The U.K. has been facing criticism for its lackluster growth and poor rates of GDP per head when it comes to commercializing technology businesses globally. According to Warren East, former CEO of British chip design firm Arm, there needs to be a mindset shift from the investor community in order for the U.K. to succeed
Apple recently unveiled its newest lineup of iPhones, Apple Watches, and AirPods at a highly anticipated event. Surprisingly, the investors didn’t seem too impressed initially as the stock fell at the beginning of the event. However, it managed to stage a late-day rally and closed in the green. Despite hitting an all-time high in mid-July,
Oracle, the renowned database software vendor, exceeded Wall Street expectations in its fiscal first-quarter report. The company’s shares surged by 9% in after-hours trading following the release of the results. With an adjusted earnings per share of $1.39 compared to the expected $1.32, and revenue of $13.31 billion exceeding the projected $13.23 billion, Oracle’s performance
Discount home goods retailer Big Lots has recently filed for bankruptcy due to a combination of high interest rates and a sluggish housing market. This has resulted in a decrease in demand for its low-priced furniture and decor. The company, known for offering bargain-basement pricing on all things home, has seen its revenue drop significantly
Tax season can be a stressful time for many Americans, especially when it comes to the possibility of being audited by the IRS. While the IRS is still finalizing plans to avoid increased audits on taxpayers making less than $400,000, there are certain factors in your tax return that could still trigger scrutiny from the
The ongoing turmoil in China’s property market has raised red flags for Standard Chartered CEO Bill Winters. In an interview with CNBC’s JP Ong, Winters expressed his concerns regarding the challenges in the investing environment in China. He highlighted that consumer confidence and international investor confidence were both relatively low, pointing to the property market
China reported that its consumer price index rose by 0.6% year on year in August, which fell short of expectations. The costs of transportation, home goods, and rents decreased, contributing to this lower-than-expected growth. Food prices, however, saw a significant increase of 2.8% year on year in August, marking the first positive trend since June
September has not been the best month for the U.S. stock market, with some signs of economic weakness apparent. However, amidst this volatility, top Wall Street analysts have recommended certain stocks for investors to consider. One such stock is Planet Fitness (PLNT), a franchisor and operator of over 2,600 fitness centers. The company recently reported
As the Federal Reserve prepares for its upcoming meeting, there is a growing debate over the need for an interest rate cut in order to address inflation concerns. Nobel Prize-winning economist Joseph Stiglitz is among those advocating for a significant reduction in interest rates, arguing that the Fed has been too aggressive in its monetary
Broadcom recently released its fiscal third-quarter results, surpassing both revenue and earnings expectations set by Wall Street analysts. Despite the positive news, Broadcom shares dropped by 7% in extended trading due to guidance that fell in line with expectations. Earnings per share came in at $1.24 adjusted, higher than the expected $1.20. Meanwhile, revenue stood