PayPal has boosted its full-year profit forecast for the second time this year, indicating confidence in consumer spending and the effectiveness of its cost-cutting initiatives. The company’s stock price jumped 4% in pre-market trading following …
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Procter & Gamble Sales Miss Estimates Amid Slowing Consumer Demand
Procter & Gamble (P&G) reported disappointing fourth-quarter sales on Tuesday, falling short of Wall Street expectations. The decline was attributed to reduced consumer spending in the US and Europe, as price-conscious shoppers opt for cheaper …
Continue readingPfizer Raises 2023 Profit Forecast on Strong COVID-19 Sales
Pfizer, a leading pharmaceutical company, has announced an increase in its annual profit forecast for 2023. The positive outlook is attributed to strong sales of its COVID-19 vaccine and antiviral treatment. The company now expects …
Continue readingOil Prices Stabilize Amid Golan Heights Tensions
Oil prices remained relatively stable on Monday despite heightened tensions in the Middle East following a rocket attack in the Israeli-occupied Golan Heights. While the attack, attributed by Israel to Hezbollah, has raised fears of …
Continue readingGold Prices Surge Near $2,400 on Rate Cut Bets
Gold prices rallied in Asian trading on Monday, pushing towards the $2,400 mark as investors bet on potential interest rate cuts by the Federal Reserve. The precious metal has been gaining traction after encouraging inflation …
Continue readingHewlett Packard Enterprise to Acquire Juniper Networks: EU Antitrust Approval Expected
Hewlett Packard Enterprise (HPE) is expected to secure unconditional approval from the European Union (EU) for its $14 billion acquisition of networking gear maker Juniper Networks. The EU, which is set to decide on the …
Continue readingBiden Proposes Sweeping Changes to Supreme Court: Term Limits, Ethics Code, and Presidential Immunity
President Joe Biden has proposed a sweeping overhaul of the Supreme Court, including term limits and a binding code of conduct for justices, as well as an amendment to eliminate broad presidential immunity. These proposals …
Continue readingOccidental Petroleum Sells Delaware Basin Assets for $818 Million to Reduce Debt
Occidental Petroleum (OXY) has announced the sale of certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million. This move is part of Occidental’s strategy to reduce its debt, …
Continue readingTesco to Repurchase Shares Worth $515 Million in Second Tranche of Buyback Program
Tesco, Britain’s largest supermarket group, announced on Monday that it would continue its share buyback program with a second tranche of repurchases worth up to £400 million (approximately $515 million). The previous tranche, which bought …
Continue readingTrump’s Pro-Bitcoin Stance Sends US Crypto Stocks Soaring
US-listed cryptocurrency stocks experienced a significant surge on Monday, following Republican presidential candidate Donald Trump’s outspoken support for Bitcoin and his promise of a more favorable regulatory environment for the industry. Shares of Coinbase, a …
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