A New Bull Market Became Official in June, But It Looks a Little Wobbly In early June, the S&P 500 index closed 20% above its October 2022 bottom, marking the official start of a new bull market. However, despite the summer rally, many market experts remain skeptical about the sustainability and strength of this new […]
A New Bull Market Emerges, but Challenges Cast Doubt on its Stability Read More »
Summary: U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter of 2023, citing a significant drop in the price of natural gas liquids. The decrease in margins was also affected by lower revenues on the company’s EFS Midstream System and decreased volumes on its propylene and octane enhancement business.
Enterprise Products Partners Faces Challenges in Q2 as Margins Tighten Read More »
Caterpillar’s Sales Surge as Construction Booms Summary: Caterpillar, the global heavy equipment manufacturer, has reported strong sales and earnings for the second quarter of 2023, as the construction industry continues to flourish. The company’s revenue rose by 23% to $15.4 billion, beating analysts’ expectations. This impressive performance can be attributed to increased demand for construction
Construction Boom Drives Caterpillar’s Sales Surge Read More »
Summary: Intel recently reported its second-quarter earnings, with revenue declining 15% year over year but still exceeding analysts’ expectations. The chipmaker’s sales and profits have been shrinking, but there are signs of a cyclical turnaround. In Q2, Intel saw improvements in its client-computing group (CCG), data center and artificial intelligence (DCAI) group, and network and
Analyzing Intel’s Prospects: Where Will Intel Stock Be in 1 Year? Read More »
The stock market is defying all odds as it continues to rally, despite facing challenges such as Federal Reserve rate hikes, geopolitical tensions, and a slowdown in consumer spending. Even the most pessimistic voices in the industry are being forced to revise their outlook, including Morgan Stanley’s Mike Wilson, who has been ranked the best
The Bank of Korea (BOK) has recently announced a series of reforms to its standing lending facility, aiming to strengthen its role as a liquidity backstop and enhance the stability of South Korea’s financial system. Under the new measures, the BOK’s monetary policy board has decided to lower lending rates for loans taken out from
Bank of Korea Implements Reforms to Strengthen Liquidity Support and Financial Stability Read More »