Wed, May 25, 2022 10:02 PM
Bata India net profit zooms over two-fold to Rs 63 cr in Q4
A Flip by Moushumi
Jp Morgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices.In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for longer.
Open Flip
ExxonMobil is nowhere close to holding the kind of market power its Standard Oil ancestor enjoyed back in the day, but it certainly is cementing its lead over supermajor peers.On Friday, Exxon reported that first-quarter earnings were down 28% compared with a year earlier, driven by lower natural gas prices and refining margins. Earnings were 6.4% lower than what analysts polled by Visible Alpha.
Open Flip
Last year was pretty spectacular for Royal Caribbean Cruises (NYSE: RCL) investors. The popular cruise line operator saw its shares more than double up 162% last year. Hot stocks rarely repeat the feat, and to be fair, Royal Caribbean is only up 6% in 2024 through Thursday's close. Just give it some time to find its sea legs again.
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