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This ETF has trounced the S&P 500 with bets on AI in a surprising sector
Macrae Sykes of Gabelli Funds explains his strategy, which looks beyond the Nvidia-focused AI hardware buildout.
Boeing's CEO lays out his 4-part turnaround plan to fix 'festering of issues' in a memo to employees
Boeing CEO Kelly Ortberg said "trust in the company has eroded," that it's "saddled with too much debt," and has had "serious lapses in performance."
Coca-Cola posts better than expected Q3 report, driven by higher prices
Coca-Cola (KO) third quarter turned out better than expected as consumers continue to be picky with their dollars. On Wednesday morning, the company posted revenue of $11.9 billion, beating
Germany’s lost decade: How the Fortune 500 Europe giant is flirting with long-term irrelevance
There is an elephant in the room of the 2024 edition of the Fortune 500 Europe. It’s not a crisis-riddled company or scandal-hit CEO. Rather, it’s the whole German economy. For most of the 21st
Coke's quarterly revenue, as well as sales volumes fall, but still beats expectations
Coca-Cola reported higher-than-expected revenue in the third quarter as higher prices offset lower sales volumes. Revenue fell 1% to $11.9 billion, but still beat Wall Street’s forecast of $11.6
The Quarter-Trillion Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.
Global stocks are mixed following a quiet day on Wall Street
World stocks were mixed on Wednesday under pressure from a rising U.S. dollar and uncertainties over the U.S. election. European markets opened mostly lower, with Germany’s DAX dropping less than 0
Texas Instruments’ Guidance Falls Short. The Stock Is Rising Anyway.
Texas Instruments shares dropped as much as 2% following the release and rallied to up 3% later in after hours trading. Investors likely anticipated the potential for a slightly w
Xi, Modi to Hold First Talks in Two Years After Border Deal
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi will hold their first bilateral meeting since 2022 on Wednesday, after the two countries eased a four-year border stalemate
Abercrombie’s Ex-CEO Faces Sex Trafficking Charges. How It Could Hang Over the Stock.
The arrest closes an ugly chapter that has long tainted the retailer’s reputation, but paves the way for investors to focus on the company’s increasingly bright future under current CEO Fran Horowitz.
European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.
Starbucks Stock Drops After Dismal Earnings, Suspended Guidance
Starbucks stock was falling in after-hours trading after the company prereleased disappointing earnings and suspended guidance. Starbucks reported a profit of 80 cents a share, missing forecasts for
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