CNH Industrial, a leading manufacturer of farm and construction equipment, has lowered its full-year profit forecast for the second time, citing slowing demand for its tractors and combines. The company now expects adjusted profit to …
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PayPal Raises Profit Forecast Again, Fueled by Resilient Spending and Cost Cuts
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 …
Continue readingProcter & 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 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 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 …
Continue readingVolkswagen and Rivian Joint Venture Approved by German Antitrust Authority
Germany’s antitrust authority, the Bundeskartellamt, has approved the proposed joint venture between Volkswagen and Rivian Automotive. The approval came after the agency determined that there were no serious competition concerns associated with the merger. Andreas …
Continue readingSantorini’s Beauty Under Threat: Locals Demand Tourist Cap Amidst Overcrowding
Santorini, a Greek island renowned for its white-washed houses, blue-domed churches, and breathtaking sunsets, is facing a growing problem: overtourism. While tourists flock to the island, attracted by its beauty and charm, local residents are …
Continue readingUS Justice Department Pushes for TikTok Ban, Citing National Security Risks
The US Department of Justice (DOJ) has filed a brief with a federal appeals court, urging them to uphold a law that could ban TikTok in the US. The law, passed in April, requires Chinese-owned …
Continue readingAmazon Faces Second Tax Evasion Probe in Milan
Amazon is facing a second tax evasion investigation in Milan, Italy. Italian prosecutors are investigating the company’s Italian unit for suspected tax evasion, separate from a recent seizure of 121 million euros from another unit. …
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