Solvay Reports Q3 Profit and Sales Decline
Solvay, a Belgian chemical company, faces Q3 profit and sales decline below expectations. Weak demand, lower volumes, and prices contribute to the decrease. Solvay maintains its outlook for the year, projecting a decline of 5% to 2% in earn...
Crypto Magnate Sam Bankman-Fried Found Guilty After Trial
Sam Bankman-Fried, the founder of defunct crypto exchange FTX, has been found guilty of fraud and money laundering charges after a dramatic trial. Prosecutors argued that he misappropriated $10 billion from customers, while the defense clai...
Apple Inc. Faces Potential Fifth Straight Quarterly Revenue Decline
Apple Inc. is facing potential challenges and concerns as it heads towards its fifth consecutive decline in quarterly revenue. Despite the company's hopes for growth, there are several factors that may negatively impact its performance. Thi...
ARC Resources Expects Significant Increase in Production through 2025
ARC Resources forecasts significant growth in production, targeting up to 50,000 barrels of oil per day by 2025. They plan to maintain steady growth, with natural gas accounting for a major portion.
Consumer Companies Rally amid Hope for Lower Mortgage Rates
Consumer companies rally as investors anticipate lower mortgage rates. Leadership change at National Association of Realtors. Softening labor market's impact on mortgage rates. Disappointing forecast from Peloton Interactive. Six Flags and...
Park Hotels & Resorts Reports Strong Q3 Results
Park Hotels & Resorts experiences a stock surge and reports impressive Q3 revenue and adjusted funds from operations. CEO optimistic about transient demand. Special dividend declared.
Procore Technologies Faces Investor Concerns with Wider Loss in Q3
Procore Technologies reported a higher-than-expected Q3 loss, leading to investor concerns and a share price decline. Despite this, the company remains optimistic with a revised revenue projection. Analysts at Jefferies downgraded the stock...
Growth in the U.S. Industrial Economy
Rockwell Automation reports significant growth in fiscal-fourth-quarter sales and earnings, surpassing Wall Street expectations. The company expects continued growth in the U.S. industrial economy.
Barrick Gold Reports Strong Q3 Earnings
Barrick Gold Corp. reports strong earnings in Q3 with a 21% rise in net earnings and 5.2% increase in gold production. The company aims to double its copper output by 2031.
Challenges for Hikma Pharmaceuticals in North America
Hikma Pharmaceuticals faces challenges in its injectables business in North America due to supply and capacity constraints. Despite this, the company remains optimistic about other areas of its business.