Profit by knowlytics
Shares of Nike fell as investors raised alarms over the slow pace of recovery with CEO Elliott Hill at the helm for nearly two years. While the company managed a slight revenue uptick, it suffered a 17% decline in sales in China, expected to worsen. Analysts highlight a sluggish revival in both the sportswear sector…
At an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. He notably refrained from giving any forward guidance on interest rates. Warsh’s remarks have sparked debate among economists regarding potential future rate increases, as global central banks adopt varying approaches to tackle inflation and uphold…
General Motors has signed a landmark long-term agreement with Micron Technology to ensure a steady supply of vital memory and storage chips. This partnership comes in response to the increasing demand and costs for these crucial components, fueled by advancements in AI. Moreover, it sets the stage for joint innovation in future automotive technologies, underscoring…
Meta Platforms is reportedly exploring a move into the cloud computing business, aiming to lease out its surplus AI computing power. This strategic shift could lessen Meta’s dependence on advertising revenue and position it as a competitor to tech giants like Amazon and Microsoft.
Zerodha CEO Nithin Kamath said the brokerage’s growth stems from prioritising customer interests over aggressive expansion. He highlighted transparency, word-of-mouth marketing, a bootstrapped model and product-focused innovation as the key drivers behind the company’s long-term success.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Wall Street opened lower on Wednesday as renewed U.S.-Iran tensions weighed on sentiment and clouded Middle East peace prospects. The Dow, S&P 500 and Nasdaq declined at the open, signalling a cautious start to the second half of 2026 amid geopolitical uncertainty and its potential impact on global markets and investor risk appetite.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Sebi has taken significant action against a large-scale pump-and-dump operation, imposing a barring on 221 parties, including the alleged ringleader Hanif Shekh, from participating in the securities market for up to seven years. An imposing fine of Rs 10 crore was also levied. Between 2017 and 2020, this illegal scheme manipulated five stocks, artificially inflating…