News
Sharp Decline in Profits and Revenue for Lam Research
Lam Research reports significant decrease in profit and revenue, attributing it to reduced spending on semiconductor manufacturing equipment. However, the company maintains optimism for future growth in the artificial intelligence (AI) sector.
U.S. Crude Oil Inventories Fall Amid Winter Weather
U.S. crude oil inventories fell more than expected due to severe winter weather, causing a decline in production, refinery runs, and imports.
Plug Power Faces Challenges Despite Funding Announcement
Plug Power experiences boost in shares after funding announcement, but analyst remains skeptical about company's future prospects due to potential hurdles in securing funds and financial challenges. Thakkar downgrades stock rating and adjusts price target.
Oil Futures Under Pressure as Demand Outlook Remains Uncertain
Oil futures face uncertainty as traders await inventory data and monitor cold weather impact on production. Decrease in inventories seen as positive, but rise in gasoline stocks raises concerns about demand. Analysts predict decline in U.S. crude production due to extreme cold weather conditions.
Capstone Copper Achieves Production Guidance for 2023
Capstone Copper surpasses production targets for 2023, achieving record results in Q4 and optimistic for strong performance in 2024.
Economic Activity in Eurozone Improves, Though Slowly
Economic activity in the eurozone shows signs of improvement, with manufacturing leading the way. Challenges remain in the services sector.
IBM Set to Benefit from AI Boom with Strong Performance
IBM is expected to capitalize on the AI boom with strong performance, as shares surge and revenue is projected to increase. Analysts have upgraded their ratings and target prices for IBM stock.
U.K. Stocks Experience Marginal Decline
The U.K. stock market experiences a marginal decline, with some stocks surging. Updates on currency and commodity markets.
Procter & Gamble Beats Expectations with Strong Q2 Earnings
Procter & Gamble (P&G) beats Q2 earnings expectations, exceeding Wall Street projections and raising profit forecast.
Primark Expects Strong Performance for Fiscal 2024
Associated British Foods expects Primark to have a strong performance in fiscal 2024, with increased sales and a profit margin above 10% due to consumer demand and robust Christmas trading.