According to Investing.com, the Dollar Index climbed by 0.1% after its overnight drop of 0.6% on Wednesday, 1 May 2024. Powell admitted that the battle against high inflation continues and that interest rates will remain unchanged for now. He also said that he did not foresee increases for 2024, which came as a surprise given…
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The IPO valued the cruise operator at $11.3bn, with over 431 million shares outstanding. By raising $1.54bn, the company had the most successful US IPO of 2024 so far. The IPO was underwritten by companies including J.P. Morgan, UBS and BofA Securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter VIK operates 92…
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AMD’s GAAP quarter-over-quarter revenues dipped by 11% and, according to Reuters, SMCI’s revenue dropped by 16%. Super Micro Computer’s stock jumped by 150% earlier this year and outstripped Nvidia Corporation (NVDA) (the frontrunner in the chipmaking sector) gains at certain times. Queries about a new range of servers contributed to the bleak SMCI Q3 performance…
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The fast-food chain saw sales growth in its restaurants that opened more than a year ago reach a disappointing 1.9% rather than the 2.33% that had been widely predicted. This figure was 12.6% in Q1 2023. MCD suffered with all its geographic regions failing to meet expectations, though some good reasons were given for this.…
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Initial reports suggest that it could be valued at $8bn, but the company hasn’t officially commented on the matter, and negotiations are said to be at a very early stage. The IPO for Coca-Cola Beverages Africa (CCBA) could take place as early as 2025. Coca-Cola noted in its earnings report for Q3 2023 that it…
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This share movement follows co-founder and CEO Elon Musk’s visit to China. The leading electric vehicle (EV) maker announced on Sunday, 28 April 2024 that it had met the country’s data security provisions and that the government had removed restrictions on its vehicles. In its latest financial report, Tesla indicated an 8% year-over-year decline in…
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This fall occurred on the same day that the S&P 500 was generally on the up following solid profit reports from big names such as Microsoft Corp (MSFT) and Alphabet Inc. (GOOG). Reports concerning how increasing maintenance costs are eating into the company’s oil-refining profits caused the share price to fall. It was the worst…
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According to CNBC, those close to the matter indicated that Bakish would not be attending the company’s quarterly earnings call scheduled for Monday. Instead, the international media and entertainment giant will rely on its segment heads to handle the event. The firm is currently in talks with Skydance Media, a private outfit, about a possible…
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The Telegraph reported that the clampdown on the sale and ownership of combustion engines may force Stellantis to cease operations in Britain. According to the Telegraph, Carlos Tavares, the chief executive officer of Stellantis, indicated that a law curbing petrol car sales will compel manufacturers to either sell vehicles at a loss, limit the amount…
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Economists attributed this positive performance to the biotechnological company’s cost-cutting drive and an uptake in sales of its newly-launched Alzheimer’s drug, LEQEMBI. Analysts predicted that the sales of this treatment would be between $13mn and $30mn. Biogen’s Q1 sales of LEQEMBI, as noted by its Japanese partner, Eisai Co., Ltd. (4523.T), were $19mn. Don’t miss…
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