While reporting its financial results for the first quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) raised its adjusted earnings and sales guidance for the full-year 2024. For fiscal 2024, the company now projects adjusted earnings in a range of $7.00 to $7.40 per share on sales between $10.25 billion and $10.55 billion. Previously,...
Biotechnology company Biogen Inc. (BIIB) reported Wednesday net income attributable to the company for the first quarter of $393.4 million or $2.70 per share, higher than $387.9 million or $2.67 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $3.67 per share, compared to $3.40 per share in the year-ago...
While reporting financial results for the first quarter on Wednesday, Wabash National Corp. (WNC) maintained its earnings outlook for the full-year 2024, as first-quarter shipment delays to flow into subsequent quarters. For fiscal 2024, the company continues to project earnings in the range of $2.00 to $2.50 per share on revenues between about $2.2 billion...
Indonesia\'s central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the seven-day reverse repo rate to 6.25 percent from 6.00 percent. The current rate is the highest since 2016, when the bank made the...
Indian shares opened a tad higher on Tuesday, mirroring firm cues from global markets as the risk of a significant escalation of hostilities between Israel and Iran eased. The benchmark S&P BSE Sensex climbed 195 points, or 0.3 percent, to 73,842 in early trade, rising for a third straight session. The broader NSE Nifty index...
Velvet Capital, a decentralized finance (DeFi) asset management protocol backed by Binance Labs, has been forced to temporarily deactivate its website following concerns over a potential phishing attack. Reports of abnormal behavior on Velvet Capital’s trading platform surfaced on April 23. Upon attempting to connect to the website, users encountered prompts to authorize wallet access. ...
As Bitcoin price hovers around $66,400, witnessing a minor dip of 0.50%, market participants are keenly observing its next moves. Amidst fluctuating market conditions, a pivotal aspect to consider is the potential impact of a proposed 30% excise tax on U.S. Bitcoin mining, which could reshape the industry landscape. This backdrop sets the stage for...
European stocks may open slightly higher on Tuesday as easing geopolitical tensions and a soft inflation outlook bolstered hopes that the European Central Bank will soon start cutting interest rates. Asian markets traded mixed after U.S. stocks clawed back some of their losses from last week overnight. Regional gains, if any, remained limited ahead of...
Celebrity poker player Antanas ‘Tony G’ Guoga won a pot worth just over $300,000 this weekend on the CoinPoker website, beating an anonymous whale in a high-stakes 1000/2000 game. The game took place as part of the Crypto Series of Poker (CSOP), which is making $1 million in prize money available across 41 tournaments. It...
Flash Purchasing Managers\' survey results from the euro area and the UK are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is forecast to widen to GBP 8.9 billion in March from GBP 7.48 billion in February. At...