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Featured AlphaTack Intel Article
Iran’s Unused Oil Storage Shrinks to 22 Days or Less, Kpler Says
Iran is rapidly running out of places to store crude oil, threatening to accelerate production cuts in what was once OPEC’s second-largest source, according to research firm Kpler. The Islamic Republic has enough unused storage capacity to last another 12 to 22 days,...
– AlphaTack Intel Articles –
P&G Sales Miss Estimates as Price Increases Finally Slow Down
CFO says company used promotions to bolster a new Tide product Organic sales increased at the slowest pace in six years Procter & Gamble Co. shares fell the most in more than four years after quarterly sales missed analysts’ projections as the maker of Pampers...
Chinese EVs Nab Record 11% Share in Europe Ahead of Tariffs
SAIC fills dealer lots with MG4 model to beat duty deadline BYD gains customer traction with Euro 2024 marketing push Chinese brands captured 11% of the European electric-car market in June, notching record registrations as manufacturers raced to beat stiff European...
McDonald’s Aims to Blunt First Sales Dip Since 2020 With $5 Deal
CFO says sales trends remain negative in current quarter US $5 value meal deal launched in final week of quarter McDonald’s Corp. investors shrugged off the burger chain’s first sales drop in four years as executives pledged to launch new promotions to help stem a...
McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash
They're not lovin' it. McDonald's global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options. The company said it's working on fixes, like meal deals and new menu...
Hedge Funds Selling Industrials at a Record Pace, Goldman Says
Concerns on US trade tariffs lead to wariness on the sector Selling points to ‘capitulatory behavior’ in sector: Goldman Hedge funds are rapidly unwinding their bets in industrials stocks, and rotating into the corners of the market exposed to commodities, such as...
China Investors Pile Into Saudi ETFs as Two Nations Grow Closer
Both ETFs trade at sizable premiums to their net asset values Saudi ETFs have competitive advantage in yields: Guotai Junan Chinese investors are pouring money into two new exchange-traded funds tracking Saudi Arabian shares as the dismal performance of local equities...