Heineken shares experienced a sharp decline, opening nearly 7% lower on Monday following the release of the brewing giant’s first-half financial results. The company’s stock continued to trade down 7.9% at 12:18 p.m. London time, disappointing analysts and investors alike. Operating profit for Heineken showed organic growth of 12.5%, falling short of the company-compiled consensus
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The sales of previously owned homes in the United States dropped by 5.4% in June compared to the previous month, totaling 3.89 million units on a seasonally adjusted, annualized basis according to the National Association of Realtors. This decrease also represents a 5.4% decline compared to June of the previous year. The slow pace of
General Motors is on the verge of releasing its second-quarter results, and the anticipation is high. The traditional Detroit automaker is expected to outshine its competitors with stable sales and vehicle prices in the first half of the year. Analysts are predicting earnings per share of $2.75 adjusted and revenue of $45.46 billion. These figures
The second-quarter results for Detroit automakers are highly anticipated on Wall Street, with General Motors expected to shine brighter than its counterparts. Analysts predict a strong adjusted profit of $2.75 per share for GM, representing a 44.2% increase from the previous year. Additionally, GM is forecasted to report $45.46 billion in revenue, up by 1.6%
Investors have been pouring money into small-cap stocks, sparking discussions about whether this is a strategic move or simply reactionary behavior. ETF journalist Dave Nadig believes that this surge in investment is not just a rotation from winning growth trades but rather a diversification trade. This means that investors are seeking to broaden their exposure,
The stock market has seen significant gains since the last monthly meeting in June due to the anticipated Federal Reserve interest rate cut. Recent upbeat inflation data has propelled stocks to new highs, with the Dow Jones Industrial Average and the S&P 500 reaching all-time intraday highs. The Nasdaq Composite also hit a new high,
Delta Air Lines recently announced a forecast of record revenue for the third quarter, attributing this to the high demand for summer travel. However, this projection was lower than what analysts had estimated due to fare discounts resulting from an increase in flights. In the current quarter, Delta anticipates a sales growth of up to
As the presidential election between President Joe Biden and former President Donald Trump approaches, many investors are feeling anxious about the potential impact on their money. A survey conducted by investment company Betterment found that 57% of investors are nervous about the upcoming election, with 40% expecting to make changes to their investments based on
The recent surge in home prices, with an astounding increase of more than 40% since before the pandemic, should be prompting current homeowners to consider refinancing. However, the reality is quite different. Most homeowners are finding that the costs associated with pulling out cash through refinancing are simply too high now. This is largely due
BP shares took a hit on Tuesday as the company disclosed its expectation to incur an impairment of up to $2 billion in the second quarter. Additionally, it warned investors about lower refining margins that could further weigh on its financial results. This news caused a 2.6% drop in BP shares during early market trading,