Last week’s positive news included strong earnings from Wall Street heavyweights Amazon and Alphabet. However, disappointing Apple earnings resulted in a 4.8% drop in its stock and helped lead to declines on Friday. Nevertheless, over 79% of S&P 500 companies have exceeded estimates for Q2 so far, the highest rate since Q3 2021. The major … Read more
NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, has announced the launch of its Partner Sphere Partner Program. This program further solidifies NetApp’s commitment to driving a partner-first culture that creates an ecosystem of collaboration and innovation to capture greater market share by growing flash revenue, accelerating cloud adoption, and leveraging partner-led solutions and … Read more
The FTSE 100 reversed early losses on Friday as markets attempted to balance upbeat results from tech giant Amazon and the lower than expected Non-Farm Payrolls report released on Friday. WPP shares sank after lowering their guidance for the year, and Rolls Royce shares logged more flying hours, gaining another 5% on Friday. Rolls Royce … Read more
Orla Mining Ltd. [OLA-TSX] announced second quarter 2023 financial results that were in line with street forecasts and said unit costs are trending lower at its Camino Rojo gold mine in Zacatecas, Mexico The company said unit costs are trending lower as fewer waste tonnes were mined due to limited pit access related to permitting … Read more
The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year’s Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications. Notice 2023-52 says the IRS and the Treasury will … Read more
NEOFX, the European low-cost FX provider for mid-sized companies, reports an increased interest from companies across Europe to cut FX costs related to import and export by using NEOFX’s services. Managing Director NEOFX, Thomas Morten Jensen explains: “We have seen a massive surge in European companies coming to us for competitive FX rates because it … Read more
GBP/USD and EUR/GBP Analysis and Charts GBP/USD is down one cent over the week in thin trade. EUR/GBP remains rangebound. Recommended by Nick Cawley How to Trade GBP/USD UK Breaking News: BoE Hikes by 25bps to 15-Year High The Bank of England raised interest rates by 25 basis points on Thursday, in line with market … Read more
Markets: Gold up $8 to $1941 US 10-year yields down 14.5 bps to 4.04% WTI crude up $1.10 to $82.65 EUR leads, CAD lags S&P 500 down 24 points, or -0.5% The initial reaction to the non-farm payrolls report was to sell the dollar but then the market had a look at the higher wage … Read more
Turkey’s inflation rate resumed growth in July after eight months of slowdown, rising to 47.83 percent. The hotels, restaurants, and cafes segment, as well as health care and food and beverages, were particularly expensive. Housing costs rose the least. Expected growth On a month-on-month basis, prices rose by 9.49 percent after rising by 3.92 percent … Read more
By Greg Demchak, Senior Director, Digital Innovation Lab at Bentley Systems Collaborating on infrastructure design in the metaverse is not a concept based far in the future. In fact, thanks to game engine technology, it is happening right now and it is building momentum. Design teams are working openly using a range of devices with … Read more