Cheesecake Factory recently reported a fourth-quarter profit, showcasing the resilience of demand at its restaurants despite challenging conditions. In the 13 weeks ended Jan. 2, the Calabasas Hills-based chain experienced a notable turnaround, posting a profit of $12.7 million, equivalent to 26 cents per share. This positive shift contrasts with the prior year's loss of $3.3 … [Read more...] about Cheesecake Factory Fourth Quarter Profit
Forex News
Insignia Financial’s Improved Guidance Sparks Share Surge
In a recent announcement, Insignia Financial reported its half-year net earnings, revealing an increase in guidance for fiscal 2024. Positive Market Response Following the news, the Australian wealth-management company saw a significant boost in its shares, with a 13% increase to 2.56 Australian dollars (US$1.68) during morning trading on Thursday. Hitting a high of A$2.63 … [Read more...] about Insignia Financial’s Improved Guidance Sparks Share Surge
Intuit Revenue Growth
In its latest quarter, Intuit saw a surge in revenue across key segments, driving significant growth for the tax-preparation-software maker. Strong Financial Performance Intuit reported a net income of $353 million, or $1.25 per share, for the second quarter ended Jan. 31, a notable increase from $168 million, or 60 cents a share, in the previous year. Adjusted earnings came in … [Read more...] about Intuit Revenue Growth
AI Stocks Surge in Tech Sector
Nvidia Leads the Charge Shares of technology companies surged amid signs that the AI boom is gathering momentum. Nvidia shares leapt by more than 15% after the chip maker forecast burgeoning growth for its artificial-intelligence supporting semiconductors. Gains for Nvidia have amounted to more than 60% for the year to date. On Thursday, Nvidia added $276.7 billion in market … [Read more...] about AI Stocks Surge in Tech Sector
UnitedHealth Group Cyberattack
A business owned by UnitedHealth Group Inc. is currently dealing with a cyberattack that has caused disruptions in some operations. The company suspects that a "nation-state-associated cybersecurity threat actor" has gained access to certain information-technology systems operated by its Change Healthcare unit. Restoration Efforts in Progress UnitedHealth is actively working to … [Read more...] about UnitedHealth Group Cyberattack
