Apple’s latest product unveiling left investors feeling underwhelmed, as the stock initially fell but managed to rally later in the day. Despite hitting an all-time high in mid-July, Apple is still down almost 7% from those levels. However, over the last three months, Apple has been the second-best performing stock among the “Magnificent Seven,” trailing
Oracle’s shares surged by 9% in after-hours trading following the release of their fiscal first-quarter results, which surpassed Wall Street expectations. The company reported an adjusted earnings per share of $1.39, outperforming the expected $1.32, and recorded revenue of $13.31 billion, exceeding the projected $13.23 billion. Oracle experienced an 8% increase in revenue from $12.45
Big Lots, a popular discount home goods retailer, recently filed for bankruptcy due to a combination of high interest rates and a slow housing market that impacted the demand for its affordable furniture and decor offerings. This bankruptcy filing was accompanied by a decision to sell the business to private equity firm Nexus Capital Management
The IRS is currently in the process of developing strategies to avoid increased audits on taxpayers making less than $400,000. However, experts caution that specific details in your tax return can still trigger scrutiny regardless of income level. The Treasury Inspector General for Tax Administration recently reported that the IRS has only made “limited progress”
The property market in China continues to face challenges, as noted by Standard Chartered CEO Bill Winters. Winters highlighted the difficult investing environment in China, pointing out that consumer confidence and international investor confidence remain relatively low. The underlying source of confidence issues seems to be the property market, which has not yet fully bottomed
China recently released its consumer price index data for August, showing a 0.6% year-on-year increase. This figure fell short of expectations, with forecasts predicting a 0.7% rise. The report highlighted that costs of transportation, home goods, and rents experienced declines during this period. One notable aspect of the report was the 2.8% year-on-year increase in
The U.S. stock market started September on a shaky note, indicating signs of economic weakness. However, amidst the volatility, investors can seek guidance from top Wall Street analysts to discover potential stock picks. One such recommendation is Planet Fitness (PLNT), a franchisor and operator of over 2,600 fitness centers that recently reported better-than-expected results for
Renowned economist Joseph Stiglitz, a Nobel Prize winner, believes that the Federal Reserve should implement a half-point interest rate cut at the upcoming meeting. Stiglitz has openly criticized the central bank for its tightening monetary policy, stating that they have gone “too far, too fast,” further exacerbating the inflation problem. As investors eagerly await the