Nvidia’s shares took a hit in U.S. premarket trade recently due to various factors affecting the company’s fiscal second-quarter performance. The company saw a slight dip in its gross margin and, while its revenue beat analysts’ expectations, it wasn’t enough to satisfy the high hopes set by investors. This led to a 4.6% drop in
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Ulta Beauty, a popular beauty retailer, recently faced a setback as its shares plummeted by 7% in extended trading due to falling short of second-quarter expectations and trimming its full-year guidance. The company reported a decline in same-store sales, which resulted in its first earnings per share miss since May 2020 and first revenue miss
Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning. The earnings no longer appeared to be posted on
China’s housing market continues to face challenges, with government stimulus measures falling short of expectations. Despite efforts to prop up the sector, the market remains troubled. According to JPMorgan economist Haibin Zhu, the housing market crash is far from over, and home prices are unlikely to stabilize until at least 2025. Recent data from China
The recent research from the Bank of America indicates that travel spending among American households is exceeding pre-pandemic levels, with a particular emphasis on international trips. This trend is fueled by a growing interest in vacationing abroad, as mentioned by Taylor Bowley and Joe Wadford, economists at the Bank of America Institute. According to their
The prediction of a soft landing for the U.S. economy in 2025 comes with a warning from British fund manager abdrn. Kenneth Akintewe, head of Asian sovereign debt at abdrn, expressed concerns about the potential for a prolonged slowdown during an interview with CNBC’s “Squawk Box Asia.” Akintewe questioned whether the Federal Reserve is already
The recent news of Rupert Murdoch-owned REA Group contemplating a takeover offer for the U.K. property portal Rightmove has sent shockwaves through the real estate industry. The Australian property listings company, controlled by Murdoch’s News Corp, has hinted at a possible cash and share offer for Rightmove, although no formal discussions have taken place as
The S & P 500 saw a 0.7% increase on Thursday, despite Nvidia’s AI chipmaker stock taking a hit with a 3.5% decline. The company exceeded expectations on both revenue and profit margins during Wednesday’s earnings report. However, analysts were not impressed with Nvidia’s full-year outlook on gross margins. Jim Cramer pointed out that while
China’s video game industry made a significant impact with the release of Black Myth: Wukong, a top-tier action game set in mythological China. The game sold over 10 million units within three days of its launch, signaling a new era for Chinese AAA games on the global stage. This achievement has shown the world that
As the Federal Reserve gears up to cut interest rates in September, dividend-paying stocks are poised to shine in the investment landscape. Among these, real estate investment trust EPR Properties (EPR) stands out with a dividend yield of 7.3%. RBC Capital analyst Michael Carroll recently upgraded his rating for EPR to buy from hold, citing