Shares of Ford Motor faced a reluctant downgrade on Monday as Jefferies analyst Philippe Houchois downgraded the stock to Hold from Buy. Ford's price target also saw a decrease from $17 to $15 per share. In response to this announcement, Ford shares dropped by 1.2% in early trading while S&P 500 and Dow Jones Industrial Average futures experienced a slight increase of about … [Read more...] about Ford Motor Downgraded, Stellantis Emerges as a Stronger Contender
Forex News
The Summer of Uncertainty
Retailers are finding themselves in a state of uncertainty, caught between hope and despair, much like the seasons in Dickens' novels. Recent data points from June and July paint a mixed picture of consumers' spending habits. On the negative side, housing turnover has been on a decline for two consecutive years. Higher home prices and mortgage rates have deterred potential … [Read more...] about The Summer of Uncertainty
Informatica’s Q2 Financial Results
Informatica, a provider of cloud data management software, has released its second-quarter financial results. The company reported revenue of $376 million for the quarter, representing a 1% increase compared to the previous year. This exceeded both Informatica's own guidance range of $355 million to $365 million and the Wall Street consensus forecast of $360.6 million. Adjusted … [Read more...] about Informatica’s Q2 Financial Results
Australian Services Sector Contracts, Inflation Remains a Concern
The latest data reveals that the services sector in Australia experienced a contraction in July, raising concerns about the persistence of inflationary pressures. The Judo Bank Australia Services Performance of Manufacturing Index dropped to 47.9, reaching its lowest level since December. This decline comes after the Reserve Bank of Australia's decision to keep interest rates … [Read more...] about Australian Services Sector Contracts, Inflation Remains a Concern
Deutsche Lufthansa Reports Surge in Revenue and Profit
Deutsche Lufthansa has announced a significant increase in revenue and profit for the second quarter, driven by strong demand that is expected to continue throughout the year. Passengers are eager to make up for lost time due to the Covid-19 pandemic, especially in premium cabins. During the three months ending in June, the German carrier group recorded revenue of €9.39 billion … [Read more...] about Deutsche Lufthansa Reports Surge in Revenue and Profit
