Overview U.S. stocks experienced slight upward movement on Thursday, following the release of the much-awaited inflation report for July. Despite a significant initial surge, the market only saw modest gains by the end of the trading session. Key Details The S&P 500 (SPX) edged higher by 1.20 points, or less than 0.1%, reaching 4,468.91 as per preliminary data from … [Read more...] about U.S. Stocks Show Marginal Gains After Inflation Report Release
Forex News
Pagaya Technologies Reports Strong Q2 Results
Shares surge in after-hours trading following better-than-expected earnings and revenue Pagaya Technologies Ltd. (PGY) experienced a significant rally in share price during the extended session on Thursday. The AI-backed fintech data company exceeded Wall Street expectations with its adjusted results and optimistic outlook. Impressive Financial Performance Despite a 5% decline … [Read more...] about Pagaya Technologies Reports Strong Q2 Results
Siemens Reports Profit in Q3
Siemens, the German industrial company, announced that it achieved a net profit of 1.4 billion euros ($1.54 billion) in the third quarter. This marks a significant turnaround from the net loss of 1.5 billion euros reported in the same period last year. The company attributed the positive result to strong growth in its digital-industries, smart-infrastructure, and mobility … [Read more...] about Siemens Reports Profit in Q3
Air Canada Reports Strong Q2 Performance
Air Canada has announced its impressive financial results for the second quarter, exceeding market expectations. The Canadian airline reported a net profit of 838 million Canadian dollars ($623.1 million), or C$2.34 per share, marking a significant improvement compared to a loss of C$386 million, or C$1.60 per share, in the same period last year. Fuelled by robust demand for … [Read more...] about Air Canada Reports Strong Q2 Performance
U.S. Inflation Faces Risks of Re-Acceleration
Data released by the Labor Department suggests that U.S. inflation has significantly slowed down in recent months. However, some analysts are warning that there are potential risks of re-acceleration in the fourth quarter or next year. In July, U.S. consumer prices rose by a modest 0.2%. The yearly rate of inflation also increased from 3% to 3.2%, marking the first increase in … [Read more...] about U.S. Inflation Faces Risks of Re-Acceleration
