Category: Investing.com
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Dollar edges higher ahead of retail sales; sterling gains on GDP growth By Investing.com
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The US dollar rose slightly on Thursday, but remained close to seven-month lows after benign inflation data, while sterling rose after strong growth data. At 05:45 ET (09:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 102.452, just above…
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Asia FX muted, dollar near 7-mth low after soft CPI data By Investing.com
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Most Asian currencies remained in a tight range on Thursday after posting strong gains overnight after weaker-than-expected U.S. consumer inflation data put the dollar near a seven-month low. Positive economic readings from Japan, Australia and to some extent China also boosted sentiment towards regional markets. The dollar index hovered around…
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US stock futures tick higher after softer-than-expected CPI data By Investing.com
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U.S. stock index futures were slightly higher in overnight trade on Wednesday, extending a positive session on Wall Street after data showed consumer inflation slowed slightly in July, boosting expectations for interest rate cuts. Wall Street indexes rose to their highest levels in two weeks after weaker-than-expected inflation readings on…
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US stock futures tick higher after softer-than-expected CPI data By Investing.com
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U.S. stock index futures were slightly higher in overnight trade on Wednesday, extending a positive session on Wall Street after data showed consumer inflation slowed slightly in July, boosting expectations for interest rate cuts. Wall Street indexes rose to their highest levels in two weeks after weaker-than-expected inflation readings on…
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Beyond Inc director sells $97,352 in company stock By Investing.com
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According to a recent filing with the Securities and Exchange Commission, William Benjamin Nettles Jr., a director of Beyond Inc. (NASDAQ:BYON), sold a total of 10,412 shares of the company’s common stock. The transactions, which took place on August 14, 2024, had a total sale value of $97,352, with the…
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Dollar on back foot ahead of CPI; sterling slips By Investing.com
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Investing.com – The U.S. dollar was steady on Wednesday, after weakening overnight ahead of the July CPI release, while the British pound weakened after benign inflation data. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down at 102.277,…
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Clear Secure stock soars to 52-week high of $26.98 By Investing.com
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Clear Secure, Inc. (YOU) has reached a new 52-week high, with its stock price rising to $26.98. This milestone reflects a significant upward trend in the company’s market performance, marking a noteworthy achievement for the identity security company. Over the past year, Clear Secure has seen an impressive 20.55% increase…
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BofA expects renewed Swiss franc weakness amid SNB action By Investing.com
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Bank of America Securities analysts highlighted the Swiss National Bank’s recent intervention in foreign exchange markets, which was aimed at weakening the Swiss franc amid significant market turmoil. Bank of America expects further depreciation of the Swiss franc, as the real effective exchange rate has largely recovered from its decline…
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Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell after a weak reading on U.S. producer inflation raised hopes that a similar easing in consumer inflation would lead to deeper interest rate cuts. The New Zealand dollar was an exception, posting sharp losses after the Reserve Bank of New…
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Sotherly Hotels Q2 2024 results show steady growth By Investing.com
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Sotherly Hotels Inc. (NASDAQ:), a well-known hospitality company, has reported its financial results for the second quarter of 2024, revealing a positive trend in revenue per available room (RevPAR) and hotel earnings before interest, taxes, depreciation, and amortization (EBITDA). The company has seen RevPAR growth across several key properties, driven…
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Aimia Inc. ended the second-quarter with $112.8 million in cash By Investing.com
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Aimia Inc. (AIM.TO), a holding company with a focus on long-term investments, has announced its second-quarter 2024 financial results, showing marginal revenue growth and a significant increase in adjusted EBITDA. Aimia ended Q2 with $112.8 million in consolidated cash. The company is reiterating its adjusted guidance for the year, with…
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Dollar edges higher ahead of PPI; sterling rises on wage data By Investing.com
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The U.S. dollar rose in narrow trading ranges on Tuesday, as traders awaited the release of the July producer price index, the first double-digit inflation bill this week, for clues on the Federal Reserve’s future monetary policy decisions. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback…
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Alaska Airlines invests in fuel-efficient JetZero aircraft By Investing.com
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SEATTLE – Alaska Airlines has made a strategic investment in Jet Zero, a pioneer in developing an innovative mixed-wing aircraft that is expected to reduce fuel consumption by up to 50 percent. The investment, which also includes options for future aircraft orders, was announced today as part of the airline’s…
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Biora Therapeutics reports progress on BT-600 and BioJet platforms By Investing.com
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Biora Therapeutics has reported significant advancements in its BT-600 program and BioJet platform during its recent earnings call. The company announced successful Phase I clinical trial results for its BT-600 program, utilizing the NaviCap platform for targeted drug delivery to the colon. This approach demonstrated a lower systemic drug level…
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Asia FX flat, dollar muted with inflation, economic cues on tap By Investing.com
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Most Asian currencies were little moved on Tuesday as the dollar held steady ahead of key inflation data due later in the day, while the Japanese yen weakened further ahead of more signals on the economy. Sentiment towards regional currencies remained subdued after a major move towards risk aversion in…
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Oil prices dip as OPEC cuts demand forecast, economic cues awaited By Investing.com
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Oil prices fell in Asian trading on Tuesday, reversing last week’s rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in more than seven months as fears of an escalating…
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US stock futures flat amid pre-inflation angst By Investing.com
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U.S. stock index futures were little changed in overnight trading on Monday after a quiet session on Wall Street as expectations of key inflation data later this week deterred any big trades. But Wall Street appears to have found some calm after last week’s wild swings, as speculation about a…
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Dream Office REIT reports growth amid market challenges By Investing.com
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Dream Office REIT (TSX: D.UN) has reported a resilient performance in the second quarter of 2024, despite facing headwinds in the Toronto office market. On August 12, 2024, CEO Michael Cooper and CFOs Gord Wadley and Jay Jiang provided insights into the company’s financial and operational progress. The REIT has…
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Glaucos Corp director Weisner executes stock transactions worth $3.8 million By Investing.com
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In a recent trading move, Amy S. Wisner, a director at Glaucos Corp. (NYSE:GKOS), a surgical and medical instrument company, engaged in a large stock transaction. On August 8, 2024, Wisner acquired 25,000 shares of common stock at $32.00 per share, for a total of $800,000. On the same day,…
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Doman Building Materials Q2 results reflect market slowdown By Investing.com
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Doman Building Materials Group Inc. (DBM), a leading supplier in the construction industry, has reported its financial results for the second quarter of 2024. The company saw a decline in sales by 2.9% year-over-year, earning $689.8 million, with a gross margin percentage of 15.7%. Adjusted EBITDA also fell by 23.4%…