Author: Bruno T
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US composite PMI down slightly in March
The United States Composite PMI Output Index came in at 52.1 in March, slipping from 52.5 registered in February, “but still pointing to a solid monthly increase in overall business activity,” S&P Global revealed in its report on Wednesday. The figure was slightly lower than was predicted in the flash estimate. The US Services PMI Business…
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ADP: US private payrolls up by 184,000 in March
The number of jobs in the United States private sector saw a monthly increase of 184,000 in March, significantly more than analysts expected, Automatic Data Processing Inc. (ADP) revealed in its National Employment Report published on Wednesday. Most new jobs – 87,000 – were registered in large enterprises, followed by mid-sized ones with between 50…
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Analyst Ratings and Price Targets: Costco, UPS, Coinbase, United Rentals, Airbnb…
In the constantly evolving landscape of the stock market, keeping abreast of the latest analyst ratings and price target adjustments is crucial for investors. Our team has compiled a succinct summary of significant movements and recommendations for various listed companies, providing investors with key insights for their investment decisions. Here’s a rundown of the notable…
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Oil Prices Edge Up Amid Geopolitical Tensions and Supply Risks
Oil prices saw a moderate increase today as investors weighed the supply risks stemming from ongoing Ukrainian attacks on Russian refineries and the potential for escalating conflict in the Middle East. As of the latest updates, Brent crude for June delivery (CCOM:OILBRENT) was up by 0.42% at $89.29, while West Texas Intermediate (WTI) for May…
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Intel Reports Significant Operating Loss in Chip Manufacturing Division, Aiming for Recovery by 2027
Intel disclosed a substantial operating loss for its chip manufacturing business on Tuesday, marking a significant setback for the company as it strives to regain the technological lead it has lost over the years to TSMC. The tech giant reported that its manufacturing unit suffered an operating loss of $7 billion in 2023, widening from…
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US mortgage applications down by 0.6%
Mortgage applications in the United States declined by 0.6% on a seasonally adjusted basis for the week ending March 29, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey revealed on Wednesday. The Purchasing Index went down slightly from the previous week’s 145.7 to 145.6. The Mortgage Market Index fell from 196.8 seen the week…
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Financial and Business Roundup: Key Developments in the Global Market
In a series of significant developments across the global business landscape, several corporations have made headlines with strategic decisions, acquisitions, and new ventures. Here’s a roundup of the key events: London’s Decision on NatWest: In a strategic move, London has chosen to retain its shares in NatWest Group PLC, opting against selling them for the…
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WeWork expects to emerge from bankruptcy by the end of May, predicting $8 billion in rental savings
Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings. Cutting back on real estate costs has been a top priority for WeWork since the New York-based company filed for Chapter 11 bankruptcy in November. At…
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Tesla Q1 2024 deliveries at 386,810
Tesla Inc. (NASDAQ:TSLA) revealed on Tuesday in a press release that its deliveries in the first trimester of 2024 reached 386,810 units, going lower than estimates. The number of vehicles produced in the reported quarter was 433,371 units. The electric carmaker stated that the decrease in quantities “was partially due to the early phase of…
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GM’s US deliveries in Q1 decline 1.5% to 594,233
General Motors Company (NYSE:GM) announced on Tuesday in a press release that its deliveries in the United States in the first trimester of 2024 amounted to 594,233 vehicles, falling 1.5% year over year. Meanwhile, the carmaker noted that its retail sales for the reported period saw an annual growth of 6%. The firm further added…