The Mystery of August’s Stock Market Performance
July 29, 2023
Indonesia’s Central Bank Maintains Policy Stance to Control Inflation
During its August policy meeting, Bank Indonesia decided to keep its benchmark seven-day reverse repo rate at 5.75%, in line with expectations. The overnight deposit facility rate was also maintained...
Read moreLiontrust Asset Management’s Offer for GAM Holding Deemed Unsuccessful
Liontrust Asset Management is expected to announce next Tuesday that its offer to acquire Zurich-listed investment manager GAM Holding has been unsuccessful. Preliminary figures indicate that Liontrust has not reached...
Read moreTrinseo Restructuring Plan for Sheet Network Optimization
Trinseo, a leading manufacturer and seller of plastics and latex binders, has recently approved a restructuring plan aimed at optimizing its sheet network for polymethyl methacrylate (PMMA), commonly known as...
Read moreSouth32 Reports Annual Net Loss
South32, an Australia-based mining company, has announced an annual net loss of $173 million for the year ending in June. This stands in stark contrast to the $2.67 billion profit...
Read moreGetting Spending on Social Security, Medicare, and Medicaid Under Control
Introduction "Getting spending on Social Security, Medicare, and Medicaid 'under control' is a top priority for budgeteers. While the intention sounds reasonable, it's important to note that spending on these...
Read moreBath & Body Works Inc. Misses Sales Estimates
Bath & Body Works Inc.'s stock (BBWI, -4.85%) experienced a significant decline of 7% in premarket trade on Wednesday. The company, which was spun out of Victoria's Secret, failed to...
Read moreSensirion Holding Adjusts Capacity and Reports Decline in Earnings
By Andrea Figueras Sensirion Holding has made the decision to reduce its temporary staff as it adapts to weaker demand from end customers, resulting in a significant decline in earnings...
Read moreGerman Business Activity Sees Steepest Decline in Over Three Years
Berlin, Germany - In a recent survey conducted by purchasing managers, it was revealed that German business activity experienced its sharpest decline in more than three years during the month...
Read moreNvidia: AI Supply Constraints and Revenue Limitation
Demand for Nvidia's artificial intelligence chips is skyrocketing, and it's no secret that supply may struggle to keep up in the near future. However, as we analyze Nvidia's earnings results,...
Read moreS&P Global Downgrades Ratings on U.S. Banks
S&P Global has downgraded its ratings on several U.S. banks, citing concerns over rising interest rates and significant deposit outflows. This unsettling news comes after the recent collapses of Silicon...
Read moreCoty Inc. Reports Fiscal Fourth Quarter Results
Coty Inc. (COTY) announced on Tuesday its financial results for the fiscal fourth quarter. While the company's profit fell short of expectations, its revenue surpassed estimates, demonstrating resilience in demand...
Read moreLong Cramer Tracker ETF to be Liquidated
The Long Cramer Tracker ETF (LJIM), established to invest in stocks recommended by CNBC's Jim Cramer, is set to be closed and liquidated, according to an announcement made by its...
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