The drug maker Eli Lilly saw an 8% surge in its stock after reporting second-quarter earnings that exceeded expectations. This surge was attributed to the outstanding performance of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound. The company also raised its full-year revenue outlook by $3 billion, indicating strong growth potential in the
Travel companies are bracing for a slowdown in leisure travel as U.S. consumers are becoming more cautious in booking vacations due to the prevailing economic uncertainty. This trend is in stark contrast to the past few years when robust demand fueled the industry’s growth. Hilton Worldwide CEO Christopher Nassetta highlighted the challenges faced by the
Apple’s plan to charge its users up to $20 for advanced artificial intelligence features has sparked discussions among analysts. The Cupertino giant aims to enhance the growth of its services business by introducing Apple Intelligence, its upcoming AI system, on some of its devices this year. The move is seen as a strategic approach to
The European policymakers have been advocating for larger banks across the continent for quite some time now. Italy appears to be on the brink of fulfilling this desire with an impending wave of mergers and acquisitions in its banking sector. Despite facing a sovereign debt crisis and requiring a government bailout to rescue Banca Monte
The Reserve Bank of India (RBI) recently announced its decision to keep its key interest rate unchanged at 6.50%, marking the ninth consecutive policy meeting where rates have remained stable. This decision comes amidst global market volatility and the anticipation of rate cuts by other major central banks. The Monetary Policy Committee (MPC), which consists
The state of office demand in the U.S., particularly with a focus on New York City, is a pivotal factor in the performance of real estate stocks. SL Green has seen a significant increase of 12% in the past month and a notable 20% growth in the past three months. However, the stock has experienced
In recent years, Disney’s media business has faced scrutiny due to losses in streaming combined with a decline in traditional pay TV. However, the tables seem to have turned with the company’s second-quarter results indicating a positive shift. The combined streaming services of Disney — Disney+, Hulu, and ESPN+ — made a quarterly profit of
The highly anticipated film Deadpool & Wolverine has been dominating the global box office, nearing the impressive $900 million mark in its third week of worldwide release. Director Shawn Levy’s blockbuster has already raked in a total of $879.2 million, with $421 million coming from the domestic box office and $458.2 million from international markets.
Super Micro Computer, once considered a highflier in the AI industry, faced a significant setback with a 14% drop in its shares during premarket trading. This decline came as a result of a faster-than-expected contraction in the company’s gross margin. The adjusted gross margin for the fourth quarter plummeted to 11.3% from 17% a year
Financial markets are often characterized by tumultuous swings in prices that catch many traders off guard. The recent burst of volatility in these markets has once again highlighted the inherent risks associated with trading in an environment of low volatility. Trades that are predicated on low volatility can be highly profitable but are also susceptible