The stock market experienced a significant boost following the release of the latest inflation report. This rally is not expected to fade away quickly - it is one to believe in. Impressive Gains in U.S. Stock Indexes On Tuesday morning, all three major U.S. stock indexes witnessed jumps of over 1%, with the Nasdaq Composite coming close to a 2% gain. A Moderation in … [Read more...] about The Stock Market Gains Momentum as Inflation Moderates
Fuller Smith & Turner Reports Strong Profits and Plans Buyback
By Najat Kantouar Fuller Smith & Turner, the U.K. pubs-and-hotels business, has announced a rise in pretax profit for the first half of fiscal 2024 despite high inflation. The company also revealed plans to buy back an additional one million A shares. According to the latest financial statement released on Wednesday, pretax profit for the six months ended September 30 … [Read more...] about Fuller Smith & Turner Reports Strong Profits and Plans Buyback
Pfizer to Cease Operations at Site in Sandwich, England
By Ian Walker Pfizer, the pharmaceutical giant, has revealed plans to discontinue its Pharmaceutical Sciences Small Molecule operations at its location in Sandwich, Kent, England. This decision will unfortunately result in the loss of approximately 500 jobs. However, it is important to note that Pfizer's other functions at the Sandwich site will remain operational, reassuring … [Read more...] about Pfizer to Cease Operations at Site in Sandwich, England
Berkshire Hathaway’s Selling Spree: Exiting General Motors and Activision Blizzard
In a surprising move, Berkshire Hathaway, led by Warren Buffett, divested its positions in General Motors (GM) and Activision Blizzard in the third quarter, as revealed in a regulatory filing. General Motors: Berkshire Hathaway sold a staggering 22 million shares in GM during the quarter. This comes as a significant shift since the conglomerate had been holding shares in GM … [Read more...] about Berkshire Hathaway’s Selling Spree: Exiting General Motors and Activision Blizzard
Eurozone Industrial Output Falls in September
Industrial output in the eurozone has experienced a greater decline than expected in September, indicating a continued low demand for goods within the bloc. According to recent figures published by European Union statistics agency Eurostat, total production fell by 1.1% on a monthly basis, marking a significant reversal from the 0.6% increase recorded in August. Economists had … [Read more...] about Eurozone Industrial Output Falls in September
