Category: robust
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US Inflation Is Set to Back Fed Pause After Robust Jobs Data
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Breadcrumb Trail Links PMN Business Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling…
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Oil falls on demand growth concerns, robust dollar
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Written by Ghislaine Lehr SINGAPORE (Reuters) – Oil prices fell on Friday on concerns about demand growth in 2025, especially in China, the largest importer of crude, putting global oil standards on track to end the week down about three percent. Brent crude futures fell 33 cents, or 0.45 percent,…
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StepStone partner: Israeli economy resilient and robust
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Darren Friedman, partner at alternative investment firm StepStone, focuses his portfolio on the technology, healthcare and infrastructure sectors in the United States. However, he expresses concerns about Europe, saying: “It is striking that countries like Greece, Italy and Spain now look like the bright spots on the continent. Friedman, a…
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Ahead of Earnings, Analysts Say ‘Robust’ Costco May See Stock Split
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Lindsay Nicholson/UCG/Universal Images Group/Getty Images Costco Wholesale is scheduled to report earnings after the bell on Thursday as it opens its next fiscal year, with analysts expecting revenue and profits to rise. Most analysts tracked by Visible Alpha have a “buy” rating, but the average price target indicates they think…
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New Zealand Dollar Rises as Robust Wage Growth Outweighs Q3 Job Decline
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New Zealand’s labor market slowed slightly in Q3 2024, with employment falling by 0.5% quarter-on-quarter (versus an expected 0.4% decline) and the unemployment rate rising from 4.6% to 4.8%. The labor force participation rate also declined to 71.2% compared to 71.7% in the previous quarter. Furthermore, job gains last quarter…
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SelectQuote sees robust growth in Q4, projects mixed outlook By Investing.com
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SelectQuote Inc. (NYSE:), a leading provider of insurance products, reported a strong performance in its fourth-quarter earnings call for the fiscal year 2024. CEO Tim Danker highlighted significant revenue growth, particularly in the Senior Medicare Advantage and Healthcare Services (NASDAQ:) segments. The company’s revenue and adjusted EBITDA both surpassed expectations,…
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NVG stock touches 52-week high at $12.99 amid robust performance By Investing.com
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In a remarkable display of resilience, Nuveen Dividend Advantage Municipal Fund (NVG) stock has surged to a 52-week high, reaching a price level of $12.99. This peak reflects a significant turnaround for the fund, which has seen an impressive one-year change, rising 16.32%. Investors have shown increasing confidence in NVG’s…
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Why Kenya needs robust Shariah governance rules
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Kenya has achieved a significant milestone in Islamic finance by issuing the first Sukuk in East and Central Africa. The listing of Linzi Finco Sukuk on the Nairobi Stock Exchange’s over-the-counter securities platform two weeks ago was aimed at raising funds that would be used to develop affordable housing projects…
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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…
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Veralto Corporation reports robust Q2 growth, raises EPS guidance By Investing.com
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Veralto Corporation, in its Second Quarter 2024 Earnings Call, reported a strong financial performance with net sales of $1.29 billion and a 3.8% core sales growth. The company raised its full-year adjusted earnings per share (EPS) guidance, reflecting confidence in its end markets and strong execution. Veralto highlighted its growth…
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Veralto Corporation reports robust Q2 growth, raises EPS guidance By Investing.com
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Veralto Corporation, in its Second Quarter 2024 Earnings Call, reported a strong financial performance with net sales of $1.29 billion and a 3.8% core sales growth. The company raised its full-year adjusted earnings per share (EPS) guidance, reflecting confidence in its end markets and strong execution. Veralto highlighted its growth…
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ServisFirst Bancshares sees robust growth in Q2 By Investing.com
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ServisFirst Bancshares, Inc. (NYSE:) reported significant growth in deposits and loans in the second quarter and has an optimistic outlook for the remainder of the year. The company’s net interest margin improved, and despite increased non-interest expenses, it maintains strong capital and liquidity positions. The earnings call revealed expectations for…
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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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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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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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Constellation Brands Q1 FY2025 shows robust growth By Investing.com
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Constellation Brands, Inc. (NYSE:), a leading beverage alcohol company, has reported a strong start to the fiscal year 2025, with the Beer division driving notable growth. The company’s enterprise net sales outperformed the overall consumer packaged goods sector by 4.5 percentage points. With a focus on disciplined capital allocation, Constellation…
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Goldman sees slower but still robust Permian Basin growth this decade (NYSEARCA:XLE)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell on Friday but ended the week higher, supported by signs of strong US demand and a growing perception of risks from a broader conflict in the Middle East that could jeopardize oil flows from the region. Exchanges Flames are rising between…
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UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
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UK wage growth remained strong in the three months to April, maintaining pressure on inflation and delaying hopes for an interest rate cut. Official figures from the Office for National Statistics (ONS) showed that nominal weekly earnings, excluding bonuses, rose by 6% in the February-April period, in line with the…
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Meituan outlines robust Q1 growth with revenue up 75% By Investing.com
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Meituan (3690.HK), the Chinese e-commerce platform specializing in local food delivery, reported a strong start to 2024 with significant year-over-year growth in revenue and profits in the first quarter. The company’s total revenue surged by 75% to RMB 73.3 billion, while adjusted net profit increased by 36.4% to RMB 7.5…