Oracle, a leading database software vendor, recently announced its fiscal first-quarter results, exceeding Wall Street expectations. The company reported adjusted earnings per share of $1.39, surpassing the $1.32 consensus, and revenue of $13.31 billion, beating the expected $13.23 billion. Oracle’s revenue grew by 8% from the previous year, reaching $13.31 billion. Net income also saw
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Discount home goods giant Big Lots faced a significant setback as it filed for bankruptcy due to a combination of factors including high interest rates and a sluggish housing market. This led to a decrease in demand for their low-priced furniture and decor items, ultimately impacting their revenue and profit margins. The decision to sell
The IRS is currently working on strategies to prevent an increase in audits for taxpayers earning less than $400,000. While there are specific guidelines in place, experts suggest that certain aspects of your tax return can attract attention from the IRS, irrespective of your income level. The Treasury Inspector General for Tax Administration (TIGTA) recently
Despite the efforts to stabilize it, China’s property market continues to face challenges. Standard Chartered CEO Bill Winters highlighted the ongoing difficulties in the investing environment in China. He pointed out that consumer and international investor confidence remains low, largely due to the lingering issues in the property market. Winters noted that while there have
China recently reported a 0.6% increase in its consumer price index for August, falling short of expectations. This rise was lower than the anticipated 0.7% year-on-year increase, as costs for transportation, home goods, and rents actually declined during this period. While food prices did see a notable increase of 2.8% compared to the previous year,
In today’s volatile stock market climate, finding reliable investment opportunities can be challenging. However, top Wall Street analysts have identified Planet Fitness (PLNT) as a promising stock pick that investors should consider. With over 2,600 fitness centers and a strong asset-light franchise model, Planet Fitness has demonstrated resilience in the face of economic headwinds. Recently,
Broadcom recently released their fiscal third-quarter results, surpassing Wall Street’s expectations for both revenue and earnings. Despite this positive performance, Broadcom’s shares experienced a 7% drop in after-hours trading due to guidance that was in line with expectations. The company reported earnings per share of $1.24 adjusted, beating the $1.20 expected, and revenue of $13.07
Seven & i Holdings recently made a bold move by rejecting the takeover offer from Alimentation Couche-Tard, a Canadian convenience store operator. The company firmly stated that the proposed acquisition was not in the best interest of its shareholders and stakeholders. This decision comes after Couche-Tard offered to acquire all outstanding shares of Seven &
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a long delay in its departure timeline. Originally supposed to leave much sooner, the return trip did not include the two astronauts it brought to orbit in June. Instead, NASA test pilots Butch Wilmore and Suni Williams will remain at the ISS for an
Nobel Prize-winning economist Joseph Stiglitz has recently made headlines by calling for a half-point interest rate cut by the Federal Reserve at the upcoming meeting. Stiglitz criticizes the U.S. central bank for tightening monetary policy too quickly, which he believes has exacerbated the inflation problem. He emphasizes the importance of normalizing interest rates but argues