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PepsiCo’s Q2 2024 Shows 0.8% Year-Over-Year Revenue Growth, EPS Beat

PepsiCo’s Q2 2024 Shows 0.8% Year-Over-Year Revenue Growth, EPS Beat

Image Source: Pixabay  PepsiCo, Inc. (Nasdaq: PEP) has released its results for the second quarter of 2024, showcasing a mixed performance across various segments. The company reported a net revenue of $22.5 billion, a slight increase from the $22.3 billion reported in the same quarter last year. This represents a 0.8% year-over-year growth in net revenue.The company […]
Thoughts For Thursday: Fed Expectations Continue To Push Market Higher

Thoughts For Thursday: Fed Expectations Continue To Push Market Higher

Despite war dangers in Ukraine, the Middle East and saber-rattling by Russia and China, markets seem unfazed and seem focused on expectations of a Fed rate cut in September, as well as positive earnings, perhaps. depositphotos Wednesday the S&P 500 closed at 5,634, up 57 points, the Dow closed at 39,721, up 429 points and the Nasdaq Composite […]
Today’s Battle: Soft US CPI Vs, Stretched Momentum Indicators And Two Fed Cuts Discounted

Today’s Battle: Soft US CPI Vs, Stretched Momentum Indicators And Two Fed Cuts Discounted

Image Source: Pexels  Overview: The focus today is on the US CPI report. Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly give it time to cut again before the end of the year. The dollar is trading with a softer bias against most of the G10 currencies. […]
Asian Stock: Telekom Malaysia

Asian Stock: Telekom Malaysia

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Telekom Malaysia BerhadBloomberg ticker: T MKMarket cap: US$4,921mBackground: Telekom Malaysia Berhad is a Malaysian telecom company. Established in 1984, T started as the national telecommunications company for fixed-line, radio, and television broadcasting services. The company has evolved […]
Compound Finance confirms hack, warns users of phishing from website

Compound Finance confirms hack, warns users of phishing from website

Key Takeaways Compound Finance’s primary domain was hijacked, and currently redirects to a phishing site. Despite the website compromise, Compound protocol and smart contract funds remain secure. Compound Labs issued an urgent warning via its official X account at 5:15 AM EDT on July 11, confirming that a hack on their compound[.]finance site has occurred.Compound […]
Daily Market Outlook – Thursday, July 11

Daily Market Outlook – Thursday, July 11

Image Source: Unsplash  Ahead of the expected US consumer pricing data on Thursday, Asian stocks saw an increase, driven by a surge in the world’s largest tech companies, leading to record highs in global shares.China, Australia, and Japan all experienced stock market gains on Wednesday following a positive session on Wall Street. The decline of the […]
EUR/USD Forecast: Euro Continues To Look For Her Direction

EUR/USD Forecast: Euro Continues To Look For Her Direction

It’s obvious that the EUR/USD currency pair has no idea what to do with itself. This makes a lot of sense, considering that we get a lot of major inflation news over the next couple of days. We get the Consumer Price Index numbers on Thursday, followed by the Producer Price Index numbers on Friday. With that […]
Japanese Yen Faces Continued Decline Amid Interest Rate Differentials

Japanese Yen Faces Continued Decline Amid Interest Rate Differentials

Image Source: Pixabay  The USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and the Federal Reserve.Earlier this year, the BoJ abandoned its longstanding negative interest rate policy, adjusting […]
Can BTC Still Make A New ATH In July? Rollblock Certain To Make New High As BNB Holders Love Revenue Share

Can BTC Still Make A New ATH In July? Rollblock Certain To Make New High As BNB Holders Love Revenue Share

All eyes have been set on Bitcoin’s performance in the past few days. The crypto community held its breath as BTC broke through the $60,000 support after months of testing the level. Although the picture looks bearish, some analysts believe the market could recover in Q3.Meanwhile, as investors become increasingly frustrated with the lack of […]
Forex: All Eyes Are On Service Inflation

Forex: All Eyes Are On Service Inflation

The 10-year US Treasury yield has settled back in the 4.25% to 4.30% range, but USD/JPY continues its upward trajectory, driven by carry trade enthusiasm.The market is looking for an excuse to push US yields lower and keep the S&P 500 rally wagon rolling; Tonight’s CPI report will be pivotal in determining if this happens.All […]