Category: Reports
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…
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US to propose Basel rule revisions this month, Bloomberg reports By Reuters
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(Reuters) – The U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a set of proposed bank capital rules on Sept. 19, Bloomberg News reported on Friday, citing people familiar with the matter. The report added that the amendments could reach 450 pages and would include…
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Mixed U.S. Labor Market Reports Sent The U.S. Dollar All Over The Charts
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As markets debate the Fed’s next policy steps, updates on the U.S. labor market — which Fed members said they are watching closely — are sure to make market participants nervous. On Thursday, a report was issued by Challenger, Gray and Christmas reversed 75,891 job cuts in Augustthe highest August…
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17EdTech reports strong Q2 revenue growth amid challenges By Investing.com
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17EdTech, a leading provider of educational technology solutions, has reported a significant quarter-to-quarter revenue growth of 165% in the second quarter of 2024. The company’s Chief Financial Officer, Michael Du, highlighted the robust progress in the core business, driven by expansion and contract winnings in new potential areas. Despite the…
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Reports of dollar’s demise are greatly exaggerated, JPMorgan says By Reuters
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By Mark Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are off the mark, despite some dramatic signs of change in commodity markets and some trading blocs, JPMorgan said on Wednesday. JPMorgan said the rise of China and the use of economic…
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Reports of dollar’s demise are greatly exaggerated, JPMorgan says By Reuters
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By Mark Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are off the mark, despite some dramatic signs of change in commodity markets and some trading blocs, JPMorgan said on Wednesday. JPMorgan said the rise of China and the use of economic…
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Titan Machinery Inc. reports Q2 fiscal 2025 results By Investing.com
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Titan Machinery Inc. (NASDAQ: NASDAQ:) disclosed its financial results for the second quarter of fiscal 2025, revealing a net loss amid challenging market conditions. The company, which operates in the agricultural and construction industries, is grappling with lower demand due to decreased net farm income and increased interest rates. To…
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Titan Machinery Inc. reports Q2 fiscal 2025 results By Investing.com
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Titan Machinery Inc. (NASDAQ: NASDAQ:) disclosed its financial results for the second quarter of fiscal 2025, revealing a net loss amid challenging market conditions. The company, which operates in the agricultural and construction industries, is grappling with lower demand due to decreased net farm income and increased interest rates. To…
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Ulta Beauty reports disappointing earnings after Warren Buffett’s Berkshire Hathaway takes stake
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Ulta Beauty’s (ULTA) glow-up period may have come to an end. The cosmetics retailer reported second-quarter results Thursday after the market closed that missed expectations across the board. Revenue came in at $2.55 billion, compared with an expected $2.62 billion. Earnings per share of $5.30 also fell short of the…
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Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports By Reuters
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(Reuters) – Former U.S. media executive Edgar Bronfman Jr. is open to having Shari Redstone stay involved with Paramount Global if its special committee accepts his union’s offer to buy out the company’s controlling shareholder, National Amusements, CNBC reported on Friday. On Wednesday, Bronfman beefed up his bid for Paramount,…
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Cava reports juicy earnings as steak launch, sales growth pushes stock to all-time high
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CAVA is offering some tasty numbers to its investors. After the market closed on Thursday, the Mediterranean fast-food chain reported second-quarter results that beat estimates across revenue, earnings and same-store sales. Net sales rose 35.2% year over year to $233.5 million, compared with expectations of $219 million. Adjusted earnings per…
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X Financial reports solid Q2 with record net income By Investing.com
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X Financial (ticker: XYF) has announced a solid performance for the second quarter of 2024, with President Kan Li expressing pleasure over the company’s significant year-on-year growth in net income, which reached a record high despite a decline in loan volume. The company’s proactive management of loan volumes, focusing on…
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AstraZeneca warns of moving UK vaccine production to US, FT reports By Reuters
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(Reuters) – AstraZeneca has warned it may move vaccine manufacturing from the United Kingdom to the United States amid a standoff with the new Labour government over plans to cut state aid, the Financial Times reported on Thursday. UK finance minister Rachel Reeves wants to cut government funding for the…
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BitFuFu reports Q2 results (NASDAQ:FUFU)
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BitFuFu Press Release (NASDAQ: FOFO): Total revenues in the second quarter were $129.4 million, an increase of 69.7% compared to $76.3 million in the same period in 2023. Revenue from cloud mining solutions was $77.0 million, up 66.8% compared to $46.2 million in the same period. For the year 2023.…
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Plus500 reports strong Q2, forecasts above expectations By Investing.com
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Shares of Plus500 (LON:) rose today after the company posted a bullish outlook for its full-year results, suggesting it expects to beat market expectations. At 4:22 a.m. (0822 GMT), Plus500 shares were up 4.4% at £2,538. “Expectations are up again, which suggests a strong management team with high confidence in…
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Mercari reports record-high revenue in FY’24, eyes growth By Investing.com
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Mercari, Inc. (4385.T), the popular online marketplace operator, has reported a record-high consolidated revenue and core operating profit for the fiscal year 2024. CEO Shintaro Yamada and CFO Sayaka Eda shared the company’s financial achievements and strategic outlook, highlighting a 9% year-on-year revenue growth and a core operating profit of…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…