News
Alstom Reports Sales Increase in First Half
French trainmaker Alstom reports sales increase in first half driven by rolling stock, but cash flow affected by production ramp up. Order intake also drops.
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Crypto Traders in Short Supply, Affecting Coinbase's Q3 Report
Mizuho analysts revise down Coinbase's Q3 revenue estimates due to lower trading volumes. Regulatory crackdown and decline in retail interest pose challenges for Coinbase. Focus on diversifying revenue streams to mitigate impact.
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Ongoing Auto Maker Strikes Impact Industrial and Transportation Companies
Auto maker strikes and wage inflation concerns have caused a decline in shares of industrial and transportation companies. Ford and GM have also announced layoffs due to the strikes' effects.
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Home Prices Rise in New England
New England states experienced a significant surge in home values, while some Western states encountered a decline. CoreLogic anticipates 3.4% annual home-price growth by August 2024.
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European Stocks Decline
European stocks saw a decline, with Stoxx Europe 600 index dropping 1.10%. Top losers: EDP Renovaveis, Forvia SE, and ams-OSRAM AG. Top gainers: CD Projekt S.A., Orpea S.A., and Carlsberg A/S.
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McCormick Stock Drops as China Sales Suffer
McCormick's stock drops after Q3 revenue falls short due to slow sales in China. Total sales still increase, driven by a price hike. McCormick maintains sales outlook for the year.
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TNR Gold Rejects Takeover Bid from Lithium Royalty
TNR Gold rejects a takeover bid from Lithium Royalty, citing it as financially inadequate. Other parties have offered higher valuations for TNR's assets.
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Technical Strategist Anticipates Countertrend Rally in Stock Market
Tom DeMark, a technical strategist, anticipates a countertrend rally in the stock market based on analysis of major indexes and timing measurements. Categories: Finance, Investing. Tags: Stock Market, Rally, Technical Analysis. Keywords: Tom DeMark, countertrend rally, stock market, investing, analysis.
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Shell Plc Introduces Shell Renewable Diesel in Los Angeles
Shell Plc announces the availability of Shell Renewable Diesel in Los Angeles, a cleaner and more sustainable alternative to conventional diesel fuel.
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The Middle Holds Some Sway in Washington, D.C.
Learn how the middle ground in U.S. politics is still influential as lawmakers avoid a government shutdown and prioritize ongoing dialogue. Stability prevails in financial markets and a breath of fresh air emerges in American politics. The consequences for President Biden are also examined. Categories: Politics, Government, Compromise
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