PepsiCo Lowers Sales Forecast Again After Weaker Q3 Results

PepsiCo Lowers Sales Forecast Again After Weaker Q3 Results PepsiCo reported lower-than-expected Q3 revenue and profit as inflation weighs on consumer spending. The company cut its full-year sales outlook for the second consecutive quarter. Shares of PepsiCo (PEP) fell by 0.7% in pre-market trading. PepsiCo (PEP) reported disappointing third-quarter financial results, with both revenue and […]

Microsoft’s Stock Downgraded as Oppenheimer Urges Caution on AI Growth

Microsoft’s Stock Downgraded as Oppenheimer Urges Caution on AI Growth Oppenheimer downgraded Microsoft stock from “outperform” to “perform.” AI-related losses are a key concern, with potential impacts on Microsoft’s margins. Despite the downgrade, Microsoft (MSFT) shares are up 11% in 2024. Microsoft (MSFT) saw its stock downgraded on Tuesday, with analysts from Oppenheimer adjusting their […]

S&P 500 Falls as Insurance Stocks Drop, Super Micro Soars on AI Demand

S&P 500 Falls as Insurance Stocks Drop, Super Micro Soars on AI Demand S&P 500 fell 1% on Monday as Hurricane Milton intensified in the Gulf of Mexico. Insurance stocks were hit hard, while Super Micro Computer (SMCI) soared on AI-driven demand. Oil prices surged, adding to the stock market downturn as rate-cut expectations dimmed. […]

Could Surging Oil Prices Impact Stock Market’s Record Run?

Could Surging Oil Prices Impact Stock Market’s Record Run? Oil prices surged over 10% in the past week amid escalating Middle East tensions. Despite rising oil prices, the stock market continues its strong performance, with the Dow Jones closing at a record high last week. Analysts believe the global growth outlook remains steady, keeping inflationary […]

DocuSign, MDU Resources Surge on S&P Global Index Changes

DocuSign and MDU Resources Stocks Rise After S&P Global Index Changes DocuSign (DOCU) and MDU Resources Group (MDU) shares surged following news of S&P Global index changes. DocuSign will join the S&P MidCap 400, while MDU will move to the S&P SmallCap 600. These changes will take effect before the market opens on Friday. Shares […]

Google’s $3B Investment in Malaysia to Create 26,500 Jobs by 2030

Malaysia to Gain $3B in GDP and 26,500 Jobs from Google Investments by 2030 Alphabet Inc. (GOOGL) expects to add $3 billion to Malaysia’s GDP by 2030 through its investments. These investments will also create 26,500 jobs in the country. Google is positioning Malaysia as a hub for cloud and AI services. Alphabet Inc. (NASDAQ: […]

Samsung to Cut Thousands of Jobs Globally Amid Struggles in AI Market

Samsung to Cut Thousands of Jobs Globally Amid Struggles in AI Market Samsung Electronics is planning to slash thousands of jobs globally, targeting Southeast Asia, Australia, and New Zealand. The layoffs could affect up to 10% of employees across various subsidiaries. Samsung’s struggles in the AI and chip markets are driving the workforce reductions. Samsung […]

US Futures Dip After S&P 500 Record; SAP Tumbles Amid Probe

US Futures Slip After S&P 500 Record High; SAP Shares Drop: Markets Wrap US stock futures dipped after the S&P 500 reached its 41st record close in 2021. SAP SE shares plummeted after reports of a US investigation into overcharging government agencies. Investors focus on central bank policies and upcoming economic data. US stock futures […]

British American Tobacco Stock: Hard to Resist 9.5% Dividends

British American Tobacco Stock: Hard to Resist 9.5% Dividends British American Tobacco (BAT) stock has outperformed the market, up 32% this year. The stock is nearing its all-time high, despite slowing growth. Technical indicators point to continued upside potential. British American Tobacco (LON: BATS) has been one of the top performers in the FTSE 100 […]

Costco Stock More Overvalued Than Nvidia: Is It Still a Buy?

Costco Stock More Overvalued Than Nvidia: Is It Still a Buy? Costco shares have surged by 64,000% since its IPO in 1985. The company is now considered more overvalued than Nvidia. Despite this, Costco continues to grow, attracting investors. Costco Wholesale (COST) stock has been on a decades-long bull run, making it one of Wall […]