Category: Growth
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Alberta regulator projects 17 per cent growth in oilsands production by 2033
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Breadcrumb links BMN Energy BMN Business Article writer: Canadian Press Amanda Stevenson Posted on June 24, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The Alberta Energy Regulator says it expects oil sands production in…
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Morgan Stanley says market focusing on softening growth By Investing.com
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Year-to-date macroeconomic data has shown signs of weakness, leading to weakness in low-quality, economically sensitive market sectors, while a narrow group of large-cap stocks have driven performance. According to strategists at Morgan Stanley, this indicates that the market “is becoming more focused on slowing growth and less focused on inflation…
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Goldman sees slower but still robust Permian Basin growth this decade (NYSEARCA:XLE)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell on Friday but ended the week higher, supported by signs of strong US demand and a growing perception of risks from a broader conflict in the Middle East that could jeopardize oil flows from the region. Exchanges Flames are rising between…
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AMD a Buy, three medium-term growth drivers seen By Investing.com
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Stifel maintained a buy rating and $200 per-share price target on AMD (NASDAQ:) in a note Tuesday, despite the stock’s underperformance compared to the broader market and competitor Nvidia. Analysts admit to mixed feelings about AMD due to concerns about future performance in the AI, PC and server markets. However,…
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Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1%
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The Atlanta Fed’s second-quarter GDP growth estimate rose to 3.1% from 2.6% on June 6. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1 percent on June 7, up from 2.6 percent on June 6.…
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Argenx stock gets H.C. Wainwright nod on Vyvgart growth and pipeline progress By Investing.com
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On Friday, HC Wainwright reaffirmed a Buy rating on biopharmaceutical company argenx SE (NASDAQ: ARGX), with a firm price target of $448.00. The Company’s confidence in argenx is rooted in the Company’s successful introduction of Vyvgart for the treatment of myasthenia gravis (MG), which has been recognized as one of…
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UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
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UK wage growth remained strong in the three months to April, maintaining pressure on inflation and delaying hopes for an interest rate cut. Official figures from the Office for National Statistics (ONS) showed that nominal weekly earnings, excluding bonuses, rose by 6% in the February-April period, in line with the…
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U.K. Joblessness Rose 50.4K in May, But Wage Growth Picked Up
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The UK claimant change figure indicated a larger than expected jump in unemployment at 50.4K for May versus the consensus reading of 10.2K and the previous unemployment gain of 8.9K. Meanwhile, the unemployment rate rose from 4.3% to 4.4% instead of stabilizing, reaching its highest level since October 2021. However,…
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U.K. Joblessness Rose 50.4K in May, But Wage Growth Picked Up
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The UK claimant change figure indicated a larger than expected jump in unemployment at 50.4K for May versus the consensus reading of 10.2K and the previous unemployment gain of 8.9K. Meanwhile, the unemployment rate rose from 4.3% to 4.4% instead of stabilizing, reaching its highest level since October 2021. However,…
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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.”…
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Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1% versus 2.8% yesterday
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The Atlanta Fed’s GDP growth estimate for the second quarter rose to 3.1% from 2.8% yesterday. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1 percent on June 7, up from 2.6 percent on June…
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UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
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UK businesses plan to ease pay and price increases over the next year, paving the way for interest rate cuts this summer. This trend was highlighted in the latest poll conducted by the Bank of England’s decision-making committee. According to the survey, companies intend to increase wages by 4.1 percent…
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3M hiked to Buy at BofA as new CEO focus on ops, innovation should spur growth (NYSE:MMM)
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Editorial jetcityimage/iStock via Getty Images 3M(New York Stock Exchange: mmm) +1.9% In Friday trading, Bank of America upgraded its shares to buy from Neutral with a price target of $120, up from $105, citing new CEO Bill Brown’s desire to refocus the company on growth and operations. Bank of America…
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Meituan outlines robust Q1 growth with revenue up 75% By Investing.com
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Meituan (3690.HK), the Chinese e-commerce platform specializing in local food delivery, reported a strong start to 2024 with significant year-over-year growth in revenue and profits in the first quarter. The company’s total revenue surged by 75% to RMB 73.3 billion, while adjusted net profit increased by 36.4% to RMB 7.5…
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Reserve Bank of Australia Governor Bullock says she expects Q1 GDP growth to be low
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Reserve Bank of Australia Governor Bullock reads the writing on the wall for Australia’s economic growth: Australia’s very weak economic growth outlook has been cut even further Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Kent appear before the Australian Parliament Before the Senate Economic Legislation Committee…
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Dubin Research & Consulting Announces Growth Investment From Trivest
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Article content NEW YORK & MIAMI – Dubin Research & Consulting (“DRC”) today announced a strategic growth investment from Trivest Partners (“Trivest”), a Miami-based private investment firm focused exclusively on supporting and growing founder- and family-led companies. Owned companies in the United States and Canada. The investment was made through…
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Wall Street set to open lower as fears of sluggish growth increase By Reuters
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By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – U.S. stock futures fell on Tuesday as investors grew more concerned about the strength of the world’s largest economy, even as they awaited a slew of reports this week to gauge the extent of slowing growth. Data on Monday showed…
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Wall Street futures slip on sluggish growth fears
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(Reuters) – U.S. stock futures fell on Tuesday after weak manufacturing data raised fresh concerns about the strength of the U.S. economy, even as markets awaited a slew of reports this week to gauge the extent of slowing growth. Stocks fell on Monday after survey data showed US factory activity…
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Reservoir Media reports record revenue, eyes M&A growth By Investing.com
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Reservoir Media (RSVR) announced robust financial performance for the fourth quarter and full fiscal year 2024, achieving record-setting total revenue and operating income. The company witnessed an 18% year-over-year increase in revenue for the fiscal year, with its music publishing and recorded music segments growing by 15% and 22% respectively.…