Profit

Geely, a Chinese automaker listed on the Hong Kong stock exchange, has recently caught the attention of Morgan Stanley analysts who resumed coverage of the company with an overweight rating. Despite facing challenges in a competitive market environment, Geely has shown resilience and is expected to weather macro and industry uncertainties. One of the key
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The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft highlights a growing concern within the news industry regarding copyright infringement. This lawsuit follows similar legal action taken by other publications, including The New York Times, Chicago Tribune, and the New York Daily News. The CIR accuses OpenAI of using
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The stock of Walgreens Boots Alliance took a hit, dropping more than 24.5% after the company reported third-quarter earnings that fell short of Wall Street's expectations. This news resulted in a cut to the company's full-year adjusted profit outlook, leading to a decision to close underperforming stores to save costs. This downturn also impacted CVS,
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General Mills, Inc. reported a mixed bag in its fourth-quarter earnings, surpassing Wall Street's earnings per share (EPS) expectations by a cent but falling short on revenue targets. The food giant posted adjusted EPS of $1.01, slightly higher than the analyst consensus of $1.00. However, revenue for the quarter was reported at $4.71 billion, missing
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Southwest Airlines recently announced a sharp decline in its second-quarter revenue forecast, causing its shares to plummet by approximately 4% in premarket trading. The airline attributed this downward revision to shifting booking patterns, projecting a decrease in revenue per available seat mile between 4% and 4.5% compared to the previous year. Additionally, Southwest revised its
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In the uncertain economic climate, it is crucial for investors to identify stocks with strong fundamentals and long-term growth potential. One such stock is Delta Air Lines (DAL), America's second-largest carrier. With a network that reaches over 290 destinations across six continents, Delta has positioned itself as a key player in the airline industry. Analyst
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China has invested a staggering $230.8 billion over the span of more than a decade to nurture its electric car industry, according to analysis unveiled by the Center for Strategic and International Studies. This monumental financial backing represents 18.8% of total electric car sales between 2009 and 2023. However, despite the massive injection of funds,
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Taking on the role of chief executive of a major oil giant like Petrobras comes with its own set of challenges. Magda Chambriard, the current CEO, faces the daunting task of balancing the economic priorities of Brazil with the profitability of the company. This delicate equilibrium requires strategic decision-making and effective leadership. Chambriard, appointed after
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Fitch Ratings agency has adjusted its forecast for a rate cut in China, pushing back its expectations to next year instead of this year. The decision comes as a result of high interest rates set by the U.S. Federal Reserve, which has influenced China's monetary policy. Concerns over the exchange rate against the U.S. dollar
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Toyota Motor Chairman Akio Toyoda faces potential reelection challenges at the upcoming annual general meeting due to scandals involving violations of certification tests at Toyota and its group companies. Proxy advisory firms have recommended against his reelection, citing concerns over governance and board independence. Despite the declining approval rating of Toyoda from 96% in 2022
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