News
Asian Stock Markets Decline as U.S. Inflation Rises
Asian stock markets decline on U.S. inflation rise. Traders hopeful for controlled inflation and no more interest rate hikes. Wall Street sees modest gains. U.S. inflation rate for July slightly higher than previous month.
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News Corp Reports Loss in Fiscal Fourth Quarter
News Corp reports a loss of $8 million in Q4, with adjusted per-share earnings surpassing expectations. Revenue declined by 9%.
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Walt Disney's ESPN Strikes Exclusive Deal with Penn Entertainment for ESPN Bet
Penn Entertainment secures exclusive rights to ESPN Bet in a deal with Disney's ESPN, sparking both optimism and concerns among analysts.
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Bob Iger's Challenge in Turning Around Walt Disney Co.
Bob Iger faces the challenging task of turning around Walt Disney Co. and revitalizing the streaming business. Analysts have mixed reviews on Disney's streaming developments and the potential disruptions ahead.
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OSB Group Reports Decrease in First-Half Profit
OSB Group reports a decline in pretax profit for the first half of the year due to an adverse interest-rate adjustment. The company maintains its loan-book growth target and projects net interest margin and cost-to-income ratio for the year.
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Tapestry Inc. Nearing Deal to Acquire Capri Holdings Ltd.
Tapestry Inc. is reportedly finalizing a deal to acquire Capri Holdings Ltd., signaling a major shift in the fashion industry. This acquisition has the potential to reshape the market and create new growth opportunities for both companies.
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Illumina Reports Narrowed Loss in Q2
Illumina, a gene-sequencing company, reports a narrower loss in Q2 due to higher sales of NovaSeq X. Revenue increased by 1%. Future revenue is expected to decline.
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China's Troubled Real Estate Market: A Worsening Situation
China's real estate market is currently grappling with deep-rooted challenges that go beyond initial expectations, impacting the overall economy.
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Penn Entertainment Inc. Reports Strong Q2 Earnings Amid ESPN Deal
Penn Entertainment Inc. surpasses profit and revenue expectations in Q2 report, with impressive growth in food, beverage, and hotel sectors. Stock surges after ESPN deal announcement.
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Sony Group Reports 17% Drop in Net Profit for Q1
Sony Group reported a 17% decline in net profit for Q1, but experienced a 33% increase in revenue. The music business saw a 20% growth in operating profit, while the imaging and sensing business faced challenges. The game business had a decline in operating profit.
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