Is the Sell-Off in US Steel Stocks Overdone? Steel prices are the key driver of steel companies’ earnings. Earlier this year, spot HRC (hot rolled coil) prices hit a decade high, with prices topping $900 per ton.
Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into AI was not immediately paying off. Shares in Google-parent Alphabet were up over 11% in Frankfurt on Friday, while Microsoft shares rose nearly 5%. Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services.
Oslo, 26 April 2024 – Adevinta ASA today released its 2023 Annual Report, available here. A printed copy may be obtained free of charge upon written request to: ir@adevinta.com. Reflecting on 2023, Antoine Jouteau, CEO, said: “Over the past year, we have made significant progress on redesigning our operating model, verticalising our organisation in line with our Growing At Scale strategy and successfully completing our portfolio optimisation. We have achieved strong financial and operational per
Brussels - 26 April 2024 - Implementing the Federal Hydrogen Act of 11 July 2023, Federal Energy Minister Tinne Van der Straeten has appointed Fluxys hydrogen, a subsidiary of Fluxys Belgium, as operator for the development and management of a hydrogen transmission grid in Belgium. The appointment as “HNO” – Hydrogen Network Operator - for Belgium is a major step forward in the energy transition. Leveraging Fluxys' decades of expertise in gas transport, Fluxys hydrogen will develop the necessary
PARIS, April 26, 2024--Regulatory News: Pernod Ricard (Paris:RI):
A selection of the week's best photos from across the continent and beyond.
Consumer confidence is improving after the headline score on GfK’s long-running index rose two points to minus 19 in April, compared with minus 30 a year earlier. GfK’s client strategy director Joe Staton said the improvements reflect the impact on household budgets of lower inflation and the anticipation of further tax cuts. “But Spring has arrived and maybe consumer confidence is, at last, slowly becoming brighter and heading in the right direction.”
Commuters on the Tube are suffering serious morning rush-hour disruption as emergency workers respond to a casuality on the track. The incident has closed the District line between Tower Hill and Upminster with severe delays on the rest of the line. There is also now service on the Hammersmith & City line between Liverpool Street and Barking.
Police had issued arrest warrant as well as community look-out notice after Pledger failed to appear in court
Tech Mahindra shares jumped 13.2% on Friday, their biggest intraday gain in nearly eight years, after India's No.5 IT company announced a turnaround plan that offered succour following declining revenue growth for the past three quarters. Including the day's move, Tech Mahindra is up 2% so far this year compared with a 4% fall in the IT index. Larger rival Infosys was down 6.8%, while Tata Consultancy Services was up 2.2%.
Extraordinary question during discussion of Rwanda deportation plan was met with visible bewilderment from the audience
KYOTO, Japan, April 26, 2024--Kyocera Corporation announced its consolidated financial results for the fiscal year ended March 31, 2024
Japan's Nikkei share average rallied on Friday after the Bank of Japan (BOJ) opted to leave interest rates unchanged, as widely expected, and said accommodative monetary conditions are likely to continue for the time being. The Nikkei ended the day 0.8% higher at 37,934.76, extending a 0.4% rise from the morning session after the BOJ announced its policy decision during the midday recess. The BOJ maintained its short-term interest rate target at a range of 0-0.1% in a unanimous vote, and issued fresh estimates projecting inflation to stay near its 2% target in the next three years.
The video sharing app faces being banned in the US unless it severs ties with its Chinese parent.
Q1 2024 Empire State Realty Trust Inc Earnings Call
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeabrdn European Logistics Income plc(c) Name of the party to the offer with which exempt principal trader i
Q1 2024 First Foundation Inc Earnings Call
Q1 2024 First Interstate Bancsystem Inc Earnings Call
The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the U.S. ordered its Chinese owner, ByteDance, to sell the app's U.S. assets or face a nationwide ban. The algorithms are deemed core to ByteDance's overall operations, and ByteDance would rather shut down the app than sell it, Reuters reported citing sources. China made changes to its export laws in 2020 that give it approval rights over any export of algorithms and source codes, adding a layer of complexity to any effort to sell the app.
The small caliber ammunition market size was valued at USD 9.7 Billion in 2022 and is expected to reach a market size of USD 15.3 Billion by 2032 at a CAGR of 4.7%.Fort Collins, Colorado, April 26, 2024 (GLOBE NEWSWIRE) -- Growing Demand for Non-Military Applications of Small Caliber Ammunition The small caliber ammunition industry includes the manufacture, distribution, and sale of ammunition designed primarily for small arms such as pistols, rifles, and machine guns. Small caliber ammunition i
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