Category: Investing.com
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Mountain & Co. announces CFO and CSO resignations By Investing.com
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Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA), a special purpose acquisition company, announced the resignation of two top executives earlier this week. Alexander Hornung, chief financial officer, and Thomas Middelhoff, chief strategy officer, resigned from their positions on Monday for personal reasons. The Cayman Islands-based real estate and construction company…
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Iveco Group reports solid Q2 despite challenges By Investing.com
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In its 2024 second-quarter earnings call, Iveco Group showcased consistent improvements in profitability across all business units, with an adjusted EBIT margin for industrial activities reaching 6.9%. Despite facing a temporary setback in net working capital and a slight decrease in financial performance compared to the previous year, the company…
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Nexstar raises dividend, approves mega buyback By Investing.com
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IRVING, Texas – Nexstar Media Group, Inc. (Nasdaq: NASDAQ), a diversified media company, today announced a quarterly cash dividend of $1.69 per share, payable on August 23, 2024, to shareholders of record through August 9, 2024. Additionally, the company’s board of directors approved a new share repurchase program of up…
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TikTok, Shorts, and Reals valued at above $200B each: report By Investing.com
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In its new report on the short-form video market, Needham analysts provide their latest valuation estimates for the three major players in the industry including TikTok, Meta’s (META) Reels, and Alphabet’s (NASDAQ:) Shorts. Analysts estimate TikTok to be worth around $218 billion, Reels around $203 billion (17% of Meta’s (NASDAQ:)…
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TikTok, Shorts, and Reals valued at above $200B each: report By Investing.com
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In its new report on the short-form video market, Needham analysts provide their latest valuation estimates for the three major players in the industry including TikTok, Meta’s (META) Reels, and Alphabet’s (NASDAQ:) Shorts. Analysts estimate TikTok to be worth around $218 billion, Reels around $203 billion (17% of Meta’s (NASDAQ:)…
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Dollar stable ahead of PCE data; euro edges higher, yen slips By Investing.com
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The US dollar was steady in early European trading on Friday ahead of key inflation data, while the euro rose and the Japanese yen fell slightly but remained on track for its strongest week in three months. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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Asia FX weakens with yuan volatile, dollar steady ahead of PCE data By Investing.com
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Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan volatile amid suspected intervention by the People’s Bank of China, while the dollar held steady ahead of key inflation data. Weak risk appetite has seen traders shun most regional currencies this week, while the Japanese yen…
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CORRECTING and REPLACING “ SPS Commerce Reports Second Quarter 2024 Financial Results By Investing.com
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MINNEAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline on July 25, 2024 by SPS Commerce , Inc. (NASDAQ: NASDAQ:), please note that the range of Non-GAAP income per diluted share numbers for the Fiscal Year 2024 Guidance have been corrected. The corrected release…
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US stock futures rise as tech rout pauses; PCE data awaited By Investing.com
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U.S. stock index futures rose in overnight trading on Thursday as heavyweight technology stocks appeared to pare back painful losses from recent sessions, with focus shifting to key upcoming inflation data. Stock futures rose after Wall Street had another mostly negative session following some big, disappointing gains in the technology…
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Newmont reports $4.4 billion in revenue By Investing.com
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Newmont Corporation (NYSE: NEM), one of the world’s leading gold producers, reported robust operational and financial results for the second quarter of 2024. The company’s focus on safety, sustainability, and strategic asset management has paid off with a reported $4.4 billion in revenue and an average realized gold price of…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…
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IMAX Shares Add 5% After Q2 Earnings and Revenue Beat By Investing.com
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NEW YORK — IMAX Corporation (NYSE: NYSE:) reported a big beat in both earnings and revenue for the second quarter of 2024, sending its shares up 5.5% as the market reacted to the news. The global entertainment platform reported adjusted earnings per share of $0.18, beating analysts’ expectations of $0.08.…
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Scotiabank sees ‘deep value’ in Sage Therapeutics stock despite study setback By Investing.com
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On Wednesday, Scotiabank revised its outlook on Sage Therapeutics (NASDAQ:SAGE), lowering its price target to $17 from $19 previously while maintaining a sector outperform rating on the stock. The decision comes after the company’s recent stock price decline due to the unsuccessful outcome of the KINETIC-2 study, which tested SAGE-324…
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Dollar slips ahead of GDP data; euro rises and yen surges By Investing.com
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Investing.com – The U.S. dollar fell on Thursday, the euro posted small gains and the Japanese yen rose to multi-month highs ahead of a Bank of Japan meeting next week. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Ford stock dives 13% after larger-than-expected Q2 loss, warranty burden By Investing.com
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Ford Motor Company (NYSE: NYSE:) reported a big drop in second-quarter earnings, with adjusted earnings per share (EPS) of $0.47, missing analysts’ estimates of $0.68. The company’s fourth-quarter revenue was $47.8 billion, slightly below the consensus estimate of $48.09 billion. Second-quarter earnings before interest and taxes were $2.8 billion, also…
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Asia FX muted as dollar dips ahead of econ. data; yen surges By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as a pullback in equity markets kept traders largely avoiding risk-based assets, while the dollar retreated ahead of key economic indicators in the coming days. The Japanese yen remained an exception, rising to its strongest level against the dollar in…
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SONN hits 52-week low, trading at 0.82 USD By Investing.com
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Sonnet BioTherapeutics Holdings (NASDAQ:), Inc. stock recently hit a 52-week low, trading at $0.82. This represents a significant decline for the biopharmaceutical company that specializes in developing innovative targeted biologic medicines. The 52-week low of $0.82 is a stark contrast to its past performance. Over the past year, the company…
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Evercore posts record Q2 revenues of $695 million By Investing.com
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Evercore Inc. (EVR) has announced its highest ever adjusted net revenues for a second quarter, reaching $695 million, marking a significant year-over-year increase. The robust performance was largely attributed to a 52% spike in adjusted advisory fees, which amounted to $568 million. This impressive growth is a reflection of the…
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Dollar edges higher, euro slips after weak PMI data By Investing.com
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Investing.com – The U.S. dollar edged higher on Wednesday, while the euro fell after disappointing euro zone activity data pointed to more interest rate cuts by the European Central Bank in the future. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six…
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Deutsche Bank Q2 beats estimates, RBC maintains “outperform” despite headwinds By Investing.com
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Investment.com – German Bank DBK (ETR:) reported a positive set of second-quarter results that beat analysts’ expectations for net income and pre-tax earnings, according to a report from RBC Capital Markets. The upbeat performance was driven by strong revenue growth across all business divisions. Strong revenue growth across core businesses:…