Financial News

Taco Bell’s resilience boosts Yum, while KFC and Pizza Hut see declines. Learn how Yum, Restaurant Brands, and Marqeta face sector challenges.

Nvidia joins the Dow, replacing Intel in a major AI-driven shift as its market cap soars, reflecting tech’s dominance in the stock market.

Trump’s tariff plans could reignite US-China trade tensions, risking global economic disruption.

The report showed that companies did not want to invest in capital and inventory amid political uncertainty.

Questions remain over the UK autumn budget’s ability to meaningfully boost long-run economic growth. The easing of budgetary constraints and reduced monetary flexibility pose economic risks.

U.S. October jobs report shows only 12,000 new jobs, missing forecasts. Unemployment steady at 4.1%—what’s driving the labor market slowdown?

China’s Caixin PMI returns to expansion, signaling stronger demand but raising cost and employment concerns.

Apple, Amazon, and Intel earnings reveal key industry trends as growth in cloud, iPhone sales, and AI position these tech giants for 2024 competition.

Natural gas prices test new lows as traders react to the EIA report.

Microsoft’s cloud growth boosts earnings, Meta outperforms but misses user targets, and Starbucks strategizes for recovery after sales drop.

Gasoline inventories decreased by 2.7 million barrels from the previous week.

U.S. Q3 GDP grew 2.8%, missing the 3.1% forecast as consumer spending slowed. Rising imports and weak housing investment also dampened growth.

October’s ADP report surprises with 233,000 private jobs added, driven by health, trade, and hospitality sectors—beating forecasts by over 100,000.

Stronger Eurozone Growth Fuels ECB Rate Speculation; Germany Rebounds in Q3.

Alphabet leads in earnings, beating forecasts with cloud growth. Snap, AMD, and Reddit show mixed results as tech stocks prepare for short-term gains.

CB Consumer Confidence increased to 108.7, beating analyst estimates.

U.S. home prices rose 4.2% YoY in August, while 20 major cities saw a 5.2% gain. High mortgage rates continue to dampen demand and growth.

Pfizer Q3 earnings beat expectations, driven by Paxlovid sales. Cost-saving goals aim for $4B by 2027 as Covid demand slows. Investor concerns rise.

German consumer confidence rises in November, hitting highs since April 2022, yet recession fears weigh on economic sentiment.

The report showed that production index moved back into the positive territory amid rising factory activity.