Stock market

Disney projects $10 billion theme park profits despite challenges

Disney 's theme parks, which have been in operation for 68 years, are projected to generate $10 billion in profits this year, a noteworthy increase from $2.2 billion a decade ago. This financial succe

Carnival Corp. stock sees uptick following Truist analyst's upgrade

Carnival (NYSE:CCL) Corp. experienced a significant rise in its stock value on Tuesday, following an upgrade by Truist analyst Patrick Scholes. The analyst shifted his rating from 'sell' to 'hold', ci

Asana's share price volatility presents potential opportunities for investors

Asana, Inc. (NYSE:ASAN), a mid-cap company on the New York Stock Exchange, has been garnering attention due to its substantial price fluctuations in recent months. The company's shares are currently t

Inflation accelerates in Canada as gasoline and housing costs rise

Canadian households are dealing with a surge in inflation, the fastest in four months, as gasoline and housing costs continue to rise. The consumer-price index (CPI), a key measure of inflation, climb

Accenture invests in AI content creation platform Writer

Accenture (NYSE:ACN) announced on Tuesday that it has made a strategic investment in Writer, an enterprise-ready platform using generative AI to assist businesses in content creation. The investment w

Starbucks shares dip amid concerns over China operations

Starbucks Corporation (NASDAQ:SBUX)'s shares took a hit on Tuesday, underperforming the S&P 500's 0.6% decline with a drop of 2.4%. The downturn comes in the wake of a rating downgrade by TD Cowen, dr

Oil rally reshapes global market dynamics as central banks brace for inflation

The relentless surge in oil prices, with Brent crude topping $95 a barrel for the first time since November, is reshaping bets across global markets and setting the stage for a hawkish tone from major

U.S. stocks are lower as investors await outcome of Fed's meeting

CTP secures €200m EIB loan for solar expansion across European business parks

Czechia-based building manager CTP secured a €200 million ($214 million) loan from the European Investment Bank (EIB) on Tuesday, to bolster its deployment of solar modules across its portfolio of b

Veritiv's stock value surges amid high return on equity

Veritiv Corporation (NYSE:VRTV) has witnessed a substantial rise in its stock market value, with a 35% increase recorded over the past quarter. This noteworthy surge in the company's market performanc

Federal Reserve's policy decision impacts bond yields, amid inflation concerns

On Tuesday, the market displayed a calm demeanor ahead of the Federal Reserve's policy decision, with bond yields experiencing a slight increase. Traders anticipate the Federal Reserve's Wednesday pol

Competing financial responsibilities hinder U.S. employees' retirement savings: Goldman Sachs

A recent survey by Goldman Sachs (NYSE:GS) Asset Management reveals that US employees' retirement savings are significantly impacted by a 'financial vortex' of competing financial responsibilities, in

Amphenol's consistent performance attracts conservative investors

In a high-risk investment environment, many investors are turning towards profitable companies like Amphenol (NYSE: NYSE:APH) for their consistent performance. The company has demonstrated impressive

PowerSchool Holdings valuation suggests potential undervaluation by 26%

In a recent analysis of PowerSchool Holdings, Inc. (NYSE:PWSC), the Discounted Cash Flow (DCF) model was applied to assess the company's investment appeal. This valuation method, which projects a firm

Morgan Stanley pioneers AI assistant usage in major banks

In an industry-first move, Morgan Stanley (NYSE:MS) has unveiled an artificial intelligence (AI) assistant developed with OpenAI technology, according to a Tuesday announcement. The AI tool, dubbed 'A

KLA's robust financial outlook underscored by consistent high ROCE

KLA, a leading entity in the semiconductor industry, has been illustrating an optimistic financial trajectory, as reflected in its Return on Capital Employed (ROCE) trends. The metric, commonly used t

Fed expected to maintain highest interest rates in 22 years, potential rate cuts on horizon

The Federal Reserve is expected to uphold its current policy rate at its highest point in 22 years, following a two-day policy meeting set to conclude on Wednesday, September 20, 2023. This move will

Bank7 Corp. announces dividend increase, aligning with industry averages

Bank7 Corp. (NASDAQ:BSVN) revealed on Tuesday an increase in its dividend from the previous year's comparable payment, set to be distributed on October 10th. The new dividend amount will be $0.21, ali

Postbank completes payment to all SASSA beneficiaries, following system glitch

Following two weeks of disruption that left thousands of South African Social Security Agency (SASSA) beneficiaries without their monthly grants, Postbank announced on Tuesday that all outstanding pay

Summit Materials' stock drops 11% despite robust financial performance

Summit Materials (NYSE:SUM), a company listed on the New York Stock Exchange, has experienced an 11% decrease in its stock price over the past month. Despite this downturn, the firm's financial perfor