economic · economic

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Hertz Tumbles on Q2 Miss; FedEx Falls on Profit Margin Decline | Stock Movers

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On this episode of Stock Movers with Alexis Christoforous: - Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million. - FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds." - Hertz (HTZ) shares are tumbling after the rental car company reported preliminary second-quarter adjusted corporate Ebitda that missed the average analyst estimate. Additionally, Hertz filed to offer $100 million of stock, lent to JPMorgan via a share lending agreement. The company won’t receive any proceeds from the sale of borrowed shares. (Source: Bloomberg)

11 days ago

economic · economic

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'Genocide': UN report says Israel 'deliberately killed Palestinian children'

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PRESS REVIEW – Wednesday, June 24: Papers discuss the newest UN report that says Israel targeted and killed Palestinian children after the truce. Next: more than 40 people have drowned amid the heatwave in France. Also: France's national team coach Didier Deschamps will skip an important game following the death of his mother. Finally, we take a look at the world's loudest man.

13 days ago

economic · economic

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Nominal GDP growth could fuel largecap recovery; pharma, auto ancillaries remain preferred bets: Shreyash Devalkar

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Indian stock markets are defying foreign investor caution, driven by resilient June-quarter earnings. Companies are navigating geopolitical and inflation challenges better than expected, with a focus shifting to corporate performance. Experts see potential for large-cap stocks to catch up as nominal GDP growth improves, while sectors like IT require stronger growth triggers. Auto ancillaries and pharma remain preferred investment avenues, though defence valuations demand caution amid a positive long-term outlook.

14 days ago