Category: Economy
Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers
Netflix reported its second-quarter earnings on Thursday, demonstrating its dominance in the streaming industry with a significant increase in global subscribers and significant growth in…
Small-Cap Stocks Rise: Diversification Strategy or Sustainable Trend?
The recent rally in small-cap stocks has sparked debate among market experts. While some see it as a simple diversification move by investors looking to…
Powell Suggests Fed Will Cut Rates Before Inflation Hits 2%
Federal Reserve Chairman Jerome Powell announced Monday that the central bank does not plan to wait for inflation to hit 2% before cutting interest rates….
Elliott Management Takes Major Stake in Starbucks, Engages with Management
Elliott Management recently acquired a significant stake in Starbucks and is working with the company’s management to improve its stock, according to a report published…
Delta Faces Major Disruption From Microsoft Outage
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world…
IMF questions path of rapid rate cuts in persistent inflation environment
The International Monetary Fund (IMF) has tempered expectations for rapid interest rate cuts, warning of increased inflation risks that could extend the Federal Reserve’s tightening…
Pre-market moves: CrowdStrike, American Express, SLB, Travelers and more
This morning, several stocks are showing considerable movement in pre-market trading. These early changes can set the tone for the rest of the trading day,…
Trump Signals Support for Powell to Continue as Fed Chairman if Elected in November
In an interview with Bloomberg Businessweek, Republican presidential candidate and former U.S. President Donald Trump said he would allow Federal Reserve Chairman Jerome Powell to…
Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More
Several stocks have seen significant mid-day changes in the market today. Among them are CrowdStrike, Plug Power, and Comerica. Here’s a closer look at the…
United Airlines Posts Strong Q2, But Gloomy Outlook Clouds Horizon
Chicago – United Airlines reported a solid second quarter, driven by rising demand for international travel. However, the carrier’s less-than-stellar third-quarter outlook cast a shadow…