News
Nvidia Stock Poised for Further Growth, Analysts Say
Leading semiconductor company, Nvidia, is expected to continue its upward trajectory with a potential 50% increase. Analysts highlight the company's strong market position, superior technology, and ongoing growth-oriented investments.
Resilient Performance Amid Challenging Market Conditions
The U.K. equipment-rental company has demonstrated its resilience in the first half of fiscal 2024, despite the challenging macroeconomic conditions that have impacted certain end markets.
LG Energy Solution's Shares Soar on Impressive Q3 Earnings Forecast
LG Energy Solution's stock value surged by 8.3% after releasing its Q3 earnings forecast that surpassed market expectations. It anticipates a 40% YoY jump in operating profit and a 7.5% YoY increase in revenue. This positions the company as a crucial EV battery supplier.
CleanCore Solutions Files for IPO
CleanCore Solutions, based in Omaha, Nebraska, has filed for an initial public offering (IPO) to raise funds for growth and invest in research and development initiatives. They specialize in an enhanced aqueous ozone solution, a unique cleaning product infused with ozone gas.
Bank of Queensland Reports 70% Drop in Annual Profit
The Bank of Queensland has reported a 70% decrease in its annual profit, attributed to sluggish mortgage lending and one-off costs. The bank's revenue was in line with expectations, but net profit fell short. As a result, dividend payouts have been reduced. The bank expects continued pressure on revenue and margins in fiscal 2024.
Target Stock Shows Signs of Recovery
Target's stock rises after recent promotions, but challenges persist. Analyst advises prioritizing merchandising efforts to drive traffic.
Update on Akero Therapeutics' Lead Product Candidate
Akero Therapeutics provides an update on their lead product candidate for treating NASH, revealing impressive resolution rates and continued potential for patient improvement.
Fast Retailing to Report Q4 Results
Fast Retailing is set to release its Q4 results, with a decline in net profit anticipated. Investors are eager for outlook and margin improvement. China's sales growth is also of interest.
Auto Workers Strike at General Motors Facilities in Canada
Auto workers at GM facilities in Canada go on strike after failing to reach agreement with the automaker. Unifor union demands fair deal for its members.
Union Workers Reject New Labor Deal at Mack Truck
Workers at Mack Truck, represented by UAW, vote against a new labor deal, creating complications for the union and auto makers. Volvo shares decrease, affecting overseas trading. The rejected contract included a ratification bonus and wage increases. Reasons behind rejection remain unknown.