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What a huge two weeks with US Economic data and 278 of the 500 S&P500 stock reporting this week, while the US Presidential election and Fed Funds rate will be the focus next week. Economic data In terms of economic data, the two major numbers reported on Wednesday were both softer than consensus with JOLTs

Macquarie Group (ASX:MQG), a global financial services provider known for its diverse operations across asset management, banking, and commodities markets, has announced a 14% year-on-year increase in half-year net profit after tax to $1.61bn for the period ending 30 September 2024, driven largely by higher performance fees in Macquarie Asset Management (MAM) and further digitalisation

Amazon.com reported third-quarter earnings after market close today. They have exceeded market expectations, driven by strong performances in the company’s cloud computing and advertising divisions. The company announced earnings per share (EPS) of US$1.14, a 34% increase from the same period last year, surpassing the consensus estimate of US$1.12. Total revenue reached US$157.3bn, marking a

The European Commission has fined Teva Pharmaceuticals €462.6m (US$503m) for abusing its dominant market position by blocking competition to its multiple sclerosis drug, Copaxone. This case is the largest antitrust fine imposed on a pharmaceutical company in recent years, surpassing a €288m fine against Servier in 2014.  According to the commission, Teva misused the patent

Uber Technologies reported its third-quarter 2024 financial results on 31 October, showing a 20% year-over-year revenue increase to US$11.2bn, above analyst expectations of US$10.98bn. The company achieved a record operating profit of US$1.06bn, marking a significant step in its path to sustained profitability. Gross bookings grew by 16% to US$41bn, slightly below the anticipated US$41.3bn.

Apple released its fiscal fourth-quarter 2024 results on 31 October, marking a 6% year-over-year revenue increase to US$94.9bn, which slightly exceeded analyst expectations of US$94.4bn. The company reported diluted earnings per share of US$0.97, or US$1.64 when adjusted for a one-time tax charge, surpassing the expected US$1.60. A highlight of the results was the iPhone

Stocks declined on Thursday as Wall Street processed disappointing quarterly results from major tech companies and braced for additional earnings reports. The S&P 500 fell 1.86 per cent, closing at 5,705.45, while the Nasdaq Composite dropped 2.76 per cent to end at 18,095.15. Both indexes recorded their largest single-day losses since September 3. The Dow

Electro Optic Systems Holdings Limited (ASX:EOS) presented an optimistic third-quarter update for 2024, showcasing recent contract wins, strong cash inflow, and significant advancements in manufacturing. Based in Canberra, EOS operates primarily in defence, space, and communications, focusing on high-tech solutions for government and military clients globally. The company is known for its advanced weapon systems,