Category: Eyes
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Hesai Group maintains lead in LiDAR market, eyes profitability By Investing.com
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During its second quarter 2024 earnings conference call, Hesai Group, a leading automotive LiDAR technology company, showcased its robust market position and strategic advancements. The company, which trades under the ticker symbol HSAI, reported significant design wins and partnerships, projecting an optimistic outlook for future profitability and market expansion. Hesai’s…
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Kenya eyes Agoa trade deal with United States in October
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Kenya has received assurances that Washington will ratify two crucial trade deals before the US presidential election on November 5, the trade ministry told parliament. US lawmakers will approve the extension of the Africa Growth Opportunity Act (AGOA) and the US-Kenya Strategic Trade and Investment Partnership (STIP) agreement, Chief Secretary…
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Bank of Canada to cut by 25 bps in September and October. Eyes on next week’s CPI
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Bank of Canada Governor Tiff Macklem RBC continues to expect the Bank of Canada to cut rates by 25 basis points on September 4 and again on October 23. The market sees a very small chance of a 50 basis point rate cut at one of these meetings, but this…
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Mercari reports record-high revenue in FY’24, eyes growth By Investing.com
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Mercari, Inc. (4385.T), the popular online marketplace operator, has reported a record-high consolidated revenue and core operating profit for the fiscal year 2024. CEO Shintaro Yamada and CFO Sayaka Eda shared the company’s financial achievements and strategic outlook, highlighting a 9% year-on-year revenue growth and a core operating profit of…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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Fed’s Bowman: Cautious on rate cuts, eyes upside inflation risks
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“I am not confident that inflation will come down in the same way it did in the second half of last year.” Inflation remains ‘uncomfortably above’ 2% target Labor market shows signs of slowing, but uncertainty remains Inflationary risks remain, including housing and geopolitical factors. Calls for patience in making…
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Shein eyes UK warehouse as it prepares for £50bn London stock market debut
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Chinese fashion giant Shein is set to open its first warehouse in Britain as part of its preparations for a massive £50bn listing on the London Stock Exchange. The company, now headquartered in Singapore, is focusing its research on the “Golden Logistics Triangle” in the Midlands, a key region known…
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Banking in the eyes of NextGen client
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In the early 2000s, paying college tuition required going to the bank to deposit cash. Now, much later, banking has changed dramatically, and the future of money is in our hands. Modern consumers can easily transfer money from their bank accounts to mobile wallets using basic or premium phones, while…
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XRP Faces Bearish Pressure After Crashing Critical Support, Eyes $0.4663
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XRP price has recently seen significant bearish momentum, breaking through a crucial support level at $0.5724. With the cryptocurrency breaking through the key support level, it signals a major shift in the market. feelingsraising concerns that the downward trend could continue. This breakout suggests that selling pressure is building up…
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Mistras Group posts strong Q2 growth, eyes cash flow improvement By Investing.com
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Mistras Group (NYSE: NYSE:) reported a significant increase in financial performance for the second quarter of 2024, with notable revenue growth and a substantial rise in adjusted EBITDA. The company’s Aerospace and Defense segment experienced robust double-digit growth, contributing to the overall positive results. Despite these gains, Mistras Group acknowledged…
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BNB Eyes $605 After Breaking Key Resistance
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BNP Bitcoin price has shown significant bullish momentum, with a positive candlestick crossing the 100-day simple moving average (SMA) on the 4-hour timeframe. The previous market scenario reveals that the cryptocurrency faced multiple rejections at the $572 level. This ongoing resistance has paved the way for bulls to take over…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…
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India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters
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By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…
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Wall Street eyes Instacart’s market trajectory By Investing.com
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In the dynamic online grocery sector, Maple Bear Inc., trading under the symbol EXCHANGE:CART, continues to attract the attention of Wall Street analysts. The company’s recent performance and strategic initiatives have led to updated forecasts and price targets from financial experts, reflecting confidence in its growth trajectory and market position.…
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Dogecoin Price (DOGE) Eyes Impressive Gains: Will It Break Through?
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Ayush Jindal, one of the most prominent figures in the world of financial markets, has over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Ayush is a trusted advisor and market expert to investors across the globe, guiding them through…
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All eyes turn to the Fed’s preferred measure of inflation next
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US Core PCE Price Index YoY (%) Broader markets are looking for a respite today, and if they are to continue, they will need the next major US inflation indicator to play its part. So far, risk trades are feeling some relief today after a tough week. But can they…
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State eyes Sh20bn cut in equitable revenue share for counties
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The government is targeting to deduct Sh20.12 billion from the funds allocated to counties as a fair share of revenue collected nationally in the current financial year following the rejection of the 2024 Finance Bill. The planned reduction involves a proposed amendment to the Revenue Sharing Act 2024, which will…
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Cosmos Set For 50% Rally After Recent Plunge, Analyst Eyes $12
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The cryptocurrency market is brimming with hope due to the recent surge in Bitcoin and Ethereum ETF Launched Today is expected to create a positive wave. In this noisy environment, Cosmos (ATOM) is one of the cryptocurrencies that shows great potential for a major breakout. Related reading Although ATOM has…