Category: Investing.com
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Asia FX weak with US inflation in sight; China tariff fears dent yuan By Investing.com
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Investing.com — Most Asian currencies were modestly lower on Friday as the dollar stabilized from overnight declines, with focus shifting squarely towards key US inflation data due next week, which is likely to provide further signals on interest rates. The Chinese yuan fell, as did currencies with trade exposure to…
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Brookfield Corporation reports strong Q1 financials By Investing.com
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Brookfield Corporation (ticker: BAM), a leading global alternative asset manager, has reported robust financial results for the first quarter of 2024. The company’s distributable earnings before realizations reached $1 billion for the quarter, marking a 10% increase from the previous year. A significant milestone was achieved through the acquisition of…
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HCI Group reports robust Q1 results, eyes expansion By Investing.com
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HCI Group Inc. (NYSE:) has announced a strong start to 2024, with pre-tax income reaching $77.4 million and earnings per share at $3.81 for the first quarter. The company’s growth has been fueled by increased premiums, higher investment income, and improved loss trends, alongside a decline in expense ratios. HCI…
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Editas Medicine outlines strategic pillars for 2024 By Investing.com
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Editas Medicine (NASDAQ:) has reported significant strides in its first quarter of 2024, focusing on delivering innovative treatments for genetic diseases. The company emphasized its strategy, which includes advancing its gene editing therapy reni-cel towards commercialization, developing an in vivo editing pipeline, and enhancing business development to monetize intellectual property.…
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UBS looks to history for USD/JPY guide By Investing.com
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Investing.com – The yen is struggling to hold on to any gains against the US dollar, even after official intervention last week, but UBS still sees potential for the pair to decline in the medium term. At 10:30 EST (14:30 GMT), USD/JPY was trading 0.1% higher at 155.64 yen, just…
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Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE By Investing.com
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Investing.com – The US dollar rose on Thursday, trading in a narrow range ahead of important US inflation data next week, while the pound fell ahead of the Bank of England’s policy meeting. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six…
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AppLovin shares target raised by BTIG on strong 1Q24 performance By Investing.com
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On Thursday, BTIG revised its outlook on AppLovin Corp (NASDAQ:) shares, increasing the price target to $100 from $87 previously, while reiterating a Buy rating on the stock. The decision comes on the heels of AppLovin’s Q1 2024 results, which exceeded both consensus expectations and higher buy-side expectations, primarily due…
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ZoomInfo Q1 2024 results show stable growth amid SMB challenges By Investing.com
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ZoomInfo Technologies Inc. (ZI) has announced its financial results for the first quarter of 2024, revealing a revenue of $310 million—a 3% year-over-year increase. The company’s adjusted operating income reached $119 million, maintaining a solid margin of 39%. Despite facing difficulties in the small and medium-sized business (SMB) sector, ZoomInfo…
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EM Asia sees capital outflows in April amid rate jitters, M.East tensions- ANZ By Investing.com
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Investing.com — Emerging markets in Asia, excluding China, saw sharp capital outflows in April, ANZ analysts said in a note, as appetite for risk-driven assets was hit by expectations of delayed US interest rate cuts and geopolitical tensions. Asian stocks outside China saw total portfolio outflows of $5.9 billion in…
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Asia FX muted, Japanese yen pauses losses after BOJ warning By Investing.com
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Investing.com — Most Asian currencies moved in a flat-to-low range on Thursday as markets sought more signals on U.S. interest rates from Federal Reserve officials and upcoming inflation data. The Japanese yen saw some resilience, with the pair pausing its recent decline following somewhat hawkish comments from the Bank of…
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US stock futures move sideways with more Fedspeak, rate cues on tap By Investing.com
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Investing.com — U.S. stock index futures traded sideways in overnight trade Wednesday, as a recent rebound on Wall Street stalled after a series of Federal Reserve officials warned that interest rates will remain high for longer. This puts more Fed officials’ upcoming addresses on Thursday and Friday squarely into focus,…
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Dollar pushes higher; Fed speakers in focus By Investing.com
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Investing.com – The US dollar rose on Wednesday, rebounding from recent weakness as several Federal Reserve officials spoke out. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, was up 0.2% at 105.500, pulling away from a nearly one-month…
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UR-Energy stock price target cut on first quarter performance By Investing.com
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On Wednesday, HC Wainwright revised its price target on shares of UR-Energy (NYSE:), a uranium mining company, to $3.30 from $3.40 previously, while maintaining a Buy rating on the stock. This change comes in the wake of the recent disclosure of the company’s financial performance for the first quarter of…
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Emerson shares inch up on earnings, revenue beat By Investing.com
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street. LOUIS – Emerson Electric Company (NYSE: NYSE:) reported stronger-than-expected second-quarter performance, with adjusted earnings per share (EPS) and revenue beating analysts’ expectations. EMR shares rose 0.9% in pre-market trading. The company reported second-quarter adjusted EPS of $1.36, which beat analysts’ estimates of $1.25. Revenue also beat expectations, coming in…
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Asia FX weakens, dollar firms as markets rethink rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday, while the dollar rose on comments from Federal Reserve officials that made markets rethink their expectations for a U.S. interest rate cut. The Japanese yen’s performance remained weak among its peers, falling against the dollar even as government officials continued their warnings…
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Dollar steadies after payrolls-linked fall; yen falls again By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, trying to bounce back from sharp losses at the end of last week, while the Japanese yen fell despite further threats of intervention. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the US currency against a…
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Kosmos Energy stock gains as Q1 earnings top estimates By Investing.com
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Dallas – COSMOS ENERGY LIMITED . (NYSE:) reported earnings beat for the first quarter of 2024, with adjusted earnings per share (EPS) coming in at $0.21, beating analysts’ expectations by $0.04. However, the company’s revenue of $419.1 million was below the consensus estimate of $422.68 million. Despite the slight shortfall…
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USD/JPY buyers face ‘treacherous’ path ahead as Japan likely to intervene again By Investing.com
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Investing.com – The bet on the dollar against the yen has been a hot forex trade that has dominated flows, but the trade could now head down a “treacherous” path ahead, Macquarie warns, with Japan likely to follow suit. Last week’s intervention that sent the Japanese currency higher amid revived…
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Stronghold Digital Mining beats Q1 EBITDA expectations By Investing.com
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In the first quarter of 2024, Stronghold Digital Mining (NASDAQ: SDIG) reported a significant beat on its EBITDA guidance, achieving nearly $9 million against the over $5 million that was forecasted. The company, which prides itself on being an environmentally beneficial and vertically integrated miner, highlighted its low cost of…