Stock Research

Vienna has reaffirmed its status as the world’s most livable city in The Economist’s Global Livability Index 2024, scoring an impressive 98.4 out of 100.  This accolade marks Vienna’s third consecutive year at the pinnacle of urban living standards, outshining global peers in safety, healthcare, culture, environment, education, and infrastructure.  Conversely, Caracas, Venezuela, faces stark… Continue reading Vienna tops Global Livability Index 2024; Damascus, Tripoli, Caracas among worst-performing cities

Tesla Inc. (NASDAQ: TSLA) is grappling with investor uncertainties as UBS downgrades its stock to Sell, citing valuation concerns amidst setbacks in its ambitious autonomous driving initiatives. The latest move by UBS comes amid a volatile period for Tesla, marked by fluctuating analyst opinions and upcoming earnings expectations. Analyst downgrade and market response UBS analyst… Continue reading UBS downgrades Tesla stock to Sell with $197 price target: Time to exit?

JPMorgan Chase reported impressive second-quarter results on Friday, surpassing analysts’ expectations in both profit and revenue, driven by a significant surge in investment banking fees. JPMorgan Chase Q2 2024 highlights Earnings: $4.26 per share adjusted vs. $4.19 estimate Revenue: $50.99 billion vs. $49.87 billion estimate Strong earnings and revenue growth JPMorgan Chase’s earnings for the… Continue reading JPMorgan Chase Q2 2024 results: Revenue soars with investment banking gains

Wells Fargo (WFC) was trading down 7% during early trading today after the company announced its second quarter results. The financial services company’s quarterly profit declined and it missed the mark on Net Interest Income (NII). The company’s NII went down 9% to 11.92 billion. Analyst estimates showed an average expectation of $12.12 billion. The… Continue reading Wells Fargo stock is crashing, here’s why

Representatives from the Republican Party are calling for an intelligence briefing from the government on the Microsoft and G42 AI deal. They fear G42’s ties to China cause a security concern. The concerns were raised by Republican lawmakers Michael McCaul and John Moolenaar. The letter sent to the National Security Advisor stated: We remain deeply… Continue reading Should Congressman McCaul be questioned for selling Microsoft before investigation call?

A recent report by Immunefi, a leading bug bounty platform, reveals significant financial losses on the BNB Chain due to hacks and rug pulls. Since its launch seven years ago, the blockchain has lost approximately $1.64 billion to these fraudulent activities. Breakdown of financial losses Out of the total losses, $1.27 billion resulted from hacks,… Continue reading BNB Chain faces $1.64 billion in losses from hacks and rug pulls, report reveals

India’s largest IT services firm, Tata Consultancy Services (TCS), announced a significant drop in its deal wins for the first quarter of FY25, with the total contract value (TCV) falling to $8.3 billion (£6.32 billion).  This represents an 18.6% decrease from the $10.2 billion (£7.76 billion) in the same period last year and a 37%… Continue reading India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion

Efforts are underway to bring relief to over 100,000 Americans whose savings have been frozen in fintech accounts following the collapse of fintech intermediary Synapse.  Banks are making significant progress in resolving this financial turmoil, potentially leading to the release of funds within weeks. Synapse collapse affects over 100,000 customers Since May, more than 100,000… Continue reading Synapse mess: Banks advance in unlocking $96 million for 100,000 fintech users

Jumia Technologies AG (NYSE: JMIA) is rallying on Tuesday after a Benchmark analyst issued a super bullish note in its favour. Shares of the marketplace, logistics and payments service are up 30% for the day at writing but Fawne Jiang is convinced it’s not done pleasing its shareholders just yet. Jumia stock is now trading… Continue reading Jumia stock is far from done rallying yet: analyst says