Category: disappoint
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Preview: Why August non-farm payrolls frequently disappoint
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Consensus estimate: +160K vs. +175K previously (range: +100K to +246K) July was +114k Special consensus +139k vs. +148k previously Unemployment rate estimated at 4.2% vs. 4.3% previously Previous participation rate 62.6% Previous underemployment U6 7.8% v Average hourly earnings on an annual basis expected +3.7% vs. +3.7% previously Average hourly…
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Stocks Lose Steam as US Housing Data Disappoint: Markets Wrap
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(Bloomberg) — Stocks lost ground at the end of a strong week after a disappointing reading on the housing market, as traders awaited data on U.S. consumer sentiment. Most Read from Bloomberg Stocks fell in early trading in New York, with the S&P 500 set to end a six-day winning…
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Shimmick shares plunge 31% as Q2 results disappoint By Investing.com
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NEW YORK — Shares of Chemec Corporation (NASDAQ:CHEM) plunged 31% Friday after the water infrastructure company reported disappointing second-quarter results and gave weak guidance. Chemec reported a second-quarter adjusted loss of $1.60 per share, well above analysts’ expectations of $0.12 per share. Revenue was $91 million, well below the consensus…
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Tech Giants’ Earnings Disappoint. Wall Street Ends Deep Red
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U.S. stocks fell on Wednesday, led by a selloff in technology stocks after disappointing earnings reports from Alphabet Inc., the parent company of Google, and electric carmaker Tesla Inc. The weak start to the earnings season for major companies raised concerns about the recent surge in stock prices driven by…
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SK On is said to declare ‘emergency’ as EV sales disappoint (NYSE:F)
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Just excellent South Korean electric vehicle battery maker SK ON said it is in a crisis as its customers face weak electric vehicle sales in Europe and the United States, the Financial Times reported on Sunday. CEO Lee Suk Hee The company plans to cut costs as part of “emergency…
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Asia FX weakens as China PMIs disappoint; Dollar steady before PCE data By Investing.com
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Investing.com — Most Asian currencies fell on Friday, with China’s yuan heading back towards six-month lows after disappointing business activity readings, while the dollar steadied in anticipation of key inflation data. Regional currencies also remained under pressure amid lingering concerns about US interest rates rising for longer, as hawkish comments…