The Federal Reserve paused its interest-rate hikes after 15 months of consecutive increases but signaled further tightening to combat inflation. The FOMC decided to maintain the federal funds rate at 5% to 5.25%, providing the committee a chance to evaluate additional data. The Fed's new dot plot shows a median projection of borrowing costs rising to 5.6% by the year-end. All 18 policymakers unan...
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Adobe $Adobe (ADBE.US)$, a leading software company, has cemented its position as a pioneer in content creation software with offerings like Photoshop and Illustrator, both part of the comprehensive Creative Cloud suite. Their portfolio caters to a variety of mediums including print, digital, and video content. They have significantly broadened their reach with the 2021 launch of Adobe Express, a lower-cost and free versio...
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Adobe $Adobe (ADBE.US)$ has increased its full-year revenue and profit outlooks, buoyed by the expected demand for its software enhanced with generative AI features. The company now projects annual sales of about $19.3 billion and an adjusted profit of up to $15.75 per share, surpassing average analysts' estimates. Adobe's strategy includes embedding gene...
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Inflation rose 4% year-over-year in May, the smallest advance since March 2021, indicating a cooling of inflation that allows the Federal Reserve to potentially pause interest rate hikes. While inflation remains above the Fed's 2% target, the central bank is expected to forgo a rate increase this week after 10 consecutive hikes. Core inflation, excluding food and energy items,...
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Etsy $Etsy Inc (ETSY.US)$ is an online marketplace specializing in unique and creative goods. With an emphasis on enhancing the buyer experience, the company is refining its search function to provide a more personalized journey through its vast array of 100 million items and 2 billion variations. By using artificial intelligence to curate searches to indi...
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Apple $Apple (AAPL.US)$ continues to innovate in the tech world, announcing its Mixed Reality (MR) headset, Vision Pro, which is touted as Apple's debut spatial computer. It’s priced at $3,499, above the speculated $3K, and is expected to generate new revenue through a set of premium apps available via its exclusive App Store. The Vision Pro will integrate with...
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Alibaba Group $Alibaba (BABA.US)$, a Chinese multinational conglomerate announced a significant restructuring plan a few months a. The company aims to divide its business into six independent units, including the Cloud Intelligence Group, the Taobao Tmall Commerce Group, the Local Services Group, Cainiao Smart Logistics, the Global Digital Commerce Group, and the Digita...
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Lululemon $Lululemon Athletica (LULU.US)$, a specialty retailer based in Vancouver, Canada, continues to exhibit strong performance and growth prospects. Known for their high-quality athletic apparel, Lululemon has experienced robust sales growth, particularly in the wake of a challenging first quarter for its peers. In 1Q, Lululemon surpassed expectations with earnings per share of $2.28,...
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Etsy $Etsy Inc (ETSY.US)$, a marketplace operator, saw a robust growth in the first quarter of 2023, with revenue reaching $640.9 million, up from $579.3 million a year earlier. Their performance was boosted by an increased transaction fee, resulting in a take rate exceeding 20% for the second time in the company's history. A key highlight is the growth in active buyers in the US marketplaces, a trend unseen ...
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Applied Materials $Applied Materials (AMAT.US)$ is a global leader in the semiconductor industry, providing key equipment across all segments. With an expansive product portfolio and an established relationship with all significant chipmakers, AMAT is an indispensable chip production player. As semiconductor fabrication grows as new technologies emerge, AMAT's extensive R&D budget empowers it to stay ahead of smaller compet...
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