Category: Investing.com
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Dow, S&P 500, Nasdaq notch record close as cooling inflation boosts rate-cut hopes By Investing.com
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Investing.com – The Dow Jones, S&P 500 and Nasdaq closed at record levels on Wednesday, as consumer inflation fell more than expected after three months of bullish surprises, raising hopes for faster interest rates and sending Treasury yields sharply lower. At 16:00 EDT (20:00 GMT), it was up 349 points,…
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UBS raises EURSEK targets, cites Riksbank cut and inflation By Investing.com
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On Monday, UBS revised its stance on the Swedish Krona (SEK), adopting a moderately bearish outlook following the Riksbank’s recent decision to cut interest rates. The bank has revised its forecast for the exchange rate, and now expects it to reach 11.80 by the end of the second quarter, 11.90…
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BioAtla reports promising data in cancer drug trials By Investing.com
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BioAtla, a biotechnology company, has announced its first-quarter financial results and provided a business update, highlighting positive data from ongoing clinical trials and the potential for strategic partnerships. The company showcased encouraging results from its CAB-ROR2-ADC drug in treating head and neck cancer and is preparing for FDA guidance on…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Credit Agricole says EUR/JPY is overvalued By Investing.com
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Credit Agricole’s (OTC:) FAST FX model indicated that the currency pair appears overvalued, prompting the bank to recommend a sell trade. The model estimates that the short-term fair value of the EUR/JPY has fallen from a record high of 163.9110 to 162.1633. This shift is due to the rise in…
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Analysts don’t see Powell changing his dovish stance even if CPI surprises By Investing.com
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Economists at Wolfe Research provided their insights on the Fed’s outlook following comments made by Fed Chair Jerome Powell. Powell maintained his pessimistic stance yesterday, which is in line with his comments the previous month. He pointed to the ongoing rebalancing in the labor market, described the current interest rate…
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PATRIOT ALBEMARLE MOU CONCLUDED By Investing.com
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Vancouver, British Columbia, May 15, 2024 /PRNewswire/ – May 15, 2024 ” Sydney, Australia Highlights The two parties have mutually agreed not to extend the MOU, enabling Patriot to explore a broader range of strategic partnerships in the lithium sector. Patriot has succeeded and continues to attract significant interest throughout…
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TSS highlights substantial growth in Q1 2024 By Investing.com
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Technology Solutions Specialists (TSS) reported a significant increase in financial performance for the first quarter of 2024. The company’s revenue soared to $15.9 million, up from $6.6 million in the corresponding quarter of the previous year. This improvement is primarily attributed to heightened demand in the procurement business and the…
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Sony shares rally 10% as $1.6 bln buyback offsets weak earnings By Investing.com
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Investing.com — Japanese stocks of electronics group Sony Shares of Corp (TYO:) rose sharply on Wednesday after it announced a massive stock buyback and stock split, offsetting weak annual earnings and middling guidance. Sony shares jumped 10% to 13,170.0 yen, the highest level in nearly two months. The stock was…
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B&G Foods EVP buys $99,978 worth of company stock By Investing.com
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In a recent deal, Scott E. Lerner, Executive Vice President and General Counsel of B&G Foods, Inc. (NYSE:BGS), by purchasing shares of the company’s common stock. The transaction, which occurred on May 13, 2024, included the acquisition of 11,755 shares at a weighted average price of $8.5052 per share, for…
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BofA expects Apple ‘to be a net beneficiary of AI at the edge’ By Investing.com
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OpenAI, the maker of ChatGPT, held a “Spring Update” event on Monday, where it announced a new desktop app, updated web UI, and the launch of its most advanced model, GPT-4o. The demo showed how high-end devices, ranging from Macs and iPhones, can benefit from AI. By integrating voice, text…
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BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
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BuzzFeed Inc. (BZFD) has disclosed its financial results for the first quarter of 2024, revealing a revenue decrease of 18% year-over-year to $44.8 million. Despite the overall downturn, the company has seen a rise in programmatic advertising revenues and is focusing on artificial intelligence (AI) to enhance audience engagement and…
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NAT) “ 1Q 2024 Earnings Report By Investing.com
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Tuesday, May 14, 2024 Dear shareholders and investors, Please note that the 2024 Q1 earnings report is scheduled to be released on Wednesday, May 29, 2024 before the opening of the New York Stock Exchange. sincerely, Herbjörn HanssonFounder, Chairman and CEO Nordic American Tankers Ltd. www.nat.bm Cautionary statement regarding forward-looking…
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Dollar steady ahead of inflation data; sterling slips after job numbers By Investing.com
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Investing.com – The US dollar was flat on Tuesday, largely flat ahead of key inflation data likely to weigh on interest rate expectations. At 03:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.250, in range-bound trading. Dollar…
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European stocks mostly lower; ranges limited ahead of US inflation release By Investing.com
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Investing.com – European stock markets fell largely on Tuesday, as investors digested more corporate earnings ahead of the latest US inflation reports. At 03:15 EST (07:15 GMT), Germany’s stock index fell 0.1% and France’s index fell 0.1%, while the UK index rose 0.1%. Inflation in the United States to reduce…
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Wall Street digs deep into Enphase Energy By Investing.com
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In the rapidly evolving clean technology landscape, Enphase Energy, Inc. (NASDAQ:) is the subject of intense debate among Wall Street analysts. Known for its innovative approach to the global energy technology sector, Enphase has expanded its portfolio to include not only leading micro-inverter systems for solar PV devices but also…
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Asia FX muted as dollar steadies ahead of inflation data; yen fragile By Investing.com
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Investing.com — Most Asian currencies moved slightly on Tuesday, tracking a flat dollar, as traders remained largely focused on upcoming US inflation readings that are likely to weigh on interest rate expectations. The Japanese yen was also a point of focus, as continued weakness in the currency put traders on…
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Leatt reported a 19% decrease in total global revenue By Investing.com
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Leatt Corporation (TICKER: LEAT), known for its protective gear in the cycling and motorcycle industry, reported a mixed first quarter for 2024, with a 19% decrease in total global revenues compared to the same period last year. The company witnessed a decline in sales to global distributors but saw an…
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Axon president Joshua Isner sells over $13.6 million in company stock By Investing.com
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Axon Enterprise, Inc. (NASDAQ:) President Joshua Eisner has sold a significant portion of his holdings in the company, according to a recent filing with the Securities and Exchange Commission. The transactions, which occurred on May 9, 2024, included the sale of the Company’s common stock valued at more than $13.6…
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Ibotta stock rises as Goldman Sachs, Citi assume coverage By Investing.com
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Goldman Sachs analysts initiated coverage of Ibotta (IBTA) with a Neutral rating and a 12-month price target of $103, saying they see the stock “positively benefiting from a number of long-term secular growth themes within our sector in both countries.” Digital and grocery advertising. “In the current market environment, we…