Thu, Aug 8, 2024 1:44 PM
MRF Q1 Results: Stock surges 5% after margins beat estimates
A Flip by Shubhangi Gupta
Japan's Nikkei share average fell for a sixth straight session on Tuesday as investors exercised caution ahead of the U.S. inflation report and the Federal Reserve's policy decision. The Nikkei ended 0.16% lower at 36,159.16. The index rose as much as 0.9% earlier in the session as investors scooped up cheaper stocks after recent sell-offs.
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Egypt’s inflation quickened after a reduction in fuel subsidies, disrupting a five-month streak of deceleration that was paving the way for the first interest-rate cut since 2020. Annual consumer prices in urban parts of the North African country rose 26.2% in August compared with 25.7% in July, state statistics agency CAPMAS said Tuesday.
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Telehealth company Hims & Hers Health (NYSE: HIMS) has been great for investors this year by almost any standard; share prices have nearly doubled from a year ago. Yet shareholders aren't feeling the joy. The stock is down nearly 45% since peaking in June, and the negative momentum is weighing on investors. The market is suddenly questioning whether the company can succeed.
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