Heineken, the Dutch brewer, has announced a decrease in net profit for the first half of the year, along with an updated outlook for the full year. During the first six months, net profit reached 1.16 billion euros ($1.27 billion), compared to 1.27 billion euros in the same period last year. The reported figure fell short of the estimated 1.31 billion euros, as per analysts' … [Read more...] about Heineken Reports Decline in Net Profit
economy
The Federal Reserve’s Preferred Measure of Price Growth
The Federal Reserve's preferred measure of price growth is expected to have slowed significantly in June, adding to the ongoing decline from its peak. The question now is how long this relief can last. Forecasted Slowdown in Core PCE Price Index Economists are forecasting that the core personal consumption expenditures (PCE) price index climbed by 0.2% in June, based on … [Read more...] about The Federal Reserve’s Preferred Measure of Price Growth
U.S. Stocks Reach New Highs, Nasdaq Leads the Way
U.S. stocks achieved new highs for the year on Monday, signaling a busy week for corporate earnings. The Nasdaq showed strong performance, leading the way up. Positive Momentum for Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) experienced a rise of approximately 76 points, or 0.2%, ending at around 34,585, based on preliminary FactSet data. This marked … [Read more...] about U.S. Stocks Reach New Highs, Nasdaq Leads the Way
Wall Street Warms Up to U.S. Manufacturing Stocks
As the U.S. manufacturing sector emerges from a lengthy downturn, Wall Street is showing renewed interest in these stocks. One example is automation technology giant Rockwell Automation (ticker: ROK), whose shares were recently upgraded by Wolfe Research analyst Nigel Coe. While the upgrade to a Hold rating may not be wildly bullish, it does reflect Coe's confidence that … [Read more...] about Wall Street Warms Up to U.S. Manufacturing Stocks
Eurozone, EU Economic Growth Accelerate in First Quarter
Source: Eurostat The eurozone and the European Union opened the year with faster economic growth, with positive growth rates recorded in all countries covered. EZU closed up 1.67%, while VGK is up 0.22% premarket. Seasonally adjusted economic growth posted an annual increase of 5.0% in the eurozone, up from 4.7% in the fourth quarter but lower than the 14.6% in the same … [Read more...] about Eurozone, EU Economic Growth Accelerate in First Quarter
