Category: Investing.com
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Medexus Pharmaceuticals posts record annual revenue By Investing.com
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Medexus Pharmaceuticals (MDP.V) has announced a record revenue of $113.1 million for the fiscal year 2024, along with a positive adjusted EBITDA of $19.5 million. Despite a decrease in revenue and gross profit for the fourth quarter, the company remains optimistic about the future, particularly with the potential approval of…
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A Balancing Act By Investing.com
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The Indian Rupee (INR) has been under the vigilant watch of the Reserve Bank of India (RBI), which has focused on maintaining stability and reducing volatility. Although this strategy is effective in the short term, it has its complications and potential consequences in the long term. The Reserve Bank of…
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Apogee shares rise nearly 4% on upbeat guidance and earnings beat By Investing.com
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MINNEAPOLIS – Apogee (NASDAQ:) Enterprises, Inc. announced today: (NASDAQ: APOG) today reported an impressive first-quarter fiscal 2025 performance with a big beat on its earnings and revenue forecasts, along with elevated full-year earnings expectations. Apogee stock responded positively to the news, rising 3.8%. The company reported first-quarter adjusted diluted EPS…
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Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
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Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Dollar rises on hawkish Fed talk; key inflation data looms By Investing.com
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The US dollar rose on Wednesday, supported by hawkish comments from Federal Reserve officials, while declining consumer confidence weighed on the euro. At 03:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.480. Dovish Fed comments boost…
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S&P 500 wavers as Nvidia gives up gains By Investing.com
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Investing.com – U.S. stocks fell on Wednesday, as Nvidia gave up early gains to cap the broader move in technology just days before key inflation data. At 18:45 ET (17:45 GMT), it traded 36 points, or 0.1% higher, down 0.1%, and up 0.20%. Nvidia is giving up its gains to…
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Grocery Outlet Announces Fourteenth Annual Independence from Hunger Campaign By Investing.com
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The annual food drive effort encourages contributions through in-store incentives and online donation opportunities to combat national food insecurity EMERYVILLE, Calif., June 26, 2024 (GLOBE NEWSWIRE) — Grocery Outlet Holding Corp. has launched… (NASDAQ: NASDAQ:) (“Grosery Outlet” or the “Company”) today opened its 14th storeD Independence From Hunger Cascade Food…
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Asia FX weakens as dollar steadies; yen back near intervention range By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday as anticipation for key U.S. inflation data left traders largely favoring the dollar, with the Japanese yen approaching levels that sparked the latest government intervention. The Australian dollar was an outlier during the day, rising sharply after a hotter-than-expected inflation reading sparked…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Dollar edges higher; inflation data and political debate loom By Investing.com
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Investing.com – The US dollar rose on Tuesday, as safe havens benefited from weakness on Wall Street, although gains were limited ahead of key inflation data later in the week. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies,…
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Safety Shot Announces Strategic Partnership with Chip Quigley and Ari Freedman By Investing.com
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executive managers will support Company with Deep experience in the entertainment fieldDevelopment and distribution Jupiter, Florida., June 25, 2024 /PRNewswire/ — Safety Shot (Nasdaq: SHOT) today proudly announces a strategic partnership with… Chip QuigleyFounder and CEO of Kingdom Entertainment GroupAnd Ari Friedmanan experienced executive at Surge Brands, to advise across…
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Lantronix to Demo Percepxion Edge AI Solution Prototype at Qualcomm AI Workshop on June 25, 2024 By Investing.com
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Lantronics (NASDAQ:) will preview Percepxion’s seamless integration with the Qualcomm (NASDAQ:) AI Hub IRVINE, Calif., June 25, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. announced… (NASDAQ: LTRX), a global leader in computing, connectivity and IoT solutions, today announced that it will demonstrate the seamless integration of the Percepxion™ Edge AI Solution…
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Goldman Sachs bullish on China shareholder returns By Investing.com
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Investing.com — A trend of increasing shareholder returns among Chinese companies, especially through dividends and buybacks, is taking shape in China, Goldman Sachs analysts wrote in a note. GS said it was bullish on the issue of shareholder returns in Chinese stocks, noting that the trend had been a “rewarding…
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Chinese yuan softens, USDCNY at 7-mth high on weak fix, trade jitters By Investing.com
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Investing.com — The Chinese yuan fell on Tuesday, with the key USD/CHN yuan pair hitting a seven-month high after a weak mid-term reform by the People’s Bank of China, while concerns about the trade war with the West were also present. The yuan pair, which measures the number of yuan…
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Salesforce executive sells over $15k in stock By Investing.com
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Share CEO of Salesforce, Inc. (NYSE:) Sundeep G. Reddy, the company’s executive vice president and chief accounting officer, recently entered into transactions related to the company’s stock, according to its latest SEC filings. Reddy sold a total of 65 shares of common stock at an average price of $242.3233, resulting…
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Pool Corporation sheds 11.6% after-hours, adjusts 2024 earnings guidance By Investing.com
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Investing.com – Pool Corporation (NASDAQ:) fell more than 11% in after-hours trading Monday as the company revised its 2024 earnings guidance amid slowing demand during pool season. For the year-to-date period, Pool Corporation’s sales are down approximately 6.5% compared to the same period in 2023. This is largely due to…