Category: Record
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Record £48 Million in Fines Levied by UK Watchdog on Audit Firms
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Britain’s accounting watchdog, the Financial Reporting Council, has imposed a record £48.2m in fines over the past year, after completing several high-profile investigations, including audits of Carillion and London Capital & Finance. The Financial Reporting Commission, which oversees the country’s audit and accountancy firms, has surpassed its previous record of…
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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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Group 1 Automotive sales set record high despite adverse weather, CDK disruptions (GPI)
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Group 1 for cars (New York Stock Exchange: GPIShares of Hyundai Motor Co. jumped to an all-time high on Wednesday as second-quarter results beat Wall Street expectations, with strong new vehicle sales offsetting recent disruptions caused by Hyundai Motor’s power outage that affected dealerships across the country and weather events…
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Expats in Kenya wire out record Sh87 billion
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Expatriates living and working in Kenya sent a record Sh86.99 billion back to their home countries in the year ending December 2023, data has shown, underscoring the improving wealth of foreigners in the country. The amount – equivalent to Sh7.25 billion monthly – represents a 24.3 percent increase from the…
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World leaders praise Biden’s record after he quits presidential race
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World leaders have praised Joe Biden after the US president announced he would not run for re-election in November. He is the first president since 1968 to withdraw from the presidential race. Biden, 81, has been under intense pressure from senior Democratic figures to step down after a disastrous debate…
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Dogwifhat rallies; PEPE, FLOKI record double-digit gains
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Dogwifhat is up over 58% in the past week and 3.8% at its last check on Saturday. The dog-themed coin is facing strong resistance at $1.6809, with additional resistance levels at $1.7204 and $1.8468. Dogwifhat (WIF), a token inspired by a popular internet image of a Shiba Inu dog wearing…
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Dogwifhat rallies; PEPE, FLOKI record double-digit gains
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Dogwifhat is up over 58% in the past week and 3.8% at its last check on Saturday. The dog-themed coin is facing strong resistance at $1.6809, with additional resistance levels at $1.7204 and $1.8468. Dogwifhat (WIF), a token inspired by a popular internet image of a Shiba Inu dog wearing…
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Home loans defaults hit record Sh40bn on interest rates rise
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The value of non-performing mortgage loans in Kenya reached a record high of Sh40 billion in December 2023 on the back of high interest rates and tough economic conditions faced by borrowers. The value of non-performing loans (NPLs) by mortgage lenders rose by eight per cent or Sh3 billion last…
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Chinese Investors Dump Record Amount of US Stocks and Bonds
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(Bloomberg) — Chinese investors sold a record amount of U.S. stocks and bonds in May as diplomatic tensions between the world’s two largest economies rose. Most Read from Bloomberg According to the latest data released by the U.S. Treasury Department on Thursday, funds in the Asian country sold $42.6 billion…
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D.R. Horton’s home sales forecast, $4 billion buyback send shares to record high By Reuters
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By Ananta Agarwal (Reuters) – D.R. Horton Inc cut its annual home sales forecast and beat Wall Street estimates for quarterly profit on Thursday, as historically low U.S. supply supported demand despite higher mortgage rates, sending its shares to a record high. The largest U.S. homebuilder by sales volume now…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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BHP hits record for full-year iron ore production, meeting guidance (NYSE:BHP)
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CUHRIG/E+ via Getty Images BHP (NYSE: BHP) said on Tuesday that it had identified Another record for annual iron ore production Meeting expectations, with steady production expected for next year. The world’s largest mining company by market value said in its report Operations Review for Fiscal Year 2024 It was…
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BHP hits record for full-year iron ore production, meeting guidance (NYSE:BHP)
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CUHRIG/E+ via Getty Images BHP (NYSE: BHP) said on Tuesday that it had identified Another record for annual iron ore production Meeting expectations, with steady production expected for next year. The world’s largest mining company by market value said in its report Operations Review for Fiscal Year 2024 It was…
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S&P 500, Dow surge to record highs as blue chip index gains over 700 points
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Investors are confident that the Federal Reserve will cut interest rates by the end of its meeting in September. As of Tuesday morning, markets were pricing in a 100% chance of a rate cut in September, According to CME FedWatch TooNo, up from 70% a month ago. The increased confidence…
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Watch These Berkshire Hathaway Price Levels After Stock Closes at Record High
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Source: TradingView.com Main Takeaways Berkshire Hathaway Inc. shares closed at a record high on Monday, boosted by gains in some of the company’s key holdings. The stock broke through a symmetrical triangle, a chart pattern that indicates a continuation of the current uptrend. The measuring principle projects a near-term price…
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S&P index moves back below record closing level
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Stocks fell and traded at new lows for the day. The S&P 500 has now fallen below its previous record close at 5633.92. The low just reached 5626.62 and is trying to rally back. The price has been trading above and below 5633.92 over the past few minutes of trading.…
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YTD Digital Asset Inflows Surge to $17.8B, Shattering 2021’s Record
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With prices still weak over the past week, cryptocurrency investment products saw significant buying activity, with inflows reaching $1.44 billion during the period. This brings the total year-to-date inflows to $17.8 billion, breaking the previous record set three years ago. However, despite this strong flow, CoinShares reported that trading volumes…
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The Dow Industrial Average average can’t close at a record but closes just above 40,000
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The Dow Jones Industrial Average hit an intraday high of 40,257, enough for a record close. The previous record close was on May 17, when the index closed above 40,000 for the first time ever at 40,003.60. However, late-day selling pushed the price below 40,000, before a last-minute rally brought…
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Stocks stride to record highs ahead of US inflation test
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By Tom Westbrook SINGAPORE (Reuters) – Stocks rose on Thursday as markets from Tokyo to New York hit record highs, as traders awaited U.S. data expected to show inflation is falling and pave the way for an interest rate cut in September. Bonds and the dollar remained steady, keeping the…