Stocks soar, Dow closes 650 points higher buoyed by bullish inflation report: Live updates
A trader works on the floor of the New York Stock Exchange. Brendan Mcdermid | Reuters Stocks jumped Friday, and Wall Street capped off a turbulent week on a positive…
China’s industrial profits post faster gains in June despite faltering economy
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images China’s industrial profits grew at a faster clip…
Apple and Microsoft are among the ‘Magnificent Seven’ stocks set to report next week. Here’s what that means
Next week could give investors clarity on whether the “Magnificent Seven” stocks can still power the market higher, or if they should instead be wary of the pitfalls of a…
Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
NBA Commissioner Adam Silver addresses media at the Thomas & Mack Center on July 16, 2024, in Las Vegas. Mick Akers | Las Vegas Review-journal | Tribune News Service |…
Short seller Andrew Left of Citron charged with fraud by prosecutors, SEC
Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Federal prosecutors have criminally charged the activist short seller and analyst Andrew Left with securities fraud related to…
Unilever Earnings: Growth in a Challenging Market
Unilever’s (ULVR) first-half results showed underlying sales growth of 4.1%, ahead of company-compiled consensus of 4.4%. Growth was driven by volumes, which were up 2.6%, driven in turn by beauty’s…
AstraZeneca Earnings: Steady Outlook but Growth Could Slow
We are holding steady to our £124/$78 fair value estimates (local/ADR) for AstraZeneca (AZN) following second-quarter results that were largely in line with our expectations. However, the higher operating expenses…
NatWest Shares Up as Profits Beat Expectations
NatWest (NWG) on Friday heralded positive momentum across the business as it lifted its annual outlook and announced a deal to buy a mortgage portfolio from Metro Bank (MTRO). In…
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
Netflix (NFLX) released its second-quarter earnings report on July 18. Here’s Morningstar’s take on Netflix’s earnings and stock. • Fair Value Estimate: $500.00• Morningstar Rating: ★★• Morningstar Economic Moat Rating: Narrow•…
Going into Earnings, is Apple Stock a Buy, Sell, or Hold?
We continue to see iPhone revenue as the bellwether for Apple’s business, making up a majority of total revenue. iPhone sales have had headwinds from slowing global refresh cycles and…