Category: Investing.com
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Rigetti Computing on track with 84-qubit Ankaa-3 development By Investing.com
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Rigetti Computing (NASDAQ: RGTI), a pioneer in quantum computing, reported steady progress in the development of its quantum technology and a mixed financial performance for the second quarter of 2024. The company announced that it is on schedule to launch its 84-qubit Ankaa-3 system by the end of 2024, with…
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Perma-Fix Q2 results reflect setbacks, but future growth expected By Investing.com
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Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) reported a challenging second quarter in 2024, with total revenue from continuing operations falling to $14.0 million, a significant decrease from the previous year. The company faced headwinds due to government delays in waste shipments and new contracts, along with an equipment failure at…
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Saputo Inc. sees growth and embraces new leadership By Investing.com
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Saputo Inc. (SAP.TO), a leading global dairy processor, has reported strong financial results for the first quarter of fiscal 2025, with significant revenue and adjusted EBITDA growth. The company announced a 2.7% increase in its quarterly dividend and a positive outlook on operational goals and long-term value creation. The transition…
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Pagaya surpasses Q2 2024 earnings, raises full-year outlook By Investing.com
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Pagaya Technologies Inc. (NASDAQ:), a leading financial technology company, has reported robust financial results for the second quarter of 2024, exceeding its own revenue and adjusted EBITDA guidance. The company has raised its full-year outlook for both metrics, citing strong growth in fee revenue less production costs (FRLPC) and the…
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What would less restrictive monetary policy mean for the growth outlook? By Investing.com
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Wells Fargo said in a recent report that a less restrictive monetary policy could significantly impact U.S. growth prospects by stimulating various economic sectors and easing some of the current economic pressures. According to the bank’s latest U.S. economic outlook report, the Fed is expected to cut interest rates by…
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How to rebalance your portfolio to hedge against market risks By Investing.com
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With the economy slowing and inflation slowing, Wells Fargo analysts are suggesting that the US Federal Reserve is ready to start cutting interest rates, with a 50 basis point cut expected at its September meeting. Additional cuts are expected in November and December. The bank said the series of aggressive…
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Evolent Health reports revenue growth and strategic acquisitions By Investing.com
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Evolent Health, Inc. (NYSE: NYSE:), a healthcare company that provides an end-to-end value-based care delivery platform, announced in its second-quarter earnings call that it has achieved revenue growth and is on track to meet its profitability targets for 2024. The company also detailed its strategic acquisition of Machinify Technology and…
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Dollar steady after volatile week; CPI data looms large By Investing.com
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Investing.com – The U.S. dollar was steady on Friday, trading near a one-month high after stronger-than-expected U.S. jobless claims eased fears of an impending recession in the world’s largest economy. At 04:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Asian stocks rise on cooling recession fears, positive China inflation By Investing.com
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Asian stocks rose on Friday as concerns about an approaching recession in the United States eased, while somewhat positive inflation data from China also helped boost sentiment. But regional markets are still heading towards weekly losses after recording sharp declines at the start of the week. Asian stocks benefited from…
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Three-quarters of global carry trade has been unwound: JPMorgan By Investing.com
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About three-quarters of global carry trades have been removed, JPMorgan strategists said in a note on Wednesday. In its latest report, JPMorgan noted that the risk-reward ratio in global bonds is low due to the upcoming US elections and potential financiers’ re-pricing of low US interest rates. It also noted…
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Outset Medical reports disappointing earnings in second-quarter By Investing.com
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Outset Medical (NASDAQ: OM), a medical technology company, reported second-quarter earnings for 2024 that missed market expectations, primarily due to a slower ramp-up of its TabloCart product and an extended sales cycle. Despite these challenges, the company highlighted several positive aspects of its performance, such as strong treatment sales and…
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Dollar slips ahead of jobless claims; recession fears rise By Investing.com
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Investing.com – The U.S. dollar fell on Thursday as traders began to factor in aggressive monetary easing by the Federal Reserve to combat a slowing economy. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 102.802,…
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Koru Medical Systems stock price target raised on strong results By Investing.com
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On Thursday, Piper Sandler revised its outlook on shares of Koro Medical Systems Inc. (NASDAQ:KRMD), raising its price target to $3.00 from $2.50 previously. The firm maintained a neutral rating on the stock. The adjustment came after Coro Medical reported second-quarter earnings, which highlighted a record quarterly revenue of $8.4…
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Warby Parker shares gain 3% on revenue beat, raised outlook By Investing.com
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NEW YORK — Warby Parker Inc. (NYSE: WRBY) shares jumped 3.7% after the eyewear retailer reported better-than-expected second-quarter revenue and raised its full-year outlook. The company reported second-quarter revenue of $188.2 million, beating analysts’ estimates of $187.04 million and up 13.3% year over year. However, Warby Parker reported a loss…
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Hanon Systems Develops World’s First 4th Generation Heat Pump System for Electric Vehicles By Investing.com
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Reduced package and enhanced performance: This is achieved through bundling.Components of coolers and refrigerants Improve driving rangeThe parallel heat source recovery method utilizes both the waste heat generated by the battery and external air heat sources. Slim HVAC Technology: Increases passenger legroom by reducing the size of the HVAC system…
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Aussie surges on hawkish RBA, yen strengthens amid BOJ speculation By Investing.com
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Most Asian currencies rose on Thursday, with the Australian dollar making strong gains after Reserve Bank of Australia Governor Michelle Bullock said the bank would not hesitate to raise interest rates further to curb inflation. The Japanese yen also rose, steadying after falling in the previous session as data from…
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Asian stocks fall as growth jitters persist, Nikkei rebound fades By Investing.com
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Most Asian stocks fell on Thursday as the recovery in Japanese markets stalled amid lingering concerns about slowing economic growth and higher interest rates, while technology stocks saw an extended decline. Regional markets got a negative boost from a weak session overnight on Wall Street, as the recovery from multi-month…
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agilon health reports growth in Q2, adjusts full-year guidance By Investing.com
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During the second quarter earnings call, agilon health (AGL) CEO Steve Sell provided an update on the company’s performance and strategic initiatives. agilon health reported substantial growth in its Medicare Advantage membership and revenues, while also announcing adjustments to its full-year guidance. The company is experiencing a significant increase in…
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Dollar edges higher,yen falls after BOJ rules out another rate hike, for now By Investing.com
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Investing.com – The U.S. dollar rose slightly on Wednesday, while the Japanese yen fell after the Bank of Japan tried to calm troubled waters by signaling it would not raise interest rates again while markets remain volatile. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against…