The currency markets were in a state of uncertainty on Tuesday as investors awaited the release of U.S. economic data that could influence the likelihood of significant interest rate cuts. The dollar, which had briefly touched a one-week high against the yen, was hovering at 147.17 yen. On the other hand, the euro was trading
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In recent news, Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy protection. This move comes amidst a wave of fitness chains seeking bankruptcy post-pandemic, including well-known companies like New York Sports Club, 24 Hour Fitness, and Gold’s Gym. With over 100 centers spread across
The week began with a sense of calm in Asian markets as Japan observed a holiday. This absence of trading from Japan removed a source of recent volatility, allowing investors to take a breath and reassess the landscape. With all eyes on major economic data releases from the U.S. and China, market participants were preparing
The U.S. stock index futures were rangebound in evening deals on Sunday, showing some stability after experiencing wild swings last week. The focus is currently shifting towards key inflation data that is set to be released this week. Last week saw steep losses initially, but the week ended with the market mostly flat due to
Over the weekend, the female-driven film “It Ends With Us” made a significant impact at the global box office, earning a whopping $80 million in its opening. This accomplishment is particularly impressive considering the modest budget of the film. As of now, the international portion of the box office stands at $30 million, with several
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
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
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,
Delta Air Lines recently announced that the CrowdStrike outage and subsequent mass flight cancellations in the past month resulted in a staggering cost of approximately $550 million. The financial implications of this included a $380 million reduction in revenue for the current quarter. This loss was primarily due to refunding customers for canceled flights and
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
Apple is considering charging its users up to $20 for access to advanced artificial intelligence features. The company plans to introduce its Apple Intelligence system later this year, with enhanced Siri voice assistant capabilities and the ability to automatically generate emails and images. Although these features will be gradually rolled out, users in certain regions,
Financial markets are notorious for their unpredictability, and the recent burst of volatility that caught many off guard is a stark reminder of this fact. Trades that thrive in a low volatility environment can quickly unravel when volatility spikes, leading to substantial losses. The allure of high profits in these trades often blinds traders to
The narrative surrounding Disney’s media business has taken a surprising turn in recent times. While previously the focus was on how streaming losses and other factors were dragging down the company, the second-quarter results have shown a different story. Disney’s combined streaming services – Disney+, Hulu, and ESPN+ – have turned a profit for the
Super Micro Computer, once a highflier in the AI industry, experienced a significant setback as its shares tumbled by 14% in premarket trading due to a faster-than-expected contraction in gross margin. The company reported an adjusted gross margin of 11.3% for the fourth quarter, down from 17% a year earlier, which fell below analysts’ expectations