Things weren’t all cupcakes and rainbows in the financial results that Costco Wholesale Corporation (NASDAQ: COST) reported last night. The retail giant came in slightly shy of estimates for revenue, membership fee, and overall comparable sales in its fiscal Q4, leading to a 2.0% decline in its share price on…
Morgan Stanley has downgraded Udemy Inc (NASDAQ: UDMY) to ‘Underweight’ from ‘Neutral’ and reduced its price target to $7.50 from $10, implying a potential downside of 7% from the current trading price. The downgrade reflects concerns over Udemy’s strategic shift toward large enterprise customers amid weakening demand, a move that…
China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week. According to Carlos De Alba – a Morgan Stanley analyst, metals and mining stocks will likely benefit from increased demand once the largest…
Walgreens Boots Alliance (WBA) has become a fallen angel, costing investors billions of dollars in the past few years. Its stock has imploded, falling from $69 in 2014 to $9 today, meaning that a $1000 investment at its top would now be worth just $130. On the other hand, a…
GameStop (GME) stock price has moved sideways in the past few weeks as investors reflect on its recent earnings and cash raise. It was trading at $22.48 on Friday, much lower than the year-to-date high of $64. GME is in a conundrum GameStop is in a difficult place as its…
Shein, the fast-fashion giant known for its ultra-affordable clothing and rapid production cycle cannot seem to catch a break. The company already suffered a setback last year when it had to scrap its original plans to list in New York after US lawmakers raised concerns over alleged labour malpractices and lawsuits…
Argentina’s poverty rate soared to nearly 53% in the first half of 2024, according to official data released on Thursday, marking a sharp increase from the 41.7% reported at the end of 2023. This rise, driven by the tough austerity measures implemented by President Javier Milei, reflects the immediate economic…
In an unexpected turn of events, Mexico’s trade deficit rose to $4.868 billion in August 2024, a significant increase from the $1.278 billion deficit reported in the same month the previous year, which means a gap of 73.5 per cent compared to last year. These numbers, published by the Instituto…
Inflation in the US continued its downward trend in August, latest data has shown, providing hope for additional interest rate cuts by the Federal Reserve. The Personal Consumption Expenditures (PCE) price index, the Fed’s favored measure of inflation, rose by just 2.2% year-over-year, down from 2.5% in July. This is…
In the week ending on September 27th, two currencies drew significant attention: the Argentine peso (USDARS) and the Colombian peso (USDCOP). Their movements present a fascinating narrative of both gains and losses in the world of Latin America’s currency trading. On September 27, the Argentinian Peso USDARS increased slightly by…