For the first time in three years, the global sales of McDonald's have declined. In addition, the company has missed its quarterly earnings expectations.
United Parcel Service recently lowered its 2024 margins due to an inflow of new customers that have flooded the shipping firm with low profit shipments.
Survey results from the Euro Zone have revealed that in July business activity has stalled, as a minor expansion in services was offset by a decline in manufacturing.
The US automaker Ford Motors has experienced a major stock price decline due to issues with quality-related costs and competition in the electric vehicle market.
The electric vehicle maker is set to face a trial due to allegations that the firm encouraged Tesla employees to steal trade secrets, as they moved to start work at Rivian.
Soft drink maker Coca-Cola has increased its 2024 profit expectations, as global demand for sodas and juices remains strong despite increased prices.
Market research firm NIQ has revealed that sales at UK supermarkets have increased by 3.6% during June and July, as good weather and the football championship have increased grocery sales.
The US hospital operator has announced that high demand for medical care has increased its profits, due to which HCA Healthcare is raising its 2024 earnings expectations.
Due to being able to increase prices, the Kleenex tissue producer Kimberley-Clark has increased its 2024 profit forecasts. Moreover, the firm has beaten market analyst expectations for quarterly earnings.
The stock price of the luxury brand owner LVMH have experienced a decline due to the firm missing market analyst sales growth expectations.
In June, United States existing home sales declined more than expected. However, the median house price has reached a new record high level.
Final disclosure framework standard for banks on cryptocurrency exposure has been published by Bank of International Settlements. Standard should be fully implemented by end 2025 according to the Basel Committee.
According to FINRA, Global Debit Balances in Customers' Securities Margin Accounts reach over $800 Billion Dollars in the month of June. Second consecutive month when balance reach over 800 billion in 28-month period.
The US Bureau of Economic Analysis has published the Core Personal Consumption Expenditures Index. This index reveals inflation at the consumer level. Prices have increased by 0.2%, as expected by market analysts.
Weekly market volatility has shown interest in defensive stock sectors, while sectors such IT and Consumer discretionary have impacted the most by this week's market volatility. Portfolio rotation may be on the way.
Investment flow into commodities have risen by 14.7% month-on-month. For the fourth straight month combined money managers exposure on Gold, Natural Gas, Copper, Crude oil has risen.
Federal reserve continues to reduce its balance sheet, as of July 10th, FED's balance sheet was reduced by $6 billion, Y-o-Y Fed has decreased its balance sheet by 12.8%.
The major German lender has announced an end to its streak of profits, as the bank has announced its first quarterly loss in four years. The decline in profits has been attributed to an investor lawsuit.
The former executive of Disney Isaac Perlmutter has sold his Disney shares, as reported by the Wall Street Journal.
Stock price of Visa has experienced a decline due to the firm reporting that its quarterly revenues were below analyst expectations. The firm is known for rarely missing market expectations for quarterly revenues.
Market consensus forecast was that the quarterly US Advance GDP will show 2.0% growth. Actual released number is a stunning 2.8%.
The liquor and spirit producer Remy Cointreau has reported that it has experienced a decline in sales due to issues in the United States.
Financial Times have reported that the UK consumer goods firm Reckitt has been pressured by shareholders to sell Mead Johnson Nutrition unit.
The banking group BNP Paribas has affirmed that it would reach its 2024 targets, as a decline in retail services has been offset by increase in equity market trading.