Oracle shares saw a significant rise of 9% in extended trading following the company’s announcement of their fiscal first-quarter results. These results surpassed Wall Street estimates, portraying a strong performance by the database software vendor. The company reported earnings per share of $1.39 adjusted, compared to the expected $1.32, and revenue of $13.31 billion, surpassing
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Apple’s recent event showcasing the latest iPhones, Apple Watches, and AirPods seemed to leave investors underwhelmed as the stock fell initially before staging a late-day rally to close in the green. Despite hitting an all-time high in mid-July, Apple is now almost 7% below those levels. However, Apple remains the second-best performing stock among the
Discount home goods giant Big Lots recently filed for bankruptcy, citing high interest rates and a sluggish housing market as primary factors contributing to its decline. With revenue of $4.7 billion in fiscal 2023, Big Lots has been a key player in the closeout retail space, offering bargain-basement prices on a variety of home goods.
The IRS is still in the process of developing strategies to prevent increased audits for taxpayers earning less than $400,000 annually. While the Treasury Inspector General for Tax Administration reported that the IRS has made “limited progress” in this regard, there are certain aspects of tax returns that can attract attention from the IRS, regardless
Despite various efforts to stabilize the economy, China’s property market still faces significant challenges, as highlighted by Standard Chartered CEO Bill Winters. Winters emphasized the difficult investing environment in China, citing low consumer confidence and international investor sentiment. The lingering issues in the property market have yet to reach a bottom, leading to a slow
China’s recent report on consumer prices revealed a surprising increase of only 0.6% year on year in August, falling short of expectations. Analysts had predicted a 0.7% rise in the consumer price index, highlighting the challenges of accurately forecasting economic trends in the current climate. One of the key contributors to the inflation rate was
September has been tumultuous for the U.S. stock market, with certain economic indicators displaying signs of weakness. However, amidst the noise, investors seeking stock recommendations can turn to top analysts on Wall Street for guidance. One such pick is Planet Fitness (PLNT), a franchisor and operator of over 2,600 fitness centers. The company recently reported
Burberry Group, a British luxury fashion house, faced a major setback as it dropped out of the U.K.’s FTSE 100 stock market index. The retailer’s declining sales and a series of management changes culminated in its relegation to the FTSE 250 during September’s quarterly rebalancing. This move marked the end of Burberry’s 15-year run in
Vice President Kamala Harris has put forward a plan to raise the capital gains tax rate for households earning over $1 million annually. This proposed tax hike would affect long-term capital gains, which are assets owned for more than one year, increasing the rate from the current 20% to 28%. According to Harris, the aim
Seven & i Holdings recently made headlines by rejecting a takeover offer from Canadian convenience store operator Alimentation Couche-Tard. In a filing with the Tokyo Stock Exchange, Seven & i highlighted that the proposed offer of $14.86 per share was not deemed to be in the best interest of its shareholders and stakeholders. Stephen Dacus,