Amidst the ongoing Q4 FY24 earnings season, Goldman Sachs analysts have conducted a thorough recalibration of their projections for the Indian pharmaceutical sector. This recalibration takes into account a wide spectrum of variables, ranging from monthly sales data to currency fluctuations. One of the key observations made by the analysts is that the sector is
industry
This past weekend marked a significant change in the box office landscape, with the absence of any specialty films in the top ten as wide releases continued to dominate. Distributors are noting that late April tends to be a challenging time for indie films, referring to it as a “dumping ground” due to the sheer
Despite the lack of wide releases on a global scale in recent months, Warner Bros/Legendary Entertainment’s Godzilla x Kong: The New Empire has maintained its position as the top studio movie for the fourth consecutive weekend. With a strong showing in international markets, the film has grossed $485.2M globally, with $313.6M coming from overseas. This
In a recent move, JPMorgan upgraded Lockheed Martin to Overweight with a $518 price target. The reasoning behind this upgrade stems from Lockheed Martin’s lackluster performance in comparison to the broader market. Despite remaining unchanged year-to-date and experiencing a 5% decline over the past year, JPMorgan sees potential catalysts for growth in the defense industry.
Artificial intelligence has revolutionized the investment landscape with the introduction of innovative technologies like ChatGPT in November 2022. This groundbreaking development has attracted significant interest from investors seeking the next big opportunities in AI. In 2023, a group of major tech players known as the Magnificent Seven – including Tesla, Amazon, Meta Platforms, Apple, Microsoft,
In a groundbreaking victory for the United Auto Workers (UAW), workers at Volkswagen’s plant in Tennessee have voted to join the union. The unofficial tally revealed that a majority of eligible workers have cast their ballots in favor of the union, marking a significant win as the UAW continues to expand its presence in the
Bitcoin halving is a process that occurs in the Bitcoin network every four years, reducing the rewards earned by miners. This event is designed to control the supply of new bitcoins entering the market, ultimately leading to a total of 21 million bitcoins in circulation. The most recent halving, which took place on Friday evening,
The recent overwhelming vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers (UAW) marks a significant milestone for the union. With 73% of the vote in support of the union, this successful organizing drive stands out as the first of its kind outside of Detroit’s Big Three automakers. The National Labor
Lululemon, the popular athletic apparel retailer, has made the decision to close its distribution center in Sumner, Washington, and lay off 128 employees. This move comes after the company opened a new massive warehouse outside of Los Angeles. The closure is part of Lululemon’s growth strategy, which includes evaluating its distribution network to meet the
Taiwan is at the forefront of the AI chip revolution and the global semiconductor industry, playing a crucial role in shaping the future of technology. The Taiwan Stock Exchange has seen significant gains, with the Taiex rising by 27.93% in the last 12 months, driven by the high demand for high-end chips and server supply
The decision to push back the release of Transformers One from September 13 to September 20 was a strategic move by the studio to avoid competition with Beetlejuice Beetlejuice, which is expected to dominate the box office in September. However, this new release date also puts Transformers One in direct competition with DreamWorks Animation/Universal’s Wild
Swiss engineering company ABB recently reported better than expected profit at the beginning of the year. Despite challenges faced by the global economy, ABB managed to exceed analyst forecasts in operational core profit, highlighting the company’s resilience and solid performance in the market. The impressive 11% increase in operational core profit to $1.42 billion for
Following the recent announcement of layoffs at Tesla, CEO Elon Musk sent out an internal email alerting employees that some severance packages were incorrectly calculated and distributed. This mistake, according to Musk, is being rectified immediately. The oversight in providing inadequate severance to laid-off workers raises questions about the efficiency and accuracy of the company’s
U.S. Treasury Secretary Janet Yellen reiterated the Biden administration’s commitment to providing Ukraine with the necessary budgetary and military assistance. She expressed disappointment in the delays from Republican lawmakers in approving the aid, deeming them “inexcusable.” Yellen’s strong words come after a meeting with Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko, where