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AstraZeneca plc today, on April 25, announced its earnings report for the first quarter of FY24. Total Revenue increased by 19% to $ 12,679 million, driven by an 18% increase in product sales and continued growth in Alliance Revenue from partnered medicines. Core EPS increased 13% to $2.06. The increase in Core EPS was lower […]

• April 25, 2024 04:41 AM PDT
• Invezz

It was a sea of red in the futures market on Thursday as attention shifted to the upcoming US Personal Consumption Expenditure (PCE) data set for Friday.  Futures linked to the Dow Jones index shed over 200 points while those linked to the S&P 500 and Nasdaq 100 indices shed by over 1%.  Most of […]

• April 25, 2024 04:32 AM PDT
• Invezz

On Thursday, Toyota Motor of Japan announced partnering with China’s Tencent, whereas Nissan will partner with Baidu. These cross-border collaborations signify the importance of artificial intelligence for automotive manufacturers. Toyota’s new products for the Chinese Market These announcements from Japan’s two largest automakers at the Beijing Autoshow emphasise their efforts to adapt to significant technological […]

• April 25, 2024 04:26 AM PDT
• Invezz

The European Parliament has approved new regulations aimed at increasing due diligence measures and identity checks within the cryptocurrency sector, a significant step intended to combat money laundering activities. EU’s new due diligence obligations for crypto companies Approved on April 24, the legislation mandates that crypto-asset service providers (CASPs), including centralized exchanges and other entities […]

• April 25, 2024 04:12 AM PDT
• Invezz

• April 25, 2024 04:01 AM PDT
• Invezz

Caterpillar inc. today, on April 25, announced its earnings report for the first quarter of FY24. Sales and revenues for the first quarter were $15.8 billion, about flat to the first quarter of 2023, because of lower sales volume. Operating profit margin was 22.3%, compared to 17.2% for the first quarter of the previous year. […]

• April 25, 2024 03:58 AM PDT
• Invezz

On April 25th, less than one month after becoming an official company, General Electric Vernova reported its first-ever financial results. Unfortunately, in the quarter, GE Vernova orders of $9.7 billion were mostly flat, down 1% organically. Net income came in at a loss of $0.1 billion. However, revenue of $7.3 billion was up 6%, or […]

• April 25, 2024 03:39 AM PDT
• Invezz

Hedera (HBAR) and Pepe (PEPE) have experienced a rollercoaster ride in the past few days. The recent events have brought both excitement and challenges to these altcoins, prompting investors to scrutinize alternative investments like the new Algotech ($ALGT) currently in presale stage. Pepe coin price recovery hits a snug Pepe (PEPE), a meme coin known […]

• April 25, 2024 03:08 AM PDT
• Invezz

Ford Motor Co (NYSE:F), the American automotive titan, released its first-quarter 2024 earnings on Wednesday post-market closing. With a revenue surge of 1.3% y-o-y to $42.8 billion, a net income of $1.3 billion, and an adjusted EBIT of $2.8 billion, Ford’s performance has surpassed expectations, showcasing resilience and growth amidst a dynamic market landscape. Commercial […]

• April 25, 2024 02:57 AM PDT
• Invezz

The International Grains Council (IGC) has updated its forecasts for global grain and soybean supplies, indicating a tightening in grain stocks while projecting an increase in soybean inventories. Reductions in global grain production estimates The IGC has reduced its projections for the 2023/24 and 2024/25 global grain crops. For the 2023/24 season, grain production estimates […]

• April 25, 2024 02:46 AM PDT
• Invezz