Oil futures rebounded on Thursday after a two-day drop, ignoring data that indicated weak consumer demand in China. Despite the setback, crude prices attempted to recover, reaching their lowest level since mid-July. Price Action West Texas Intermediate crude for December delivery rose by 54 cents, or 0.4%, to $75.87 a barrel on the New York Mercantile Exchange. January Brent … [Read more...] about Oil Futures Bounce Back Despite Weak Chinese Demand
The Rise of Freebies in the Fast Food Industry
In today's fast-paced world, it seems like there's no such thing as a free lunch. However, fast-food companies are breaking this norm by offering enticing freebies to customers. But before diving into these deals, it's important to ask yourself, "What's the catch?" Wendy's, for example, has gone viral with its latest promotion. Every Wednesday until the end of the year, … [Read more...] about The Rise of Freebies in the Fast Food Industry
President Biden Touts Auto Industry Agreements, Criticizes Trump’s Approach to EVs
President Joe Biden recently praised the agreements reached between the United Auto Workers (UAW) and the Big Three carmakers. However, he also took the opportunity to criticize former President Donald Trump's stance on promoting electric vehicles (EVs). During a speech in Belvidere, Ill., where Chrysler and Jeep parent company Stellantis has agreed to reopen a plant, Biden … [Read more...] about President Biden Touts Auto Industry Agreements, Criticizes Trump’s Approach to EVs
Lions Gate Entertainment Corp. Reports Surprise Q2 Profit
Shares of Lions Gate Entertainment Corp. (LGF.A) surged 10.3% in after-hours trading on Thursday following the company's unexpected second-quarter profit announcement. Despite the negative impact of the strike earlier in the year, the TV, film, and media giant maintained its full-year outlook. Financial Performance Lions Gate reported a net loss of $887.9 million, or $3.79 per … [Read more...] about Lions Gate Entertainment Corp. Reports Surprise Q2 Profit
Semiconductor Manufacturing International Corp. Sees Declining Profits and Margins
Hong Kong-listed shares of Semiconductor Manufacturing International Corp. (SMIC) fell in morning trade as the chip maker reported a decline in profits and margins amid sluggish demand. The company's Shanghai-listed shares also experienced a significant drop. Share Declines The chip maker's Hong Kong-listed shares declined by 6.6% early on Friday, ultimately falling 4.1% to … [Read more...] about Semiconductor Manufacturing International Corp. Sees Declining Profits and Margins
