Category: posts
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Bitcoin Posts First Weekly Decline Since Trump’s Election Win
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(Bloomberg) — Bitcoin posted its first weekly decline since Donald Trump’s election victory, as a dovish outlook for Federal Reserve policy dampened optimism about the president-elect’s embrace of the cryptocurrency sector. Most read from Bloomberg The largest digital asset fell 9.5% during the seven-day period to 10 a.m. Monday in…
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Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
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A week after Globes reported on Bank Leumi’s restrictions on deals related to contractor loans to homebuyers, the bank’s third-quarter financial statements released this morning contain clues as to the reasons for the decision. The bank’s mortgage portfolio was 10% larger at the end of September this year than it…
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Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
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A week after Globes reported on Bank Leumi’s restrictions on deals related to contractor loans to homebuyers, the bank’s third-quarter financial statements released this morning contain clues as to the reasons for the decision. The bank’s mortgage portfolio was 10% larger at the end of September this year than it…
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Robinhood Posts 165% Revenue Growth In Q3 Earnings Report
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This article is also available in Spanish. Robinhood, the popular American financial services company, is finally out of the woods. In its report for the third quarter ending September 30, 2024, the company revealed its results Revenue increased by 165%The total net deposits since the beginning of the year to…
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Solana Posts More Volume Than Ethereum, Layer-2s: $200 Incoming?
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Solana stands out as one of the most active networks, looking at engagement levels over the past few months. Despite concerns about FTX and whether asset allocation will lead to a dump, bulls are optimistic about what lies ahead. Stockholders expect SOL prices to rise in the coming days for…
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Solana Posts More Volume Than Ethereum, Layer-2s: $200 Incoming?
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Solana stands out as one of the most active networks, looking at engagement levels over the past few months. Despite concerns about FTX and whether asset allocation will lead to a dump, bulls are optimistic about what lies ahead. Stockholders expect SOL prices to rise in the coming days for…
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Airbus posts lower deliveries, wins bumper order from private customer By Reuters
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European planemaker Airbus said on Friday its deliveries fell in August after a sharp rise the previous month, a decline that analysts said leaves the company struggling to deliver strong year-on-year growth to meet an annual target. The aircraft maker said it has delivered 47 aircraft, down from 77 in…
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Kenya Airways posts first profit in 11 years
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Kenya Airways (KQ) has ended its losing streak by posting a net profit of Sh513 million in the first half of the year to June, helped by lower debt servicing costs. The airline last posted a profit of Sh384 million in the first half of the year to June 2013…
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Australia’s Westpac posts steady Q3 profit, helped by higher capital earnings By Reuters
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(Reuters) – Australia Westpac Banking New York Stock Exchange (NYSE:) Corp. said Monday that third-quarter net income was largely in line with a year ago, as higher gains on capital and protected deposits offset rising expenses and bad loans. Based on the company’s average quarterly performance in the first half…
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Mizrahi Tefahot posts highest Q2 ROE among Israel’s banks
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Mizrahi Tefahot Bank, Israel’s third-largest bank, reported a net profit of NIS 1.45 billion in the second quarter, up 3.4% from the same quarter in 2023. Mizrahi Tefahot is the second bank to report an increase in profits on an annual basis, after Bank Hapoalim. Discount Bank and Bank Leumi…
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Paramount Global writes down value of cable networks, posts first streaming profit By Reuters
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By Don Chmielewski (Reuters) – Paramount Global Inc wrote down about $6 billion in the value of its cable networks on Thursday even as the company’s broadcast business reported its first quarterly profit. The decline reflects shrinking viewership at cable networks like Nickelodeon, MTV and Comedy Central, which translates into…
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Mistras Group posts strong Q2 growth, eyes cash flow improvement By Investing.com
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Mistras Group (NYSE: NYSE:) reported a significant increase in financial performance for the second quarter of 2024, with notable revenue growth and a substantial rise in adjusted EBITDA. The company’s Aerospace and Defense segment experienced robust double-digit growth, contributing to the overall positive results. Despite these gains, Mistras Group acknowledged…
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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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Riot Platforms posts 52% decrease in Bitcoin production for Q2
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Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Riot Platforms posts 52% decrease in Bitcoin production for Q2
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Bitcoin mining company Riot Platforms has released its Q2 financial results, which showed a decline in cryptocurrencies mined due to the recent halving. Colorado-based Bitcoin (BTC) mining company Riot Platforms has revealed its financial results for the second quarter, highlighting a significant drop in mined cryptocurrency attributed to the recent…
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Evercore posts record Q2 revenues of $695 million By Investing.com
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Evercore Inc. (EVR) has announced its highest ever adjusted net revenues for a second quarter, reaching $695 million, marking a significant year-over-year increase. The robust performance was largely attributed to a 52% spike in adjusted advisory fees, which amounted to $568 million. This impressive growth is a reflection of the…
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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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Manufacturing posts largest loans slump of Sh39 billion
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Kenya’s manufacturing sector has been the hardest hit by the slowdown in private sector credit caused by higher commercial bank lending rates and rising non-performing loans. Total credit to the sector declined by Sh38.8 billion to Sh597.9 billion in the three months to end-March from Sh636.7 billion in December 2023.…
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Greenbrier posts record earnings and robust order backlog By Investing.com
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The Greenbrier Companies (NYSE:) have announced their highest earnings per share (EPS) and EBITDA in over four and a half years, marking a significant rebound since the pre-pandemic era. In the third quarter of fiscal 2024, the company achieved over $820 million in revenue and reported a gross margin of…
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South African rand rallies on hope DA and ANC can agree on cabinet posts By Reuters
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JOHANNESBURG (Reuters) – The rand rose in South Africa on Friday amid optimism that the Democratic Alliance and the African National Congress will reach an agreement on ministerial positions, a day after local media reported a major rift between the two parties. At 1503 GMT, the rand reached 18.24 against…