Category: Investing.com
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ALTI stock touches 52-week low at $3.56 amid market challenges By Investing.com
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In a year marked by significant volatility, ALTI stock has hit a new 52-week low, falling to $3.56. This latest price level is in stark contrast to the more buoyant numbers seen in the past, highlighting the challenges the company has faced in the market. Over the past year, ALTI’s…
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Norway stocks lower at close of trade; Oslo OBX down 0.58% By Investing.com
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Investing.com – Norway stocks were lower after the close on Friday, as losses in the , and sectors led shares lower. At the close of trading in Oslo, the Norwegian Stock Exchange’s general index fell 0.58% to its lowest level in a month. The best performers in the session were:…
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BofA raises UiPath stock target on strong Q2 results By Investing.com
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BofA Securities has revised its outlook on UiPath Inc. (NYSE: NYSE:), raising its price target to $18.00 from $16.00 previously, while maintaining a Neutral rating on the stock. This adjustment comes after UiPath released its second-quarter financial results, which showed that revenue and annual recurring revenue (ARR) exceeded expectations. UiPath’s…
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Wall Street analysts increasingly bullish on Nio stock after a 50% YTD drop By Investing.com
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Investing.com – Despite NIO Inc (NYSE:) (HK:) seeing a sharp 50% decline since the beginning of the year, Wall Street analysts are increasingly optimistic about the company’s future prospects. Both Jefferies and Citi Research expressed confidence in Nio’s ability to recover, pointing to a series of upcoming catalysts that could…
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Dollar’s demise appears overstated – JPMorgan By Investing.com
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Investing.com – The U.S. dollar has had a tough summer, falling significantly in August, but JPMorgan Chase believes those predicting the demise of the greenback are getting ahead of themselves. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Dollar’s demise appears overstated – JPMorgan By Investing.com
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Investing.com – The U.S. dollar has had a tough summer, falling significantly in August, but JPMorgan Chase believes those predicting the demise of the greenback are getting ahead of themselves. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Swiss Franc’s strength may prompt SNB to ease monetary policy By Investing.com
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The Swiss National Bank may engage in a prolonged monetary easing cycle due to an unexpected slowdown in inflation in Switzerland and a strong Swiss franc, according to a report by Gavekal Research. Inflation in Switzerland fell to 1.1% year-on-year in August, down from 1.3% in July and below the…
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Swiss Franc’s strength may prompt SNB to ease monetary policy By Investing.com
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The Swiss National Bank may engage in a prolonged monetary easing cycle due to an unexpected slowdown in inflation in Switzerland and a strong Swiss franc, according to a report by Gavekal Research. Inflation in Switzerland fell to 1.1% year-on-year in August, down from 1.3% in July and below the…
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AMD lost some market share in Server Instances while Intel gained- report By Investing.com
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Advanced Micro Devices (NASDAQ:) saw its share of the server instance market decline slightly in July, according to a note from Jefferies on Thursday. The report highlights that AMD lost 10 basis points (bps) of its share, while Intel (NASDAQ:) gained, capturing 72.8% of the market, driven by the success…
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AMD lost some market share in Server Instances while Intel gained- report By Investing.com
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Advanced Micro Devices (NASDAQ:) saw its share of the server instance market decline slightly in July, according to a note from Jefferies on Thursday. The report highlights that AMD lost 10 basis points (bps) of its share, while Intel (NASDAQ:) gained, capturing 72.8% of the market, driven by the success…
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Bank of America sees more downside for the dollar By Investing.com
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The US dollar has stabilized after a sharp decline in August, but Bank of America Securities sees more trouble ahead for the greenback. At 07:20 ET (11:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 101.077, having largely held…
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17EdTech reports strong Q2 revenue growth amid challenges By Investing.com
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17EdTech, a leading provider of educational technology solutions, has reported a significant quarter-to-quarter revenue growth of 165% in the second quarter of 2024. The company’s Chief Financial Officer, Michael Du, highlighted the robust progress in the core business, driven by expansion and contract winnings in new potential areas. Despite the…
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Dollar slips lower, struggling to stop losses ahead of payrolls By Investing.com
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The US dollar fell on Thursday, struggling to find its footing after weak economic data raised expectations of a major interest rate cut by the Federal Reserve later this month. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Crescent Energy Announces Pricing of $250 Million Private Placement of Additional 7.375% Senior Notes Due 2033 By Investing.com
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HOUSTON – (Business): Crescent Energy Corporation (NYSE: CRGY) (we or our) today announced that its indirect subsidiary, Crescent Energy Finance LLC (the Issuer) has priced its previously announced private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to qualified…
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UBS cuts US dollar targets; recommends fading any strength By Investing.com
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Investing.com – UBS has cut its long-term targets for the U.S. dollar, looking to outpace the currency’s rally as early as September. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 101.655, after rising to a…
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J.Jill Inc sees growth amid market challenges By Investing.com
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J.Jill Inc. (JILL) has reported a slight increase in second-quarter performance, with total comparable sales growing by 1.7% and adjusted EBITDA reaching $30.2 million, which is above expectations. Despite a general slowdown in customer demand during July and August, the company has adjusted its expectations and remains confident in its…
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Occidental stock hits 52-week low at $55.04 amid market shifts By Investing.com
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Occidental Petroleum Corporation (NYSE:) shares touched a 52-week low, falling to $55.04, as investors navigate the complex energy market landscape. The drop represents a significant turnaround from the company’s performance over the past year, when Occidental’s stock saw a one-year change of -16.71%. The decline reflects broader industry trends and…
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Wedbush says tech bull thesis unchanged after September selloff By Investing.com
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Investing.com — Tech stocks have been under pressure as markets reopen following the Labor Day holiday. However, analysts at Wedbush remain unfazed by the recent selloff, saying their “bullish thesis for the tech sector remains unchanged.” “As we take note of the uncertain economic/jobs data and preparations for the November…
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US dollar little changed after hitting a 2-week high against the euro By Investing.com
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The US dollar hit a two-week high against the euro, as investors prepared for a week of important data, including the US jobs report due on Friday. At 18:40 ET (22:40 GMT), the pound was little changed at 1.1046, down 0.1% at 145.31. This jobs report is expected to have…
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Zscaler stock sinks 13% in afterhours trade on cautious profit outlook By Investing.com
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Zscaler (NASDAQ:) reported better-than-expected fourth-quarter results, but its shares fell 13% in after-hours trading on disappointing earnings guidance for the next fiscal year. The cloud security company reported adjusted earnings per share of $0.88, beating analysts’ estimates of $0.70. Revenue for the quarter was $592.9 million, up 30% year over…