Ever since the dawn of stock markets, analysts and financial institutions have been making predictions about the performance of different companies. One such prediction that caught the attention of investors on Tuesday was HSBC’s upgrade of Krispy Kreme from hold to buy. The bank’s reasoning behind this upgrade was based on Krispy Kreme’s recent sale
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Tejon Ranch, the largest privately owned land in California, is seeking to expand its commercial center through a $61.6 million municipal bond issuance. This expansion project aims to more than double the size of the Tejon Ranch Commerce Center, which currently houses distribution centers for major retail brands like IKEA, Caterpillar, and L’Oreal. The Tejon
McDonald’s decision to extend its $5 value meal promotion beyond the initial four-week window has been met with a positive response from customers. According to a memo obtained by CNBC, nearly every business unit in the U.S., encompassing 93% of its restaurants, has voted to continue the promotion past its original end date. This move
Oregon Governor Tina Kotek has recently declared a state of emergency due to the alarming increase in wildfires in the region. The state has been hit hard by thousands of lightning storms, resulting in the ignition of 100 new fires within a week. These wildfires have spread rapidly, with three blazes alone consuming over 100,000
When analyzing stocks during earnings season, it is crucial to pay close attention to how they react to their earnings reports. One key aspect to consider is the support and resistance levels, as they can indicate potential breakouts or breakdowns. Technical catalysts, such as the daily cloud model, provide valuable insights into the stock’s performance
General Motors is anticipated to stand out among traditional Detroit automakers in the upcoming second-quarter earnings reports. Analysts on Wall Street are optimistic about GM reporting a solid adjusted profit of $2.75 per share, marking a significant increase of 44.2% from the previous year. The company is also expected to report $45.46 billion in revenue,
Warren Buffett’s Berkshire Hathaway made a significant move by trimming its huge Bank of America holding for the first time in four and a half years. This decision comes after the bank’s strong performance in 2024. The Omaha-based conglomerate sold 33.9 million shares of Bank of America for nearly $1.5 billion in separate sales over
Bitcoin price experienced a slight rise on Monday, following a sharp rally over the weekend. This increase in price comes as a response to President Joe Biden dropping his reelection bid, which has caused an upsurge in uncertainty surrounding the U.S. political outlook. The world’s largest cryptocurrency, Bitcoin, saw a 0.9% increase in the past
In a world where social media dominates human interaction, SoMon has emerged as a game-changer in the Web3 space. With a focus on user-owned content and connections, this decentralized forum has quickly gained traction since its launch on Base. In just 14 days, the app has seen over 300,000 on-chain transactions, solidifying its position as
Recent developments in U.S. politics, specifically President Joe Biden’s announcement that he will not seek reelection and his endorsement of Vice President Kamala Harris, have had a significant impact on Asian currencies. The uncertainty surrounding the upcoming presidential elections, particularly in relation to the potential outcomes of a Trump administration, has led to a lack