Gogo (GOGO) reported $97.95 million in sales for the quarter that ended in September 2023, a 7% decrease from the same time the previous year. EPS decreased to $0.16 from $0.15 in the same period last year. The reported revenue is -5.10% unexpected when compared to the Zacks Consensus Estimate of $103.21 million. Despite the … Read more
Tuesday saw stocks maintain their strong performance, expanding gains for the seventh consecutive day as investors were encouraged by the Federal Reserve’s decision to halt its tightening campaign this year. The benchmark S&P 500 (^GSPC) gained around 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) increased 0.9%, extending its own winning run. The Dow Jones Industrial … Read more
S&P 500 futures increased by 0.01% to $4,396.25, while Dow futures increased by 0.04% to $34,230. Three-month lows have been reached for oil prices, with the benchmark U.S. crude price declining seven times in the last ten days. On Wednesday, prices continued to decline, reaching $76.66 a barrel. Over the last 30 days, the price … Read more
The majority of FX strategists in a Reuters survey said that the dollar’s current weakness would last for the remainder of the year and that economic data will be the main factor influencing major currencies for the remainder of 2023. The dollar had an insurmountable advantage over its rivals due to the stronger-than-expected U.S. economy … Read more
Due to a “processing error,” hundreds of thousands of payments never reached US bank accounts last week. The private corporation that made that mistake is still dealing with the consequences many days later. The Clearing House, which handles a sizable amount of the daily bank-to-bank electronic transfers that take place in the US, said in … Read more
While US market futures and Europe’s Stoxx 600 remained almost unchanged, 10-year Treasury rates increased by two basis points to 4.6%. With the oil price slide gaining pace, West Texas Intermediate crude futures fell below $77, almost to a three-month low. For the third day in a row, the dollar strengthened. Traders have been attempting … Read more
The United States International Development Finance Corporation, the country’s development finance institution, would provide USD 553 million to Adani’s joint venture in Sri Lanka, CWIT (Image: Business Wire). The U.S. government’s development finance agency, DFC, collaborates with business to provide funding for answers to the most pressing problems that the developing world faces. It makes … Read more
While the benchmark S&P 500 (^GSPC) rose around 0.2%, the tech-heavy Nasdaq Composite (^IXIC) continued a remarkable run of gains, rising by 0.3%. The Dow Jones Industrial Average (^DJI) saw a rise of about 35 points, or 0.1%. The 10-year Treasury note yield (^TNX) increased by almost 10 basis points to be trading close to … Read more
The first venture into the port terminal industry by an Indian business, Adani Group, is set to get $553 million in funding from the U.S. International Development Finance Corporation (DFC). The island nation of Sri Lanka, which lies off the southern coast of India, is experiencing its greatest financial crisis in more than 70 years … Read more
The S&P 500 increased little on Monday following its best week of 2023, which was fueled by dovish Fed bets, oversold technical conditions, and positioning. Sentiment was affected by a reversal of bond market movements, with 10-year rates rising eight basis points to 4.65%. Treasury bonds declined in before of a slew of auctions starting … Read more
