Diageo initiates restructuring with job cuts and cost reductions to improve profitability amid declining U.S. alcohol sales. Diageo’s new CEO, Dave Lewis, is executing deep cost cuts and restructuring measures to bolster profitability as U.S. sales weaken. The moves mirror
XAU/USD falls after the Federal Reserve keeps rates steady but projects a higher terminal rate and elevated inflation. Gold prices retreated after the Federal Reserve maintained its benchmark rate at 3.50% to 3.75% but signaled a more hawkish stance in its latest projectio
Jabil expects AI-driven revenue growth to sustain into FY 2027, supporting operating margins above 6%. Jabil Inc. projected its core operating margin will exceed 6% in fiscal year 2027, driven by continued growth in AI-related revenue. The company cited strong demand and e
The Federal Reserve held rates steady and removed language signaling potential cuts, signaling a shift in policy outlook. The Federal Reserve kept its benchmark interest rate unchanged at 3.5%-3.75% following its latest policy meeting, marking the fourth consecutive hold.
The Federal Reserve removed language on future rate moves and emphasized inflation monitoring in its latest policy update. The Federal Reserve revised its June policy statement, removing forward guidance on potential rate adjustments and eliminating references to maintaini
Federal Reserve officials project no interest rate reductions in 2026, reflecting persistent inflation concerns and a higher-for-longer policy stance. The Federal Reserve’s latest Summary of Economic Projections shows policymakers now expect no interest rate cuts in 2026,
The Federal Reserve holds rates steady in a unanimous vote, citing solid economic growth and persistent inflation above its 2% target. The Federal Reserve maintained its federal funds rate target range at 3.50%-3.75% following a unanimous 12-0 vote. The decision aligns wit
The Federal Reserve kept its benchmark rate unchanged at the June meeting, citing solid economic growth but persistent inflation pressures. The Federal Open Market Committee voted unanimously to leave the federal funds rate at 3.5% to 3.75% on June 17, 2026, prioritizing i
Edge AI demand and earnings strength drive upgrades for Sandisk and IBM, while Micron faces downgrades due to oversupply concerns. Analysts upgraded Sandisk (SNDK) and IBM (IBM) citing strong demand for edge AI and consistent earnings performance. Sandisk is expected to be
The fund's distribution climbs 8.4% week-over-week, reflecting an annualized yield of 70.55% and SEC yield of 2.09%. YieldMax’s RDYY ETF increased its weekly distribution to $0.2917, up 8.4% from the prior week’s $0.2691. The move lifts the fund’s annualized distribution r
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