IT Services providers have been experiencing low demand amid macroeconomic uncertainty, with not many stocks in the sector offering near-term upside to consensus figures. Against this backdrop, analysts at Guggenheim shared in a note this week a list of the Best IT Services stocks to own for 2024. They noted that the soft near-term demand...
Indian shares ended a choppy session marginally lower on Tuesday as a stronger dollar and rising Treasury yields in international markets weighed on investors\' appetite for risk. The U.S. dollar saw a notable rise while yields hit a one-month high after the U.S. Supreme Court ruled that presidents have absolute immunity from prosecution for core...
Sepatu Bata Tbk (BATA), a footwear manufacturer debuted on Indonesia Stock Exchange (IDX) circa 1982, booked a loss of IDR 127.35 billion in the first half (H1) of 2024. BATA’s loss in H1 2024 rose nearly 3 times higher from the loss it recorded in the same period last year. In H1 2023, it only...
Australias gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That missed expectations for an increase of 0.5 percent, although it was up from 0.2 percent in the previous three months. On an annualized basis, GDO was up 0.8...
JAKARTA - Angela Tanoesoedibjo takes office as Co-CEO of MNC Group after ending her term of office as Vice Minister of Tourism and Creative Economy from 2019 to 2024. This crown princess of Hary Tanoesoedibjo will support MNC Group’s operations, especially in MNC Media and Entertainment. In the information disclosure quoted Tuesday (22/10), Angela Tanoesoedibjo,...
Indian shares fell notably on Friday to extend steep losses from the previous session as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Feds rate trajectory. The dollar was poised for its largest weekly gain since April and oil prices...
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Shares in Tesla (NASDAQ:TSLA) fell more than 7% on Monday after its sales declined in February in China, where it likely faced a slowdown during the Lunar New Year holidays. The fall in sales in its key market dimmed the outlook for Tesla\'s global deliveries, at a time when...
HICKSVILLE, N.Y. - New York Community Bancorp , Inc. (NYSE: NYSE:NYCB), parent company of Flagstar Bank, N.A., has announced the completion of a significant equity investment totaling approximately $1.05 billion. The investment comes from a group of strategic investors including Liberty Strategic Capital, funds managed by Hudson (NYSE:HUD) Bay Capital Management, funds managed by Reverence...
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous weeks revised level of 219,000. Economists had expected jobless claims to inch up...
Factory orders and construction Purchasing Managers\' survey results from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 AM ET, Destatis is scheduled to issue Germany\'s factory orders data for March and import prices for February. Orders are expected to grow 0.3 percent on month, following a...