The stock market was mostly higher on Friday after setting another round of record highs despite a sharp drop in consumer sentiment. Specifically, the preliminary consumer sentiment index for August fell to 70.2, its lowest level in a decade, versus forecasts to match the final reading of 81.2 for July. The news suggested that the Delta variant of the coronavirus was impacting consumers as most...
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The stock market was mostly higher on Wednesday following news U.S. inflation growth may have peaked. Specifically, the consumer price index increased 0.5% last month after rising 0.9% in June, the largest drop for inflation data in 15 months. This helped ease concerns about the potential for runaway inflation with the broader market and the blue-chips setting another round of record highs....
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The stock market was mostly higher on Wednesday following news U.S. inflation growth may have peaked. Specifically, the consumer price index increased 0.5% last month after rising 0.9% in June, the largest drop for inflation data in 15 months.This helped ease concerns about the potential for runaway inflation with the broader market and the blue-chips setting another round of record highs. Tech...
Continue reading >>Shares of AMD are now at $113, and still show no signs of slowing. In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion. Cash on hand is up to $3.79 billion. “Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled...
Continue reading >>AMC Entertainment Holdings cut its net loss to $344 million in the June quarter. Shares were on the rise after the movie theater firm’s results topped estimates. AMC reported on Monday a net loss of 71 cents a share, slimmer than the 94 cents a share that analysts had anticipated. It was narrower than the $1.42 per-share net loss in the first quarter, and a loss of $5.36 a share in the second...
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