Inflation for June continued the trend of slowing inflation from earlier months as CPI inflation fell 0.1% from May and rose just 3% annually. Both figures beat expectations of an increase of 0.1% and a rise of 3.1%. Additionally, the monthly decline is the first in 4 years and annual inflation is at its slowest […]

With many companies’ quarterly earnings coming out this week and in the following ones, they’ll certainly be featured prominently in Phi Fiscal. One sector of note that reported its earnings this week is the financial sector, with companies like JP Morgan Chase, Bank of America, Goldman Sachs, Blackrock, etc reporting their earnings. Here’s a highlight

The automotive industry, a major contributor to US GDP, seems to have struggled in Q2 based on company earnings, some of which are featured below.   Tesla, the highest valued car company, has been experiencing a prolonged struggle due to increased competition and slowing EV demand. Things only seem to have gotten worse this quarter

Since earnings season is upon us, many major companies have reported their earnings. Of particular prominence has been the earnings of the tech industry and how AI has seemingly inflated the value of some of these tech firms, some of which are featured below.   Alphabet’s earnings narrowly beat expectations for revenue and net income,

Live Nation, the company behind Ticketmaster that controls 70% of all ticket sales at large venues, has been under public ire for several years now for its anti competitive behavior and role in increasing ticket prices for consumers.   In response, the Justice Department and 29 state attorney generals have filed a lawsuit against Live

Amid the recent AI boom, there have been many winners. Nvidia, as if it weren’t clear from the first story, has been the most obvious benefactor, but many other companies in the AI supply chain have benefited too. One example, among many, has been South Korean SK Hynix, which produces high-bandwidth memory(HBM) chips used in

Since the start of the AI boom, Nvidia has seen tremendous growth since its products are at the epicenter of AI. This fact was reaffirmed earlier this week during Nvidia’s quarterly earnings, which had some stunning statistics like…   Quarterly revenue of $26 billion, 262% higher than its Q1 revenue in 2023 and also significantly

Soon, many Walgreens stores are likely to disappear as Walgreens announced on Thursday that a “significant” number of its 8,600 stores will be closed to improve Walgreens’ position. Among these, the 25% that are unprofitable will likely be first on the chopping block, which means several hundred or perhaps even over a thousand stores could

The European Union’s Digital Markets Act, a piece of legislation preventing major technology companies from cornering their markets passed in 2022, has found its first victim: Apple. The EU has said Apple is in violation of the DMA because Apple prevents app developers from steering consumers to alternative channels, allowing Apple to maintain control of

In 2018, a series of Tesla performance targets regarding share price and revenue goals were created for Elon Musk, with every target giving Musk the option to purchase Tesla Shares at $23 a share. In 2024, many of these performance targets have been achieved, which if undisrupted would allow Musk to purchase 303 million shares