in an impressive $438.3 million globally and $205 million in the domestic market. This feat surpassed the previous record set
In the midst of a volatile market, investors are always on the lookout for stable investments that can help navigate the ups and downs. One such investment is Western Midstream Partners (WES), a limited partnership that owns and operates midstream assets in various states. What sets WES apart is its high dividend yield of 8.8%,
The assessment by Citi strategists on the potential impact of the 2024 US presidential election on oil prices suggests that under a Trump administration, the oil market could experience a net bearish trend. This could be attributed to factors such as trade tariffs, oil-and-gas-friendly policies/deregulation, and efforts to push OPEC+ to release more oil to
Donald Trump’s upcoming appearance at the biggest bitcoin conference of the year marks a stark shift from his previous stance on cryptocurrencies. Despite openly criticizing bitcoin during his time in the White House and expressing skepticism towards its legitimacy, Trump is now embracing the digital asset space. This change in position is reflective of the
In a recent interview with CNBC’s “Fast Money,” traders Danny Moses, Vincent Daniel, and Porter Collins expressed their bullish stance on gold. This trio, known for their successful bet against the housing market prior to the 2008 crisis, emphasized the importance of including gold in investment portfolios. Collins highlighted the impact of central bank buying
Disney and Marvel’s “Deadpool & Wolverine” has shattered expectations with a staggering $38.5 million in Thursday previews. This highly anticipated film is on track for a domestic opening of over $150 million, setting a new record for an R-rated movie. It is the first R-rated entry in the Marvel Cinematic Universe, making it a groundbreaking
As the Bank of England (BoE) prepares for its upcoming meeting, speculation looms large over whether the central bank will cut interest rates from their current 16-year high of 5.25%. With key policymakers remaining silent due to election rules, investors are left in the dark regarding the potential outcome of the decision. Interest rate futures
Juniper Networks recently reported a decrease in second-quarter revenue, falling short of analyst expectations. The company’s Q2 earnings per share (EPS) of $0.31 missed the consensus estimate of $0.44. Additionally, revenue for the quarter was $1.19 billion, below the projected $1.25 billion. These results revealed a 17% decline in revenue compared to the same period
AMC Entertainment, one of the largest theater chains in the world, reported a significant drop in revenue for the second quarter of the year. The company’s total revenues for the quarter ended June 30 decreased to just over $1 billion, down from $1.35.9 billion in the same period last year. The decline in revenue can
The recent lackluster quarterly results from Tesla and Alphabet have sent shockwaves through the tech-heavy Nasdaq, leading to an expected weak opening for Wall Street. Tesla experienced an 8.5% slump in premarket trading, potentially losing over $65 billion in market value after reporting its lowest profit margin in more than five years. Similarly, Google parent
India’s recently unveiled 2024-25 budget seems to be an attempt by the government to address the challenges posed by a weakened job market and rural distress, which were highlighted as key factors in the BJP’s recent election setback. The Finance Minister, Nirmala Sitharaman, has allocated a significant amount of funding towards job creation and rural