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After Hours Market Movers: Dexcom, Coursera, Deckers Outdoor and More

26Jul

By Harrison Jordan LewisNo Comments

Business

After Hours Market Movers: Dexcom, Coursera, Deckers Outdoor and More

Related media - Breaking news Here are some stocks that saw significant moves in after-hours trading: Dexcom Dexcom shares jumped after their quarterly earnings report beat Wall Street expectations. The company, known for its continuous glucose monitoring systems, reported stronger-than-expected revenue growth, fueling investor optimism and sending the stock up 7%. Lane Online learning platform Coursera saw its shares rise 5% after reporting better-than-expected revenue and user growth. The company cited increased enrollment and partnerships with educational institutions as key factors contributing to its positive performance. Deckers outdoors Deckers Outdoor, the parent company of popular brands like UGG and Teva, has seen its stock price rise 4%. The boost came after...

Stellantis reports significant drop in first-half earnings due to weak U.S. sales

26Jul

By Harrison Jordan LewisNo Comments

News

Stellantis reports significant drop in first-half earnings due to weak U.S. sales

Related media - News 24 hours Stellantis, the multinational automaker behind brands including Jeep, Dodge and Chrysler, announced a 48% drop in net profit for the first half of 2024, mainly due to declining sales and production issues in the U.S. market. The company reported net income of €5.6 billion ($6.07 billion) in the first six months, down significantly from the same period in 2023. Adjusted operating income fell to €8.5 billion, down €5.7 billion, largely attributed to challenges in North America. Following the announcement, Stellantis shares in Milan fell 8.5%. CEO Carlos Tavares acknowledged the underperformance, citing a challenging industry landscape and internal operational challenges. He noted that many of the problems stemmed from U.S. operations, which were plagued by...

Why a Historically Reliable Recession Indicator May No Longer Be Accurate

25Jul

By Harrison Jordan LewisNo Comments

Business

Why a Historically Reliable Recession Indicator May No Longer Be Accurate

Related media - Latest news Wall Street’s most reliable recession indicator started signaling trouble in 2022 and hasn’t stopped since, but so far it has proven wrong every time. The yield on 10-year Treasuries has been lower than that of many shorter-term bonds, a scenario known as an inverted yield curve, which has historically preceded nearly every recession since the 1950s. Traditionally, an inverted yield curve suggests a recession within a year or two. However, not only has a recession not occurred, but U.S. economic growth remains stable. This has led many on Wall Street to wonder why this once-reliable indicator has proven wrong this time and whether it still signals economic danger. "So far, he hasn't predicted a recession," said Mark Zandi, chief economist at Moody's Analyt...

Ford Reports Significant Revenue Drop Due to Warranty Issues

25Jul

By Harrison Jordan LewisNo Comments

News

Ford Reports Significant Revenue Drop Due to Warranty Issues

More news - News 24 hours DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion forecast Ford shares are up about 15% this year as prices in the auto sector have remained more resilient than expected. However, as the industry-wide shift to electric vehicles proceeds more slowly than expected, the automaker has adjusted its production plans, focusing less on fully electric vehicles and more on hybrids. Most recently, Ford announced last week t...

76ers sign Paul George, secure Maxey extension, set championship aspirations

25Jul

By Harrison Jordan LewisNo Comments

Sports

76ers sign Paul George, secure Maxey extension, set championship aspirations

Related media - News 24 hours PHILADELPHIA — Tyrese Maxey was patient. Despite the uncertainty, he waited, and now the Philadelphia 76ers have rewarded him handsomely. A year ago, the 76ers asked Maxey to delay signing a contract extension, promising that it would be worth it. At the time, Maxey was not yet an All-Star and had not scored 50 points in a game. The delay allowed the team to effectively manage the salary cap, entering free agency with about $65 million to spend. This strategic move paid off when the 76ers acquired Paul George from the Los Angeles Clippers on a four-year, $212 million deal. Maxey, the NBA’s Most Improved Player, also received his due: a five-year, $204 million extension. With these signings, the 76ers have committed more than $400 million to two players t...

Maximizing Leadership Effectiveness with MindFit: The Value of Coaching for Puerto Rican Businesses

25Jul

By Harrison Jordan LewisNo Comments

Empresas

Maximizing Leadership Effectiveness with MindFit: The Value of Coaching for Puerto Rican Businesses

Guiding individuals towards leadership excellence plays a crucial role in career development and organizational progress. Through coaching, leaders enhance their ability to motivate teams, cultivate meaningful relationships, and achieve performance objectives with agility and effectiveness. The tailored, strategic, and individualized approach of leadership coaching is instrumental in unlocking an individual's full capabilities and subsequently driving a company towards success. Standing out in this field is the MindFit platform, an adaptable online platform offering comprehensive coaching services.Coaching, at its essence, relies on the premise of a guided interactive process aimed at fostering self-awareness, sharp decision-making abilities, and fostering an empowering approach to leaders...

Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook

24Jul

By Harrison Jordan LewisNo Comments

Business

Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook

More news - Latest news Federal Reserve Chairman Jerome Powell will speak at the Economic Club of Washington, D.C., on Monday, providing insights into the central bank's interest rate policy and the broader economic landscape. Powell will engage in a discussion with David Rubenstein, president of the Economic Club and co-founder of The Carlyle Group. The move marks Powell’s first public comments since Thursday’s Consumer Price Index (CPI) report, which showed monthly prices for June falling. During his two-day testimony on Capitol Hill last week, Powell said the Federal Reserve now sees the risks of rising inflation and a slowing economy as more balanced. He also said the central bank does not need to wait for inflation to hit its 2% target before considering rate cuts. The Fed’s nex...

Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue

24Jul

By Harrison Jordan LewisNo Comments

News

Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue

More news - News 24 hours Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street: YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to StreetAccountAlphabet’...

The five-year impact of the new free kick rule in football

23Jul

By Harrison Jordan LewisNo Comments

Sports

The five-year impact of the new free kick rule in football

Related media - Breaking news In the fall of 2017, free kicks began to be considered a real offensive tool. After his purchase from Benfica, it quickly became clear that Manchester City goalkeeper Ederson possessed a left leg more akin to a catapult than a human limb, capable of launching the ball 80 metres over the opposition defence to create a goal-scoring opportunity. Teams were baffled by this tactic, as they had never seen it before. City's entire attacking trio positioned themselves 20 metres beyond the opposition's goal line, confident that they could not be offside from a goal kick. @SamLee (@SamLee)"This set-up of City's free kick is brilliant. The players are spread out all over the pitch; the opposition have no idea whether the pass will be short, into the big ho...

Will the United States maintain its dominance in the Paris Olympic pools?

21Jul

By Harrison Jordan LewisNo Comments

Sports

Will the United States maintain its dominance in the Paris Olympic pools?

More news - News 24 hours For many years, the sound of "The Star-Spangled Banner" has been omnipresent in every Olympic swimming stadium. From the 1992 Games in Barcelona to the 2021 Games in Tokyo, which were postponed due to the pandemic, the U.S. swim team has won more gold medals than any other team. The last time Team USA did not win multiple golds in a single Olympics was 1988, when they finished second to East Germany. None of the current swimmers were alive then. American swimmers have dominated both the overall and gold medal standings for years, almost to the point where it has become a given. Of course, Michael Phelps' 23 gold medals in four Olympics played a significant role, but it wasn't just him. Americans have often been the best in the world in their major e...