Stock Research

As former President Donald Trump gears up for a potential return to office in November, economist Ludovic Subran warns of a potential inflationary surge.  Subran, the chief economist at Allianz, predicts that Trump’s reelection could have significant repercussions for the US economy, exacerbating inflationary pressures that are already a concern for financial markets and policymakers.… Continue reading Donald Trump’s reelection could spike inflation, warns Allianz chief economist Subran

McDonald’s (MCD) reported second-quarter earnings and revenue that fell short of Wall Street expectations, as higher menu prices only partially offset decreased foot traffic. This resulted in a decline in same-store sales for the first time since the pandemic began, highlighting challenges even as the company introduced budget-friendly options like the $5 meal deal. McDonald’s… Continue reading McDonald’s misses Q2 estimates as same-store sales decline for first time since pandemic

BlackBerry Ltd. has announced the appointment of Tim Foote as its new Chief Financial Officer (CFO), marking a significant leadership change as the company continues its strategic shift towards cybersecurity and software solutions.  Foote, who has been with BlackBerry for nearly a decade, brings extensive experience in finance, investments, and cybersecurity, making him a key… Continue reading BlackBerry appoints Tim Foote as new CFO amid strategic transformation

ON Semiconductor Corp pulled in $1735.2 million in revenue for the second quarter, achieving a net income of $338.2 million that translated into a diluted EPS of $0.78. The share price of the company is up 12% in the first hour of trading. The reported revenue beat analysts’ expectations of $1729.12 million but constituted a… Continue reading ON Q2 earnings decline but the stock is surging, here’s why

Japan is experiencing a record surge in tourism, and with it, an unusual spike in restaurant prices.  Popular tourist destinations like Niseko and Tokyo are seeing exorbitant price tags on meals, with some dishes costing three to five times more than usual.  This trend reflects both the economic dynamics of a weakened yen and the… Continue reading Japanese eateries hike prices as tourist influx reaches record levels

Ola Electric is gearing up to make an entrance into the public market with what is set to be the largest Initial Public Offering (IPO) of 2024.  Scheduled to debut on the Indian stock exchanges this Thursday, the electric scooter manufacturer is creating waves with a valuation of $734 million.  The IPO will see Ola… Continue reading Ola Electric’s $734 million IPO: 2024’s largest in India—Should you invest?

In a significant legal victory for gig economy companies, an appeals court in California has upheld Proposition 22, allowing Uber, Lyft, DoorDash, and similar firms to continue classifying their drivers as independent contractors rather than employees.  This ruling reinforces the status of gig workers, preserving their flexibility and independence while reshaping the dynamics of worker… Continue reading Uber and Lyft win court battle: Drivers to remain classified as independent contractors

In a significant development, Malaysia has demanded compensation from Microsoft and CrowdStrike for a massive global outage that disrupted internet services and affected numerous industries. This high-profile case could set a precedent for how similar incidents are handled worldwide. Last week, a severe outage caused by a faulty update led to widespread internet disruptions, particularly… Continue reading Malaysia demands compensation from Microsoft and CrowdStrike following global outage: Will others follow?

Apple’s aggressive discounting strategy in China appeared promising earlier this year. During an online shopping festival in May, the tech giant offered significant price cuts on its iPhones, aiming to boost sales and counteract its faltering performance in the region.  Despite these efforts, Apple’s iPhone sales in China remain sluggish compared to its local rival… Continue reading Apple’s iPhone discounts fail to boost market share in China: What’s next for the tech giant?