Category: Reports
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Citi reports solid Q2 amid regulatory scrutiny By Investing.com
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Citigroup Inc. (NYSE:) reported a strong second quarter for 2024, with a net income of $3.2 billion and earnings per share (EPS) of $1.52. The bank saw revenues increase by 4%, with notable growth in its Services, Markets, Wealth, and US Personal Banking divisions. Despite the positive financial performance, Citigroup…
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Wells Fargo reports mixed Q2 results, plans dividend hike By Investing.com
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Wells Fargo & Company (WFC) reported its second-quarter financial results, revealing both strengths and challenges as it continues its transformation journey. CEO Charlie Scharf emphasized the growth in fee-based revenue and strategic improvements in the credit card and corporate investment bank sectors. Despite a decrease in net interest income and…
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Vista Oil & Gas reports robust growth in Q2 2024 By Investing.com
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Vista Oil & Gas (ticker: VISTA) has reported significant growth in production and financial performance in its second quarter of 2024. The company’s total production surged by 40% year-over-year to 65,300 barrels of oil equivalent per day (BOEs per day), with oil production alone increasing by 46%. Total revenues for…
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Goldman challenges Fed’s demand it hold more capital after stress test, FT reports
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Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” conducted by the Fed, which is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress test…
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Goldman challenges Fed’s demand it hold more capital after stress test, FT reports By Reuters
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(Reuters) – Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” by the Fed that is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress…
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Fitness guru Richard Simmons dead at 76, media reports say By Reuters
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By Rich Mackay (Reuters) – Fitness guru Richard Simmons has died at the age of 76, multiple media outlets, including ABC News and TMZ, reported. His housekeeper reportedly found him unconscious on Saturday morning and the Los Angeles Police Department was called. TMZ reported that police are treating the incident…
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Tesla delays robotaxi launch to October from August, Bloomberg News reports By Reuters
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Tesla Inc. has delayed the launch of a robotaxi by about two months until October after the design team was asked to redesign some elements of the vehicle, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla (NASDAQ:TSLA), which is betting on self-driving vehicles over…
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Manchester United reports Q3 results, lifts 2024 revenue guidance By Investing.com
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Manchester United (NYSE:) raised its guidance for the full fiscal year 2024 after reporting third-quarter earnings results on Wednesday. The club’s shares were trading slightly lower in pre-market trading. For the full year, the club now expects revenue of £660m, up from a previous forecast range of between £635m and…
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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
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Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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Revolut CEO to sell part of stake in $500 million share sale, Sky News reports By Reuters
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(Reuters) – Nikolai Storonsky, chief executive of British fintech firm Revolut, will sell part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers to…
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What Caused the Majority of Crypto Thefts in Q2 2024? SlowMist Reports
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Private key leaks have been identified as the leading cause of cryptocurrency thefts in Q2 2024 by cybersecurity firm SlowMist’s investigative arm, MisTrack. The report highlighted several instances where users stored their private keys or mnemonic phrases in cloud storage services such as Google Docs, Tencent Docs, Baidu Cloud, and…
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What Caused the Majority of Crypto Thefts in Q2 2024? SlowMist Reports
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Private key leaks have been identified as the leading cause of cryptocurrency thefts in Q2 2024 by cybersecurity firm SlowMist’s investigative arm, MisTrack. The report highlighted several instances where users stored their private keys or mnemonic phrases in cloud storage services such as Google Docs, Tencent Docs, Baidu Cloud, and…
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Weak U.S. Jobs Reports Extended The Dollar’s Losses On Wednesday
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The United States released a batch of economic data on Wednesday that could give markets clues to the outcome of Friday’s U.S. nonfarm payrolls report: the Challenger Report The data showed that U.S. employers announced 48,786 job cuts in June, down 23.6% from May but still 19.8% higher than June…
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USDCAD moves down toward low of multi-week range ahead of jobs reports on Friday
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The USD/CAD pair continued its downward movement today on the back of lower interest rates and weaker US data. Technically, the price moved below the 100 and 200-bar moving averages on the 4-hour chart yesterday, and remained below those moving averages in the early Asian session today, before moving lower…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports By Reuters
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ZURICH (Reuters) – French billionaire Bernard Arnault, Europe’s richest man and head of the high-end fashion division of champagne group LVMH, has bought a stake in smaller luxury goods rival Richemont, Bloomberg reported on Tuesday. The exact size of the Cartier jewelery owner’s shareholding and Arnault’s intentions are unclear, the…