Worldline, a French payment technology firm, saw its shares tumble to an all-time low on Thursday after the company cut its 2024 outlook. This move came as a result of weakening consumer spending across Europe …
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Meta’s Strong Ad Revenue Fuels AI Investments, Stock Soars 7%
Meta Platforms Inc. (META.O) shares soared 7% on Thursday after the tech giant beat quarterly revenue estimates and forecast upbeat third-quarter sales. Strong digital ad spending on its social media platforms, coupled with AI investments, …
Continue readingNissan and Honda Join Forces to Develop Software Platform for EVs
Nissan and Honda, Japan’s second and third largest automakers, have announced a strategic partnership to develop a next-generation software platform for electric vehicles (EVs). The collaboration aims to enhance their competitiveness in the rapidly growing …
Continue readingT-Mobile Exceeds Subscriber Expectations, Raises Full-Year Forecast
T-Mobile US has announced an impressive second quarter, exceeding subscriber expectations and raising its full-year forecast. The company attributed its success to the strong demand for its discounted unlimited plans that include streaming perks. These …
Continue readingGarmin Beats Revenue Estimates, But Shares Fall on Outdoor Segment Weakness
Garmin announced strong second-quarter earnings, exceeding revenue estimates and raising its full-year forecast. This positive performance was fueled by robust growth in the fitness and auto segments. Demand for wearables, particularly advanced cycling computers like …
Continue readingBrazil’s Jobless Rate Hits Decade Low, Reaching 6.9% in June Q2 2024
Brazil’s unemployment rate has reached its lowest level in a decade, dropping to 6.9% in the second quarter of June 2024. This marks a significant decline from the 7.9% recorded in the first quarter, driven …
Continue readingUkraine Suspends Foreign Debt Payments, Approaching Sovereign Default
Ukraine has taken a significant step towards a sovereign default by suspending foreign debt payments until October 1st. President Volodymyr Zelenskiy signed a law enabling this move, following a preliminary deal with its main bondholders …
Continue readingSuntory CEO Calls for Gradual Interest Rate Hikes in Japan
Suntory CEO Takeshi Niinami has urged the Bank of Japan (BOJ) to continue its gradual interest rate hikes, aiming for a 1% rate by next year. Niinami, who also heads one of Japan’s largest business …
Continue readingKraft Heinz Cuts Sales Forecast Amid Softening Demand
Kraft Heinz, the maker of Heinz ketchup and other popular food brands, has slashed its full-year organic sales forecast. This comes as the company faces softening consumer demand following price increases implemented to combat inflation. …
Continue readingHSBC Boosts Share Buybacks, Upgrades Outlook Amid Rate Cut Fears
HSBC Holdings, Europe’s largest bank, announced a $3 billion share buyback and upgraded its income outlook on Wednesday, a move that defied concerns about potential global interest rate cuts. The news was welcomed by investors, …
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