Category: Investing.com
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Shutterstock share price target cut by Truist Securities on mixed quarterly results By Investing.com
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On Monday, Truist Securities revised its forecasts on… Stock struggle ,Inc. (NYSE:), a leading global provider of stock photography, stock footage, stock music and editing tools, by lowering its stock price target from $70.00 to $65.00. Despite the lower price target, the company maintained a Buy rating on the stock.…
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Dollar steadies as traders eye Federal Rate path following soft U.S. jobs data By Investing.com
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Investing.com – The US dollar steadied on Monday after falling the previous week on weaker-than-expected non-farm payrolls data, prompting traders to raise the timeline for possible interest rate cuts from the Federal Reserve this year. At 04:31 EDT (08:31 GMT), US Dollars, which tracks the greenback against a basket of…
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Asia FX dips as dollar steadies from payrolls plunge; yen reverses course By Investing.com
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Investing.com — Most Asian currencies fell on Monday as the dollar stabilized from Friday’s decline after weaker-than-expected jobs data led markets to increase bets on interest rate cuts by the Federal Reserve. The Japanese yen was the worst performer in Asia, as it reversed course after clear government intervention last…
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Rates to remain steady, but hawkish tilt likely amid sticky inflation By Investing.com
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Investing.com — The Reserve Bank of Australia is widely expected to keep interest rates steady on Tuesday, although investors were cautious about the bank taking a hawkish stance amid signs of steady inflation. The Reserve Bank of Australia is widely expected to keep interest rates at 4.35%, leaving them unchanged…
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Wall Street dives into Amgen’s diverse biopharma strategies By Investing.com
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Amgen Inc (NASDAQ:AMGN). Update the financial material Amgen Inc. continues In being a prominent force in the biopharmaceutical sector, with a focus on developing innovative treatments for serious diseases. The company’s involvement in areas such as oncology, cardiovascular disease, bone health, neuroscience, nephrology, infections, rare diseases, and its strategic interest…
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US stock futures rise as weak payrolls put rate cuts back on the menu By Investing.com
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Investing.com — U.S. stock index futures rose in afternoon trade on Sunday, following a strong session on Wall Street after weaker-than-expected labor data increased investors’ bets on a September interest rate cut. Some strong earnings also boosted sentiment, especially those from iPhone maker Apple, which reported a smaller-than-expected decline in…
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Wall Street delves into Alibaba’s strategic moves By Investing.com
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Explore the opinions of Wall Street experts with this ProResearch article, which will be available exclusively to InvestingPro subscribers soon. Delve deeper into the financial world with additional reports now available exclusively to Pro subscribers, including in-depth analysis of key players such as Pfizer (NYSE:) (PFE), Shopify (NYSE:) Inc. (SHOP),…
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Wall Street’s in-depth look at Coinbase’s trajectory By Investing.com
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Updated financial article: Coinbase (NASDAQ:) Global, Inc. (Stock symbol: COIN) Coinbase International (ticker: COIN) is facing a mixed financial outlook as analysts offer different views on the company’s future. The cryptocurrency market continues to offer growth opportunities, although Coinbase’s path is fraught with regulatory and competitive challenges. Company overview Coinbase…
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Wall Street dissects Cisco’s market dynamics By Investing.com
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In the dynamic and competitive landscape of the networking industry, Cisco Systems, Inc. continues to… (NASDAQ:) tops analyst discussions. The company, a leading IT and communications equipment company, has been navigating through strategic acquisitions and market shifts shaping its trajectory. Through a series of recent analyzes conducted by prominent financial…
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Wall Street Deep Dive into Darden Restaurants By Investing.com
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Market performance and industry trends Darden Restaurants (NYSE:), owner of popular dining brands like Olive Garden and LongHorn Steakhouse, continues to attract attention on Wall Street with its financial performance. The restaurant industry originally expected a +17% increase in the sector for the fourth quarter, and saw a revised average…
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Berkshire Hathaway trims Apple stake by 13% By Investing.com
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Warren Buffett’s Berkshire Hathaway (NYSE:) has reduced its stake in Apple (NASDAQ:), its quarterly earnings report showed today. Berkshire’s investment in Apple is now worth $135.4 billion, reflecting ownership of approximately 790 million shares. This adjustment indicates a 13% decrease in the company’s stake in the technology giant. However, Apple…
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Manitex International posts strong Q1 growth, maintains 2024 outlook By Investing.com
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Manitex International, Inc. (NASDAQ:), a leading international provider of cranes and specialized industrial equipment, reported robust financial results for the first quarter of 2024. The company saw an 8% organic revenue growth and a significant 33% increase in EBITDA compared to the same period last year. This performance is attributed…
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Wall Street dives into Oracle’s cloud transition By Investing.com
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Oracle Corporation (NYSE:) continues to demonstrate its flexibility and adaptability in the ever-changing technology landscape. As a giant in enterprise software and cloud services, Oracle is strategically expanding its cloud offerings to maintain a competitive advantage. Recent analyzes conducted by financial institutions provide a multi-faceted view of Oracle’s market position,…
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Wall Street eyes Pinterest’s robust growth trajectory By Investing.com
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Pinterest Inc . (NYSE:NYSE:) is adapting to market dynamics through new partnerships and advertising strategies In the face of a changing digital landscape, Pinterest Inc. (NYSE: PINS) Important steps to stay ahead. Recent analyzes from leading financial entities highlight a company’s strategic decisions and their potential impact on its financial…
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Wall Street eyes Qualcomm’s future beyond exclusivity By Investing.com
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In the dynamic world of semiconductors and communications, Qualcomm (NASDAQ:) Inc. stands as a pivotal player, particularly known for its products and services in the wireless communications space. With its roots deeply entrenched in the technology that powers our smartphones and countless other devices, Qualcomm’s presence in the market is…
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Climb Global Solutions reports mixed Q1 results By Investing.com
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Climb Global Solutions (ticker not provided) has reported its financial results for the first quarter of 2024, revealing a mix of positive developments and challenges. The company saw double-digit organic growth in North America and benefits from its recent acquisition of DataSolutions in Europe. However, softer volumes with key vendors…
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Amicus Therapeutics CEO sells $75,523 in stock, buys options By Investing.com
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Amicus (NASDAQ:) Therapeutics, Inc. (NASDAQ:FOLD) President and CEO Bradley L. Campbell recently engaged in transactions involving the company’s common stock, according to a new filing with the Securities and Exchange Commission. On May 1, 2024, Campbell sold 7,500 shares of his stock Amicus Treatments With a weighted average price of…
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Japanese yen rises, USDJPY hits 3-week low on suspected intervention By Investing.com
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Investing.com — The Japanese yen rose on Friday, with the USD/JPY pair hitting a three-week low after sharp declines this week that traders largely attributed to government intervention. The pair, which measures the amount of yen needed to buy one dollar, was trading 0.2% higher at 153.34 yen. It had…
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Magna shares tumble 5% on earnings miss By Investing.com
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Aurora, Ontario – Magna International (NYSE:) Inc. (TSX: MG; NYSE: MGA) reported a significant earnings loss in the first quarter of 2024. The auto supplier reported adjusted earnings per share (EPS) of $1.08, below analyst consensus of $1.25. Despite meeting revenue expectations of $10.97 billion, which was in line with…
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Dollar on back foot ahead of jobs report; yen on track for hefty weekly gains By Investing.com
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Investing.com – The US dollar fell slightly on Friday, as activity eased ahead of the widely watched monthly US jobs report, and the Japanese yen braced for its next week in more than a year. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket…