Declining Sales of Foreign-Branded Smartphones in China August Report

Declining Sales of Foreign-Branded Smartphones in China: August Report

Recent statistics reveal a concerning trend for foreign-branded smartphone sales in China. Data released by the China Academy of Information and Communications Technology (CAICT) shows that these sales dropped by 12.7% in August year-on-year. Specifically, the sales volume fell to 1.87 million units compared to 2.142 million units sold in August of the previous year….

Flutter's Profits Set to Double by 2027 with Major US Expansion and 5 Billion Share Buyback

Flutter’s Profits Set to Double by 2027 with Major US Expansion and $5 Billion Share Buyback

Flutter, the largest online betting company in the world, has announced a significant financial forecast, predicting that its core profits will more than double by 2027. The company plans to achieve this ambitious target through growth in the U.S. market and a share buyback program of up to $5 billion. Flutter’s expansion, driven by the…

Walmart's IPO Plans for Flipkart and PhonePe

Walmart’s IPO Plans for Flipkart and PhonePe

Walmart is preparing for the potential initial public offerings (IPOs) of its subsidiaries, Flipkart and PhonePe. This process may take several years, according to Dan Bartlett, Walmart’s executive vice president for corporate affairs. Overview of the IPO Timeline During Walmart’s shareholder meeting in Bentonville, Arkansas, Bartlett emphasized that the IPOs are being considered over the…

GameStop tanks almost 40

Keith Gill’s Return Fails to Spark GameStop Rally

Stock influencer Keith Gill, known for his role in the GameStop (GME.N) stock rally of 2021, made a highly anticipated return to livestreaming on Friday. Despite drawing a significant audience, his appearance did not generate the investor enthusiasm needed to reverse the company’s recent stock slump. Gill’s Livestream and Its Impact Keith Gill, who gained…

S&P 500 Index Welcomes New Members KKR, CrowdStrike, and GoDaddy

S&P 500 Index Welcomes New Members: KKR, CrowdStrike, and GoDaddy

In a significant update to the S&P 500, three notable companies—private equity firm KKR & Co, cybersecurity specialist CrowdStrike, and internet services provider GoDaddy—are set to join the prestigious index before the market opens on June 24. This change reflects the dynamic nature of the market and the evolving focus of investors on sectors such…

Dell Technologies Faces Stock Decline Due to AI Investments

Dell Technologies Faces Stock Decline Due to AI Investments

Dell’s Financial Outlook Impact of AI Investments on Quarterly Profits Dell Technologies’ stock dropped approximately 14% in premarket trading on Friday. The company, known for its PC and server products, anticipates that substantial investments in artificial intelligence (AI) will negatively affect its quarterly earnings. If the premarket losses persist, Dell could see a market value…

The Surge of Re-Staking A New Frontier in Cryptocurrency

The Surge of Re-Staking: A New Frontier in Cryptocurrency

Cryptocurrency has been a dynamic and rapidly evolving field, drawing significant attention and investment. One of the latest trends in this market is “re-staking,” a practice that offers investors rewards in exchange for locking up their tokens in a complex scheme. This trend has seen a meteoric rise, reflecting the broader appetite for risk in…

BlackRock's iShares Bitcoin Trust Becomes World's Largest Crypto Fund

BlackRock’s iShares Bitcoin Trust Becomes World’s Largest Crypto Fund

The cryptocurrency landscape witnessed a significant shift with the rise of BlackRock’s iShares Bitcoin Trust. This exchange-traded fund (ETF) has rapidly ascended to become the world’s largest Bitcoin fund, overtaking its closest competitor, the Grayscale Bitcoin Trust. This article delves into the details of this development, exploring the factors behind its success, the regulatory backdrop,…

GRUPO ELEKTRA ANNOUNCES REVENUE OF Ps.40,045 MILLION AND EBITDA OF Ps.4,119 MILLION IN THE THIRD QUARTER OF 2022

Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), Latin America’s leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, announced third quarter 2022 financial results. Third quarter results Consolidated revenue grew 13% to Ps.40,045 million in the period, compared to Ps.35,504 million in the same quarter…

Comerica Incorporated Names Kelly Gage, Director of Investor Relations; Darlene Persons to Retire on April 1

Comerica Incorporated (NYSE: CMA) announced that Kelly Gage, National Director of Sales and Strategy for the Commercial Bank will be named Senior Vice President, Director of Investor Relations, effective Sept. 1, 2022. Gage will succeed Darlene Persons, Senior Vice President, Director of Investor Relations, who plans to retire on April 1, 2023. Gage will report to Jim Herzog, Executive Vice President and…