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Ormat earnings beat by $0.02, revenue fell short of estimates
Posted inStock

Ormat earnings beat by $0.02, revenue fell short of estimates

Investing.com – Ormat (NYSE: ORA) reported third quarter EPS of $0.36, $0.02 better than the analyst estimate of $0.34. Revenue for the quarter came in at $211.8M versus the consensus…
Posted by November 7, 2024
US stock futures steady after Trump victory spurs record highs; Fed in focus
Posted inStock

US stock futures steady after Trump victory spurs record highs; Fed in focus

Investing.com– U.S. stock index futures steadied in evening deals on Wednesday after Wall Street surged to record highs on Donald Trump winning the 2024 presidential election, with focus now shifting…
Posted by November 7, 2024
China says it respects America’s choice, congratulates Trump
Posted inEconomy

China says it respects America’s choice, congratulates Trump

HONG KONG (Reuters) – China expressed respect for the U.S. election result and congratulated Donald Trump on his victory while an official newspaper called for a “pragmatic” approach to China-U.S.…
Posted by November 7, 2024
Firm dollar keeps peers on back foot ahead of BOE, Fed decisions
Posted inEconomy

Firm dollar keeps peers on back foot ahead of BOE, Fed decisions

By Brigid Riley TOKYO (Reuters) – The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump’s win in the U.S. presidential election,…
Posted by November 7, 2024
Morning Bid: Bracing for higher US yields, dollar, inflation
Posted inEconomy

Morning Bid: Bracing for higher US yields, dollar, inflation

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Investors in Asia wake up on Thursday to a global market landscape redrawn by Donald Trump’s…
Posted by November 7, 2024
Bank of England readies new rate cut as budget hangs over outlook
Posted inEconomy

Bank of England readies new rate cut as budget hangs over outlook

By Andy Bruce LONDON (Reuters) – The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for…
Posted by November 7, 2024
Qualcomm chip sales to Chinese smartphone makers fuel strong results
Posted inEconomy

Qualcomm chip sales to Chinese smartphone makers fuel strong results

By Stephen Nellis and Arsheeya Bajwa (Reuters) – Chip designer Qualcomm (NASDAQ:QCOM) on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company…
Posted by November 7, 2024
GlobalFoundries’ poised to get final Chips Act award, source says
Posted inStock

GlobalFoundries’ poised to get final Chips Act award, source says

By David Shepardson, Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) -GlobalFoundries and at least two other chipmakers are poised to receive their final Chips and Science Act awards from the…
Posted by November 7, 2024
Bumble posts quarterly sales drop amid slow payoff from app overhaul
Posted inStock

Bumble posts quarterly sales drop amid slow payoff from app overhaul

(Reuters) -Bumble posted on Wednesday its first decline in quarterly sales since going public in 2021 and said that it would take longer for the dating app operator to boost…
Posted by November 7, 2024
Automakers brace for new tariffs, EV changes under Trump presidency
Posted inStock

Automakers brace for new tariffs, EV changes under Trump presidency

By David Shepardson, Norihiko Shirouzu and Ben Klayman WASHINGTON (Reuters) – Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other…
Posted by November 7, 2024

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