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iPhone Shipments Drop By 10%, Get Overtaken By Samsung as World’s Largest Phone Seller

2024 is shaping up to be a challenging year for tech giant Apple. The company saw its iPhone shipments drop by almost 10% in the first quarter, allowing Samsung to once again claim the spot as the world’s largest...

Fed Chairman Jerome Powell Says There Will Be No Interest Rate Cuts Soon

There has been an overwhelming optimism among investors that the Federal Reserve is done with its interest rate hikes, as recent stock market trends show. Some even believed that interest rate cuts could follow soon. However, that won't be...

Disney’s CEO Bob Iger Plans to Leave in 2026, Says Company is Looking for His Successor

Disney’s CEO, Bob Iger, will step down from his role with the company after his contract expires in 2026. Iger confirmed this during a recent appearance at the DealBook Summit. Iger initially took over as CEO of Disney in 2005...

Microstrategy Stock Reaches Two-Year-High Thanks to Surging Bitcoin Prices

Michael Saylor must be feeling quite good at the moment. The famous cryptocurrency bull has seen the stock of his company Microstrategy reach a two-year-high at the end of last week, thanks to surging Bitcoin prices. Under Saylor’s guidance, Microstrategy...

Dollar Tree Stock Tumbles 13% on Soft Annual Forecast

Discount store chain Dollar Tree beat Wall Street analysts’ expectations with its second-quarter earnings but seems less optimistic about its ability to do it for the whole year. This caused its stock to tumble close to 13% on Thursday. Dollar...

Abercrombie & Fitch Raises Annual Sales Forecast After Positive Q2 Earnings

Retailer Abercrombie & Fitch surprised more than a few people with its second-quarter earnings that easily beat Wall Street analysts’ expectations. The company also doesn’t expect its business will slow down anytime soon, having raised its annual sales forecast. Analysts...

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