By Pierre Bertrand ArcelorMittal, the Luxembourg-based steelmaker, announced a decrease in second-quarter earnings due to a decline in steel shipments and lower average steel selling prices. The company reported $1.86 billion in net profit for the quarter, a significant decrease from the prior year's $3.92 billion, with revenue falling by 16% to $18.61 billion. Earnings before … [Read more...] about ArcelorMittal Reports Lower Q2 Earnings
Forex News
Cenovus Energy Reports Lower Earnings and Production Due to Alberta Wildfires
Canadian integrated oil and natural gas company, Cenovus Energy, announced a decrease in earnings and production on Thursday, attributing the decline to the impact of Alberta wildfires during the summer. Lower Earnings Cenovus reported lower net earnings of 866 million Canadian dollars ($655.6 million), or C$0.44 a share, compared with C$2.43 billion, or C$1.19 a share. … [Read more...] about Cenovus Energy Reports Lower Earnings and Production Due to Alberta Wildfires
Tupperware Stock Rockets as Shares Reach New Heights
Tupperware Brands Corp.'s stock soared by 46.6% on Wednesday as the iconic container manufacturer continues its remarkable ascent. The stock had already experienced a 75.6% increase on Monday, despite the absence of any significant news, marking its largest one-day percentage gain ever. Although shares dipped 15.8% on Tuesday, they rallied once again to end Wednesday's session … [Read more...] about Tupperware Stock Rockets as Shares Reach New Heights
Dow Snaps Longest Win Streak in Almost 40 Years
The Dow Jones Industrial Average (DJIA) ended its impressive winning streak on Thursday, experiencing a decline as stocks pulled back and bond yields rose. This shift came after U.S. economic growth surged in the second quarter. Stock Market Performance According to preliminary FactSet data, the DJIA fell around 237 points, or 0.7%, and closed near 35,282. The S&P 500 index … [Read more...] about Dow Snaps Longest Win Streak in Almost 40 Years
T-Mobile Shares Slip After Mixed Q2 Results
T-Mobile shares are taking a hit as the mobile carrier announces its second-quarter results. While profits exceeded expectations, revenue fell short. Q2 Numbers T-Mobile reported revenue of $19.2 billion for the June quarter, a 2.6% decrease compared to the same period last year. Although slightly below the Wall Street consensus forecast of $19.3 billion, the company's profits … [Read more...] about T-Mobile Shares Slip After Mixed Q2 Results
