Ghana’s cocoa harvest is almost complete
Key points: Ghana’s cocoa production was 429,323 metric tons, less than 55% of the annual average. The decline is due to unfavor…
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Morgan Stanley’s trading profits rise
Key points: Institutional securities trading revenues rose 23% to $7 billion. Investment banking revenues jumped 51% to $1.62 billion.…
Goldman Sachs profit exceeds forecasts
Key points: Earnings in the second quarter of 2024: More than double last year, beating analysts’ expectations. Reorientation to…
European markets opened lower
Key points: The pan-European Stoxx 600 index fell 0.5%, with the biggest declines in the mining (-0.97%) and auto (-0.9%) sectors. Wor…
Investors react to the Trump incident
Key points: On Saturday, Donald Trump was shot in the ear at a campaign rally in Pennsylvania in what the FBI considered an assassinat…
Citigroup beats earnings expectations
Key points: Citigroup beat analysts’ earnings expectations in the second quarter, reporting net income of $1.52 per share. Reven…
Stocks rise ahead of inflation data
Key points: The S&P 500 and Nasdaq Composite indices reached new record highs amid gains in technology stocks and the release of p…
PepsiCo earnings disappoint investors
Key points: PepsiCo’s quarterly revenue came in below expectations, rising 0.8% to $22.50 billion. Organic growth is expected to…