ASML has recently reported second-quarter earnings and sales figures that surpassed expectations, marking a significant achievement for the Dutch firm. Net sales amounted to 6.24 billion euros, exceeding the 6.03 billion euros that were initially projected. Similarly, net profit reached 1.58 billion euros, outperforming the expected 1.43 billion euros. Despite a 9.5% decline in net
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The International Monetary Fund (IMF) issued a cautionary warning, stating that the risks of inflation have risen, casting doubt on the potential for multiple interest rate cuts by the Federal Reserve this year. According to the IMF’s World Economic Outlook update, there has been a slowdown in global disinflation momentum, suggesting that there may be
Gold prices saw a significant surge on Tuesday, reaching a record high of $2,465.30. This surge was driven by the increasing expectations of a September interest rate cut, which bolstered demand for the precious metal. The futures for gold jumped 1.5%, surpassing the previous high of $2,454.20. Likewise, spot gold hit an all-time high of
New Balance made headlines on Tuesday with the announcement of a multiyear deal with the WNBA, solidifying its position as an official partner of the league. This partnership will involve collaboration on broadcast, digital, and retail content, with a focus on featuring Los Angeles Sparks’ rookie forward, Cameron Brink. By joining forces with the WNBA,
The recent surge in small-cap stocks has shifted the focus from mega-cap technology shares to these lesser-known companies. This change in leadership within the stock market has been driven by optimism surrounding potential interest rate cuts that could fuel economic recovery and benefit small-cap stocks. The Russell 2000 index, which serves as a benchmark for
Delaware offers housing affordability that is about average, but what sets it apart is the remarkably low property taxes that homeowners have to pay. The effective tax rate is less than half a percent, making it the fourth-lowest in the country. This factor alone contributes to Delaware’s ranking as the 10th state in terms of
Morgan Stanley has reported impressive second-quarter profits and revenue that exceeded analysts’ estimates. The bank’s earnings of $1.82 per share surpassed the expected $1.65 per share by LSEG. Additionally, the revenue of $15.02 billion outperformed the estimated $14.3 billion. The profit of the bank surged by 41% from the previous year to $3.08 billion, or
Recent studies have shown that workplace engagement is on the decline, with only one-third of employees being actively engaged in their work. This trend has been highlighted in a 2023 Gallup poll, which revealed that roughly 50% of employees are not engaged, while another 16% are actively disengaged. This lack of engagement has led to
The announcement of a cut in sales outlook by Hugo Boss had a significant impact on the company’s shares, causing them to plunge by as much as 10% in a single day. This sudden drop in share prices reflects the market’s reaction to the company’s revised forecast, which indicated a decrease in full-year sales compared
The Social Security Administration is in the process of updating its online services, and it is crucial for account holders to take action to ensure continued access. If you created your online “my Social Security” account before Sept. 18, 2021, it is particularly important for you to log in and make the necessary updates. Account