Category: lifts
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Europe Defense Spending Lifts Stocks, Hurts Bonds: Markets Wrap
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(Bloomberg) – European bonds have declined and defense companies have risen to the possibility of increasing military spending, which may force governments to intensify borrowing in the coming years. Most of them read from Bloomberg All the prices of German, French and Italian bonds decreased, as Bund’s revenues for 10…
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January CPI reading lifts inflation, housing prices rise
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The consumer price index in Israel (CPI) increased by 0.6 % in January, according to the numbers issued by the Central Bureau of Statistics today. It was expected to increase analysts with an increase of 0.5 % -0.6 %, after the consumer price index decreased by 0.3 % in December…
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Asian Stocks to Rally as US Record High Lifts Mood: Markets Wrap
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Breadcrumb links BMN Business Asian shares are poised to advance on Thursday after US stocks hit a new high ahead of inflation data that could determine the Federal Reserve’s policy easing in the coming months. Article writer: Bloomberg News Richard Henderson Published on October 09, 2024 • 3 minutes read…
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Neutral sentiment lifts among retail investors By Investing.com
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Investing.com – Neutral sentiment has risen among retail investors, according to the latest American Association of Individual Investors (AAII) survey. The data reflects a shift in expectations regarding the short-term outlook for stocks, with both bullish and bearish sentiment seeing declines. Neutral sentiment — investors who expect stock prices to…
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Neutral sentiment lifts among retail investors By Investing.com
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Investing.com – Neutral sentiment has risen among retail investors, according to the latest American Association of Individual Investors (AAII) survey. The data reflects a shift in expectations regarding the short-term outlook for stocks, with both bullish and bearish sentiment seeing declines. Neutral sentiment — investors who expect stock prices to…
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European banks rise as UniCredit’s move on Commerzbank lifts M&A prospects to forefront By Reuters
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By Gianluca Lo Nostro and Philippe Leroy-Beaulieu (Reuters) – European banking shares extended their upward trend on Thursday, driven mostly by UniCredit’s performance report after it bought a 9 percent stake in Germany’s Commerzbank the previous day. The pan-European banking sub-index rose 1.9% by 1010 GMT, with analysts pointing to…
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ABN Amro lifts full-year interest income outlook on higher rates By Reuters
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By Leo Marchandon and Matteo Allevi (Reuters) – Dutch bank ABN Amro on Wednesday raised its full-year net interest income forecast to 6.4 billion euros ($6.98 billion) after beating second-quarter estimates, sending its shares up 3 percent. ABN Amro’s previous forecast of €6.3 billion was in line with 2023 levels.…
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T-Mobile lifts subscriber addition target on demand for premium bundled plans By Reuters
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By Harshita Mary Varghese (Reuters) – T-Mobile Inc raised its full-year forecast for monthly billable phone subscribers after seeing more customers than expected in the second quarter on strong demand for its discounted unlimited plans that include streaming features. The company’s shares were up 3.6% at midday Wednesday. U.S. wireless…
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Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement By Reuters
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(Reuters) – Thermo Fisher Scientific Inc (NYSE: ) on Wednesday raised its annual earnings forecast and reported better-than-expected second-quarter profit, citing improved demand for its instruments and services used in clinical trials. Contract drugmakers saw spending cutbacks from their biotech clients in 2023 amid rising interest rates. The public funding…
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‘Epic’ tech selloff will continue unless mega cap Tech lifts revenue guidance: GS By Investing.com
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The massive momentum reversal in favor of small-cap stocks at the expense of large-cap stocks is likely to continue, according to strategists at Goldman Sachs. Last week, small-cap companies posted a historic weekly performance versus large-cap companies, attributed to several factors, including slowing inflation and expectations that the Federal Reserve…
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Abbott posts Q2 earnings beat, lifts full-year outlook By Investing.com
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Abbott Park, Illinois – Abbott Laboratories The American healthcare company (NYSE:) reported second-quarter earnings that beat Wall Street expectations and raised its full-year adjusted earnings guidance, signaling confidence in its diversified healthcare portfolio. The company reported adjusted earnings per share of $1.14, beating analysts’ estimates of $1.11. Revenue for the…
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Gaza optimism lifts shekel to four-month strongest against dollar
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A report in the Washington Post about the possibility of a ceasefire in Gaza sent the shekel soaring and pushed the Tel Aviv Stock Exchange to near record levels. The shekel rose today against the US dollar and the euro. In late morning interbank trading, the shekel fell against the…
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Uniqlo owner lifts forecast again as weak yen powers sales from tourists By Reuters
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Written by Rocky Swift TOKYO (Reuters) – The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be a third straight year of record profit, helped by strong sales at home and some overseas markets. The domestic market has been a bright spot for Fast…
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Manchester United reports Q3 results, lifts 2024 revenue guidance By Investing.com
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Manchester United (NYSE:) raised its guidance for the full fiscal year 2024 after reporting third-quarter earnings results on Wednesday. The club’s shares were trading slightly lower in pre-market trading. For the full year, the club now expects revenue of £660m, up from a previous forecast range of between £635m and…
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Samsung flags better-than-expected profit rise as AI boom lifts chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday forecast a more than 15-fold jump in second-quarter operating profit, as a rebound in semiconductor prices driven by the artificial intelligence boom lifted earnings from a low a year ago. The world’s largest maker of…
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Judge partially lifts Trump hush money gag order By Reuters
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Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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Judge partially lifts Trump hush money gag order By Reuters
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Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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Deutsche Bank lifts S&P 500 target on strong earnings By Investing.com
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Strategists at Deutsche Bank increased their target for the end of the year to 5,500, compared to the previous 5,100. The review is based on a strong earnings cycle and the expectation that market confidence will grow by the end of the year, which should positively impact US stocks. “We…
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Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary
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Goldman Sachs has announced it will remove the bonus cap for hundreds of senior UK bankers, enabling star employees to receive bonuses of up to 25 times their annual salary. Richard Gnaud, CEO of Goldman Sachs International, revealed the change in a video message to employees, noting that it is…