Category: Markets
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10 learnings from this earnings season By Investing.com
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The second quarter saw a mix of positive and negative surprises, leading to increased market volatility in recent weeks. In a note to clients published Wednesday, analysts at Societe Generale highlighted 10 lessons learned from the ongoing reporting season. 1)’Strong EPS, Weak SalesIn the second quarter, 78% of companies exceeded…
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This is the mother of all risks, Piper Sandler warns By Investing.com
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In a stark warning, Piper Sandler has called the slowdown in global population growth “the mother of all risks.” This demographic shift has profound implications for economic stability and global growth. Slowing population growth, especially among the working age group, is expected to create significant economic headwinds. Declining global population…
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Buffett a ‘core believer’ in Apple
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Berkshire Hathaway (NYSE:) sold about half its stake in Apple Inc., even as the company posted record quarterly operating profit, earnings data showed on Saturday. Berkshire Hathaway sold nearly 390 million shares of Apple Inc. (NASDAQ:AAPL) stock in the second quarter, on top of the 115 million shares sold from…
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Weekly Market Outlook (05-09 August)
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Upcoming Events: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed SLOOS. Tuesday: Average cash income in Japan, RBA monetary policy decision, Swiss unemployment rate and retail sales, Eurozone retail sales, Canada services PMI. WednesdayNew Zealand Labour Market Report, Bank of Canada Meeting Minutes. Thursday:Bank of Japan…
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Upgrade for PayPal; downgrades for Etsy, Lululemon By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! arm Collectibles – Monday What happened? On Monday, HSBC downgraded Arm Holdings (NASDAQ:) to Reduce with a price target of $105.…
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‘The best is yet to come’ By Investing.com
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Following Apple (NASDAQ:)’s latest earnings report, analysts took a look at the stock, highlighting a generally positive outlook. Despite varying degrees of enthusiasm, analysts suggest that the best is yet to come for Apple. Bernstein Bernstein praised Apple’s fiscal third-quarter performance, noting that the results were “modestly ahead of consensus”…
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Warren Buffett’s Berkshire sold nearly half of its Apple stake By Investing.com
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Warren Buffett-led Berkshire Hathaway (NYSE: ) has significantly reduced its investment in Apple (NASDAQ: ) , selling nearly half of its shares in the tech giant. According to the latest earnings report, Berkshire’s Apple stake was worth $84.2 billion by the end of the second quarter, indicating that it had…
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Champion Iron posts record sales, focuses on green growth By Investing.com
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Champion Iron Limited (CIA.TO) has announced its first quarter results for the fiscal year 2025, showcasing a period of robust performance and strategic advancements. The company achieved record sales, crossing the 3.4 million tonnes mark, and produced approximately 3.9 million tonnes of high-grade iron ore. A notable achievement during the…
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FCR reports solid Q2 with record rental rates and growth By Investing.com
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In the second quarter of 2024, First Capital Realty (FCR) showcased a strong financial and operating performance with a 50% increase in lease transactions compared to the previous quarter, setting a record average net rental rate of $23.73. They successfully issued CAD 300 million in bonds, and their net asset…
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FCR reports solid Q2 with record rental rates and growth By Investing.com
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In the second quarter of 2024, First Capital Realty (FCR) showcased a strong financial and operating performance with a 50% increase in lease transactions compared to the previous quarter, setting a record average net rental rate of $23.73. They successfully issued CAD 300 million in bonds, and their net asset…
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Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports By Reuters
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(Reuters) – Jason Windsor, the chief financial officer of British fund manager Aberdeen, is the frontrunner to take over as chief executive of the company after Stephen Bird leaves, the Financial Times reported on Saturday. The newspaper reported, citing two sources close to the process, that Windsor could be formally…
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Goldman Sachs now sees three consecutive Fed rate cuts this year
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Goldman Sachs economists now expect the Fed to cut rates by 25 basis points at each of the three remaining meetings this year. They previously expected two rate cuts. “Today’s report suggests that the slowdown in labor market conditions has now gone beyond what was welcome,” Goldman notes. In addition,…
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Citigroup forecasts 50 basis point cuts in September and November
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Warren Buffet is selling stocks. A lot By Investing.com
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Warren Buffett’s Berkshire Hathaway significantly reduced its exposure to stocks in the second quarter, new filings show. The company’s financial statements indicated that it sold a net share of $75.5 billion in the three months through June. Buffett was seen selling nearly half of his stake in Apple Inc. (NASDAQ:)…
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Warren Buffet is selling stocks. A lot By Investing.com
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Warren Buffett’s Berkshire Hathaway significantly reduced its exposure to stocks in the second quarter, new filings show. The company’s financial statements indicated that it sold a net share of $75.5 billion in the three months through June. Buffett was seen selling nearly half of his stake in Apple Inc. (NASDAQ:)…
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Australia, NZ dollars grapple with risk aversion as US growth fears weigh By Reuters
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SYDNEY (Reuters) – The Australian dollar held near three-month lows on Friday after weak U.S. data fueled fears of a sharp slowdown in the world’s largest economy, prompting investors to seek refuge in the safe-haven yen and Swiss franc. The single currency was steady at $0.6501, having fallen 0.5% overnight…
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A technical look at the S&P and Nasdaq indices. Both trading near key levels.
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The Nasdaq opened lower, then rallied and briefly moved above the 100-day moving average at 16,876.83. Just above that is the 50% retracement of the move up from the May low to the July high. That level reached 16,946.92. Today’s high reached 16,920.63 between the two levels. Buyers have turned…
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Music labels’ AI lawsuits create new copyright puzzle for US courts By Reuters
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By Blake Brittany (Reuters) – Country singer Tift Merritt’s most popular song on Spotify (NYSE: NYSE: ) is a ballad with lyrics evoking isolation and the open road. Prompted by Reuters to create an “American Tift Merritt-style song,” artificial intelligence music site Udio instantly generated “Holy Grounds,” a ballad with…