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US Consumer Spending Slows
$Disney (DIS.US)$ reported better-than-expected earnings and revenue for the June quarter on Wednesday, with its streaming service turning a profit for the first time. The company also raised its full-year profit guidance. Despite positive results, shares fell over 4% due to ongoing concerns about its theme park business.
Revenue from U.S. and Canadian parks dropped 6% year-over-year to $1.35 billion, while internatio...
$Disney (DIS.US)$ reported better-than-expected earnings and revenue for the June quarter on Wednesday, with its streaming service turning a profit for the first time. The company also raised its full-year profit guidance. Despite positive results, shares fell over 4% due to ongoing concerns about its theme park business.
Revenue from U.S. and Canadian parks dropped 6% year-over-year to $1.35 billion, while internatio...
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Tesla delivered more vehicles than expected in the fourth quarter, handed over 484,507 vehicles in the last three months, beating analysts’ average estimate for 483,173 deliveries. All told for 2023, Tesla said vehicle deliveries grew 38% year over year to 1.81 million while production grew 35% YoY to 1.85 million.
While Tesla exceeded its target to deliver 1.8 million vehicles for the year, the EV maker came up well...
While Tesla exceeded its target to deliver 1.8 million vehicles for the year, the EV maker came up well...
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The week began with Q3 earnings downgrades from Wall Street Analysts, while the OIl markets still rose on war fears and the Fed signaled high...
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Weekly Buzz
The week began with Q3 earnings downgrades from Wall Street Analysts, while the OIl markets still rose on war fears and the Fed signaled high...
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102185397 : Signs of recession do not mean employment is low, and two key factors are trade deficits and diminished trade with major economies like China. So internal consumption is the only thing sustaining the economy and credit card debts are not in the trillions together with government spending. These two need to go down otherwise if any of these fell through, instability sets in and you will see ripple effects across industries that will ultimately leads to recession.