Business News
President-elect Donald Trump’s nomination of Scott Bessent to oversee the US Treasury is taking some heat out of the dollar’s recent rally. The US currency weakened against all Group-of-10 peers with the euro, pound and Aussie leading the gains against the greenback. The Mexican peso, Thai baht and Chinese yuan outperformed among emerging market currencies. … Read more
Super Micro Computer‘s stock soared more than 30% on Nov. 19 after it appointed a new independent auditor and submitted a compliance plan to Nasdaq to avoid a potential delisting. Those announcements addressed its two pressing issues: the departure of its auditor Ernst & Young in October, and a delayed filing for its 10-K report, … Read more
Super Micro Computer‘s stock soared more than 30% on Nov. 19 after it appointed a new independent auditor and submitted a compliance plan to Nasdaq to avoid a potential delisting. Those announcements addressed its two pressing issues: the departure of its auditor Ernst & Young in October, and a delayed filing for its 10-K report, … Read more
Blue Bird (NASDAQ:BLBD) is scheduled to announce Q4 earnings results on Monday, November 25th, after market close. The consensus EPS Estimate is $0.65 (-1.5% Y/Y) and the consensus Revenue Estimate is $343.95M (+13.5% Y/Y). Over the last 2 years, BLBD
By Florence Tan SINGAPORE (Reuters) – Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK businesses are cutting their plans for growth following tax rises announced in the Budget, according to the CBI, with almost half of those surveyed by the lobby group saying they would reduce headcount and … Read more
Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January. Export growth will accelerate to 7% in the final three months from the same period last year, according to the median forecast of analysts … Read more
By Wayne Cole SYDNEY (Reuters) – The dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the bond market and pulled yields lower, shaving some of the dollar’s rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect … Read more
By Luiza Ilie (Reuters) -Calin Georgescu, a Romanian hard-right NATO critic, appeared in a dead heat with leftist Prime Minister Marcel Ciolacu after the first round of presidential elections on Sunday, partial tallies showed, a shock result threatening Romania’s staunchly pro-Ukraine stance. Opinion surveys had Georgescu, an independent, polling in single digits ahead of Sunday’s … Read more