BoJ Retains Ultra-Loose Monetary Policy Despite rising inflationary pressures, the Bank of Japan continued to maintain its ultra-loose monetary policy in contrast to the stance of its hawkish peers. At the second rate-setting meeting chaired by new Governor Kazuo Ueda on Friday, policymakers unanimously voted to maintain a negative interest rate of 0.1 percent on […]
European Economic News Preview: ECB Set To Lift Rates By 25 Bps The European Central Bank is expected to raise its benchmark rates by 25 basis points on Thursday although the US Federal Reserve decided to hold its key rate after ten consecutive rate hikes. The ECB’s monetary policy announcement is due at 8.15 am […]
PureCycle Tech Up 22% On Commercial Production Of Recycled PP Shares of PureCycle Technologies, Inc. (PCT) are up 22% on Wednesday morning trade after announcement that it has successfully produced the first run of Ultra-Pure Recycled (UPR) resin for commercial scale. PCT is trading on the Nasdaq at $9.73, up 22.54% or $1.79 per share. […]
Winnebago Industries Q3 Net Profit Halves, But Adj. EPS Tops Estimates Recreation vehicles maker Winnebago Industries, Inc. (WGO) reported on Wednesday that third-quarter net income plunged to $59.1 million or $1.71 per share from $117.2 million or $3.57 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $2.13 per share, […]
U.S. Homebuilder Confidence Improves Much More Than Expected In June The National Association of Home Builders released a report on Monday showing homebuilder confidence in the U.S. has improved by much more than expected in the month of June. The report said the NAHB/Wells Fargo Housing Market Index jumped to 55 in June from 50 […]
Humana Reaffirms FY23 Earnings Guidance Humana Inc. (HUM) reaffirmed its guidance of at least $27.88 in earnings per common share or at least $28.25 in adjusted earnings per common share, for fiscal 2023. The company said its guidance is consistent with the outlook issued on April 26, 2023 and reaffirmed on June 1, 2023. Humana […]
Google Settles Class-Action Lawsuit For $23 Mln Over Sharing Of User Searches Google has reached a $23 million settlement in a class-action lawsuit that alleges the company shared users’ search information with third-party websites without their consent. While denying the claims of sharing information, Google agreed to the settlement, which does not imply admission of […]
Dada Nexus Rally Continues; Stock Up 9% Dada Nexus Limited (DADA) rally continues, as shares gain over 9% on Thursday morning. DADA is currently trading at $6.70, up $0.58 or 9.40%, on the Nasdaq. The stock opened its trading at $6.29 after closing Wednesday’s trading at $6.12. The stock has traded between $2.98 and $15.59 […]
Perma-Pipe International Holdings, Inc. Q1 Loss Increases Perma-Pipe International Holdings, Inc. (PPIH) released Loss for its first quarter that increased from the same period last year The company’s earnings came in at -$1.123 million, or -$0.14 per share. This compares with -$0.885 million, or -$0.11 per share, in last year’s first quarter. The company’s revenue […]
Tatton Asset Management FY23 Profit, AUM Climb; Lifts Dividend – Quick Facts Tatton Asset Management PLC or TAM (TAM.L) Tuesday announced fiscal 2023 results, reporting strong, double-digit growth across all metrics in line with market expectations. For the year, profit before tax grew to 16 million pounds from last year’s 11.28 million pounds. Basic earnings […]