Category: disappoints
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Government’s January surplus disappoints at £15.4bn, piling pressure on Chancellor
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The government published a smaller surplus than expected at a value of 15.4 billion pounds in January, which is less than the expectations of economists of 21 billion pounds and 19 billion pounds by the budget responsibility office (OBR). January data is usually enhanced by self -evaluation tax payments; However,…
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UK economy struggles to gain momentum as GDP growth disappoints at 0.1%
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The UK economy grew by just 0.1 per cent in November, below expectations of 0.2 per cent, according to the Office for National Statistics (ONS). The weak figure, announced on Friday, highlights the continuing weakness in Britain’s recovery, as the new Labor government faces stubborn inflation, tepid consumer confidence, and…
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Australia’s GDP Growth Disappoints as Households Hunker Down
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Breadcrumb links BMN Business Australian economic growth remained sluggish in the three months to September, as higher government spending helped overcome weak exports and restrained consumer demand. Article writer: Bloomberg News Swati Pandey Published on December 3, 2024 • 2 min read You can save this article by registering for…
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Asian Stocks Fall as China Support Disappoints: Markets Wrap
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(Bloomberg) — Asian stocks fell after China’s planned debt swap program appeared inadequate to some investors and data showed continuing deflationary pressures. Most read from Bloomberg The region’s stock index fell more than 1% on Monday, with Hong Kong and mainland Chinese stocks falling in early trading. Standards have also…
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Tesla stock sinks 7% after Elon Musk’s robotaxi reveal disappoints investors
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Tesla (TSLA) The stock fell during morning trading on Friday, after The long-awaited unveiling of the Robotaxi Failed to convince investors. Shares of the electric car maker were down about 7.5% on Friday morning after falling about 6% during pre-market trading. Its shares closed down about 1% on Thursday before…
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Tesla stock sinks 7% after Elon Musk’s robotaxi reveal disappoints investors
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Tesla (TSLA) The stock fell during morning trading on Friday, after The long-awaited unveiling of the Robotaxi Failed to convince investors. Shares of the electric car maker were down about 7.5% on Friday morning after falling about 6% during pre-market trading. Its shares closed down about 1% on Thursday before…
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US stocks gain after healthy growth data; Nvidia’s guidance disappoints By Investing.com
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U.S. stocks rose on Thursday after stronger-than-expected growth data eased concerns about a sharp slowdown in the U.S. economy. At 09:40 ET (13:40 GMT), the S&P 500 was up about 100 points, or 0.2%, gaining 17 points, or 0.3%, and up 135 points, or 0.8%. GDP growth eases hard landing…
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Amazon stock tumbles 8% as profit, revenue outlook disappoints
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Amazon (AMZN) stock fell 8% in afternoon trading Friday after the retail and cloud giant delivered current-quarter forecasts on Thursday that missed expectations on both the top and bottom lines. The disappointing returns were compounded by a weak July jobs report, which sent the tech world and the broader market…
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Ford profit disappoints, stock falls 11% as quality issues dog automaker By Reuters
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By Nora Eckert and Nathan Gomez (Reuters) – Ford Motor Co reported a drop in second-quarter adjusted profit on Wednesday as the automaker continued to grapple with costly quality issues and an electric vehicle business that weighed on its bottom line, sending shares down 11% in after-hours trading. The Detroit…
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Netflix adds 8 million subscribers, disappoints on revenue outlook
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Netflix (NFLX) reported second-quarter earnings on Thursday, initially sending the stock down 6% in after-hours trading after the streaming giant’s revenue forecast fell short of Wall Street’s expectations for the current quarter. But shares rebounded during the earnings call as investors digested another subscriber gain of more than 8 million…
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United Airlines Q3 profit outlook disappoints amid industrywide discounting pressure By Reuters
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By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday forecast lower-than-expected profit in the current quarter as the industry grapples with a surplus of seat capacity in the domestic market that has undermined airlines’ pricing power. The Chicago-based airline expects adjusted earnings of $2.75 to $3.25…
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Commodity Roundup: Oil ticks lower as China’s factory output disappoints, gold down
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Energy markets fell on Monday at the start of a holiday-shortened week, following the biggest weekly gain for crude oil in nearly two months, as traders assessed the demand situation and factory production data in China, while the escalating crisis in the Red Sea was on the verge of collapse.…
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Microsoft initiated at Buy, set for growth even if AI disappoints: New Street Research
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David Ramos/Getty Images News Microsoft (NASDAQ:MSFT) received a Buy rating from New Street Research as the company initiated coverage for the Magnificent Seven member, noting that even if the AI revolution fails to pan out, the company is well positioned to increase earnings in “Low teens for years to come.”…