Category: Growth
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Atlanta Fed GDPNow growth estimate for Q2
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The Atlanta Fed’s latest GDP growth estimate for the second quarter comes in at 2.7%, down from 3.5% on May 24. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 2.7% on May 31, down from…
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UK Finance Urges Post-Election Government to Prioritise Growth and Fraud Prevention
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UK Finance, the prominent banking trade association, has issued a call to action for the next government to implement policies that will stimulate economic growth and promote financial participation. Their Financial Services Statement sets out key initiatives aimed at tackling critical issues such as financial education, fraud prevention, and supporting…
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Dollar steadies ahead of U.S. growth, inflation data By Investing.com
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Investing.com – The U.S. dollar settled near two-week highs in early European trading on Thursday, supported by rising yields and increasing conviction that the Federal Reserve won’t cut interest rates anytime soon. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Ulta Beauty reports growth and updates full-year outlook By Investing.com
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Ulta Beauty, Inc. (NASDAQ:) reported a 3.5% increase in net sales reaching $2.7 billion in the first quarter of 2024, with comparable sales growing by 1.6%. Despite a challenging environment, the company showed resilience with an operating profit of 14.7% of sales and a diluted earnings per share (EPS) of…
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Crude Oil Technical Analysis – Strong growth data boosts prices
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Basic overview The price of crude oil has declined steadily since it reached the $87.50 level following tit-for-tat reprisals between Iran and Israel. The decline came as a surprise as the market did not respond favorably to global growth expectations amid policy easing by China and other major central banks,…
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Apple’s rising growth amid China’s smartphone boom By Investing.com
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Investing.com – Analysts at Evercore Partners Inc (NYSE:) recently provided a detailed look at the performance of the Chinese smartphone market, highlighting the second straight month of accelerating shipments. According to the analysis, the market saw a significant year-on-year increase of nearly 29% in April, a notable improvement compared to…
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Aurobindo Pharma Outperforms Expectations with Strong Q4, Eyes Robust Growth Ahead By Investing.com
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Aurobindo Pharma (NS:) outperformed expectations in 4QFY24, with both sales and EBITDA showing significant year-on-year growth. Sales rose 17%, while EBITDA rose an impressive 68%, beating Goldman Sachs (NYSE:) expectations and those of the broader market. This strong performance was driven by strong growth in key geographic markets, both developed…
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Australia’s Lendlease exits offshore markets to focus on local growth By Reuters
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Written by Rishav Chatterjee and Ayushmann Ojha (Reuters) – Australian developer Lendlease will divest from its overseas construction business and release up to A$4.5 billion (US$2.9 billion) of capital to shareholders, putting an end to its international ambitions to shift focus on domestic operations. Lendlease said in a statement on…
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Earnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and more
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Nikolaeva Elena The last week of May, although shortened by the holiday, is still packed with major earnings reports from various sectors. The list of notable names includes Salesforce (New York Stock Exchange: Customer Relationship Management), Costco Wholesale (Nasdaq: Cost) and canopy growth (Nasdaq: CGC). On the technological front, investors…
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Raboo (RABT) targets massive ROI, following BONK and Myro’s explosive growth
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Cryptocurrency investors are constantly looking for promising projects to invest in. Often times, their goal is to get an early shot at the next big cryptocurrency so they can…
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U.S. Flash PMIs Signal Stronger Industry Growth in May
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The latest round of manufacturing and services PMI readings from the US economy reflected a faster pace of expansion for both sectors. May Flash Manufacturing PMI: 50.9 (50.0 forecast, 50.0 previous) May Flash Services PMI: 54.8 (expect 51.2, previous reading upgraded from 50.9 to 51.3) The S&P Global Manufacturing PMI…
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Modine stock upgraded by Oppenheimer on growth drivers By Investing.com
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On Thursday, Oppenheimer maintained an outperform rating on Modine Manufacturing (NYSE:) stock and increased its price target to $110 from $105. The revision follows Modine’s mixed Q4 FY2024 results and FY2025 guidance compared to consensus expectations. Despite early trading lows on Wednesday, the company’s shares rose due to several factors…
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University Joins £3m Campaign to Drive Midlands Economic Growth
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The University of Lincoln, UK, has joined a pioneering coalition of 17 universities to support a £3 million international campaign launched this week to drive economic growth in the Midlands. Each year the University contributes more than £400 million to the local economy and has built long-term, sustainable relationships with…
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Jefferies starts AZZ Inc. stock with Buy, highlights growth from reshoring and infrastructure By Investing.com
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On Monday, Jefferies initiated coverage on NYSE:AZZ (NYSE:), AZ Company . stock, with a Buy rating and a price target of $105.00. The company highlighted the position of AZZ Inc. As the leading independent supplier of metallic coatings in North America, it believes it is well positioned to capitalize on…
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Teknova sees modest revenue growth in Q1 2024 By Investing.com
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Teknova (Ticker: TKNO), a provider of clinical and lab solutions, has reported a 2% year-over-year increase in revenue for the first quarter of 2024, marking a solid start to the year. The company’s revenue also showed an 18% sequential improvement from the fourth quarter of 2023. This performance is attributed…
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Commercial Property Values Poised for Growth as Office Return Accelerates
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The commercial property market may be approaching rock bottom as more workers return to their offices, according to Land Securities, one of the UK’s largest landlords. Mark Allan, chief executive of Land Securities, which has a portfolio worth billions, said high-quality property values “have pretty much bottomed out and will…
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Scotiabank raises Lightspeed POS stock target on growth outlook By Investing.com
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On Friday, Scotiabank updated its rating for Lightspeed POS Inc. (NYSE:), increasing their price target to $21 from $20 previously while maintaining an Outperform rating for the sector. The revision comes after a positive quarterly report and the issuance of the company’s guidance for fiscal year 2025, which exceeded expectations.…
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Applied Materials Q2 results top estimates as growth in China jumps By Investing.com
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Investing.com – Applied Materials on Thursday reported fiscal second-quarter results that beat estimates, led by strong growth in China as the wave of artificial intelligence continues to boost demand for chips. Applied Materials Inc (NASDAQ:) fell more than 1% in the after-hours on the news. For the three months ended…
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TSS highlights substantial growth in Q1 2024 By Investing.com
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Technology Solutions Specialists (TSS) reported a significant increase in financial performance for the first quarter of 2024. The company’s revenue soared to $15.9 million, up from $6.6 million in the corresponding quarter of the previous year. This improvement is primarily attributed to heightened demand in the procurement business and the…
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BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
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BuzzFeed Inc. (BZFD) has disclosed its financial results for the first quarter of 2024, revealing a revenue decrease of 18% year-over-year to $44.8 million. Despite the overall downturn, the company has seen a rise in programmatic advertising revenues and is focusing on artificial intelligence (AI) to enhance audience engagement and…