Category: Investing.com
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Berkshire Hathaway sells Bank of America shares worth over $778 million By Investing.com
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Berkshire Hathaway General Electric (NYSE:GE), led by famed investor Warren Buffett, recently sold a large chunk of its shares in Bank of America Corp (NYSE:NYSE:). The total sales, which took place over several days, amounted to more than $778 million. The sales series began on July 30, 2024, when Berkshire…
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Bunzl Accelerates Sustainability with Electric Vehicles By Investing.com
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BURLINGTON, Ontario, Aug. 1, 2024 (GLOBE NEWSWIRE) — Bunzl Canada (bunzlcanada.ca) today announced the company’s first electric-powered haulage truck for Bunzl Cleaning and Janitorial’s Toronto delivery routes. The vehicle will not only reduce greenhouse gas emissions, but also reduce engine noise. The new delivery truck is designed and manufactured by…
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Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
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Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
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Hertz stock falls 7% on wider-than-expected Q2 loss, revenue miss By Investing.com
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Hertz Global Holdings (OTC:), Inc. (HTZ) announced its financial results for the second quarter of 2024 on August 1, 2024. HTZ reported revenue of $2.4 billion in the second quarter, slightly below analyst estimates of $2.47 billion. This represents a 3% increase year-over-year compared to $2.437 billion in the second…
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Dollar steadies after Fed-inspired losses; sterling weak ahead of BOE By Investing.com
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The U.S. dollar edged higher in early European trade on Thursday, recovering from heavy losses in the previous session after the Federal Reserve opened the door to a September interest rate cut, while sterling fell ahead of the Bank of England’s latest policy meeting. At 05:45 ET (09:45 GMT), the…
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UBS upgrades China stocks to “most preferred” in Asia By Investing.com
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UBS said Chinese stocks were its top pick in Asia, with the firm forecasting strong single-digit returns by the end of 2024 on the back of improved earnings outlook and more policy support. UPS said China’s major internet companies are set to post stronger earnings, especially major e-commerce companies like…
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Dollar slips ahead of Fed decision; yen soars after BOJ hike By Investing.com
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Investing.com – The U.S. dollar fell on Wednesday ahead of the conclusion of the Federal Reserve’s latest interest rate-setting meeting, while the Japanese yen rose after the Bank of Japan tightened monetary policy. At 05:20 ET (09:20 GMT), the dollar index, which tracks the greenback against a basket of six…
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Starbucks reports in-line Q3 earnings as sales miss on China weakness; shares up By Investing.com
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Investing.com – Starbucks Corp reported mixed third-quarter results on Tuesday, with earnings matching Wall Street estimates while revenue fell short of expectations due to weak sales in China. Shares of Starbucks Inc. (NASDAQ:) rose more than 2% in premarket trading on Wednesday. Starbucks earned $0.93 on revenue of $9.1 billion.…
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Asia FX firms with Fed on tap; Japanese yen volatile after BOJ By Investing.com
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Most Asian currencies rose on Wednesday ahead of further signals on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile after mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low…
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Dollar’s reign to live on even as global monetary landscape evolves By Investing.com
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Investing.com — UBS Global Research maintains a positive outlook for the continued dominance of the U.S. dollar as the world’s primary reserve currency. Despite growing concerns about its sustainability, analysts say several factors will support the U.S. dollar’s preeminent status for years to come. While UBS points to the potential…
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CTS Corporation meets Q2 expectations, acquires SyQwest By Investing.com
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CTS (NYSE:) Corporation (ticker: CTS) reported their second-quarter 2024 earnings with sales of $130 million, a 10% decline from the previous year, yet in line with expectations. The company completed the acquisition of SyQwest, LLC, a move expected to be accretive in 2025. Despite a downturn in the transportation end…
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Dollar steady ahead of start of Fed meeting; traders remain wary By Investing.com
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Investing.com – The U.S. dollar was largely steady on Tuesday, with traders cautious ahead of the Federal Reserve’s latest interest rate-setting meeting. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was slightly higher at 104.342, trading within a narrow…
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Macquarie bullish on USD into 2025 should Trump win By Investing.com
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Investing.com — Over the past month, major changes in U.S. policy have shifted market expectations, going beyond the Federal Reserve’s impact on the U.S. dollar. Initially, the U.S. dollar appeared to have peaked, especially as U.S. economic data slowed and the Fed prepared for an easing cycle. The US presidential…
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Sysco shares climb 2% on strong Q4 results By Investing.com
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HOUSTON – Sysco Corporation (NYSE: NYSE:), a leading global food distribution company, today reported modest earnings and revenue beats for the fourth fiscal quarter ended June 29, 2024. The company reported adjusted earnings per share of $1.39, narrowly beating analysts’ expectations of $1.38. Revenue for the quarter also rose slightly,…
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Web Attacks Targeting Applications and APIs Up by 49% in the Last Year By Investing.com
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Akamai has recorded over 26 billion attacks on applications and APIs in June 2024 Cambridge, Massachusetts., July 30, 2024 /PR Newswire/ — Akamai Technologies (NASDAQ:AKAMAI), Inc. Akamai (NASDAQ: AKAM), the cloud computing company that powers and protects life online, today released a new State of the Internet (SOTI) report that…
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Asia FX muted with yen steady ahead of BOJ; dollar gains before Fed By Investing.com
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Most Asian currencies remained in a narrow range on Tuesday amid caution ahead of a series of economic signals this week, with the yen steady amid uncertainty over a potential interest rate hike by the Bank of Japan. The dollar recovered slightly as expectations of a Federal Reserve meeting grew,…
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Trump talks up weaker dollar, but policies will likely lead to dollar strength By Investing.com
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Investing.com – Donald Trump has made bold claims about favoring a weaker dollar, but the former president’s core policies on tariffs, immigration and taxes are expected to do the exact opposite. “Former US President Donald Trump expressed his desire to weaken the US dollar, but his underlying policies (on immigration,…