Shares of Cloudflare and Fortinet were surging on Friday after both companies delivered better-than-expected fourth-quarter earnings, boosting investor confidence in the cybersecurity sector. Cloudflare stock was up by 11.46% at market open on Friday, while Fortinet was up by almost 4%. The rally came as both companies exceeded Wall Street…
The first trading day of February saw global equity markets slump as investors reacted to President Trump’s latest tariff threats. These were aimed at the US’s closest neighbours: Mexico to the south and Canada to the north. It’s not as if the 25% tariffs on Mexican and Canadian US exports…
L’Oreal SA (EPA: OR) seems to have had enough disappointments out of China. For future growth, the beauty giant now plans on turning to the United States which it called a “land of opportunity” on its earnings call last night. The company’s plans to change focus arrive after several quarters…
Brazil has granted EuroAtlantic the license to offer regular international flights, according to decree 16.300, which was published in the Official Gazette of the Union (DOU) on Thursday. EuroAtlantic, a Portuguese company, can now operate as an international carrier, providing air transportation services for both passengers and cargo. This big…
US consumer confidence weakened in early February, hitting a seven-month low as concerns over inflation and tariffs grew. The University of Michigan’s preliminary sentiment index fell to 67.8, down 3.3 points from the previous month, missing all economist forecasts surveyed by Bloomberg. Rising inflation expectations weigh on consumers Short-term inflation…
Billionaire hedge fund manager Bill Ackman has built a sizable stake in Uber Technologies Inc (NYSE: UBER). On Friday, the founder and chief executive of Pershing Square said he owned more than 30 million shares of the ride-hailing giant. In total, his stake in Uber is worth about $2.3 billion.…
In line with market expectations, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points (bps) to 6.25 per cent. This marks the first rate cut since May 2020, when the central bank had lowered rates to mitigate the economic impact of…
In January 2025, Chile’s Consumer Price Index (CPI) increased significantly, with a monthly fluctuation of 1.1%. This figure represents a 1.1% increase over the year and a 4.9% year-over-year inflation rate. The data published by Chile’s National Institute of Statistics demonstrate the influence of internal economic forces on the country’s…
The first trading day of February saw global equity markets slump as investors reacted to President Trump’s latest tariff threats. These were aimed at the US’s closest neighbours: Mexico to the south and Canada to the north. It’s not as if the 25% tariffs on Mexican and Canadian US exports…
All eyes are on the Bureau of Labor Statistics as it prepares to release its closely watched January jobs report at 8:30 a.m. ET on Friday. Economists anticipate the report will reveal a cooling trend in hiring, balanced by a steady unemployment rate, offering a snapshot of the US economy…