Red alert as Rolls-Royce share price forms bearish divergence
Rolls-Royce (LON: RR) share price continued its strong parabolic move this week, soaring to a record high of 530p. It has risen in the past four consecutive days, bringing the…
GE Aviation stock gets overbought and overvalued: is it a buy?
The General Electric (NYSE: GE) stock price is firing on all cylinder this year as the transformation under Lawrence Culp continued. It has jumped by over 47% this year, outperforming…
GE Vernova stock soared to a record high: brace for a pullback
GE Vernova (NYSE: GEV) stock price has done well as an independently traded company. It has surged for three consecutive weeks, reaching a record high of $254, which is about…
I’d avoid SLB and Baker Hughes and buy Weatherford stock
The energy industry has come into the spotlight recently as crude oil and natural gas prices have retreated. Most oil stocks have pulled back as investors have embraced the new…
Eurozone business activity contracts in September, raising recession fears
Eurozone business activity unexpectedly contracted in September, signaling deepening troubles in both the services and manufacturing sectors. The region’s Purchasing Managers’ Index (PMI), compiled by S&P Global, plummeted to 48.9…
Mexico’s economic growth surges 3.8% in July, boosted by agricultural and services sectors
Mexico’s economic activity rebounded strongly in July, posting a notable 3.8% growth compared to the same month last year. This sharp recovery follows a disappointing 0.6% decline in June, exceeding…
German Chancellor Scholz calls UniCredit’s moves on Commerzbank ‘unfriendly’
The potential takeover of Germany’s Commerzbank by Italy’s UniCredit has ignited a fierce political and economic debate, with German Chancellor Olaf Scholz coming out firmly against the deal. As UniCredit…
China to recapitalize major banks as profits sink and bad debt rises
In a significant move to address mounting financial pressures, China has announced plans to recapitalize its largest commercial banks for the first time in over a decade. The initiative is…
Geopolitics more crucial than interest rates in Japan and US, says JPMorgan CEO
Geopolitics currently holds the highest risk and is more important for mankind than interest rates in Japan and the United States, JPMorgan CEO Jamie Dimon said in an interview. Speaking…
Byju’s loses appeal over $1.2 billion loan default as Delaware Supreme Court upholds ruling
Byju’s, the embattled Indian education technology company, suffered another significant setback on September 23 when the Delaware Supreme Court upheld a ruling that declared the company in default on its…