Insteel Industries Q3 Net Profit Declines

Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter. Net sales for the quarter decreased 12.0 percent to $145.78 million from $165.71 million in the same quarter last year.

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Yen Falls Amid Risk Appetite

The Japanese yen weakened against other major currencies in the European session on Wednesday, as investors digested mixed earnings results and looked ahead to the release of more U.S. data this week for clues on when the Federal Reserve will begin cutting interest rates. Meanwhile, new data showed earlier today that German wholesale prices continued...

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Hashed Ventures Expands to Abu Dhabi

South Korean venture capital firm Hashed Ventures is expanding its operations to Abu Dhabi in a new partnership with the region’s global tech ecosystem. Hashed Ventures has entered into a partnership with Hub71 in Abu Dhabi, Edward Hong, the chief platform officer at the VC firm told CryptoNews. The expansion shows Abu Dhabi’s growing status...

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