Category: Investing.com
-
BofA sees EUR/USD parity as a rare event, ‘unlikely’ to happen By Investing.com
•
Analysts at Bank of America noted that while some market watchers continue to speculate that the exchange rate could reach parity, such an event is considered rare and short-lived historically. They pointed to a chart showing that, with the exception of the dot-com bubble burst, the probability of a currency…
-
Intuit shares slip as company plans to lay off 10% of global workforce By Investing.com
•
(Updated – July 10, 2024 at 9:15 AM EST) gut instinct Nasdaq Inc. (NASDAQ:NASDAQ) plans to lay off about 1,800 employees worldwide, or 10% of its workforce, according to a news release Wednesday. The move is not intended to cut costs, according to the announcement. The company’s shares fell 1.8%…
-
Manchester United reports Q3 results, lifts 2024 revenue guidance By Investing.com
•
Manchester United (NYSE:) raised its guidance for the full fiscal year 2024 after reporting third-quarter earnings results on Wednesday. The club’s shares were trading slightly lower in pre-market trading. For the full year, the club now expects revenue of £660m, up from a previous forecast range of between £635m and…
-
Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com
•
Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…
-
Asian stocks tread water amid mixed Chinese, Japanese inflation By Investing.com
•
Investing.com — Most Asian stocks were rangebound on Wednesday as markets digested mixed inflation data from China and Japan, while the focus remained on when the Federal Reserve will start cutting interest rates. Regional stocks received moderate signals from Wall Street, with technology stocks seeing sharp gains and nearing new…
-
US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
•
U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
-
US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
•
U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
-
Cherry Hill Mortgage moves to internal management model By Investing.com
•
FARMINGDALE, N.J. – Cherry Hill Mortgage Investments, Inc. (NYSE: CHMI) announced Monday that its Board of Directors has decided to internalize the management of the Company. The decision, recommended by a special committee of independent board members, will terminate the current management agreement with Cherry Hill Mortgage Management, LLC and…
-
Netflix target raised at TD Cowen ahead of earnings By Investing.com
•
TD Cowen analysts are bullish on Netflix (NASDAQ:) earnings, citing strong subscriber growth and a thriving advertising business as key factors. The bank expects Netflix to add 5.19 million paid subscribers in the second quarter of 2024, beating analysts’ consensus of 3.72 million. The growth is driven by paid engagement…
-
Greenbrier posts record earnings and robust order backlog By Investing.com
•
The Greenbrier Companies (NYSE:) have announced their highest earnings per share (EPS) and EBITDA in over four and a half years, marking a significant rebound since the pre-pandemic era. In the third quarter of fiscal 2024, the company achieved over $820 million in revenue and reported a gross margin of…
-
Dollar gains ahead of Powell testimony; euro stabilizes By Investing.com
•
The U.S. dollar rose in early European trading on Tuesday, recovering from a one-month low ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro held firm amid a volatile French political climate. At 04:45 ET (08:45 GMT), the dollar index, which tracks the greenback against a basket…
-
Asia FX muted as dollar steadies ahead of Powell; yen remains fragile By Investing.com
•
Most Asian currencies fell on Tuesday as the dollar found some strength ahead of Federal Reserve Chairman Jerome Powell’s testimony, while the yen remained at 38-year lows. Sentiment towards Asia also remained tense amid ongoing concerns over new European tariffs on imports from China, which could trigger retaliatory measures from…
-
Copa Holdings Announces Second Quarter Financial Results Release Schedule By Investing.com
•
Panama City, July 8, 2024 /PR Newswire/ — Cuba Holding, a Saudi joint stock company (NYSE: NYSE:) announces the following events: Q2 2024 Earnings Release date: August 7, 2024 time: After the US market closes This version will be available on our website: https://copa.gcs-web.com/Financial-Information/Quarterly-Results Earnings Conference Call and Webcast date:…
-
Hedge funds face losses amid unexpected Tesla rally By Investing.com
•
Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
-
Dollar stabilizes ahead of key inflation data; euro gains By Investing.com
•
Investing.com – The U.S. dollar was steady in early European trade on Monday ahead of key inflation data, while the euro rose as traders digested the results of the French parliamentary election. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other…
-
Gilead Sciences stock upgraded by Raymond James on strong growth outlook for new drugs By Investing.com
•
On Monday, Raymond James changed its stance on Gilead Sciences Inc. (NASDAQ:GIL) stock, upgrading it from “market perform” to “outperform.” The firm also set a $93.00 price target for the biopharmaceutical company. This update is bolstered by promising data from the PURPOSE-1 study of lenacapavir, a long-acting HIV pre-exposure prophylaxis…
-
Asia FX muted as dollar weakens; euro steady as leftists lead French elections By Investing.com
•
Most Asian currencies were little moved on Monday, with the dollar suffering sharp losses amid growing expectations of interest rate cuts, while the Japanese yen held firm on data showing a recovery in average wages. Elsewhere, European stocks steadied after French election results showed a left-wing coalition won the most…
-
US stock futures edge lower with Powell testimony, CPI data on tap By Investing.com
•
U.S. stock index futures were slightly lower in overnight trading on Sunday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more cues on interest rates this week. Futures were steady after Wall Street surged to record highs on Friday as weaker-than-expected data…
-
Two risks to the AI tech rally By Investing.com
•
Yardeni Research analysts have raised concerns about the continued rise of AI technology, identifying two key risks that could hamper the sector’s massive growth. While AI promises to revolutionize industries, there are signs of “AI hyperinflation” that warrant caution. First, the unprecedented influx of money into AI startups is a…