Samsung Electronics recently witnessed a significant surge in its stock prices, reaching the highest level since January 2021. This spike comes as the South Korean tech giant announced better-than-expected profit projections for the second quarter of the year. The stock soared by as much as 2.24% on Friday morning, hitting a peak of 86,500 Korean
profit
Constellation Brands recently reported an earnings beat that was primarily driven by the strength of its beer business. Despite this positive news, shares of the company fell by 4%, indicating that investors, including analysts, were concerned about the ongoing weaknesses in the wines and spirits segment. This disparity highlights a significant issue within the company’s
The U.S. Department of the Treasury and IRS recently announced final tax reporting rules for digital asset brokers, which are set to have a significant impact on crypto investors. These regulations will introduce mandatory yearly reporting beginning in 2026, with digital currency brokers required to cover gross proceeds from sales in the previous year. The
The recent Supreme Court ruling in Moore v. United States regarding the “mandatory repatriation tax” has sent shockwaves through the realm of wealth tax proposals. While there is a growing interest in taxing the ultra-rich, experts believe that last week’s ruling may pose a threat to future wealth tax initiatives. The case, which focused on
Shares of Walgreens took a significant hit, falling nearly 20%, following disappointing financial results for the fiscal third quarter. The company reported lower-than-expected earnings and revised its full-year adjusted profit outlook downwards. Despite a strong performance in its healthcare segment, the retail giant is facing challenges in the current environment for pharmacies and U.S. consumers.
H&M, the world’s second largest retailer, experienced a sharp decline in its shares by more than 14% after reporting lower-than-expected second-quarter profits. The operating profit for the period fell short of analysts’ expectations, casting doubt on the company’s ability to meet its sales targets. The company attributed the decline in profits to bad weather conditions,
Morgan Stanley is making significant strides in the realm of artificial intelligence with the introduction of its latest assistant, Debrief. This cutting-edge tool is poised to streamline thousands of hours of labor for the bank’s financial advisors by automating the tedious task of note-taking during client meetings. Unlike previous AI initiatives that focused on enhancing
FedEx experienced a significant boost in its shares, rising more than 15% after announcing earnings that exceeded analysts’ expectations. The company reported an earnings per share of $5.41, surpassing the anticipated $5.35. In terms of revenue, FedEx reported $22.11 billion, slightly higher than the expected $22.07 billion. Despite the positive results, FedEx’s full fiscal year
The U.S. auto industry has witnessed a 2.9% growth in sales in the first half of the year compared to the previous year. However, concerns are looming over whether this momentum can be sustained throughout the rest of the year. One of the key factors contributing to this uncertainty is the increasing inventory levels and
In today’s rapidly evolving retail landscape, traditional brick-and-mortar stores are facing increasing competition from e-commerce giants like Amazon. One such struggling retailer is Target, which is now turning to Shopify in a bid to revamp its online offerings. By teaming up with Shopify, Target hopes to attract new and trendier brands to its marketplace, Target