The U.S. stock index futures experienced a rise in evening trading following weaker-than-expected labor data. Investors seemed to view this as a positive sign, potentially indicating a September rate cut by the Federal Reserve. The sentiment was also bolstered by strong earnings reports, particularly from Apple Inc, which reported better-than-expected revenue and profit declines. Market
Australian bank Westpac recently announced that it would be raising its share repurchase program by A$1 billion ($661 million) and declaring a special dividend. This decision was made despite a 16% drop in the bank’s first-half profit due to tight competition and high costs in the banking sector. The net interest margin of the bank
A24’s latest film, I Saw The TV Glow, made a splash with one of the best limited openings of the year. This ’90s era trans coming-of-age horror-thriller, directed by Jane Schoenbrun, grossed $116.3k at four theaters in New York and LA, boasting an impressive per screen average of $29k. The film, which premiered at Sundance,
The European Union has recently taken steps to investigate various aspects of China’s trade practices, particularly in the areas of medical devices, wind turbines, solar panels, and electric vehicles. These investigations are aimed at protecting European manufacturers from unfair competition and market distortion. Let’s delve into the details of each investigation and what they entail.
Investors looking for stable dividend-paying stocks in the energy sector should consider Chord Energy (CHRD). This oil and gas operator in the Williston Basin has declared a base-plus-variable cash dividend of $3.25 per share. Analysts at Siebert Williams Shank have initiated coverage of CHRD with a buy rating and a price target of $262, citing
The recent 10-day auto show in Beijing highlighted the intense competition in China’s car market. With a staggering number of visitors and new car launches, it’s clear that the market is oversaturated with around 170 brands operating compared to 80 in Europe. This oversaturation is leading to irrational competition, particularly as the industry transitions from
Warren Buffet’s annual meeting at Berkshire Hathaway in 2023 was marked by a strong emphasis on the succession plan for the company’s leadership. Buffet, at 93 years old, recognized the expanded roles of key executives like Vice Chairman Greg Abel and Vice Chairman Ajit Jain, who are designated to eventually succeed him. This highlights Buffet’s
Warren Buffett, the legendary investor, recently mentioned that Berkshire Hathaway is exploring the possibility of making an investment in Canada. During a gathering of investors in Omaha, Nebraska, Buffett expressed his confidence in investing in the country, stating that they are currently evaluating potential opportunities. This comes as no surprise, considering Buffett’s previous investments in
Warren Buffett, the renowned investor, is expressing caution when it comes to embracing artificial intelligence technology. He raised concerns about the potential harm that AI could bring, particularly in the realm of scamming. Buffett highlighted the alarming ability of AI to create realistic and deceptive content that could be used by bad actors to deceive
The European equity strategists at HSBC Global Research have recently expressed a rather grim outlook on the state of the UK stock market, dubbing it as ‘unloved, unsuitable, and undervalued’. This sentiment is driven by a myriad of factors that have contributed to the unattractiveness of UK equities in recent times. According to HSBC, the