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McDonald’s has reported its first quarterly sales decline since 2020, with a 1% drop in global sales for the second quarter of 2024. The fast-food giant’s revenue totaled just under $6.5 billion, slightly below the same period last year and missing market expectations. This decline marks a significant shift, as the company had previously managed to increase sales despite rising inflation. In the United States, sales decreased by…
The eurozone’s economy is showing signs of recovery following last year’s contraction. According to a preliminary estimate from the statistical office Eurostat, the economy grew by 0.3 percent in the second quarter. However, there are significant disparities among the member countries. Despite the overall growth figure indicating a recovery for the eurozone, individual countries’ performances vary greatly. This was evident from the economic data released earlier today from…
In the second quarter of 2023, Tesla reported mixed financial results, with key highlights indicating both challenges and areas of robust growth. Tesla’s net income for Q2 stood at nearly $1.5 billion, marking a significant decrease of 45% from the same period last year, although it was an improvement over the $1.1 billion in the first quarter. The decline in net profit was influenced by decreased revenues from…
After nearly seventeen years of consistent losses, Spotify has marked a significant turnaround by reporting profits for the second consecutive quarter. The recent price increases and corporate restructuring efforts appear to be paying off. Spotify now boasts a global user base of 626 million, an increase of 75 million listeners compared to the first quarter of the previous year. The number of premium subscribers, who provide a higher…
The Commitments of Traders (COT) report issued on July 19, 2024, paints a vivid picture of the diverse strategies adopted by key market participants. In an era characterized by economic uncertainty and fluctuating markets, the insights gleaned from the COT report provide invaluable understanding of the underlying forces shaping the trading landscape. The narrative of the gold market is one of pronounced optimism among large speculators. These traders,…
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