American Eagle recently announced its quarterly results, falling short of Wall Street’s sales expectations for the second quarter in a row. However, the company managed to grow its profit by nearly 60%, attributed in part to lower product costs. Despite this growth, the company’s shares still dropped by more than 8% in early trading on
The tech and chip-related stocks in Asia took a hit on Thursday following the release of U.S. chip darling Nvidia’s second-quarter results. This decline was part of a broader trend in the region’s key markets, with losses most noticeable in companies directly connected to the U.S. tech giant. South Korean chipmakers SK Hynix and Samsung
Deputy Governor Andrew Abir recently stated that the Bank of Israel is facing challenges in lowering short-term interest rates due to rising price pressures and persisting geopolitical risk. The decision to hold the benchmark interest rate at 4.5% for the fifth consecutive time was influenced by concerns over inflation, which has risen to a rate
Elon Musk’s artificial intelligence startup, xAI, has come under fire for its environmental impact in Memphis, Tennessee. Environmental and health advocates have raised concerns about the company’s use of natural gas burning turbines at its new data center, which are said to be adding to the pollution problem in the area. This article will delve
Recent visits from U.S. government researchers to the Sangdong Mine in South Korea reveal efforts to boost the supply of tungsten, a critical metal essential for various industries. The mine, owned by Almonty Industries, has the potential to produce 50% of the world’s tungsten supply outside of China, which currently dominates over 80% of the
In the first half of 2024, the toy industry faced challenges due to inflation, leading to a sales slump. However, Lego managed to defy the odds by reporting a 13% increase in revenue, totaling 31 billion Danish krone or approximately $4.65 billion. Niels Christiansen, the CEO of Lego, attributed this growth to the company’s strong
Vale, the Brazilian mining company, recently announced Gustavo Pimenta as the new Chief Executive Officer (CEO) in an effort to quell market speculation surrounding potential candidates for the position, according to the company’s chairman. This decision was made to streamline the succession process ahead of schedule and to provide clarity to investors and stakeholders. As
As the stock market continues to rise, investors are looking for key indicators to guide their decisions. One stock that has been in the spotlight is Nvidia, which has seen a significant increase in value over the past year. With analysts largely recommending it as a buy or overweight, Nvidia’s performance after the bell will
Asian markets are expected to display caution on Wednesday due to two main reasons. Firstly, there is lingering concern over the health of the U.S. economy. Secondly, investors are also awaiting Nvidia’s earnings report later in the day. While U.S. and world stocks saw a slight increase on Tuesday, the dollar experienced a dip and
The Broadway box office numbers for the past week show a 10% decline, bringing the total grosses to $25,343,599. This downward trend can be attributed in part to the summer edition of Kids’ Night on Broadway, where 19 out of 24 shows offered free performances to children accompanied by paying adults. This promotion had an