Shares of United Parcel Service Inc. (UPS) dropped 5% toward a three-year low in premarket trading Thursday. This follows the package delivery giant's report of third-quarter profit expectations that were higher than anticipated. However, the company missed on revenue and subsequently cut its full-year outlook. These disappointing results are attributed to a slowing economy and … [Read more...] about United Parcel Service Inc. Shares Drop Amid Revenue Miss
Stock Performance
McDonald’s Investors Face Concerns amid Rising Interest Rates
Introduction McDonald's Corp. investors are currently experiencing the most significant weekly downturn in four years, as worries grow about the impact of the recent surge in interest rates on consumer spending. Stock Performance The stock of the fast-food giant, with the ticker MCD, -0.97%, declined 1.4% in afternoon trading, indicating a potential closing at its lowest point … [Read more...] about McDonald’s Investors Face Concerns amid Rising Interest Rates
JPMorgan Chase & Co. Reaffirms Safety of Employees Amidst Tragic Events in Israel
Introduction JPMorgan Chase & Co., one of the world's leading financial institutions, expressed its condolences for the recent bloodshed in Israel and emphasized the safety of its employees during this challenging time. Despite the broader decline in the market, the bank remains committed to supporting its staff and acknowledging the tragic events that have unfolded. Stand … [Read more...] about JPMorgan Chase & Co. Reaffirms Safety of Employees Amidst Tragic Events in Israel
General Electric Completes Management Team for Power Generation Business
General Electric (GE) announced the completion of its management team for its power generation business, which is set to be spun out as a separate company in the coming months. Ken Parks Joins as CFO of GE Vernova Ken Parks has been appointed as the Chief Financial Officer (CFO) of GE Vernova, the company's power-generation business. Parks, who previously held the position of … [Read more...] about General Electric Completes Management Team for Power Generation Business
European Stocks Finish Lower
European stocks closed lower on Friday, with the Stoxx Europe 600 index dropping 0.20% to 470.78. Let's take a closer look at the performance of major indices and individual companies. Stock Performance The FTSE 100 index was flat at 7,694.27. The French CAC 40 index rose 0.15% to 7,476.47. The German DAX gained 0.39% to 16,469.75. Top Decliners Among the Stoxx Europe 600 … [Read more...] about European Stocks Finish Lower
