The firm’s adjusted earnings per share of $0.82 and net revenue of $12.8bn were both higher than expected. This led to HPQ amending its predicted full-year adjusted earnings per share to a range that covers from $3.30 up to $3.60. These results haven’t affected the forecast for its free cash flow forecast, as the estimate…
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The updated estimation reportedly follows China’s efforts to brace its economy after the property market debacle. In its press statement, the IMF said: First, we project China’s economy to grow by 5 percent in 2024 and 4.5 percent in 2025. These reflect upward revisions of 0.4 percentage points for both the years compared to the…
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Spot gold reportedly edged closer to the $2,500 per ounce mark on Monday, 27 May 2024, when it traded at $2,449.89 at one stage. During trading on Tuesday, 28 May 2024, gold slipped slightly and opened the day at $2,338 per ounce. The precious metal is, however, sustaining its upward push despite a weaker dollar…
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This record-breaking move came following the chipmaker’s impressive Q1 results. Adjusted earnings shot up by 461% on a year-on-year basis and the company’s revenue climbed by 262%. A 10-for-1 share split was announced, while the NVDA cash dividend was also increased. CEO Jensen Huang confirmed that he expects the demand for generative AI training to…
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Binance has a controlling stake in the crypto exchange. According to Cointelegraph, the Korea Economic Daily reported that Gopax “owes a total of 70 billion South Korean won ($51.4 million) to its users stemming from exposure to failed institutional crypto lending firm Genesis Global”. Despite Genesis’s downfall in November 2022, the affiliated unpaid digital assets…
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Based on CNBC information, the leader of the Bank of Finland and council member of the ECB, Olli Rehn, said that Euro bloc inflation is decreasing steadily. Data reflected an April 2024 inflation rate of 2.4%. This means that it has been below 3% for seven months straight. Don’t miss out the latest news, subscribe…
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The plans are said to still be at an early stage, with the exact details of where the site will be located and how big it will be yet to be decided. AWS entered the cloud business in Italy in 2020 and currently has clients like Assicurazioni Generali and Ferrari. The initial plan involves investing €2.2bn…
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This achievement highlights ATFX's unwavering commitment to success and continuous growth. Compared to the same period last year, the first-quarter trading volume for 2024 witnessed a remarkable increase of 31.36%. This upward trend is a positive indicator of ATFX's exceptional performance in the market. During this period, ATFX's precious metals category particularly shone bright, with…
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Exness acted as the summits partner, and showcased its recent rebrand alongside its dedication to a frictionless trading experience powered by cutting-edge technology. Its advanced products resonated strongly with attendees. Paul Margarites, Regional Commercial Director at Exness, stated: These awards stand as a powerful validation of our focus on empowering traders with the best possible…
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He said that BA had to burn its way through $3.9bn of its cash reserves in Q1 as it was affected by heavier operating costs as well as revenue being lowered through making fewer plane deliveries. The result could be that Boeing ends up in a negative cash situation in 2024. Earlier cash projections had…
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