Category: Investing.com
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Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
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Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…
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Asia FX on guard before payrolls data, yen rebounds amid likely intervention By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, benefiting from a lower dollar as markets retreated ahead of key US jobs data that is likely to weigh on interest rates. The dollar was also under pressure due to the recovery of the Japanese yen, which moved further away from…
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Kimbell Royalty Partners posts record Q1 results By Investing.com
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Kimbell Royalty Partners (NYSE:), an owner of oil and mineral and royalty interests in the U.S., reported a record-setting first quarter in 2024 with new highs in daily production, revenue, and EBITDA. The company announced a distribution increase of 14% to $0.49 per common unit and remains optimistic about the…
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Exelon reports steady progress and regulatory wins By Investing.com
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Exelon Corporation (NASDAQ:) has reported its first quarter earnings, indicating a solid performance with earnings of $0.66 per share on a GAAP basis and $0.68 per share on a non-GAAP basis. The energy giant is on track to meet its annual financial expectations and has made significant strides on the…
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Consolidated Water Sets First Quarter 2024 Investor Conference Call for Thursday, May 16, 2024 at 11:00 a.m. ET By Investing.com
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GEORGE TOWN, Cayman Islands, May 02, 2024 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (:CWCO), a leading developer and operator of advanced water supply and treatment plants, held a conference call on Thursday, May 16, 2024 at 11:00 a.m. ET to discuss results for the first quarter ending March 31,…
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Dollar stabilizes after Powell speech; labor market data in focus By Investing.com
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Investing.com – The U.S. dollar steadied on Thursday after falling sharply overnight following Federal Reserve Chairman Jerome Powell ruling out any rate hikes, while the Japanese yen was volatile amid talk of intervention. At 06:00 EST (10:00 GMT), the dollar index, which tracks the greenback against a basket of six…
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Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
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Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…
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Trinity Industries posts strong Q1 results, raises EPS outlook By Investing.com
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Trinity Industries , Inc. (NYSE:) delivered a robust financial performance for the first quarter of 2024, marked by a significant 26% increase in revenue year-over-year. The company’s first quarter future lease rate differential (FLRD) reached 34.7%, which stands as the second-highest in the past four years. In light of these…
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Angi Inc. CTO Kulesh Shanmugasundaram sells shares worth over $25k By Investing.com
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(NASDAQ:ANGI) Chief Technology Officer Kulesh Shanmugasundaram recently sold a total of 11,748 shares of the company’s Class A common stock, according to a new filing with the Securities and Exchange Commission. The transaction, which executed on May 1, 2024, was worth more than $25,023, with the shares sold at an…
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Mastercard shares slide on Q1 revenue miss, updated guidance By Investing.com
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Mastercard (NYSE:) shares opened lower on Wednesday after the company printed its fiscal first quarter, reporting worse-than-expected revenue and operating margin. The payments processing giant reported first-quarter earnings per share (EPS) of $3.31, ahead of consensus estimates of $3.24. However, the company’s revenue of $6.3 billion is slightly lower than…
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Morgan Stanley ups Restaurant Brands International shares target on consistent performance By Investing.com
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On Wednesday, Morgan Stanley revised its outlook on Restaurant Brands International (NYSE:) shares, increasing the price target to $86 from $85 previously while maintaining an equal weight rating. The company cited modest and consistent performance across the company’s business segments, both in the top and bottom lines. Restaurant Brands International,…
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ADP reports earnings ahead of analyst estimates By Investing.com
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ROSELAND – The Automated Data Processing Company (NASDAQ:) posted a modest beat on third-quarter earnings, with adjusted EPS of $2.88, beating analysts’ estimates of $2.79. The company’s revenue also saw a slight increase, reaching $5.25 billion, slightly above the consensus estimate of $5.23 billion. The company’s shares saw a slight…
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Iterum resubmits NDA for new uUTI antibiotic By Investing.com
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DUBLIN – Iterum Therapeutics plc (NASDAQ:), a clinical-stage pharmaceutical company, announced today the resubmission of its New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for the oral antibiotic sulopenem etzadroxil/probenecid, intended for the treatment of uncomplicated urinary tract infections (uUTIs) in adult women. This resubmission marks…
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Volatile Japanese yen movements suggest intervention; here’s how we can confirm By Investing.com
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Investing.com – The Japanese yen has seen some volatile trading this week, raising speculation that the country’s authorities have intervened to try and stem its seemingly relentless decline. Here’s how we can confirm the intervention. At 11:15 ET (15:15 GMT), the pair traded 0.7% higher at ¥157.37, after climbing as…