Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon's stock experienced a 7% increase last week following the release of its third-quarter report. The company's revenue surged by 13% year over year, reaching $143.1 billion, surpassing analysts' expectations by $1.5 billion. Notably, its net income more than tripled, reaching $9.9 billion, equivalent to $0.94 per share, which exceeded the consensus forecast by $0.34. While Amazon continues to grow, questions arise about its suitability as an investment,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bank of America recently announced its third-quarter results, surpassing expectations on Wall Street. The company reported revenues of $25.2 billion, marking a 3% increase compared to the previous year, while diluted earnings per share saw an 11% rise to reach $0.90. However, the stock has not performed well in recent times. It has experienced a 22% decline in 2023, which is disappointing when compared to the S&P 500's 8% gain and the 2.5% increase seen in rival...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Unemployment Rate for the third quarter came in at 3.9%. Economists predicted an Unemployment Rate of 3.9%. Forex traders can compare this to the Unemployment Rate for the second quarter, reported at 3.6%. The Employment Change for the third quarter decreased by 0.2%. Economists predicted an increase of 0.4%. Forex traders can compare this to the Employment Change for the second quarter, which expanded by 1.0% quarterly. The Participation Rate for the third...
Source: PaxForex Premium Analytics Portal, Fundamental Insight French Consumer Spending for September increased by 0.2% monthly. Economists predicted a rise of 0.4%. Forex traders can compare this to French Consumer Spending for August, which dropped 0.6% monthly. The Preliminary French GDP for the third quarter increased by 0.1% quarterly and 0.7% annualized. Forex traders can compare this to the fourth quarter GDP, which rose 0.6% quarterly and 1.2% annualized. The German Import Price Index for September rose 1.6% monthly and plunged 14...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In July, Disney CEO Bob Iger made headlines when he announced the company's intention to divest non-core assets, potentially including its linear TV businesses such as ABC, a major broadcasting network, along with various properties like local television affiliates, cable networks, and international networks. While ESPN remained excluded from the sale, Iger expressed openness to adding new minority partners to the sports media empire, of which Hearst owns a 20% stake....