(Reuters) – Start your electric engines, Tesla is the first of the “Magnificent Seven” to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here’s your look at what matters for … Source link
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By Volodymyr Pavlov and Vitalii Hnidyi KUPIANSK, Ukraine (Reuters) – Yuliia Baibak could not bear another Russian air strike on her neighbourhood before evacuating her parents from the besieged Ukrainian city of Kupiansk. “I came (to my parents) all white, crying and scared, and said, ‘Either we leave or they’ll kill us all here,'” she said on Thursday while helping her wheelchair-bound mother to a car. Baibak and her parents were among the thousands slated for mandatory evacuation this week from Kupiansk and several surrounding settlements as Russian forces bore down on the strategic hub in northeastern Ukraine. Kyiv’s troops…
Iridium Communications Inc (NASDAQ:) reported robust third-quarter results for 2024, with total revenue reaching $212.8 million, an 8% increase year-over-year. The company’s operational EBITDA hit a record $124.4 million, primarily driven by service revenue growth. Key Takeaways: Total revenue increased 8% to $212.8 millionService revenue rose 6% to $133.3 millionOperational EBITDA reached a record $124.4 millionCompany returned $146 million to shareholders through dividends and share repurchasesFull-year service revenue growth guidance updated to approximately 5% Company Outlook Anticipates generating $1 billion in service revenue by 2030Expects operational EBITDA between $465 million and $470 million for the full yearProjects pro forma free…
By Tom Westbrook, Dhara Ranasinghe and Naomi RovnickSINGAPORE/LONDON (Reuters) – Global investors are buying China and betting last month’s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve.The sentiment shift has been fast and furious, spurring billions of investor cash that had been diverted to India and Japan rushing back to bring China exposures from near record lows towards neutral or market-weight.In just a month, the proportion of Asia fund managers building exposure in China jumped from 8% to 31%, according to a Bank of…
Mahamaya Steel Industries, a microcap company in the metal-ferrous industry, has reached a 52-week high of Rs. 218.5 on October 18, 2024. Despite a ‘Sell’ rating from MarketsMojo, the company has outperformed the sector by 1.28% and has shown consistent growth, outperforming the market by 178.34% in the past year. Get Detailed Stock Report Mahamaya Steel Industries, a microcap company in the metal-ferrous industry, has been making headlines in the stock market recently. On October 18, 2024, the company’s stock price reached a 52-week high of Rs. 218.5, which is a significant milestone for the company.According to MarketsMOJO, a leading…
The S&P 500 is regarded as the best overall benchmark of the U.S. stock market and consists of the 500 largest publicly traded companies in the country. Given the range of its member companies, it is considered to be the most dependable gauge of overall stock market performance. To become part of the S&P 500, a company must meet the following prerequisites:Be a U.S.-based company.Have a market cap of at least $8.2 billion.Be highly liquid.Have a minimum of 50% of its outstanding shares available for trading.Be profitable according to GAAP in the most recent quarter.Be profitable over the preceding four…
Millions of credits nixed from credit registry shortly after it is confirmed former CEO of carbon credit firm is facing US fraud charges Source link
Gecina (GFC.PA) reported a 6.7% increase in gross rental income year-to-date, driven by indexation and new leases. The French real estate investment trust (REIT) maintained its outlook for recurring net cash flow at EUR 6.4 per share. Key Takeaways • Gross rental income up 6.7% year-to-date • Rental reversion of 14% overall, 28% in Paris • Three major development projects delivered in Q3 • GRESB score of 95%, top-rated office REIT • 100% of debt now classified as green Company Outlook • Recurring net cash flow projected at EUR 6.4 per share • Indexation and reversion expected to decline in…
Google, Meta Platforms, and other tech players have announced powering on Nvidia’s Blackwell platform. Source link