Home Depot Inc. (HD), the US-based home improvement retail giant, revealed its Q1 2023 earnings results on Tuesday, which largely failed to meet expectations. The results highlighted a slowdown in home improvement spending compared to the surge seen during the pandemic. Following the announcement, Home Depot’s shares fell by over 4% in pre-market trading. The…
In a groundbreaking decision, the European Union (EU) has unanimously approved a comprehensive set of regulations to govern cryptoassets, marking a significant step in global financial market regulation. The EU’s move puts pressure on countries like the United States and the United Kingdom to develop their own regulatory frameworks for the rapidly expanding cryptocurrency industry….
Over the past few decades, the Republican Party and corporate America have enjoyed a comfortable and mutually beneficial relationship. Republicans have been steadfast champions of low taxes and light regulations, allowing businesses to largely govern themselves. In return, corporations have generously contributed to Republican campaign coffers. However, this once cozy relationship has started to fray,…
Global markets presented a complex and mixed outlook on Tuesday, as investors held their collective breath ahead of pivotal debt-ceiling talks in the United States. Concurrently, Japan’s Topix reached a milestone, closing at its highest since 1990, while European shares presented a more sobering picture, with Vodafone Group Plc and Telecom Italia SpA suffering losses…
Masayoshi Son, the founder and CEO of SoftBank Group Corp., finds himself personally responsible for approximately $5.2 billion in side deals he established at the company, following substantial losses reported by SoftBank’s Vision Fund venture capital arm. The Vision Fund unit recorded a loss of ¥297.5 billion ($2 billion) in the three months ending in…
Anheuser-Busch InBev (BUD) is grappling with the aftermath of a boycott targeting its products, notably Bud Light, leading to investor apprehension. The shares of the company have been on a downward spiral for five consecutive days, marking the longest losing streak since April 10, with a 6.8% decrease during this period. Should the stock continue…
On Thursday, Brazil’s government-operated petroleum corporation, Petrobras, made an announcement that its board members have consented to a dividend payout of nearly 24.7 billion reais, which equates to around $4.94 billion, to be disbursed later in the year. Interestingly, the company also hinted at possible future adjustments to its dividend distribution policy. The official statement,…
Keeping a vigilant eye on insider trading can often pave the way to profitable investment strategies. Esteemed investor, Peter Lynch, was famously quoted saying, “While insiders could sell their shares due to various reasons, they buy them for one sole purpose: they anticipate a rise in the stock price.” Company insiders, such as officers and…
In the midst of ongoing supply disruptions and considerations of inflation trends, oil prices have experienced their fourth increase in five sessions. West Texas Intermediate (WTI), a leading benchmark for U.S. oil prices, surpassed $73 per barrel, rebounding after a 1.6% decline on Wednesday following three consecutive gains. The fluctuating oil prices are influenced by…
The cryptocurrency market has been hit by a downturn, with leading currencies Bitcoin and Ether suffering losses on Thursday. Bitcoin hovered around the $27,500 level, having momentarily surpassed $28,000 on Wednesday, influenced by a slowing U.S. inflation rate. The decrease arrives amidst growing liquidity worries following the withdrawal of major market makers Jane Street Group…