Erdemoğlu: Investment Completed at PTA Facility, Production Will Start After Technical Issues Are Resolved

Forex - Ibrahim Erdemoğlu, Chairman of Erdemoğlu Holding, stated that the investment in the PTA facility has been completed and production will begin once technic...

Mavi Revises Consolidated Revenue Growth Expectations for 2024 Downward

Foreks - Mavi has downwardly revised its consolidated revenue growth expectation for 2024. In a statement made to the Public Disclosure Platform, it was noted tha...

Australia’s Central Bank Holds Interest Rates Steady in Line with Market Expectations

Forex - The Reserve Bank of Australia (RBA) indicated that risks to inflation continue, and in line with market expectations, did not make any changes to the poli...

After-Hours Movers: Oracle, MongoDB, C3 AI, Lilly, and More

Post-Session Stock Movements:
Oracle (NYSE:ORCL) fell by 6% after its second-quarter results came in below both revenue and profit forecasts. The second-quarter...

Eli Lilly Announces $15 Billion Buyback and Dividend Increase

INDIANAPOLIS - Global pharmaceutical company Eli Lilly (NYSE: LLY) announced a significant expansion of its shareholder return program. The board approved a new $...

Oracle Earnings Fall Short with $0.01 Miss, Profit Below Expectations

According to Oracle's (NYSE: ORCL) report, the second quarter earnings per share were $1.47, which is $0.01 worse than analysts' expectations of $1.48. The profit...

Zeta Shares Drop 11% Following Omnicom's Agreement to Acquire IPG

On Monday, the stock value of AI-powered marketing cloud company Zeta Global (NYSE: ZETA) dropped by 11% following the announcement that Omnicom (NYSE: OMC) would...

Newmont Restructures, Reduces Management Roles

Newmont Corp., a leading gold mining company, has embarked on a significant restructuring process that involves the layoffs of an executive and approximately a do...

Disney Unveils Cost-Cutting and Revenue Strategies for Growth

According to reports, Disney officials highlighted the importance of ongoing cost-cutting efforts as part of their financial strategies.

The company indicated th...

BoC Expected to Cut Overnight Rate by 50 Basis Points This Week: Macquarie

The Bank of Canada (BoC) is expected to lower the Overnight interest rate by 50 basis points (bp) to potentially 3.25% at its policy meeting this week. This antic...

Sanjay Malhotra Appointed as the New Governor of RBI

The Government of India has appointed Sanjay Malhotra as the new chairman of the Reserve Bank of India (RBI).

The announcement made on Monday ended the period o...

T-Mobile Stock Plummets 6.2% Following Remarks at UBS Conference

T-Mobile shares experienced a significant intraday decline, falling by up to 6.2%, marking the largest drop since June 2023. This sharp decline occurred during th...

China's Policy Shift Boosts Stocks Exposed to the Country

On Monday, U.S. stocks with significant ties to China experienced a remarkable rally across a broad range of sectors, from materials to consumer sectors and Chine...

Central Bank Governor Karahan: The Disinflation Process is Ongoing

Forex - The President of the Central Bank of the Republic of Turkey (CBRT), Fatih Karahan, stated that the disinflation process is ongoing.

Karahan gave a prese...

Newell Rubbermaid Shares Surge on Buy Rating

On Monday, Newell Rubbermaid (NASDAQ:NWL) shares rose by over 10% following an upgrade from Truist Securities. The firm changed its stance on the company's stock ...

US Consumers Anticipate Rising Inflation, Yet Financial Outlook Improves

In a recent survey conducted by the New York Federal Reserve, U.S. consumers indicated that they expect higher inflation rates in the future. Inflation expectatio...

Google Claims Breakthrough in Quantum Computing with New Chip

On Monday, Google announced a significant advancement in quantum computing technology. The company's latest quantum chip, named Willow, solved a mathematical prob...

SAP to Lay Off One in Seven Employees in Germany - Report

The German software giant SAP is currently undergoing a significant workforce reduction process. According to reports, approximately 3,500 of its 25,000 employees...

Comcast Shares Decline Due to Projected Subscriber Losses at Investor Event

On Monday, Comcast Corporation's stock value fell by 6% following announcements made during an investor event. The company's President and CEO of Comcast Cable, D...

MARKET OUTLOOK - Stock Market Closed on a Positive Note

Foreks - The BIST 100 index has recorded a positive closing for the last 9 trading days, including today. The index closed today with an increase of 176.39 points...

AppLovin and Trade Desk Stocks Decline After Exclusion from S&P 500

On Monday, AppLovin (NASDAQ:APP) and The Trade Desk Inc. (NASDAQ:TTD) shares fell following the announcement that the companies would not be included in the lates...