MEXICO CITY, July 23 (Reuters) - Mexico's biggest retailer, Wal-Mart de Mexico, on Wednesday said its second-quarter profit doubled.
The company reported a profit of 10.418 billion pesos ($802 million) for the period from April to June, up from 5.147 billion pesos a year earlier.
($1 = 12.9865 pesos at end June) (Reporting by Elinor Comlay)
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
The high-flying sector caught a bit of gloom at the end of the week due to several discouraging developments.
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Shares of Truth Social's parent rose in another volatile session, extending a roller-coaster stretch of trading for Donald Trump's social-media startup. On Thursday, Trump Media Chief Executive Devin Nunes sent a letter to Nasdaq CEO Adena Friedman asking her to help prevent illegal naked short selling and to make sure trading firms disclose their short positions.
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w