Sunil Sahil
The longest winning streaks for the Nasdaq and S&P 500 in over two decades were put in jeopardy on Thursday as U.S. equities declined and Treasury rates increased following a dismal auction of 30-year bonds and remarks made by Federal Reserve Chair Jerome Powell. Powell stated that although there may not be much more support … Read more
A 1% decline in the Stoxx 600 was compounded by subpar earnings reports. Following a reduction in its profit projection, Diageo Plc plummeted 16%, while Richemont suffered a 6.8% loss due to an unexpected decline in revenue from luxury watches. Oil and energy shares both increased, with West Texas Intermediate rising above $76 per barrel … Read more
The specifics The Fiscal Stability Act bill would create a 16-person panel consisting of four outside experts and 12 legislators. By May 1, 2025, the commission would have to provide a report with recommendations for new laws that would detail the precise actions that legislators should take to stabilise the public debt to GDP ratio … Read more
Manager: Greetings, ladies and gentlemen, and thank you for joining us for the Pan American Silver Third Quarter 2023 Unaudited Results Webcast and Conference Call. All lines are now in listen-only mode. We will have a question-and-answer period after the presentation. [Guidelines for Operators] We are recording this conversation on Wednesday, November 8, 2023. Now, … Read more
CommScope (COMM) reported $1.6 billion in sales for the quarter that concluded in September 2023, a 32.8% decrease from the same time the previous year. EPS decreased to $0.13 from $0.50 in the same period last year. The reported revenue is -0.24% less than the $1.6 billion Zacks Consensus Estimate. The EPS surprise was -7.14%, … Read more
A total of US$2.2 million was raised through a prospectus offering of 10,712,387 common shares; US$2.8 million was raised through a placing of 15,853,097 common shares; and US$0.01 million was raised by a direct subscription for 64,516 common shares with the company. The Company plans to utilise the net proceeds from the fundraising to expedite … Read more
Leading American distributor of food services, US Foods Holding Corp (NYSE:USFD), just made public its 10-Q filing for the week ending November 9, 2023. With net sales increasing to $26,661 million from $25,542 million in the same 39-week period, the financial summary shows a favourable trajectory. Additionally, there was an increase in gross profit, from … Read more
Senior officials from Nio, a Chinese manufacturer, stated on Thursday at a Reuters conference that the company is still “debating” a 2025 entry into North America. Volkswagen plans to launch an electric vehicle for around $35,000 in the U.S. market within three to four years. Senior vice president and head of strategy at VW Group … Read more
The American Academy of Arts & Sciences created the index, which aims to evaluate household performance and outlook by going beyond conventional economic measures. Eleven metrics, ranging from county-level data to education, income growth, health, and civic engagement, are included in the new dashboard. The nation’s well-being index, which is derived in part from Census … Read more
Currently under construction about 60 miles northwest of Los Angeles, a 30 MW / 60 MWh battery facility will be completed with the help of the new tax equity funding. The project is anticipated to start up for business later this year with the goal of providing the California electric grid with dependable energy, capacity, … Read more
