Canva Operating profit represents income from a company’s normal business activities before deducting interest expenses and taxes. What Is Operating Income? Operating income is the amount of money that remains after operating expenses and cost Read more…
Wells Fargo posts fourth-quarter earnings that handily beat analysts’ forecasts amid broader improvement in the economy and net reserves. Wells Fargo (WFC) – Get Wells Fargo & Company Report on Friday posted fourth-quarter earnings that handily Read more…
GBPJPY is consolidating between the 156.00 handle and the 157.84 level, which is the 161.8% Fibonacci extension of the down leg from 144.94 until 124.00. The simple moving averages (SMAs) are reflecting a fragile neutral-to-bullish Read more…
“Unprecedented M&A activity”, as well as the release of $1.8 billion in provisions set aside for bad loans, helped JPMorgan top the Street’s Q4 earnings forecast. Updated at 7:20 am EST JPMorgan Chase (JPM) – Read more…
The UK economy contracted over 9% in 2020 owing to the pandemic, which was one of the largest economic contractions in the developed world. After solid growth in 2021, the UK economy is finally larger Read more…
The Japanese yen continues to roll, with gains for a third successive day. USD/JPY has fallen below the 114 line and is now at its lowest level since December 21st. The yen has enjoyed an Read more…
The USD remains bearish after US CPI figures this week that came out around expectations, while PPI yesterday increased by 0.2%, less than expected. The dollar is down even after some weakness on stocks yesterday Read more…
The once-popular clothing retailer that has struggled to regain its cool factor launches NFTs of its iconic hoodies in what is becoming the marketing play of the ’20s. Gap (GPS) – Get Gap, Inc. Report wants Read more…
Macau, the world’s largest gaming hub, will cap the number of casino operator licenses at six, while boosting local ownership requirements, when it auctions new permissions later this year. Las Vegas Sands (LVS) – Get Read more…
Stock futures edge higher with bank earnings and retail sales in focus; U.S. casino shares surge as Macau clarifies gaming license rules; Tesla Cybertruck could be delayed until 2023, Reuters reports; President Biden proposes historically Read more…