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Business, Stocks

“Abercrombie & Fitch shares soar more than 15% as retailer blows past earnings estimates, raises guidance”

“…Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Shares jumped more than 15% in early trading Wednesday. Net income for the… Continue Reading…

Business, Stocks

“Peloton shares drop 27% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality”

“…Here’s how the fitness company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv: The company reported a net loss of $241.8 million, or 68 cents per share,… Continue Reading…

Business

“SingTel Q1 profit slumps 23% on unfavourable currency move, high costs”

“Singapore Telecommunications reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia’s… Continue Reading…

Real Estate

“Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession”

“…Three experts told MarketWatch that if the economy continues to show signs of strength, and the U.S. Federal Reserve hikes its benchmark interest rate once again, rates could go up to 8%.  High rates have already taken a toll on… Continue Reading…

Stocks

“Roblox Stock Crashes 21% On Q2 Earnings; Is RBLX Stock A Buy Right Now?”

“…On Wednesday, Roblox shares crashed nearly 22% after the videogame company reported earnings below analysts’ expectations. Roblox lost 46 cents per share on bookings of $781 million. For the June-ended quarter, Roblox notched $781 million in net bookings and $38… Continue Reading…

Banking, Economy, Personal Finance

“U.S. Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time”

https://finance.yahoo.com/m/1f9b0a3e-858d-3724-bcb4-0dfe23a5d302/u-s-credit-card-balances.html This article is behind a pay wall but I want to comment on something. Now is the worst time ever to have bad debt. This is prime time to pay debt off. Keep some reserves. The biggest investment opportunity… Continue Reading…

Business

“Honda posts 78% rise in Q1 profit on U.S. sales jump”

“Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen… Like other automakers, Honda said it benefited from strong sales to retail customers in… Continue Reading…

Business

“sony raises forecast on PlayStation gaming growth but profit drops 31% in first quarter”

“Sony on Wednesday reported a 31% fall in profit in the first fiscal quarter as its life insurance unit dragged on its bottom line, but the company raised full-year sales forecasts on the back of expected strength for its PlayStation gaming… Continue Reading…

Stocks

“biotech Firm Pops 677% on Social Anxiety Spray Trial Success”

“A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., notched its best day ever, surging by as many as four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial. The drug developer’s stock… Continue Reading…

Stocks

“Palantir’s 135% AI Surge Set For Earnings Showdown”

“The data analysis firm’s stock has rallied 135% in the three months since its last report, with chief executive officer Alex Karp talking up the power of the firm’s AI products and the demand for them. That’s inflicted big losses… Continue Reading…