Here are the most important news items that investors need to start their trading day: 1. Climbing Stocks continued their gains on Monday ahead of a Federal Reserve meeting and the release of major corporate earnings. The S&P 500 climbed 0.32% while the Nasdaq Composite and Dow Jones Industrial Average rose 0.35% and 0.38%, respectively. … Read more
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty Images Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain’s parent company said Tuesday. Owner Restaurant … Read more
A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023. Denis Lovrovic | AFP | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. The beverage giant also raised its full-year outlook for organic revenue. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported … Read more
Eli Lilly logo is shown on one of the company’s offices in San Diego, California, U.S., September 17, 2020. Mike Blake | Reuters Eli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street’s expectations and hiked its full-year guidance on strong sales of its blockbuster diabetes drug Mounjaro and newly launched weight loss … Read more
The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief … Read more
Christian Meunier, chief executive officer of the Jeep brand at Stellantis NV, during the 2023 New York International Auto Show (NYIAS) in New York, US, on Wednesday, April 5, 2023. Bloomberg | Bloomberg | Getty Images Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign … Read more
A man polishes a Volkswagen ID GTI Concept car on display at the International Motor Show (IAA) in Munich, southern Germany, on Sept. 5, 2023. Christof Stache | Afp | Getty Images German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands … Read more
McDonald’s french fries Picture Alliance | Picture Alliance | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: $2.72 expected Revenue: $6.16 billion expected The fast-food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee … Read more
Mumbai: The price-earnings ratio (PE), a popular indicator of stock or index valuations, for the benchmark Nifty has dropped 33% in the past three years even as the index surged 52% in this period. Analysts said the decline in valuations is on account of strong growth in earnings. The Nifty’s PE ratio, based on trailing … Read more
Mumbai: Shares of BSE plunged over 13% on Monday, as the Securities and Exchange Board of India’s increase in regulatory fee for the bourse soured investor sentiment. Analysts said the move is expected to impact BSE’s earnings and any attempts to protect profitability could erode its competitive advantage over bigger rival NSE,but share declines from … Read more
