Category: posts
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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…
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Medexus Pharmaceuticals posts record annual revenue By Investing.com
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Medexus Pharmaceuticals (MDP.V) has announced a record revenue of $113.1 million for the fiscal year 2024, along with a positive adjusted EBITDA of $19.5 million. Despite a decrease in revenue and gross profit for the fourth quarter, the company remains optimistic about the future, particularly with the potential approval of…
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South African rand drops on reported discord over cabinet posts By Reuters
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Written by Tanwar Anders JOHANNESBURG (Reuters) – The South African rand fell sharply on Thursday after media reports of a major rift between the pro-business Democratic Alliance party and President Cyril Ramaphosa over ministerial positions. At 1527 GMT, the rand was trading at 18.48 against the dollar, down 1.7% from…
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Used car retailer CarMax posts 33% drop in first-quarter profit By Reuters
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(Reuters) – CarMax reported a 33% drop in first-quarter profit on Friday, as lower profit margins on cars sold continued to weigh on the used car industry. Used car retailers have had a bumpy ride with profitability deteriorating over the past few years as new vehicle availability improves. Better offers…
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SAIC posts in-line Q1 earnings, slight revenue beat By Investing.com
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RESTON, VA – International Corporation (NASDAQ:) (NASDAQ: SAIC), a leading Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, in line with… Analysts’ expectations. Revenue for the quarter marginally beat expectations, coming in at $1.85 billion versus the consensus estimate of $1.84 billion, representing a slight increase…
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SAIC posts in-line Q1 earnings, slight revenue beat By Investing.com
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RESTON, VA – International Corporation (NASDAQ:) (NASDAQ: SAIC), a leading Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, in line with… Analysts’ expectations. Revenue for the quarter marginally beat expectations, coming in at $1.85 billion versus the consensus estimate of $1.84 billion, representing a slight increase…
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Renowned Economist Peter Schiff Mocks Bitcoin Believers In Scathing New Posts
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The famous chief economist and Bitcoin skeptic, Peter Schiff He is making headlines again with his latest controversial statement Mocking BTC. In an X (formerly Twitter) post filled with sarcasm, Schiff proposed a radical scenario where everyone gets rich after companies in the US sell their entire assets to invest…
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Renowned Economist Peter Schiff Mocks Bitcoin Believers In Scathing New Posts
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The famous chief economist and Bitcoin skeptic, Peter Schiff He is making headlines again with his latest controversial statement Mocking BTC. In an X (formerly Twitter) post filled with sarcasm, Schiff proposed a radical scenario where everyone gets rich after companies in the US sell their entire assets to invest…
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Mizrahi Tefahot posts NIS 1.27b profit, declares maximum dividend
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Mizrahi-Tefahot Bank released its first-quarter financials today, reporting a net profit of NIS 1.27 billion, 6.9% less than in the corresponding quarter of 2023, but 21% more than in the previous quarter, which was an unusually bad quarter. For all banks after the outbreak of war. The bank’s annual return…
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Photronics posts steady Q2 sales despite challenges By Investing.com
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Photronics , Inc. (NASDAQ:), a global leader in photomask manufacturing, reported a modest increase in second-quarter sales to $217 million, overcoming temporary market softness and an earthquake in Taiwan. The company experienced a slight disruption, with a $3 million reduction in sales attributed to the earthquake’s impact on production. However,…
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European chipmakers gain after Nvidia posts soaring revenues By Investing.com
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Investing.com – Shares of European chipmakers rose on Thursday, boosted by quarterly results from AI-focused semiconductor group Nvidia (NASDAQ:) that beat high expectations. Nvidia’s revenue in the three months through April 28 rose 262% from a year ago to $26 billion, beating Wall Street estimates of $24.7 billion. In the…
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XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
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XTX Markets’ global UK subsidiaries have published their 2023 financial results, revealing their profits fell by double digits. Despite this, the company’s management views the results positively, noting that 2022 was an exceptionally strong financial year. Net revenues and profits at XTX Markets UK fell sharply According to the report…
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Alpha Bank posts record profit since 2007, eyes dividend resumption By Investing.com
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Alpha Services and Holdings, the parent company of Alpha Bank (ALPHA.AT), reported a robust first-quarter profit of €211 million for 2024, marking the highest earnings the bank has achieved since the third quarter of 2007. The bank has expressed confidence in its full-year outlook, expecting to maintain strong performance with…
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Copart Posts Steady Q3 Earnings; Matches Estimates By Investing.com
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DALLAS – Copart, Inc. announced (NASDAQ:), the global leader in online auto auctions, announced its financial results for the third quarter ending April 30, 2024, with flat earnings per share (EPS) and an increase in revenue compared to the same quarter last year. The company reported third-quarter EPS of $0.39,…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…