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BEIJING — Chinese stocks will likely climb by at least 10% in coming days as authorities signal concerted support efforts, said Marko Papic, partner and chief strategist at Clocktower Group.Papic pointed in particular to Bloomberg’s report Tuesday that Chinese President Xi Jinping was to receive a briefing from financial regulators…
Former U.N. ambassador Nikki Haley lost Nevada’s Republican presidential primary to “none of these candidates,” NBC News projected.Haley was the only Republican candidate on the ballot Tuesday, but she was not the only choice on the ballot. Nevada voters also had the option of voting for “none of these candidates.”…
The Western Union Company (NYSE:WU) Q4 2023 Earnings Conference Call February 6, 2024 4:30 PM ET Company Participants Tom Hadley – Head of Investor Relations Devin McGranahan – Chief Executive Officer Matt Cagwin – Chief Financial Officer Conference Call Participants Will Nance – Goldman Sachs Andrew Schmidt – Citi Tien-Tsin…
Nintendo said on Tuesday it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast, after it beat market expectations for December quarter profit and revenue.The Japanese gaming giant previously forecast sales of 15 million Switch consoles in the current…
Shares of BP rose 6% on Tuesday after the oil giant accelerated the pace of its buybacks and increased its dividend, despite a drop in annual profit.The energy major increased the pace of its share repurchases, announcing intentions to execute a $1.75 billion share buyback prior to reporting first-quarter results. The company…
The Apollo Senior Floating Rate Fund (NYSE:AFT) stood out to me because of its floating-rate nature. I think too few income funds are structured like this, and the high yield it brings is interesting, considering the credit quality of its assets. I therefore decided to take a deeper look and…
Delivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and is forecasting stronger profitability in 2024.The results, which are unaudited and based on preliminary information, are being released by the company early in…
In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation hit nearly 65%, according to the Turkish Central Bank’s figures released Monday.The consumer price index (CPI) for the country of 85 million people increased by 64.86% annually, up slightly from…
International Money Express (NASDAQ:IMXI) looks like a strong addition to portfolios looking for stable growth and relatively low risk at this time. The company’s shares look undervalued to me despite P/E ratio concerns, and profitability weaknesses could be eased through operational shifts. Operations International Money Express, or Intermex, is a…
President Joe Biden has won the South Carolina Democratic primary, NBC News projects.As of 9:00 p.m. ET and with 60% of votes in, Biden led with 96% of the vote.The other two Democrats in the race, House Rep. Dean Phillips, D-Minn., and self-help author and 2020 Democratic candidate Marianne Williamson…