On Tuesday, Fitch Ratings made headlines by downgrading the U.S. government's top AAA rating to AA+, becoming the second major credit firm to do so. This move was met with swift condemnation from both the White House and the Treasury Department. Interestingly, history suggests that this downgrade might actually result in a rally within the Treasury securities market, which is … [Read more...] about August 2023: A Comparison to August 2011?
Forex News
DSM-Firmenich Reports Rise in Net Profit for First Half
DSM-Firmenich, the Dutch nutrition, health, and bioscience company, has announced that its net profit for the first half of the year has increased. However, the company expects a decline in adjusted Ebitda for the full year, citing no significant improvement in business conditions in the second half. Strong financial performance DSM-Firmenich revealed that its pretax profit … [Read more...] about DSM-Firmenich Reports Rise in Net Profit for First Half
Auto1 Group Faces Decline in Sales and Lowers Expectations
Shares in Auto1 Group have seen a significant decline today following the company's report of decreased units sold in the second quarter, as well as a downward revision of their sales expectations for the entire year. As of 0950 GMT, shares were down 9.45% at EUR8.87. According to Auto1, they sold 141,682 units in the quarter, representing a 15% decrease compared to the … [Read more...] about Auto1 Group Faces Decline in Sales and Lowers Expectations
Owens Corning Reports Profit Increase in Q2
In the second quarter, roofing business for Owens Corning experienced a lift in results due to storms, resulting in a rise in profit. The building-materials maker posted a profit of $345 million, up from $343 million in the same period last year. Analysts expected earnings of $297.9 million. Adjusted earnings for Owens Corning were $4.22 per share, after stripping out certain … [Read more...] about Owens Corning Reports Profit Increase in Q2
Questions to Ask a Financial Adviser: A Guide for Making the Right Choice
When searching for a financial adviser, it is crucial to come prepared with a set of questions that will help you assess their qualifications, background, payment structure, approach to financial planning, and more. To assist you in this process, we have put together a comprehensive guide featuring 15 essential questions that you should ask any potential financial adviser. This … [Read more...] about Questions to Ask a Financial Adviser: A Guide for Making the Right Choice
