One of the top recommendations for dividend stocks in the current economic climate is health-care giant Pfizer. With the company’s recent announcement of better-than-expected second-quarter results, driven by cost-cutting initiatives and strong sales of non-Covid products, Pfizer has shown resilience in the face of economic challenges. Pfizer raised its full-year guidance, reflecting strong demand for
potential
India’s markets regulator issued a statement urging investors to stay calm and exercise caution in response to reports from US-based shortseller Hindenburg Research. The report in question alleged that the head of Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, had previous investments in offshore funds also utilized by the Adani Group. Despite
In recent times, restaurant CEOs have been fixated on the concept of “value” when explaining to investors the reasons behind their declining sales and outlining strategies to drive foot traffic in the future. This emphasis on value was particularly highlighted during McDonald’s quarterly conference call last month, where the word was mentioned nearly 80 times.
The topic of eliminating taxes on tips for service workers has been making headlines recently, with both Vice President Kamala Harris and former President Donald Trump expressing their support for this policy change. This move is seen as a way to appeal to service workers, a crucial voting bloc in states like Nevada. However, the
The recent passing of former YouTube CEO, Susan Wojcicki, has left a profound impact on the tech community. Wojcicki, who played a pivotal role in the growth and success of Google and YouTube, was known for her incredible leadership and innovative vision. Her journey in the tech industry served as an inspiration to many, especially
Federal Reserve Governor Michelle Bowman recently changed her typically hawkish tone in regards to inflation. Despite acknowledging some positive progress in inflation in recent months, Bowman emphasized that inflation continues to remain “uncomfortably above” the central bank’s goal of 2%. She highlighted the need for patience and caution in responding to economic data, stating that
In a recent development, Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have reportedly agreed to establish a $3 billion joint venture aimed at constructing a car manufacturing plant in India. The proposed venture is set to be primarily owned by Mahindra and is planned to be located in the state of Gujarat,
In the digital age, data centers have become essential infrastructure, requiring massive amounts of power to run efficiently. Tech companies are now seeking clean energy sources to power these data centers, with some turning to directly connecting them to nuclear plants. This move comes as the demand for power is increasing, driven by factors such
Disney has once again solidified its position as a powerhouse in the entertainment industry, with the success of films like “Inside Out 2” and “Deadpool & Wolverine.” This comes after the company faced challenges and setbacks, including losing its status as the highest-grossing studio in 2023. However, with the recent box office hits, Disney has
The S&P 500 ended higher on Friday, showing resilience in the face of recent volatility and uncertainty in the markets. Despite regaining most of its losses from earlier in the week, the index closed the week with little change. This comes after a steep dive on Monday, driven by fears of a recession and the
The recent security threat at the Ernst Happel Stadium in Vienna, Austria, has led to the cancellation of three highly anticipated Taylor Swift concerts. The cancellation has not only disappointed the 195,000 fans expected to attend but has also left insurers facing millions of dollars in claims. Barracuda Music, the concert organizer, announced that all
In the premarket trading, the stock of Taiwan Semiconductor rose about 1% due to the reported strong July revenue, which represented an increase of nearly 45% year-over-year. This indicates positive performance and growth for the company. The Trade Desk Shares of The Trade Desk gained nearly 4% after beating analyst second-quarter estimates and raising its
The weekend box office is poised to be a truly special one, with an unexpected contender making waves in the industry. Colleen Hoover’s novel adaptation, “It Ends With Us,” has taken the box office by storm, and industry insiders are buzzing with excitement. The Blake Lively-starring film has already garnered an impressive $7M in previews,
E.l.f. Beauty’s recent quarterly performance has been impressive, with a 50% gain in sales in its fiscal first quarter. This comes after a remarkable 76% jump in the year-ago period. However, the company’s post-earnings conference call hinted at potential challenges ahead, as they anticipate higher container and transportation costs in FY25. Despite a 3.4% rise